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Egypt’s Suez Canal revenue up 20.7 pct in 2021/22 to $7 bln

Egypt’s Suez Canal recorded $7 billion in revenue for the fiscal year 2021/22, up 20.7 percent from a year earlier, Suez Canal Authority Chairman Osama Rabea said in a statement on Monday. Egypt’s fiscal year runs from July 1 to June 30. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main sources of foreign currency. Source: Reuters

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Europe’s Ports And Terminal Operators Call For Ops Where It Makes Sense In Afir And Fueleu Maritime

The European Sea Ports Organisation (ESPO) and the Federation of European Private Port Companies and Terminals (FEPORT) have jointly agreed that the proposals for an Alternative Fuels Infrastructure Regulation (AFIR) and the FuelEU Maritime Regulation should enable the deployment of OPS where it makes the most sense. The greening of shipping is a priority for European port stakeholders. This entails addressing emissions from shipping both during navigation and at berth. Onshore power supply (OPS), also known as shore-side electricity, is one of the technologies available to help reduce greenhouse gas ...

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The Port of Valencia analyses the logistical and environmental benefits of short sea shipping

The Clock Building of the Port of Valencia will host next Wednesday 6 July the conference ‘Short Sea Shipping in the Port of Valencia: A competitive, innovative and environmentally responsible option’ in which experts from the maritime-port sector will analyse the logistical and environmental benefits of short sea shipping. The event is organised by the Spanish Association for the Promotion of Short Sea Shipping SPC Spain in collaboration with the Port Authority of Valencia (PAV). The conference will be inaugurated by the president of the PAV, Aurelio Martínez, and will ...

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Fujairah Benefits From Uptick In Russian Crude Transiting To The Bunkering, Storage Hub

The port of Fujairah on the UAE’s east coast is benefitting from an uptick in Russian crude transiting through the facility on its way to Asia, the port’s managing director said June 30, as Moscow sells more oil to countries, such as India and China. “Russian crude has started to transit at the port because its market has changed,” Captain Mousa Murad told S&P Global Commodity Insights in an interview in Fujairah. “Some of the crude is being stored before it goes to the Asian market, India mainly. This is ...

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Behind the Scenes of the Expansion: Bolstering Gender Equality at the Panama Canal

A few days ago, the Panama Canal celebrated the sixth anniversary of the Neopanamax Locks, which were inaugurated on June 26, 2016. The wider set of locks was constructed as part of the Panama Canal Expansion, the largest enhancement project in the waterway’s history, which created a third lane for traffic and doubled its cargo capacity. Along with advancing worldwide trade, furthering the local and global economy, and reducing shipping emissions, the Expansion also had an overlooked outcome—bolstering gender equality. Ilya Espino de Marotta, Panama Canal’s current Deputy Administrator and ...

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HOT PORT NEWS from GAC

Withdrawal of oil jetties for dredging 04 Jul 2022, Deendayal, India Oil jetties No.2 & 3 shall be withdrawn for dredging work from 5 to 9 July. Read more » Temporary reopening of waterway 04 Jul 2022, Corinth Canal, Greece The Corinth Canal will reopen temporarily for three months from today (4 July) to accommodate summer maritime traffic. Read more » Operations during Sacrifice holiday 04 Jul 2022, Turkey Official institutions in Turkey will be closed from 12:00 hours local time on 8 July until 18 July due to the ...

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China’s rail freight volume up 5.5 pct in H1

China’s rail cargo volume, a key indicator of economic activities, rose 5.5 percent year on year in the first half of 2022, said the China State Railway Group Co., Ltd. (China Railway) on Saturday. A total of 1.95 billion tonnes of cargo was transported through China’s railways during this period, 102 million tonnes more than that in the same period last year, according to the company. Coal used for power generation carried via railways totaled 690 million tonnes, up 9.1 percent year on year. During the first half of the ...

