Adani Ports and Special Economic Zone APSE.NS will buy back as much as $195 million of its 2024 bond, the billionaire Gautam Adani-led company said in an exchange filing on Wednesday. Adani Ports had started a buyback program of some debt securities in April to prepay part of its near-term loans due next year. Earlier this year, the ports and logistics company had floated a tender of up to $130 million as it tried to boost investor confidence after the group’s shares were hit by a U.S. short-seller’s report in ...

Terminal working hours during Prophet Muhammad’s Birthday 2023 27 Sep 2023, Abu Dhabi, United Arab Emirates Friday, 29 September will be a public holiday at the CSP Abu Dhabi Terminal and normal working hours will resume on Monday, 2 October. Read More » Amended mooring and sustainability charges 27 Sep 2023, Dighi, India To contribute to a greener future and support sustainable initiatives, Dighi Port is introducing Sustainability charges applicable from 1 October. Read More » Update on new positioning system requirement 27 Sep 2023, Panama Canal, Panama If requirements ...

Prostar Capital announced the successful sale of its bulk liquid storage terminal facility, GTI Fujairah (GTIF) to Mercantile & Maritime Group (M&M). GTIF is located in the Port of Fujairah, UAE, a major strategic energy trading port and one of the largest bunkering hubs in the world. GTIF is a modern and highly flexible bulk liquid storage terminal, with a total capacity of 350,000m3. For the last six years of Prostar’s ownership, GTIF has been consistently ranked as one of the leading operators in the Port. “Prostar is proud that ...

Port of Newcastle has launched its first regular container service from its newly expanded Multipurpose Terminal, providing consumer goods, industrial, and agribusiness customers throughout the Hunter, North West and Liverpool Plains with a cost-effective and efficient option for importing and exporting product. The service, delivered by Neptune Pacific Direct Lines (NPDL), will see the Port become a regular call for container vessels, with import and export opportunities between Australia, New Zealand and the Pacific Islands. Port of Newcastle Executive Manager Business Development, Matthew Swan said the service formally kicked-off with ...

The Hambantota International Port Group (HIPG) has benchmarked a 500,000 ton volume in their bunkering business during the first eight months of 2023. The throughput which is five times in volume compared to 2022, is attributed to the port’s strategic partnership with Sinopec Fuel Oil Lanka Limited (SFOL), for the supply and trade of marine bunker fuel. Through the offer of marine bunker fuel at competitive pricing to local bunker suppliers, HIP has facilitated the supply of over 80% of the marine bunker market in Sri Lanka this year. HIP’s ...

Svitzer, a leading global towage provider and part of A.P. Moller – Maersk, has announced the continued expansion of its fleet in Brazil, as part of the ongoing growth of its operations in the country. Svitzer Monte KT is the fourth tug to join the fleet in the country since April and demonstrates Svitzer’s commitment to strategically strengthening its presence across Brazil’s coast to deliver sustainable marine services. Svitzer Monte KT is sister to three tugs already delivered to Svitzer in 2023, which have been deployed across the ports of ...

The Panama Canal Authority said a surcharge for water use it had applied to conserve water during a prolonged drought will be reduced starting October. The waterway has imposed a series of restrictions this year, including the maximum number of vessels allowed to pass per day and the ships’ authorized draft, in a move to conserve water as the drought is forecast to extend into 2024. The water surcharge was first imposed in 2020. Following the adjustment, the canal’s customers will see a reduction of about 50% in the variable ...

APM Terminals is already sourcing ~40% of all the electricity it consumes globally from renewable sources – a nearly four-fold increase from 11% in 2020. Decarbonised ports, as well as ships are proof that the supply chain transformation is happening here and now, says APM Terminals’ CEO Keith Svendsen. One of the company’s three breakthrough objectives, decarbonisation will be achieved by 2040 through electrification, energy optimisation, and sourcing of 100% renewable electricity such as solar energy, he confirmed. First call Svendsen was speaking at an event to mark the first ...

Individual companies in the petrochemical industry have generally highly optimized their own operations. But concerns about exposing confidential information often hamper them from looking ‘beyond the fence’ to work with other companies in an industrial cluster, even though this can yield further energy and resource savings. The Port of Rotterdam and Yokogawa aim to break through this barrier by facilitating confidential sharing of data and deeper integration within the cluster to unlock the large potential efficiency gains of optimizing production across entire industrial clusters. Through integration of multiple utilities such ...

India is poised to become a major global manufacturer and exporter as multi-nationals seek alternatives to China and investment transforms trade processes and logistics infrastructure, according to senior trade experts and practitioners. Speaking on the latest episode of The Freight Buyers’ Club podcast, produced with the support of Dimerco Express Group, Rahul Kapoor, Global Head of Shipping Analytics & Research, S&P Global Commodity Insights, said that although India would not replace China as the workshop of the world, it would make market share gains at China’s expense in the years ...

The terminal of the company Toro y Betolaza in the Port of Bilbao has been the setting chosen by the shipping company Finnlines, of the Grimaldi Group, for the official presentation of its ultra green hybrid ro-ro vessels of the Finneco series, the most efficient and sustainable ships for the transport of goods currently operating in Northern Europe and amongst the most environmentally friendly in the world. These vessels link Bilbao weekly with the ports of Zeebrugge and Antwerp in Belgium, Helsinki and Hanko in Finland, and Paldiski in Estonia, ...

This week, the Federal Government flagged off the first cargo movement on the Lagos-Ibadan rail corridor from one of the three standard gauge rail lines at APM Terminals Apapa. APM Terminals Apapa is the only container terminal in Nigeria with on-site rail connectivity and therefore offers a unique multi-modal access to the terminal via road, barge and rail. apapa-rail-2While inaugurating the standard gauge rail, the Minister of Transportation, Saidu Alkali, said, “The wagon freight train from Apapa port to Ibadan would move 90 containers daily, which would decongest the port ...

Loaded export volumes at Port Houston are up 10% year-to-date, maintaining the upward trajectory seen throughout 2023 and helping support overall volumes through Barbours Cut and Bayport Container Terminals. These exports are primarily resins and Port Houston is the nation’s leading gateway for resin exports, with a 59% share. Loaded import volumes are down 7% year-to-date. Combined loaded volume is flat for the year. Overall container volumes at Port Houston declined in August compared to last year, driven by a sharp drop in empty container volume. Year-to-date empty container volume ...

The number of ships in the port of Izmail (Odesa region) on Monday, according to the application for monitoring naval traffic Marine Traffic, increased to 125 versus 56 last week, the arrival of 16 ships is expected. In addition, on the same day in the port of Reni (Odesa region) on Monday there were 39 ships compared to 56 last week. Five ships are expected to arrive. For comparison: in the Russian port of Novorossiysk the number of ships has increased to 131 compared to 117 last Monday, and 46 ...

With growth in some sectors and softening in others, cargo volumes through the Port of Vancouver increased by 11% in the first half of 2023 compared to the same period last year. The Vancouver Fraser Port Authority’s 2023 mid-year statistics, released today, show a total of 75.9 million metric tonnes (MMT) of goods moved through Port of Vancouver terminals between January 1 and June 30, 2023, compared to 68.6 MMT for the same period in 2022. “I want to recognize the outstanding efforts of the port community, partners, and terminal ...