Rotterdam Port Signs Pact for Maintenance of Roads, Greenery
The Port of Rotterdam Authority signed agreements with two contractors relating to what is known as the port’s dry infrastructure. One contract covers maintenance of the roads in the port and the other maintenance of the green spaces. Following a tendering procedure, Van Gelder emerged as the best choice for the road infrastructure. The green spaces will be maintained by BTL. Both contracts run for two years and an express wish has been made for them to be extended by eight years. The combined sum of the contracts comes to over 14 million euros for the first two years.
Trump Administration's Infrastructure Plan Taking Shape
The Trump administration is finalizing its long-awaited infrastructure plan, which would push most of the financing of projects to private investment and state and local taxpayers, according to sources familiar with the proposal taking shape. President Donald Trump, who spoke frequently of improving U.S. infrastructure during his 2016 campaign, may preview the plan in his Jan. 30 State of the Union address, but details are not expected until afterward, the sources said. Two people…
SBS Worldwide Battles Hurricane to Maintain Supply Chains
Logistics company SBS Worldwide worked tirelessly through the weekend to maintain its clients’ supply chains as the devastating hurricane Irene battered the US north east. Early on Monday morning, SBS Worldwide’s New Jersey office was “open for business as usual”, after airports and seaports were closed and road infrastructure was reduced to a honeycomb of flowing water, trees and mud as Irene hit the US east coast over the weekend. SBS Worldwide US MD Lars Kloch says preparation is key to ensuring that disruption to its clients’ supply chains is kept to a minimum at times like these.
Spending On Transport Infrastructure
Transport infrastructure is a vital social and economic asset. Its construction and maintenance absorb significant resources while decisions on infrastructure have impacts that last for decades. The report Spending on Transport Infrastructure 1995-2011: Trends, Policies, Data and a related database have been released by the International Transport Forum at the OECD. The 2013 edition of the Forum’s annual statistics update presents aggregate trends in inland transport infrastructure investment and maintenance since 1995 and provides data on road, rail, inland waterway, sea port and airport spending for the International Transport Forum member countries for the period 1995-2011. Investment as a percentage of GDP has remained at around 1% since 1995 in the OECD.
Ferries Eligible for Millions in Canadian Funding
Ferry operators across Canada applaud new changes made by the federal government that will allow infrastructure projects related to ferries to be eligible for funding under the New Building Canada Fund, according to the Canadian Ferry Operators Association (CFOA). The original eligibility criteria for the fund, established in 2014, excluded most projects related to ferries, meaning very few operators have been able to apply for infrastructure projects. The CFOA and provincial governments have worked together urging Transport Minister Marc Garneau and Infrastructure Minister Amarjeet Sohi to revise the criteria to include ferries and ferry operators.
Russia’s Novatek Sells 10% Of Yamal LNG To Chinese Fund
Russia’s second-biggest gas producer Novatek is selling a 9.9 percent stake worth an estimated US$1.4 billion in its Yamal liquefied natural gas (LNG) project to a China’s Silk Road infrastructure fund, reports Reuters. The deal, first discussed in August, was inked as part of a visit by President Vladimir Putin to Beijing to mark 70 years since the end of World War Two in Asia. Following the completion of the deal, Novatek will own 50.1% stake in Yamal LNG, Total and CNPC will hold 20% each, while SRF will have a 9.9% stake in the Arctic LNG project.
New Bridge Over Port of Malmö Gets EU Support
The EU's TEN-T Program will co-finance with over $1.24 million preparatory studies for the construction of a rail and road bridge over the Port of Malmö in Sweden. The new bridge will help to improve the cargo transfer at the port and improve the national rail capacity. The studies will prepare the construction of the bridge and the adaptation of the rail and road infrastructure at the port area. They will clarify the overall layout of the new transport network and provide detailed plans for the bridge, including an environmental and public welfare study.
