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The Panama Canal Is Now a Major Problem for U.S. Shale

It seemed at the time like a somewhat random, and amazingly fortuitous, coincidence. Just as the Panama Canal was unveiling a new, fatter set of locks, U.S. shale drillers were readying their very first exports of liquefied natural gas. While the wide-body tankers that transport LNG would’ve had no chance of squeaking through the original steel locks built a century ago, they could easily traverse the bigger channel and shave 11 days off the trip to primary markets in Asia. But 17 months in, it’s not quite working out as ...

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Keeping the ships sailing in – why the Tuas mega port matters

Singapore has thrived by betting big on future trends that make or break economies, whether in air or sea transport, urban development or water sustainability. It is how the Republic rose to become the world’s top transshipment hub, a leading air hub and a model liveable city. In the second of a three-part series on major infrastructure projects, Insight looks at the move to consolidate all port operations in Tuas. It is touted as the upcoming site of a mega port – Tuas in the west where Singapore’s city port ...

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Boost to Abu Dhabi trade as Khalifa Port set to become first in Gulf able to handle some of world’s largest ships after EGA long-term use agreement

Emirates Global Aluminium, the largest industrial company outside oil and gas, has signed a long-term port facility agreement with Abu Dhabi Ports to use some of the world’s largest bulk cargo vessels to import raw materials through Khalifa Port. With this agreement, Abu Dhabi Ports will be able to develop the port to become the first in the Gulf capable of directly handling these massive ships. Abu Dhabi Ports will fund and complete dredging and widening works to the Khalifa Port approach channel and basin including EGA’s berth. The dredging ...

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JNPT handles 3.9 lakh TEUs of container traffic in November

Jawaharlal Nehru Port Trust (JNPT) handled 3.9 lakh twenty-foot equivalent units (TEUs) of container traffic in November, the government has said. JNPT is one of the top 12 major ports in the country. “Of the four terminals at JNPT, JNPCT handled 1.18 lakh TEUs, APM Terminal’s total stood at 1.66 lakh TEUs, DP World comprising NSICT and NSIGT) together handled 1.06 lakh TEUs in the month of November 2017,” Ministry of Shipping said in a statement. The port registered a 5.76 per cent growth in container handling during April-November 2017 ...

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Adani, JM Baxi and JSW Infra in race for Chabahar port deal

Adani Ports and Special Economic Zone Ltd (APSEZ), JM Baxi Group and JSW Infrastructure Ltd have been short-listed on a tender floated by India Ports Global Ltd to manage, operate and maintain (MOM) the container and multi-purpose terminals at Chabahar port in Iran, which was partly opened a few days ago. India Ports Global, a 60:40 joint venture between Jawaharlal Port Trust and Deendayal Port Trust (previously Kandla Port Trust), was set up by the government to make strategic investments in overseas ports. India Ports Global and Aria Banader Iranian ...

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Comparing Gwadar and Chabahar Ports: rivals or ‘sisters’?

Inaugurating Chabahar Port early this week, Iranian President Hassan Rouhani said he looked forward to “more engagement and unity” in the region, explaining, “We should go after positive competition. We welcome other ports in the region, we welcome Gwadar’s development.” Achieved 15 years after the initial agreement in 2003, the Indo-Iranian project of Chabahar is often seen as a rival or competitor for Pakistan’s Gwadar Port, which is the main seaport of the flagship China-Pakistan Economic Corridor, the most important land route of Beijing’s Belt and Road Initiative. Making efforts ...

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Sri Lanka hands port formally to Chinese firm, receives $292 mln

Sri Lanka formally handed over commercial activities in its main southern port to a Chinese company on Saturday and received $292 million out of a $1.12 billion deal, Finance Minister Mangala Samaraweera said. The deal, signed in July, will see China Merchants Port Holdings, handling the Chinese-built Hambantota port on a 99-year lease. The port is near the main shipping route from Asia to Europe and likely to play a major role in China’s “Belt and Road” initiative. “Today we received $292 million as the first tranche of the Hambantota ...

