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Asian Ports: Pitfalls Of China’s One Belt, One Road Initiative – Analysis

Troubled ports in Pakistan and Sri Lanka, envisioned as part of China’s string of pearls linking the Eurasian heartland to the Middle Kingdom, exemplify political pitfalls that threaten Beijing’s ambitious One Belt, One Road project. Political violence over the past decade has stopped Pakistan’s Gwadar port from emerging as a major trans-shipment hub in Chinese trade and energy supplies while turmoil in Sri Lanka threatens to dissuade Chinese investors from sinking billions into the country’s struggling Hambantota port and planned economic hub. The problems of the two ports serve as ...

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India’s Chabahar port plan runs into Iran loan application hurdle

Eight months after the loan agreement was signed, Exim Bank is still awaiting the completion of an application from the Port and Maritime Organization of Iran with instructions to disburse the funds Subscribe to our newsletter. New Delhi: India’s ambitious plan to develop Chabahar port in Iran has hit yet another snag—over what is being seen as an inordinate delay on the part of Iran to seek a $150 million loan from India. Eight months have passed since the loan agreement was signed for the port’s development, but the Export-Import ...

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Latin America’s most technologically-advanced container terminal now open for business

APM Terminals Lazaro Cardenas received its first official vessel call today with the arrival of the 9,600 TEU capacity Maersk Salalah on the AC2 Transpacific service from Asia. “Today is a milestone as we add an additional operational terminal to our portfolio. A priority for us is to transition terminals under implementation into operation, and make them as efficient as possible to support our customers.” said Morten H. Engelstoft, CEO of APM Terminals. “We have a significant portfolio across Latin America, and this will be our second terminal in Mexico ...

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Port of Portland, ICTSI Agree to Lease Termination at Terminal 6

ICTSI Oregon, Inc. and the Port of Portland have mutually agreed to terminate a 25-year lease agreement to operate the container facility at the Port’s Terminal 6. The agreement allows ICTSI Oregon to be relieved of its long-term lease obligations effective March 31, 2017, pending approval by the Port Commission. In exchange, the Port will receive $11.45 million in compensation to rebuild business, as well as additional container handling equipment, spare parts and tools at the terminal. “Small businesses, farmers, agricultural producers, shippers and communities throughout the Columbia River region ...

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Bulgarian competition authority cancels Vidin South port terminal concession

Bulgaria’s competition regulator said it has cancelled a contract awarding a 35-year concession on Vidin-South port terminal, on the Danube river, to local company SKM Port Vidin. The commission in charge of awarding the concession has failed to include all interested companies in the selection process, the Commission for Protection of Competition said in a statement last week. The contract, awarded by Bulgaria’s government in November 2016, envisaged an annual fixed concession fee of 8,060 levs ($4,400/4,100 euro) plus 1.76% of its net revenues from the operation of the port ...

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Nigeria: Shallow seaports worsen nation’s economic woes

Owing to their shallow water challenges, the nation’s seaports are not contributing optimally to the growth of the economy. The Guardian’s investigations revealed that any vessel that requires about 15 meters’ water depth and above cannot berth at any of the six ports in the country. The situation is having adverse effects on international trade, as many large ships are diverted to neighbouring countries while others berth on the high sea, requiring feeder vessels to transship their consignments. This attracts additional charges, which further increases the cost of transportation and ...

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Australian Newcastle’s PWCS coal vessel queue at six-week high of nine ships

The vessel queue at the Port Waratah Coal Services terminals at the Port of Newcastle, Australia, was the longest reported in the Hunter Valley Coal Chain Coordinator’s weekly report Sunday for six weeks, but it remained short in comparison to last year’s queues. The queue grew from two ships to nine week on week, which is the second longest queue reported for 2017 to date. The longest queue was 11 ships on January 16. For the first nine weeks of the year, there has been an average of six vessels ...

