SERVICE

COSCO SHIPPING PORTS NOV CONTAINER VOLUME GROWTH SLOWS SLIGHTLY

COSCO SHIPPING PORTS NOV CONTAINER VOLUME GROWTH SLOWS SLIGHTLY

Cosco Shipping Ports (CSP) saw container volume growth momentum slow down towards the end of the year with overall throughput in November rising 8.9% to 7.52m teu from 6.91m teu in November 2016, driven by solid performance at its overseas ports and the newer southeast and southwest coast ports, although the pace of growth was a touch off from the 12.4% month-on-month rise seen in October and the general double digit rises seen through most of the year. CSP’s overseas ports…

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HUTCHISON BEST TERMINAL IN BARCELONA PASSES 1M CONTAINER MOVES MARK IN 2017

HUTCHISON BEST TERMINAL IN BARCELONA PASSES 1M CONTAINER MOVES MARK IN 2017

Hutchison Ports BEST Terminal in Barcelona has hit a new throughput record this year with over 1m moves. The semi-automated terminal passed the 1 millionth move (equal to 1.8m teu) on 15 December. The 1 millionth container was loaded on the 13,800 teu MSC Bettina operated by MSC. “We are proud of reaching this latest milestone. The new record highlights BEST’s value proposition delivering the highest berth efficiency in the Mediterranean and the fastest delivery processes for trucks and trains,”…

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SEAN STRAWBRIDGE TO TAKE THE HELM AT PORT CORPUS CHRISTI

SEAN STRAWBRIDGE TO TAKE THE HELM AT PORT CORPUS CHRISTI

Port Corpus Christi Commission chairman, Charles W. Zahn, has announced that executive director John LaRue will retire at end of this year and will be succeeded by Sean Strawbridge, currently the Port’s deputy executive director and coo, who will take over as ceo from 1 January 2018. John LaRue would step down from his duties as executive director on 1 January 2018, and officially retire from the Port in June 2019 and will serve in a senior advisory capacity to…

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GLOBAL PORT VOLUME GROWTH REMAINS INTACT IN Q3

GLOBAL PORT VOLUME GROWTH REMAINS INTACT IN Q3

Domestic trade cargo throughput in the third quarter rose at ports in China, as did overall trade in South Korea. In the container trade, throughput rose at North American ports while growth stagnated in Europe due to the varying effects of the realignment of the alliances on the various sectors. According to Shanghai International Shipping Institute’s (SISI) latest Global Port Development Report of Q3 2017, major global economic indicators remained at high levels, suggesting that the ongoing global economic recovery remains…

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BOSKALIS TO BUILD QUAY WALLS AND JETTY IN PORT OF ROTTERDAM

BOSKALIS TO BUILD QUAY WALLS AND JETTY IN PORT OF ROTTERDAM

Royal Boskalis Westminster (Boskalis) in a consortium with Van Hattum en Blankevoort (Royal VolkerWessels) and TBI subsidiary Mobilis has been awarded a contract by the Port of Rotterdam Authority to build quay walls and a jetty, as well as to execute related activities for the construction of a new tank terminal in the port of Rotterdam. The contract is valued at more than $120m, with Boskalis’ share amounting to $40.3m. The project will commence in early 2018 and is expected to…

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HK PORT NOV VOLUME SLIDES 4% TO 1.75M TEU

HK PORT NOV VOLUME SLIDES 4% TO 1.75M TEU

The Port of Hong Kong continued to see container throughput slide in November, with the decline which began in October accelerating to 3.6% with 1.75m teu moved compared to the 1.81m teu that passed through the port in the previous corresponding period. The main Kwai Tsing terminals saw volume fall 1.6% to 1.35m teu from 1.37m teu previously while at the non-Kwai Tsing terminals throughput plunged 9.7% to just 400,000 teu from 443,000 teu in November 2016. For the year-to-date,…

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TAIWAN ON THE MAP: HOW THE ASIAN NATION HAS EMERGED AS A KEY SHIPPING AND LOGISTICS HUB

TAIWAN ON THE MAP: HOW THE ASIAN NATION HAS EMERGED AS A KEY SHIPPING AND LOGISTICS HUB

The concept of the ‘Taiwan miracle’ is not a new one. Today, Taiwan plays a critical role in the global technology supply chain, is an important market for global trade – and is a location that is increasingly ripe for foreign investment. But this dramatic repositioning has obscured the nation’s success story: through rapid industrialisation and growth over the last few decades, the island state has transformed itself into a hi-tech powerhouse and successfully positioned itself as a key shipping…

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CMPORT TAKES OVER CONTROL OF HAMBANTOTA PORT

CMPORT TAKES OVER CONTROL OF HAMBANTOTA PORT

China Merchants Port (CMPort) has taken over full operation at Sri Lanka’s Hambantota Port and paid out $292.1m as the first tranche of $973.7m it has agreed to pay for an 85% stake in the port, it said in a stock market announcement. The company will invest a total of $1.12bn in what is expected to be a major element in its Belt and Road Initiative, with the remaining amount to come over the next few months. CMPort had earlier…

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MARITIME INDUSTRY MOVING TOWARDS GREATER CONNECTIVITY

MARITIME INDUSTRY MOVING TOWARDS GREATER CONNECTIVITY

While it is more exciting to think of technology in maritime as being about futuristic robot-like fully autonomous ships and other high-tech applications, the reality is that many practical and applicable technologies are already here and can be usefully applied to make a significant difference in the near future. Smart technology group Wartsila’s vision of the future is encapsulated in its Smart Marine Ecosystem concept and envisages greater use of technology and digitalisation, with vessels and maritime systems becoming more…

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EXPANDED PANAMA CANAL NOT THE ONLY FACTOR IN LNG SHIPPING DEMAND

EXPANDED PANAMA CANAL NOT THE ONLY FACTOR IN LNG SHIPPING DEMAND

The expanded Panama Canal is causing dramatic changes in the gas trades and while this may generate significant headline figures, the effects on the shipping industry will still ultimately come down to global trade volume. Speaking to Seatrade Maritime News on the sidelines of the Marintec China Senior Maritime Forum Conference, Drewry Maritime Research director Navin Kumar said: “The Panama Canal or any other trading route doesn’t have anything to do with the demand. It’s more about the cost.” Kumar…

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