UAE Presence Grows in the Maritime World
Over recent years the United Arab Emirates has emerged as an important maritime hub with grand ambitions. Mark Venables visited the region to discover what is driving that growth.When the UAE was elected to the IMO Council as a Category B member, it immediately raised its profile within the maritime community. The Emirates have taken a significant step forward in the maritime world.Despite this success, the region remains a challenging market for shipping and logistics. One of…
Elbe Fairway Dredging Begins
The deepening and fairway widening program on the Elbe River officially launched yesterday (July 23)."The adjustment of the Elbe fairway will offer much better connections between the Port of Hamburg and the global flow of goods," said Dr. Maximilian Rothkopf, Chief Operations Officer of Hapag-Lloyd AG, during a groundbreaking ceremony held today to mark the official start of dredging operations.“Once the relevant work has been completed, the world’s largest container ships will be able to reach the City of Hamburg with virtually no limitations,” Rothkopf said.
Paskov Terminal Completes Stage III Expansion
Advanced World Transport (AWT), a member of the PKP CARGO Group, the largest rail freight carrier in Poland and a leading rail freight carrier in the European Union, has completed stage III of The Paskov Terminal modernization in the Czech Republic.A modern intermodal transshipment point in Paskov of 70,000 m2, with the capacity of 4,800 TEU and rail tracks of 3x 270 m and 2x 375 m is situated close to industrial zones and borders with Poland and Slovakia. In the Paskov Terminal AWT offers its customers comprehensive services associated with intermodal transshipment of goods.Strategic position in the heart of Europe allows for easy and fast connection to important European ports and terminals. It is situated close to the highway and it is connected to the national railway network.
Finland-Norway Rail Link for Arctic Sea Route
A Finnish company said on Thursday it planned to develop a railway connection between north Finland and Norway's Kirkenes port to link with potential Arctic shipping routes at an estimated cost of between 3-5 billion euros ($3.4-5.6 billion).Global warming has reduced ice coverage in the Arctic, opening up the possibility of new and shorter shipping lanes between north Europe and Asia, though control of routes is disputed.Finland's Finest Bay Area Development said it had signed a memorandum of understanding with Norway's Sør-Varanger Utvikling to investigate how to build a railway and its impact on the environment, society and the economy."An Arctic railway would connect Finland to the Northeast Passage," Kustaa Valtonen, a director at Finest Bay Area Development, said in a statement.
Hamburg Port Sets Record in Intermodal Growth
Handling 135.1 million tons of seaborne cargoes (down one percent), Germany’s largest universal port can report a respectable result for 2018.Hamburg successfully asserted itself in a difficult environment, achieving a distinct advance on railborne seaport-hinterland transport. In 2018, this category accounted for totals of 46.8 million tons – up 2.7 percent – and 2.44 million TEU – up 4.7 percent.More than 60,000 cargo trains with around 1.6 million freight cars were handled during 2018 on the Port Railway network alone.
Best Year for Stockholm Port
Swedish Ports of Stockholm summarized 2018 as a record revenue year, with stable freight volumes and a record number of cruise passengers.Sweden’s biggest passenger port saw more than 16 million passengers travelling by ferry, cruise ship or on archipelago services in 2018.“2018 was our best year, both financially and in terms of volumes. We are very happy that we have developed our ports so that we can offer, together with our customers, efficient and sustainable transport solutions for the increasing volumes of goods and passengers…
Finnish Transport Agency Issues Winter Navigation Guidelines
The Finnish Transport Agency (FTA), which will become the Finnish Transport Infrastructure Agency (FTIA) on 1 January 2019, has issued updated instructions for winter navigation.The instructions for winter navigation have been created in collaboration with the industry, shipping companies, charterers, vessels, icebreakers, pilots and vessel traffic services.In accordance with Finland’s maritime strategy 2014–2022, the objective of these instructions is to ensure smooth, economically…
Indian Port Rail Corporation to Begin New Railway Line Project
Jawaharlal Nehru Port (JNPT), Ministry of Shipping, Ministry of Railways and state governments of Madhya Pradesh and Maharashtra will enter into a pact tomorrow for implementing a new Indore- Manmad Railway Line Project.The project will be implemented through Indian Port Rail Corporation Limited on joint venture special purpose vehicle (SPV) model."An MoU will be signed tomorrow between JNPT- Ministry of Shipping, Ministry of Railways, Govt of Maharashtra and Govt of Madhya Pradesh for implementation of 362 km Indore- Manmad New Railway Line Project…
JSW to Invest USD 1.1bln on Ports
JSW Group will invest INR 7,000 crore (USD 1.1bln) more in the ports sector over next three years to create assets in the country as well as abroad, PTI reported. The company is also looking at diluting up to 15 percent stake in the ports operating company, JSW Infrastructure, to a private equity player soon, and take it public by 2019. JSW Infrastructure Ltd (JSWIL), a 100% subsidiary of Sajjan Jindal led-JSW Group, has also drawn up a master plan to develop its Jaigarh Port in Konkan as one of India’s biggest ports that could receive big bulk carriers, LNG, LPG and oil tankers.
