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DP World Will Invest Up To $1 Billion In The Port Sector Of Ukraine

Emirati group of companies DP World, one of the world’s largest port operators, can invest in the port sector of Ukraine $500 million to $1 billion. This information was announced by the Minister of infrastructure Vladimir Omelian during the press conference, the Journalist reports, citing UNIAN. “The company DP World has ambitious plans. They are ready not just to take the concession of our ports and ready to invest in development of port areas, to create the production. Their investments can range from $500 million to $1 billion,” — said ...

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Automation of Suez Canal area services complete by end of December

Minister of Planning, Follow-up, and Administrative Reform Hala El-Said said that achieving high economic growth will not happen without the inclusion of other segments of society in the financial system, which is a key objective of Egypt Vision 2030. Her words came during a speech on financial inclusion and digital payment technology at Cairo ICT 2017. El-Said stressed that the political leadership supports the achievement of financial inclusion, as all government agencies and ministries are working hand in hand with the Central Bank of Egypt (CBE) and the Egyptian Exchange, ...

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Port Hedland China iron ore exports flat in Nov at 35.2 mln/T -Pilbara Ports

Iron ore shipments to China from Australia’s Port Hedland terminal were flat at 35.2 million tonnes in November compared with October, port data released showed. Total November iron ore shipments from the world’s biggest export terminal for the steelmaking raw material were also flat at 41 million tonnes, according to the Pilbara Ports Authority. Port Hedland is used by three of Australia’s top four iron ore miners, BHP , Fortescue Metals Group and Gina Rinehart’s Hancock Prospecting. Rio Tinto uses the nearby Dampier and Cape Lambert ports to ship iron ...

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LNG exports to China from Australia’s Gladstone port hit record high in Nov

LNG exports to China from Australia’s Gladstone port on the Queensland coast hit an all-time record high in November, data released by the Gladstone Ports Corporation on Wednesday showed. A total of 1.14 million mt of LNG was sent to China from Gladstone during the month, up 26% year on year and 2% higher from October, GPC data showed. LNG exports to China from Gladstone crossed 1.12 million mt for the first time in September. Japan, South Korea and Malaysia were the only other destinations to get LNG shipments from ...

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Container shipments to have 25% share of Indian ports cargo

The share of container shipments to the overall cargo handled by Indian ports is projected to rise to 25 per cent at the end of the financial year 2018-19. A report by CARE Ratings says POL (Petroleum, Oil & Lubricants) and container shipments would continue to maintain its lead in the sector. The share of both POL and container shipments to overall traffic at ports is on an upswing. During the first six months of FY18, POL cargo’s share to overall volumes stood at 34.01 per cent, marking a 7 ...

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Shipping-container volumes set for record-breaking year

The global economy might be slowing‚ but when it comes to shipping-container volumes‚ things are at least looking up. Volumes are on course for a record year‚ with world loaded container-traffic volumes expected to break the 200-million TEU (twenty-foot equivalent unit) threshold for the first time. This was revealed by Transnet Group CEO Siyabonga Gama during his address at the official opening of the inaugural two-day Terminal Operators Conference Africa 2017 at the Durban International Convention Centre this week. Gama kicked off his speech with “some good news” contained in ...

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November coal exports from Australia’s Gladstone sink to seven-month low of 5.4 mil mt

Volume of shipped coal from Gladstone in Queensland, Australia, slumped to a seven-month low of 5.40 million mt in November, with weak exports to its three biggest destinations: Japan, India and China, data from the Gladstone Ports Corporation showed Wednesday. The November volume is down 13% from 6.23 million mt a year ago, and 7% lower than 5.79 million mt shipped in October, the data shows. Last month’s export figure is the smallest volume sent in a single month since April when throughput was still limping from the impact of ...