Boskalis Bags Netherlands Projects of EUR 200 mi
Royal Boskalis Westminster N.V. (Boskalis) has over the last couple of weeks acquired a number of medium sized and various smaller projects in the Netherlands with a combined contract value of more than EUR 200 million. Today, Boskalis was awarded the project for the expansion and doubling of the N62 road (Tractaatweg) in the province Zeeland. Preparations are due to start in spring 2017 and the project will be completed in the spring of 2019. The project carries a contract value of approximately EUR 30 million.
Indian Shipping Bucks Trends with Positive Growth
The Indian shipping industry is registering a positive growth amid a downward trend globally, Union Minister of State for Shipping, Pon Radhakrishnan said. “While the shipping sector is seeing a downward trend worldwide, India is registering a positive growth, and the credit for this should go to Prime Minister Narendra Modi,” he said. The Sagarmala programme launched by the Prime minister last year aims to increase the capacity of Major and Non-Major Ports to 3000 MTPA from the present 1054 MTPA, he said.
Maersk Mulls Port of Tema Expansion
Maersk Group is committed to support the expansion of the Port of Tema to the tune of US $1.5 billion, says Nils Smedegaard Andersen, Chief Executive Officer of Maersk Group. Maersk will also contribute its quota in the US$6 billion oil exploration work to be undertaken by Italian firm Eni Exploration in Ghana. Nils called on the President of Ghana John Dramani Mahama to extend the group's support to expand the Port of Tema to nearly four times its existing capacity in addition to increasing current road infrastructure including the development of the motorway to a 6-lane.
CMA CGM Adds Iskenderun Call on BEX Service
The CMA CGM Group has announced that starting June 16, a call in the South Turkish port of Iskenderun will be added to the Group’s Bosphorus Express Line (BEX). The CMA CGM Group adapts its offer to its clients’ needs and introduces a unique service between Asia and Iskenderun on the market. In order to answer its clients’ needs, the CMA CGM Group adapts its BEX line, joining Asia to the East Mediterranean, by adding a call in the port of Iskenderun. The Group now offers the only direct service on the market, and the best transit times between Asia and Iskenderun.
UK Chamber Welcomes Proposed Customs Arrangements
The UK Chamber of Shipping has welcomed proposals for customs arrangements that could be implemented after the UK’s departure from the European Union, which were published today in a new paper from the Department for Exiting the European Union (DExEU). The 'Future Customs Arrangements' report, argues that the UK could either seek a “highly streamlined” customs arrangement with the EU or else strike a new, bespoke deal. It also suggests that a transitional period should follow Brexit, before a final deal is struck that would follow existing procedures as closely as possible.
Inchcape Expanding in Spain
Inchcape Shipping Services completes Northern Mediterranean expansion with opening in Algeciras. Inchcape Shipping Services, the world’s leading maritime services provider, has this week opened its doors in Algeciras – Spain’s busiest port. It is one of a number of new offices scheduled to be opened by ISS in 2012 and completes the company’s expansion in the Northern Mediterranean region. “The opening of the Algeciras office strengthens the company’s position in this important maritime region,” said Michael van Hemert, Senior Vice President for Europe and North Africa.
Record Freight Handled by Antwerp Port
The port of Antwerp is set to achieve a freight volume of more than 200 million tonnes for the first time ever in 2015. When it comes to containers Antwerp is performing extremely well this year: with expected growth of almost 8% it will easily pass the milestone of 9 million TEU (twenty-foot equivalent units, i.e. standard containers) for the first time in its history. About half of the container volume is currently handled in the port area on the Right bank of the Scheldt, but…
AAPA Pushes for $66 bln for Port Upgrades
The American Association of Port Authorities (AAPA) has identified $66 billion in potential federal waterside and landside investments over the next decade that will help assure the benefits from an anticipated $155 billion in port-related capital infrastructure investments. AAPA Chairman-Elect William Friedman provided examples of waterside infrastructure needs, and offered recommendations for water resources legislation to enhance the U.S. Army Corps of Engineers navigation program during a senate committee.
