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First Jakarta-Los Angeles cargo route launched in Tanjung Priok

Indonesia’s main shipping gateway, Tanjung Priok Port in North Jakarta, launched the first ever route connecting Jakarta and Los Angeles in the United States to boost its strategic standing as an international seaport. The weekly route, which includes stops in Laem Chabang, Thailand, and Cai Cep, Vietnam, before ultimately arriving in the United States for stops in both Los Angeles and Oakland in the San Francisco Bay Area, saw higher volume shipments during its first trial operations on Apr. 9 and Apr. 16, state port operator Pelindo II stated on ...

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AB Klaipedos Nafta’s Management Reflects on Positive 2016 Year

AB Klaipėdos nafta revenues for the year 2016 comprise EUR 103,839 thousand, 5.3% less compared to the year 2015 (EUR 109,702 thousand); Net profit of the Company comprise EUR 13,794 thousand, 37.4% less compared to year 2015 (EUR 22,036 thousand), net profit margin – 13.3 per cent (in 2015 – 20.1 per cent). Company’s EBITDA for the year 2016 comprise EUR 28,446 thousand, 23.4% less compared to the same period of the year 2015 (EUR 37,136 thousand), EBITDA margin – 27.4 per cent (in 2015 – 33.9 per cent). Management ...

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Port of Palm Beach Commission okays $4 million project for Tropical Shipping cargo area expansion

The Port of Palm Beach and Tropical Shipping have taken the next step towards a $4 million project that if all goes well will result in the demolishing of an office building to provide Tropical with an additional 3 acres for an expanded refrigerated cargo storage area. The port commission unanimously approved the project Thursday as part of a 10-year comprehensive agreement with Tropical with four five-year renewal options. The contract has been under negotiation for months. Tropical Shipping, founded in 1963, is the port’s largest tenant and makes up ...

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Chittagong Port to have bay container terminal

The government has initiated a move to construct a bay container terminal with the Indian credit to enhance the capacity of Chittagong Port which will reduce congestion at the port, officials said. He said another plan was there to construct a terminal at the proposed Payra Deep Sea Port, modernise Mongla Port, and construct Dry Dock in Chittagong. Talking to the news agency, an official at the Economic Relations Division (ERD) said such projects were taken to develop the country’s ports under a $4.5 billion fresh third Line of Credit ...

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ASEZA boosts Aqaba Port capabilities by minimising container clearance time

ASEZA’s new Customs Centre, owned by Aqaba Development Corporation and managed by Aqaba Port Management Company, has put Aqaba Port on a par with the best ports in the world by decreasing the clearance time of imported containers’ from five days to two days, according to a statement from the Aqaba Development Corporation (ADC) on Thursday. The average time for waiting and clearance process for a container decreased from 15 days to nine days at the end of 2016, whereas both the Aqaba Special Economic Zone Authority (ASEZA) and Aqaba ...

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Deep-sea port at Matarbari to meet growing demand

While the Chittagong seaport will continue to play the leading role, a substantial new port capacity will be needed during the seventh five year plan (FYP) and beyond, a senior official at Chittagong Port Authority (CPA) said here. The government had considered it necessary in anticipation of the growing demand for port services emerging from growing income and international trade, CPA member (admin and planning) Zafar Alam told a press briefing at the CPA board room, ahead of the 130th anniversary of the port. He said the new one will ...

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Tanzania: Dar es Salaam Port Turns Up Roses With Increased Output, TPA Chief Now Reveals

Improved efficiency at the Dar es Salaam port has enhanced the volume of cargo handling, with promise of an additional 120,000 tonnes of imports and exports to an annual freight tonnage of 16 million. The Director General of Tanzania Ports Authority (TPA), Eng. Deusdedit Kakoko, maintained yesterday that the volume of cargo has continued to record an upward trend during the last quarter of last year and first quarter of this year. “We recorded an impressive surge in traffic of cargo between October and December, last year and this was ...