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Volume Growth Continues in November; Cargo Diversification Effort Shows Positive Results

The Port of Virginia® in November moved 240,570 twenty-foot equivalent units (TEUs), handled nearly 20,000 tons of breakbulk (non-containerized) cargo and processed more than 6,500 new import cars. “Our TEU volume was modest, up nearly two percent, we showed slight container growth at Virginia Inland Port and our efforts to diversify our cargo mix with non-containerized cargo are showing promise – November was the fourth consecutive month of growth in import autos for us,” said John F. Reinhart, CEO and executive director of the Virginia Port Authority (VPA). “Though we ...

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Port of Antwerp goes further towards efficient, sustainable modal shift

The port of Antwerp is to invest 1.4 million euros over the next three years in projects aimed at making port-generated freight traffic smoother and more efficient. The seven projects that have been selected for financial support will together reduce the number of truck trips by up to 250,000 annually. The Flemish government in turn is building on the Call for Proposals by the Port Authority, and in the next few months it will release a further 1.4 million euros for projects to make transport in and around Antwerp more ...

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Japan ‘cautious’ about investing in Chabahar port

Once thought to be keen on investing in the strategic Chabahar port development project in Iran, Japan now seems to be hedging its bets. A person familiar with the developments said Japan was “cautious” about investing because of fresh sanctions imposed by the US on Iran in July for its suspect nuclear energy programme. In October, US President Donald Trump refused to certify that Iran was abiding by the spirit of a 2015 interim agreement between Iran and the international community that saw some sanctions on the Shia country being ...

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9,000 TEU container ship arrives in Livorno

The Harbourmaster’s Office of Livorno has authorized the entry of the “MSC Adelaide” into port, a 300m long and 48m wide container carrier with a capacity of almost 9,000 TEU. This is the sixth MSC ship that the port of Livorno has received (after “Judith”, “Vita”, “Meline”, “Agadir” and “Azov”) which has come to dock under conditions that were permitted by the Maritime Authority as an exception. Good weather conditions – only seven knots of wind – made it possible for the ship to enter the port. With two pilots ...

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British Ports looking for cross border trade solutions as the UK and EU pass first big hurdle in the Brexit negotiations

Welcoming the Brexit agreement between the UK and EU, the British Ports Association’s Chief Executive, Richard Ballantyne, called for focus on overcoming border disruption and the introduction of non-tariff barriers as part of any free trade negotiations. The much publicised agreement allows the negotiators to move to the second phase of the Brexit discussions which includes trade negotiations. Commenting on the developments, Mr Ballantyne said: “The announcement is reassuring for ports and we welcome the move to the next phase of the Brexit negotiations. There is a still a long ...

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Fujairah oil product stocks rise 9% in week to December 4

Total refined product stocks at the Port of Fujairah stood at 18.18 million barrels in the week to 4th December, up 9.1% from the previous week, according to data from the Fujairah Energy Data Committee, or FEDCom. After hitting a record low on 13th November, stocks have risen by 20% on the back of a rebound in heavy distillate volumes, S&P Global Platts Analytics said in a report. Stocks of light distillates, including gasoline and naphtha, rose 9.1% week on week to 4.656 million barrels, but remain largely rangebound, in ...

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ITF: “Hutchison’s atrocious safety record worsens as another worker is killed in Jakarta”

The international maritime community is again in mourning following the death of an Indonesian worker on the job at the Hutchison terminal in Jakarta. International Transport Workers’ Federation (ITF) President Paddy Crumlin said: “This will be a heart-wrenching time for this man’s family, friends and workmates. The ITF extend our thoughts to them all.” Serikat Pekerja Jakarta International Container Terminal (SPJICT) chair, Nova Hakim, said: “We are shocked and alarmed by the continuing carnage at the Hutchison’s terminal in Jakarta. Two workers have died within two months, and four within ...

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King Abdullah Port appoints Rayan Qutub as CEO

The Ports Development Company, owner and developer of King Abdullah Port, has announced the appointment of Rayan Qutub as the chief executive officer. The board of directors welcomed the new CEO who will contribute to supporting and developing the port’s activities as well as fostering the port’s achievements over the past years. “I am very honored by the confidence placed in me by the Ports Development Company’s board of directors,” said Qutub. “I look forward to collaborating with the King Abdullah Port team members and the relevant authorities in order ...

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