India Approves $77.4 Mln for Sagar Port Project
Indian Government has given in principle approval to a grant of Rs. 515 crores ($77.4 Mln ) to make the development of the proposed Sagar Port project in West Bengal financially viable. This is part of the continuous efforts by the Ministry of Shipping during the last two years for the development of this port. A Special Purpose Vehicle, Bhor Sagar Port Limited (BSPL) has been incorporated for the implementation of the project, with Kolkata Port Trust holding 74% equity and the Government of West Bengal holding 26% equity.
India Bullish on Logistic Costs Saving through Sagarmala
Augmenting operational efficiency of ports & optimizing logistics evacuation can give boost to Indian trade and help seize the big opportunity of growth in Indian cargo traffic at ports which is estimated to increase to 2.5 bn MMTPA by 2025, says a report prepared under the Sagarmala port-led development programme of Ministry of Shipping. The Origin Destination study on cargo traffic projections & logistics bottlenecks emphasis on the need for creation of efficient infrastructure at requisite demand and logistic chain centres.
COSCO not seen bidding for Greek Rail Centre
Greece is still struggling to find investors for a rail freight hub that it has been trying to set up since 2008, sources close to the process said on Monday. China's COSCO had been expected to team up with other investors after the Greek government launched a new tender for the 250 million euro ($280 million) investment project last year, part of a bid to turn Greece to a European transhipment hub. Greece, which had to turn to its euro zone partners and the International Monetary Fund in 2010 for help in riding out a debt crisis, is still struggling to revive its economy. The selected investor will have to build a terminal with access to the national railway network and Greece's largest port in Piraeus and operate it for 60 years.
Italians Seen Bidding for Greek Railways, Russians Uncertain
Italy's state railway is expected to bid for its Greek counterpart TRAINOSE, but Russian Railways (RZD) is less likely to do so, sources with direct knowledge of the matter told Reuters on Tuesday. Privatisations, a key part of Greece's international bailout agreements since 2010, have reaped just 3 billion euros ($3.4 billion) so far, far short of the initial target of 50 billion euros, amid political resistance, bureaucratic problems and union opposition. Binding bids for Greece's railway network are due by 1400 GMT on Wednesday. Athens is selling TRAINOSE and maintenance company ROSCO to meet the terms of its latest EU/IMF deal signed last summer. It received non-binding expressions of interest in TRAINOSE from Italy's state railway, RZD and Greek construction group GEK-Terna in April.
COSCO in Talks to Bid for Athens Freight Terminal
Chinese shipping conglomerate COSCO is in advanced talks with Greek real estate developer Grivalia and logistics provider PAEGAE, about jointly bidding to build and operate a rail freight terminal near Athens, a Greek newspaper reported. Greece has launched a tender for the 250 million euro ($283 mln) project to build the terminal at Thriasio near Athens, which would have access to the country's railway network and its biggest port at Piraeus. COSCO's shipping unit China COSCO Shipping last week signed a deal to buy a 67 percent stake in Piraeus Port , a move which fits with the group's plan to build a European transhipment hub. PAEGAE is owned by National Bank, Greece's second-biggest lender.
Italy State Railways Eyeing Greek Railway Network
Italy's state railways <IPO-FERRO.MI> is considering bidding for Greece's rail network TRAINOSE, a spokesman for Ferrovie dello Stato said on Wednesday. "We are studying the dossier but it's still in a preliminary phase," the spokesman told Reuters. Italy plans to privatise its national rail services to help reduce public debt though it is not clear yet if the sale will happen this year or next. Greece's leftist government halted the sale of TRAINOSE along with other privatizations when it came in power early last year but relaunched it again in January as part of an international bailout agreed last summer. The deadline for the expression of initial bids ends on March 21. Qualified investors can then submit their binding bids on April 26.