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Sihanoukville port announces bookbuild and IPO date

The state-owned enterprise that operates Cambodia’s only deep-sea port officially announced that it will launch its six-day bookbuild and public roadshow starting next Tuesday with an expected initial public offering (IPO) on the Kingdom’s stock market set for May 31, the company’s sole underwriter said yesterday. Sihanoukville Autonomous Port (SAP) will float a total of 21.44 million shares, or 25 percent of the company, in hopes to raise $27 million to expand and improve on existing facilities. It will be the fifth company to list on the Cambodia Securities Exchange ...

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Shanghai port, world’s busiest, grapples with traffic congestion

The world’s busiest container port, Yangshan in China’s business hub of Shanghai, is battling severe congestion wrought by dense fog, higher-than-usual volumes and the aftermath of a shake-up in shipping alliances, ocean carriers and port officials say. More than 100 container vessels are now waiting outside the port, where the average waiting time at berth last week went up 6.2 percent, to 18.2 hours, versus the previous week, according to shipping software provider CargoSmart. CargoSmart said the fog started in early April and the congestion had worsened in the past ...

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First quarter international container volumes strongest since 2005

Total domestic and international container volumes increased by more than 14 percent for the month of March, and year-to-date volumes were up 10 percent. March international container volumes performed strongly post-Lunar New Year. At 120,018 TEUs (20-foot equivalent units), full imports grew almost 26 percent compared to March 2016. At 99,603 TEUs, full exports were up more than 9 percent in March, making it the strongest month for exports this year. Total international TEU volumes, including empties, increased by almost 21 percent compared to March 2016. International volumes recorded the ...

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Vietnam studies seaport water management in Netherlands

Deputy Prime Minister Trinh Dinh Dung had a working session with authorities from the Port of Rotterdam in the Netherlands on April 19 to study the European country’s experience in planning, building and operating seaports. He hoped the Netherlands will share its knowledge with Vietnam about seaport building and management and that Rotterdam will soon implement cooperative projects in Vietnam in seaport planning and logistics services and share experience in coastal protection. While visiting the port, Deputy PM Dung met with leading Dutch businesses in navigation transport, logistics services, shipbuilding ...

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Sri Lanka Ports Authority’s JCT Oil Bank increases profit by 113% in 2016

The Jaya Container Terminals’ Oil Bank (JCT Oil Bank) of Sri Lanka Ports Authority has enhanced its profit by 113 percent in 2016 compared to the previous year, Minister of Ports and Shipping Arjuna Ranatunga said. The primary business of the Jaya Container Terminal limited is to store the fuel supplied for vessels and to supply fuel needed by the companies which provide fuel for vessels in the sea. According to the Minister Ranatunga, the JCT Oil Bank had earned a profit of Rs 36 million in 2015 and Rs ...

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Port development will make Luleå big in north Scandinavian shipping

More than €310 million of investments will make the port capable of handling up to four times bigger ships and capture a share of the extensive regional shipments of ore. A court decision this week paves the way for the launch of a grand north Swedish port development project. The so-called Malmporten project includes dredging in the waters leading to the city of Luleå and port development on the city waterfront. This will make the local port to an important infrastructure object in the whole Baltic Sea region and an ...

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MPA prepares global maritime leaders to tackle new challenges in industry

The MPA Academy – the training arm of the Maritime and Port Authority of Singapore (MPA) – in partnership with the Singapore Management University (SMU) and Human Capital Leadership Institute, today officially launched its 2nd Advanced Maritime Leaders’ Programme (AMLP). Taking place from 20 to 25 April 2017, the six-day programme will gather 19 senior maritime and port officials from all regions including, Africa, Asia, Caribbean, Europe, Latin America, Middle East and Oceania. The Advanced Maritime Leaders’ Programme (AMLP) focuses on leadership development and is uniquely designed for senior maritime ...

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White House’s Cohn Wants to See ‘More and More’ LNG Terminals

If Gary Cohn gets his way, the U.S. could be the biggest exporter of liquefied natural gas in the world. The director of the White House’s National Economic Council — and former Goldman Sachs Group Inc. president — said the administration would step up approvals for LNG export terminals, starting with a project in the Northwest that he didn’t identify. At present, Cheniere Energy Inc. is the nation’s sole LNG exporter from the lower 48 states. “We could be and should be the largest exporter of LNG in the world,” ...

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