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Port of Newcastle has become the first port in Australia or New Zealand to be certified by EcoPorts, the global environmental and sustainability standard for the ports sector

EcoPorts this month certified Port of Newcastle under its Port Environmental Review System (PERS) following stringent independent tests by Lloyd’s Register to measure the port against best practice management around the world. Port of Newcastle is now one of 115 ports around the world to have been certified under the program. It comes as the Port pursues diversification projects underpinning a more resilient and sustainable future for the Hunter and NSW economies, in close partnership with the Berejiklian Government. The port’s Environment, Sustainability & Planning Manager, Jackie Spiteri, said the ...

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China’s busiest port sees record throughput

Ningbo Zhoushan port, China’s busiest port, saw cargo throughput exceed 1.1 billion tonnes in 2019, official statistics showed. This makes the port in eastern China’s Zhejiang Province the only one in the world to exceed such volume, according to statistics released by Zhejiang port and shipping management center. The container throughput at the port surpassed 27.53 million standard containers last year, ranking third in the world. Ningbo Zhoushan Port has been expanding the varieties of goods, with steady business growth in sectors such as iron ore, coal and grain. The ...

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Haifa Port privatization underway

After years of negotiations and failed attempts, the privatization of the Port of Haifa is underway. This Sunday, Minister of Finance Moshe Kahlon and Minister of Transport Bezalel Smotrich will present the plan for privatization of Haifa Port Company Ltd. to the ministerial privatization committee for approval. Under the proposal, the state will sell all its shares in Haifa Port Ltd. to a strategic investor who will undertake to invest NIS 1 billion in the company. The investor will need to meet criteria designed to ensure his financial strength. Beyond ...

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Surgutneftegaz awards 200,000 T of March ESPO Blend to Sinopec and Mercuria

Russia’s Surgutneftegaz on Thursday sold 200,000 tonnes of ESPO Blend crude oil ESPO-DUB loading in early March to China’s Sinopec and trading firm Mercuria in a spot tender, traders said. Surgutneftegaz sold to Sinopec a 100,000-tonne cargo loading from Kozmino Feb. 29 – March 5 at premium of about $7 a barrel to March Dubai swaps and a cargo loading March 4-9 to Mercuria at premium of $6.90-$7.00 a barrel, traders said. Mercuria bought a cargo for Chinese refiner Chemchina, traders said. Surgutneftegaz also awarded a tender for the sale ...

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Yilport Holding Announces New Business Plans For 2020 And Beyond

Robert Yuksel Yildirim, the Founder and Chairman of YILPORT Holding, took the helm at the company as CEO, after Christian Blauert stepped down in December 2019. In YILPORT Holding’s driving seat, Executive Chairman & CEO Robert Yildirim announced his new vision, his short-term and mid-term business plans for the company. “We revised our growth strategy and 5-year business plan for 2020-2025, in line with our target to rank among the top 10 international container terminal operators by 2025. Malta Freeport TerminalYILPORT will focus on organic growth in 2020. We will ...

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Dublin Port reports strong growth in EU trade volumes

Dublin Port Company has again reported record growth figures for 2019 as trade with the European Union countries experienced strong growth. Volumes on Ro-Ro (Roll-on/roll-off) and Lo-Lo (life-on/lift off) services to Continental Europe grew by 10.7%, but UK volumes fell by 0.2%. Dublin Port reported growth in unitised volumes (both Ro-Ro and Lo-Lo combined) of 3.6% to a total of 1.5 million units. It noted that over the six years since the economic recovery began in 2013, unitised trade has grown by over 41%. But it said the continued strength ...

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Adani Group bets big with Krishnapatnam Port Co acquisition

The ports of Dhamra, Vizag, Krishnapatnam, Kattupalli and Kamarajar on the East Coast may be located in different states but have something in common ― the Adani Group. The latest acquisition of the privately-run Krishnapatnam Port Company Ltd (KPCL) in Andhra Pradesh for ₹13,500 crore, announced on January 4, by Adani Ports and Special Economic Zone Ltd (APSEZ), is a perfect strategic fit for the Gujarat-based conglomerate. However, trade members (port users) are worried that the Adani group will have a dominant position on the East Coast, and this could ...