COSCO Also Eyes Greek Train Network
China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transhipment hub. Buying TRAINOSE and Piraeus Port would give COSCO maritime connections to the Suez Canal and rail links to the Balkans and central and Eastern Europe. Bolstered by December's merger with China Shipping Group , COSCO's focus on Greece is about building market share at a time of anguish in a bruised and oversupplied shipping sector, industry sources said.
Cosco Among Investors Eyeing Greek Freight Center
China's Cosco is among investors expected to bid for the development and operation of a freight centre with access to the national railway network and Greece's largest port in Piraeus, a government official told Reuters on Wednesday. Binding bids for the 250 million euro project are expected to be submitted by May 31. "One of them (investors) is Cosco, but we believe that there won't be only one bid," the official said on condition of anonymity. A Chinese investor is also interested to build and operate a 850 million euro airport on the island of Crete. Binding bids are due on Feb 23. "There are at least three interested parties," the official said. (Reporting by Renee Maltezou)
Hamburg’s Seaborne Cargo Throughput Up in Q1
The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.3 percent) and container transport between the port and its hinterland at 602,000 TEU (up by 11.1 percent) were the strongest contributors to throughput growth. “We can be satisfied overall with the first-quarter trend in seaborne cargo throughput. Even if a slight 4.9 percent downturn in general cargo throughput at 23.9 million tons slightly dampens our satisfaction…
Cosco in Talks with Greece on Piraeus Port Deal
Greece is in advanced discussions with China's Cosco to boost their cooperation in the country's biggest port Piraeus, the Greek defence minister said on Friday. Cosco, which currently manages two container piers at Piraeus Port, is also interested in acquiring a majority stake. Athens has put the port up for sale. "We are in very advanced talks to expand this cooperation very soon in relation with the inclusion of a railway network as well," Defence Minister Panos Kammenos told an economic conference in Athens. Kammenos is the leader of the junior partner in the country's leftist-led government. Greece unblocked the sale of a 51 percent stake in Piraeus port and has invited Cosco and two other shortlisted investors to submit binding bids by September.
Sohar Port Challenges Gulf Rivals
Gulf of Oman port bids to become transhipment centre for region; to more than double container capacity by 2017. Part of Oman's drive is to industrialise, diversify beyond oil. An advertisement by the highway outside Dubai's massive Jebel Ali Port tells firms they don't need to ship goods through the Strait of Hormuz, the traditional gateway to the Gulf. Instead they can have goods delivered to a port in Oman, outside the Gulf, and bring them into the region by road. "Why go through the Strait when you can go straight to the Gulf," the billboard reads, in a challenge to Jebel Ali, which has become one of the biggest ports in the world by handling many of the region's imports via Hormuz.
Rickmers-Linie Transports Railway Cranes to China
Rickmers-Linie, the Hamburg-based liner carrier for break bulk, heavy lifts and project cargoes has again been chosen by Kirow for the transportation of railway cranes from Hamburg to Xingang. The shipment in August marked the continuation of a long-standing relationship between the two companies. The shipment contained six cranes of the type KRC 2880, with 20 more units of the type KRC 1680 are to follow into 2015. Kirow has been a long-term supplier of the Chinese railways. The company has already delivered a number of railway cranes for the ever expanding railway network in China.
Kenya's Electronic System CutsTrade Red Tape
Kenya on Friday launched a single electronic system for processing imports and exports, to simplify red tape blamed for holding up trade in the trading hub of the region. Kenya is the main trade gateway to east Africa, through its Indian Ocean port of Mombasa, but traders say it takes too long to get goods cleared and permit-related delays ramp up costs. Previously, entrepreneurs had to fill several forms and visit 24 different government agencies to get the permits and pay the levies, fees, duties and taxes they need to get goods across borders.
EU to Support Dunkirk Modernization
The European Union will co-finance with over €2.2 million from the TEN-T Program studies analyzing the possible ways to improve the rail connections to the French port of Dunkirk as well as the technical design for the construction of a Liquefied Natural Gas (LNG) bunkering station. The studies were both selected for funding under the 2011 TEN-T Annual Call and will analyze two distinct aspects affecting the Port of Dunkirk. The first project, which will receive EU support to the tune of over €1.1 million, will look at preparing a series of studies to improve the rail connections between the French national railway network and the Port.