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Seafarers’ charity grows global port chaplain network

Apostleship of the Sea (AoS) has launched a revised version of its global port chaplains’ directory which helps seafarers get access to help and advice wherever they are in the world. The Port Chaplain Directory 2017 lists phone numbers and e-mail addresses of the seafarers’ charity’s chaplains in 261 ports across 55 countries, compared to 207 ports and 49 countries in 2016. AoS Development Director John Green said, “We have chaplains in most of the world’s ports, and this year’s directory also contains contact details for ports not included last year such as ...

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Siemens technology for Africa’s first automated container terminal

Siemens’ scope of supply for APM Terminals MedPort Tangier includes the electrical and automation systems as well as the engineering and commissioning of 32 automated stacking cranes deployed in 16 intelligent yard blocks, which will be delivered in cooperation with innovative crane manufacturer Hans Künz GmbH, Hard (Austria). Siemens will also supply electrical systems used in 12 remote-controlled double trolley ship-to-shore cranes (STS). This order was placed by the Chinese Zhenhua Port Machinery Company (ZPMC), one of the world’s biggest crane builders. The terminal, to be opened in 2019, will ...

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China traders keen on harbor projects

Chinese investors are eager to partner with the country’s major port city developer, R-II Builders Inc., in Builders in Manila, Davao and Cebu that are envisioned to address congestion and provide convenience to its locators. Delegation from the China Development Bank led by its vice governor Zhou Qingyu and China National Technical Import and Export vice president Jiang Junhua visited the Harbour Centre Port Terminal Inc. at R-10 in Manila, which is being operated by R-II Builders, for their possible investment and role in the expansion and development of the ...

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France-based Haropa Port sees double digit maritime trade with India with rising French investments

France-based Haropa port expects maritime trade with India to grow at double digit this calendar year after having reported 7% growth in 2016, said Herve Martel, , CEO – Port of Le Havre & President- HAROPA ports. “We have received encouraging response from the Indian policy makers as also from port, shipping lines & Indian trade during our four day visit to India and we hope to build upon this momentum with increasing French investments taking place in India,” Martel said at the concluding leg of the multi city road ...

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Faisalabad Dry Port deserted as taxes bite

The Faisalabad Dry Port, once a symbol of growing economic activity in the country, has almost been deserted with a dip in exports, high provincial taxes, red tape and unresolved logistical issues, forcing traders to look at Karachi for cargo movement and handling. In 2006-07, when economic activity was robust in the country, the Faisalabad Dry Port was handling around 3,200 export containers every month. However, the figure has now slumped to just 200 to 250 containers a month, according to official data available with The Express Tribune. The story ...

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Vizag port set to cross target

Visakhapatnam port, which lost premier port slot to Kandla in 2007-08 after retaining it for seventh consecutive year, is on a growth trajectory by handling 54.55 million tonne during the current fiscal – up by 4.1 million tonne compared to the corresponding period last year registering a growth rate of 8.1%. With five weeks to go for winding up the financial year, the port is firmly poised to not only achieve the target set by the Ministry of Shipping but also surpassing it. All this is possible despite slowdown and ...

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Deputy PM demands review of fee at ports

The Government Office last weekend sent a document requiring the ministries of Finance, Justice, Industry and Trade, Planning and Investment, Transport, and Viet Nam Chamber of Commerce and Industry (VCCI) to work with the municipal People’s Committee to review the collection of fees and report to the Prime Minister before March 20. Last week, the municipal People’s Committee released a document affirming that the collection had adequate legal foundation. It said the fees were much lower than that of Lao Cai (a half for 20-feet container and 62.5 per cent ...

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PEMA welcomes three new members at start of 2017

The Port Equipment Manufacturers Association (PEMA) continues to expand its membership – which passed the 100 member mark in 2016 – with the addition of three new member companies: port equipment manufacturers Bedeschi S.p.A, Velodyne LiDAR Inc. and Samson Materials Handling Ltd. PEMA’s mission is to provide a forum and public voice for the global port equipment and technology sectors, reflecting their critical role in enabling safe, secure, sustainable and productive ports and thereby supporting world maritime trade. We are pleased that PEMA’s membership continues to grow, and the increase ...

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