Aberdeen Harbor Expansion Gains Support
Plans by Aberdeen Harbor Board to create additional berthing facilities at Nigg Bay have received a double boost. An independent report has estimated the economic benefit of the development to the local and national economies to be nearly £1 billion per annum. This report has been published in the same month that the Scottish Government, in their National Planning Process, has named the Nigg Bay Development as one of only 14 projects that they consider to be of national importance to Scotland.
Govt Approves Yamal LNG Train
OAO Yamal LNG was granted State permission to commission the main technological facilities of the LNG plant’s first stage, including the first liquefaction train, 58 gas wells and the respective infrastructure. Evgeniy Kot, General Director, Yamal LNG, stated: “Obtaining permission to commission the first LNG train is the cumulative result of many months of hard work and dedication by thousands of construction workers, installers, and engineers who have worked and continue to work in Sabetta.
China’s One Belt, One Road: Will it Reshape Global Trade?
The future of trade in Asia could depend heavily on what becomes of China’s expansive One Belt, One Road initiative, which calls for massive investment in and development of trade routes in the region. In this episode of the McKinsey Podcast, recorded in May, McKinsey senior partners Joe Ngai and Kevin Sneader talk with Cecilia Ma Zecha about One Belt, One Road—what it really means, what it needs to become a reality, and why people should take it seriously. Cecilia Ma Zecha, an editor with McKinsey Publishing, based in Singapore: What exactly is One Belt, One Road?
FMC, AAPA Meet
On Wednesday, April 6, 2005, the Federal Maritime Commission (FMC) held the third in a series of briefings from representatives of the shipping industry and maritime community. The briefings are intended to foster a greater awareness and understanding of the current issues and concerns affecting the various interests involved with the United States waterborne foreign commerce. The April 6th briefing was presented by the following representatives from the American Association of Port Authorities (“AAPA”): Gary LaGrange, President, Port of New Orleans and Chairman of the AAPA Board, representing the AAPA Gulf Caucus region; Richard Larrabee…
Nationwide Survey Shows Need for Critical Infrastructure Investments
Majority Say U.S. National Association of Manufacturers (NAM) President and CEO Jay Timmons joined today with Building America’s Future (BAF) Co-Chair and former Pennsylvania Gov. Ed Rendell to unveil a new survey that highlights manufacturers’ concerns about America’s roads and bridges, transit and aviation systems and ports. According to the survey of more than 400 manufacturers, a majority believe American infrastructure is in fair or poor shape, while roads in particular are getting worse. There is strong agreement among participants that U.S.
SW England Gets £10-M Port Transport Boost
UK's Department of Transport informs that Transport Secretary Patrick McLoughlin has announced a £10 million package to improve sea links between Cornwall and the Isles of Scilly, upgrade roads on the island and carry out ports repairs. The new funding includes £7.3 million towards a £12.8 million scheme to improve harbour infrastructure at both St Mary’s and Penzance and £1.8 million to repair and resurface public roads on the island. "This funding will make a huge difference to the people of Scilly and also to visitors to the island, so vital to the local economy.
Indonesia Partners with China on Maritime
Indonesian President Joko “Jokowi” Widodo and Chinese President Xi Jinping pledged increased maritime cooperation during the formers visit to China. According to the statement, China and Indonesia agreed to strengthen strategy and policy communication, advance maritime infrastructure connectivity, deepen cooperation in industrial investment and major project construction, and enhance practical cooperation to develop a "maritime partnership" together. Beijing has already pledged $40 billion in funding for ports…
China's $40b Maritime Silk Road Shaping Up
China's $40 billion fund to finance its most ambitious global plan - the Silk Roads and Maritime Silk Road is moving forward steadily as its management team has taken shape. China has appointed top officials to manage the fund. A team headed by Wang Yanzhi, an official with China's foreign exchange regulator, has been formed to formally operate the fund. People's Bank of China (PBOC) assistant governor Jin Qi will be the fund's chief executive and Zhu Surong, governor of PBOC's Urumqi branch in Xinjiang, has been appointed board member of the fund.