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Shippers lobby Biden as dreaded West Coast port labor contract expiry looms

More than 150 local, state and national trade associations implored U.S. President Joe Biden to push for a smooth and swift resolution to West Coast port labor talks ahead of late Friday’s expiration of the contract covering more than 22,000 workers. Groups representing industries from agriculture and apparel to trucking and toys requested that Biden work with the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) employer group to extend the current contract, commit to ongoing good-faith negotiations, and avoid any activity that would cause further ...

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California ports piling up again: Too many containers sitting too long

At the height of last year’s “will Christmas be canceled?” supply chain freak-out, the ports of Los Angeles and Long Beach — with the Biden administration’s backing — proposed a highly controversial fee on import containers that sat too long in terminal yards. The mere threat of this fee, announced on Oct. 25 for implementation Nov. 15, seemed to initially chase more boxes out the gates, as designed. Every week since then, like clockwork, the ports have cited progress and announced that the fee enforcement would be postponed until the ...

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Manufacturing modern quay cranes to handle giant vessels at King Abdulaziz Port in Dammam

Under the supervision of the Saudi Ports Authority (Mawani), Saudi Global Ports (SGP) and Shanghai Zhenhua Heavy Industries Company Limited (ZPMC) have today signed an agreement to manufacture three state of the art quay cranes at King Abdulaziz Port in Dammam. The deal was signed by Chairman of the Board for Saudi Global Ports Abdulla Zamil, CEO of Saudi Global Ports Edward Tah; and Secretary of the Party Committee, Chairman and President of ZPMC Liu Cheng Yun and Senior Vice President and Executive Board Member of ZPMC Liu Qi Zhong. ...

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Port pro of the month: Koen Overtoom (NL)

This month, we are taking you to the Netherlands, where we are having a talk with Mr Koen Overtoom, CEO of the Port of Amsterdam. In what follows, you will learn more about his thoughts on the ongoing energy transition, about the role of circular economy in the port, about the port’s vision on clean shipping and many other interesting topics. Can you briefly present the Port of Amsterdam to us? What are its characteristics? What are its challenges? The Port of Amsterdam is one of the largest seaports in ...

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Libya shuts two export terminals and an oilfield amid political turmoil

Opec member Libya has shut down two of the country’s biggest export terminals and an oilfield during the continuing political turmoil in the country, resulting in billions of losses to its economy. The North African country’s state oil company National Oil Corporation (NOC) declared a state of force majeure at the Asidra and Ras Lanuf terminals as well as the El-Feel field, which is also known as the Elephant field, it said in a statement on Thursday. Force majeure refers to an unforeseen set of circumstances preventing a party from ...

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Vessels arrival at Qatari ports soars in June

The ports of Qatar recorded an increase in the number of vessels arriving in the month of June receiving 274 vessels, 28% up compared to May 2022. According to figures released by Mwani Qatar yesterday, containers, livestock and building materials also increased by 1%, 332% & 11% respectively at Hamad Port, Doha Port and Ruwais Port. The ports handled 118,081 containers; 101,415 tonnes of general cargo; 6,506 vehicles; 25,600 heads of livestock and 35, 469 tonnes of building materials in the last month. According to data released by QTerminlas, Hamad ...

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Port Labor Talks Enter New, High-Stakes Phase With Contract Expiring

Labor talks between West Coast dockworkers, cargo-handling companies and container shipping lines are entering a new, high-stakes phase with the expiration of the contract covering U.S. seaports from Washington state to Southern California. With both sides remaining far apart on issues including pay and automation, the multiyear contract was due to end late in the day on Friday, raising fears over the potential for disruptions at major American gateways for trans-Pacific trade, including the country’s busiest container port complex at Los Angeles and Long Beach. The congestion at those ports ...

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World’s largest container ship crosses Suez Canal

On Thursday, the latest and largest container ship in the world, EVER ART crossed the new Suez Canal as part of the convoy of the south. Its journey is coming from Malaysia and headed for the port of Rotterdam, the Netherlands, Osama Rabie, head of the Suez Canal Authority, announced. EVER ART follows the shipping line of Evergreen and is the sixth ship in a series of 12 giant ships under construction of the 24 A class. Its weight is 221,000 tons, and it can carry 24,132 containers on board. ...

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