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Pakistan’s Gwadar Sea port benefits neighbouring countries

Transit trade between China and Afghanistan has begun with the inauguration of the Gwadar Seaport on the southern coasts of Karachi, Pakistan, and with the arrival of the first transit trade ship from China, a local media outlet the Ariannews has reported. According to the media outlet, the Embassy of Pakistan in Kabul says in a statement that the commercial goods will be transited from the Gwadar Seaport to the Chaman port in Kandahar of Afghanistan with a distance of 1,000 km. The statement said this would be the shortest ...

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New deal between Ridley Terminals and Teck Resources will increase coal exports

Ridley Terminals Inc. (RTI) announced on Jan. 8 the signing of an expanded commercial agreement in conjunction with Teck Resources Limited (Teck). The increased contract will raise the number of steel-making coal shipments leaving Prince Rupert for international markets. “Teck is a longtime, valued customer of RTI,” said Marc Dulude, president and COO of Ridley Terminals Inc. “This agreement further solidifies our strong relationship and demonstrates our commitment to our customers to provide fast, efficient, and reliable services. RTI is proud to be a part of Teck’s long-term development plan ...

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Terminal handling charges: Govt steps in to resolve dispute over levy

The Centre has allowed direct port delivery (DPD) clients and authorised economic operators (AEO) to pay terminal handling charges (THC) directly to the port terminals in a move that drastically alters the way the levy is collected. The move is expected to end years of tussle between shipping lines and importers/exporters over the issue. The decision, according to the Central Board of Indirect Taxes & Customs (CBIC), will improve the ease of doing business and save thousands of crores to the trade and industry. Bill of Lading In container trade, ...

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Iran’s southern ports fully operational despite floods

The ports affairs director of Iran’s Ports and Maritime Organization (PMO) said the recent floods in Sistan-Baluchestan and Hormozgan provinces in southern Iran hasn’t caused any damages to the country’s ports in the mentioned regions. “Imports and exports through the southern ports are running as usual, and the recent floods have not harmed the ports in southern provinces,” Ravanbakhsh Behzadian told ISNA. Unprecedented heavy rainfall which began on January 10 has led to flash flooding in the southern provinces of Sistan-Baluchestan, Kerman, and Hormozgan. According to Ravanbakhsh, no problem has ...

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Tanker traffic into and out of Cheniere’s Sabine Pass LNG terminal resumes

Vessels began moving back into the channel that serves Cheniere Energy’s Sabine Pass LNG export facility in Louisiana on Friday after persistent fog had limited movements, temporarily reducing activity at the terminal. Sabine Pilots advised Friday morning that inbound traffic was moving again, with six vessels scheduled to depart through the afternoon and 17 vessels waiting to start inward after the outbound traffic, according to a notice to shippers that use the channel. Among LNG tankers, the Maran Gas Apollonia left Cheniere’s facility and was out for orders. As of ...

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China iron ore port stocks rose on greater arrivals

Inventories of seaborne iron ore across Chinese ports rose this week, after declining for two consecutive weeks, due to more arrivals. SMM data showed that iron ore stocks across 35 Chinese ports increased 650,000 mt in the week ended January 17 to 114.4 million mt, after a decline of 1.66 million mt in the previous week. This was 15.82 million mt lower than the same period last year. SMM estimates that there were 87 vessels carrying 14.18 million mt of iron ore arrived at major Chinese ports during January 5-11, ...

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Port of Los Angeles exec says U.S. tariff tiffs could be ‘new normal’

The executive overseeing the busiest U.S. gateway for ocean trade with China said the “weaponisation of tariffs” to advance U.S. policy interests may now be the “new normal.” The comments from Port of Los Angeles Executive Director Gene Seroka came just a day after U.S. President Donald Trump and Chinese Vice Premier Liu signed a Phase 1 agreement to defuse their 18-month-long trade war. The partial pact will cut some U.S. tariffs on Chinese goods in exchange for Chinese pledges to purchase more American farm, energy and manufactured goods. “Even ...

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Gwadar Port starts operating Afghan transit trade

Gwadar Port started operating Afghan Transit Trade as the goods transited from Port of Jebel Ali, Dubai, to Afghanistan arrived at Gwadar by “DIYALA” Cargo Ship along Karachi Gwadar Gulf Service (KGS) of Cosco Shipping Lines Company. According to Gwadar Pro App, it is said that two 20-foot containers containing 54 tons of bagged fertilizers were transited this time. The goods would be transported to Afghanistan through Chaman, the most important frontier port at the border of Pakistan and Afghanistan. Chairman Zhang Baozhong of China Overseas Port Holding Company (COPHC) ...

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