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Adani Ports among 12 companies in Asia facing rating pressure: Moody’s

Adani Ports and Special Economic Zone Ltd (Adani Ports) has figured among the 12 companies in Asia that are facing challenges in retaining investment grade ratings, Moody’s Investors Service has said. “The rating of Adani Ports and Special Economic Zone Ltd (Baa3 negative) is under pressure due to lower growth trajectory from slower shipment volumes, particularly coal”, said a new report released by Moody’s Investors Service. This report has been titled ‘Twelve companies face challenges in retaining investment grade ratings in 2017’. As indicated in the report, eight of the ...

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Ice advisory – port of Odessa, Ukraine

Inchcape Shipping Services (ISS) is warning that an ice advisory has been issued by Odessa Sea Port Authority in Ukraine due to ice forming in the port harbour. From 00:00 on 18 January until further notice, all vessels without ice class classification will need to present a guarantee letter to the Harbour Master and may face restrictions – around 95% of vessels are likely to be affected. All ice class vessels can continue to operate without restrictions. The port of Odessa is the largest seaport in Ukraine and one of ...

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Creditors fear Hanjin sale of Long Beach terminal stake will leave them empty-handed

A U.S. bankruptcy judge in New Jersey is expected to decide Wednesday whether to approve the sale of Hanjin Shipping’s stake in a Long Beach terminal over objections from creditors who fear they will get shortchanged. The South Korean company’s financial collapse on Aug. 31 threw international supply chains into chaos. As part of a worldwide effort to unload its assets, the seventh largest shipping company agreed to sell its 54 percent stake in Total Terminals International LLC for $78 million to Switzerland-based Mediterranean Shipping, the second largest shipping company. ...

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Liverpool dockers protest over lack of amenities

Dockers and lorry drivers have been protesting at the Port of Liverpool over a lack of toilet and catering facilities at the Seaforth container terminal. The labour Union Unite said that over 100 workers gathered outside the terminal to protest over the poor conditions at the port including the basic right to have access to clean toilets, rest areas and canteen facilities. Apparently the toilets are “appalling” given that there are up to 350 workers working 24 hours a day, 365 days a year. Unite said there is also no ...

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HOT PORT NEWS from GAC

Stowaways & illegal immigrants on board barges Wednesday, January 18, 2017, Singapore

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Coal shipments from Port of Newcastle at record

KAI DRY BULK MARKET Coal shipments from the Port of Newcastle – Australia’s largest coal port – hit a record in December, underlining the resilience of the oldest fossil fuel amid policy U-turns in China and global calls for it to be phased out. The Port of Newcastle said coal shipments hit a record 15.9 million tonnes in December, eclipsing the previous record of 15.8 million tonnes set in December 2014. Total calendar 2016 coal shipments increased by 2 per cent to just over 161 million tonnes. The record month ...

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DP World takes control of Saint John container terminal

The fourth largest container company in the world, DP World, has officially taken over operations of the west side container terminal at Port Saint John, about six months after a 30-year lease was signed between the port and company. The goal is to grow the business and two massive cranes, now ready for use, are expected to be a big part of that growth. “These cranes will really help us to not only meet the needs of current vessel owners that call the port throughout the tidal range but also ...

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Russian Arctic ports have best year ever

Figures from the Russian Association of Sea Ports show that the main ports in the Russian north in 2016 had a more than 40 percent year-on-year increase from 2015. Growth was biggest in Murmansk where a total of 33,4 million tons of goods was handled, a 50 percent increase. Also Varandey, the oil terminal on the Pechora Sea coast, in 2016 had a significant growth. The port, which is owned and operated by Lukoil, handled eight million tons of oil, which 21,6 percent higher than in 2015. Dudinka, the Arctic ...

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Port of Antwerp finishes 2016 with growth of 2.7%

The port of Antwerp handled a total freight volume of 214,057,529 tonnes in 2016, up 2.7% on the previous year. Container volume up 4.1% At 4.1% the growth in container volume is even more pronounced: after 12 months the figure stood at 117,909,533 tonnes of containerised freight. Expressed in terms of standard containers (twenty-foot equivalent units) the total of 10,037,318 TEU has risen above the 10 million TEU mark for the first time in the history of the port. However there were negative figures in 2016 for conventional breakbulk (down ...

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Ports of Stockholm sets new container record 2016

A new record has been set for the number of containers transported to the Container Terminal at Frihamnen. Almost 54,000 containers have been transported by sea directly to the strongest growing capital city region in Europe and Sweden’s largest consumer market. At the beginning of December 2016 Ports of Stockholm exceeded the previous record set at Frihamnen of just over 51 000 containers*. The total number of containers handled in 2016 was 53,945. “It’s extremely positive that the shipping companies are happy with the efficiency and collaboration at Frihamnen, and ...

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OPC, CHEC ink deal for Puerto Cortes expansion

Operadura Portuaria Centroamericana SA de CV (OPC) has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of the Specialized Container and Cargo Terminal in Puerto Cortes, Honduras. The first phase covers the construction of a 350-meter long berth with a controlling depth of 15.5 meters, two trestles that will be connected to the existing yard, and dredging of the bay up to 14 meters deep. The new berth will be equipped with two super post-Panamax quay cranes, bringing OPC’s total number of ...

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India: Iron ore shipments surge 154% through major ports

Iron ore cargo through major ports has logged the sharpest growth among all commodities in April-December period. Till the end of December, iron ore shipments were up from 12.7 million tonne (mt) to 32.4 mt, a rise of 154 per cent. In terms of iron ore traffic, Mormugao port was the biggest gainer with a volume of 9.34 mt compared to 1.49 mt in the year-ago period. Led by iron ore, the Mormugao port recorded the highest growth of 62.51 per cent among all the major ports. Waiver of 30 ...

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Port of Kiel posts record cargo with Handling up 5.3 %

Kiel posted record cargo and passenger handling figures in 2016. For the first time some 6.5 million tons were loaded or unloaded last year – an increase of 5.3 % over the previous year and the port’s best-ever result so far. Ferry services to Scandinavia and the Baltic region showed above-average growth, while trade with Russia continued to decline. Dr Dirk Claus, Managing Director of the PORT OF KIEL (SEEHAFEN KIEL GmbH & Co. KG) comments: “Kiel has achieved a record result. Increases of as much as 7.6 % were ...

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2016 Traffic: Dunkirk Volumes Rise

Annual traffic for 2016 was over 46.7 MT, an increase of 0.3% compared with 2015. However, the port of Dunkirk did not escape the effects of the economic climate in 2016, which included the technical shutdowns, for maintenance, of the ArcelorMittal steel works blast furnace No. 4 and the Versalis petrochemicals plant, the permanent closure of SRD (Société de la Raffinerie de Dunkerque) and the delayed opening of the LNG terminal. In addition, grain exports have been penalised by a poor harvest since the summer of 2016. General cargoes continued ...

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Patimban Port expected to help boost automotive exports

The government expects the Patimban deep-sea port in West Java to help pave the way to boost Indonesia’s automotive exports in the future. “Patimban Port is expected to boost Indonesia’s automotive exports as Tanjung Priok’s capacity is already full,” Investment Coordinating Board (BKPM) chairman Thomas Lembong said over the weekend. The port, construction of which will begin in 2018, will have a container capacity of 1.5 million 20-foot equivalent units (TEUs) once it is partly completed by 2019 and then 7.5 million TEUs by 2027, which is half the capacity ...

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