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Amsterdam Port Authority : Performance of large-scale maintenance works on Corsicaweg

Summary of the work: Performance of large-scale maintenance works on Corsicaweg. Maintenance period: 7:00 a.m. on Monday, 4 December to 4:00 p.m. on Friday, 22 December. Road traffic measures: Road traffic measures Stage 1: During the period from Monday, 4 December to 7:00 a.m. on Sunday, 17 December, a one-way traffic system will be in place from Rhodosweg to Maltaweg. Paving work will be performed during this time on the traffic sections on the east side of Corsicaweg, while the coating of the asphalt will be milled. Drivers will experience ...

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Expert Supports Move For More Deep Seaports In Nigeria

Dr. Chidi Izuwa, Director General, Infrastructure Concession Regulatory Commission (ICRC,) has said that the Federal Government plans towards developing more deep seaports in the country is one of the best things to happen in the maritime sub-sector of the nation’s economy. Dr. Izuwa who spoke to journalists recently during a stakeholders breakfast meeting on financing Inland Dry Ports (IDP) and Truck Transit Parks (TTP) organised by the Nigeria Shippers Council (NSC) and Federal Ministry of Transportation in Lagos said: “as we grow, our ports are constrained now and our cities ...

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Sub-Saharan Africa missing out on global shipping boom, says Transnet

Sub-Saharan Africa is missing out on a global shipping boom because of poor infrastructure, Transnet Group CEO Siyabonga Gama said at a conference this week. Worldwide shipping container volumes are set to break the 200-million twenty-foot equivalent unit (TEU) threshold for the first time in 2017, Gama said at the inaugural two-day Terminal Operators Conference Africa 2017 at the Durban International Convention Centre. But the poor and inadequate state of much of Africa’s transport network was holding many countries back from sharing this bonanza. “The combination of years of under-investment ...

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Sri Lanka to hand port to Chinese firm, receive $300 mln

Sri Lanka will hand over commercial activities in its main southern port to a Chinese company on Saturday and receive around $300 million out of a $1.1 billion deal soon after, Ports Minister Mahinda Samarasinghe said. The deal, signed in July, will see China Merchants Port Holdings, handling the Chinese-built Hambantota port on a 99-year lease. The Chinese firm last year agreed to pay $1.12 billion for an 80 percent stake in Hambantota port, which is located near the main shipping route from Asia to Europe. But the deal triggered ...

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Empty Transferium for containers at ECT Euromax terminal

Hutchison Ports ECT Rotterdam (ECT), United Waalhaven Terminals (UWT) and Smith Holland will launch an Empty Transferium at the ECT Euromax terminal at the Maasvlakte. The Empty Transferium will provide so-called empty depot services for both refrigerated containers (reefer containers) and ‘regular’ containers at the deepsea terminal. The following services will be offered at the Empty Transferium: transport to and from the Transferium, inspection and cleaning of the container, minor repairs to both the container and the cooling system of the reefer container and pre-trip inspection (PTI). The Empty Transferium ...

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Australia: Ports dispute enters second week and stalls millions of dollars in Christmas deliveries

Joe Tullio’s shipping container stuffed with $45,000 worth of Victorian pears has now been stranded at the Port of Melbourne for more than 10 days. Along with hundreds of other containers containing frozen prawns, grain and milk products, EpiPens for diabetes sufferers, toys, Christmas decorations and machine parts, Mr Tullo’s is caught in the middle of a deepening industrial dispute at the nation’s busiest port. Mr Tullio, managing director of Australia Fruits, fears he could lose all his money or have to heavily discount the produce which should have arrived ...

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HOT PORT NEWS from GAC

Height Restricted Areas for Southern Connection of Tuen Mun-Chek Lap Kok Link Wednesday, December 6, 2017, Hong Kong

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Experts divided on economic benefit of Chabahar Port

Afghanistan has called Sunday’s inauguration of the first phase of Iran’s Chabahar Port “the beginning of a new era of connectivity and a huge leap of faith.” “Chabahar will allow the whole region to be connected without any obstacle,” said Shaida Mohammad Abdali, the Afghan ambassador to India. “We have broken the chain of disconnectivity.” The Afghan ambassador is referring to the breakdown in the trade connectivity at the Wagah border, which was the normal route of trade between India and Afghanistan passing through Pakistan. The opening of the Chabahar ...

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