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Bulgaria’s Port Flot-Burgas grows net profit, revenue in 2022

Bulgarian port towage services company Port Flot-Burgas [BUL:PFB] said on Thursday that its non-consolidated net profit grew to 1.7 million levs ($945,500/869,200 euro) in 2022 from 1.66 million levs a year earlier. The company’s revenue jumped by an annual 33.9% to 10 million levs in the period under review, it said in an interim financial statement. Of that, 8.7 million levs was generated from net sales, compared to 6.3 million levs the previous year. Operating expenses widened to 8.3 million levs from 5.8 million levs, as costs for hired services ...

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HOT PORT NEWS from GAC

Methanol bunkering carried out 26 Jan 2023, Gothenburg, Sweden A milestone for the use of methanol as a marine fuel was achieved in the Port of Gothenburg. Read more » Safe navigation in poor visibility 26 Jan 2023, Hong Kong Masters, coxswains and persons-in-charge of vessels are reminded to strictly comply with the International Regulations for Preventing Collisions at Sea, 1972 when navigating within Hong Kong waters, especially in poor visibility. Read more » Source: GAC

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Tehran, Tokyo seek expansion of port, maritime co-op in Persian Gulf

Head of Iran’s Ports and Maritime Organization (PMO) discussed infrastructural, transit, and training cooperation with the Japanese ambassador to Tehran. During the meeting, Ali-Akbar Safaei and Aikawa Kazutoshi explored ways of developing cooperation in Iranian ports on the coasts of the Persian Gulf, the PMO portal reported. Pointing to the long history of economic and commercial cooperation between Iran and Japan as two coastal countries, Safaei emphasized the development of infrastructure and transit cooperation and the strengthening of educational activities with Tokyo. Kazutoshi for his part mentioned a recent visit ...

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S5 Agency World signs deal with Deutsche ReGas to manage shuttle tankers at Lubmin LNG terminal

S5 Agency World (S5), a world-leading port services provider, today announced it has agreed a contract with Deutsche ReGas to act as terminal agent at its new Deutsche Ostsee LNG terminal at Lubmin Port, on Germany’s Baltic Sea coast. The new LNG terminal will process LNG imports into Germany and has a regasification capacity of up to 5.2 bcm of natural gas per year. The agreement will see S5 Agency World managed the incoming clearance, pilot coordination and necessary paperwork for three shuttle tankers working between a floating storage unit ...

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Methanex, Stena Line and Port of Gothenburg Achieve New Methanol Marine Fuel Milestone

Methanex Corporation, Stena Line and the Port of Gothenburg are proud to mark a new milestone in advancing methanol as a cleaner burning marine fuel—supporting the shipping industry’s shift towards decarbonization. On January 23, the world’s first methanol ferry, the Stena Germanica, was the first non-tanker to successfully complete ship-to-ship methanol bunkering at the Port of Gothenburg in cooperation with Methanex. This partnership is another demonstration of the leadership role that the parties play in growing the demand for methanol as a marine fuel and their commitment to playing an ...

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The Port Authority Of Bilbao Calls For Tenders For The Construction And Operation Of A Container Terminal On The Central Quay

The Board of Directors of the Port Authority of Bilbao has unanimously approved the call for a public tender for the award of a concession for the construction and operation of a maritime container terminal on the Central Quay of the port of Bilbao. The Central Quay is the last large area of the port of Bilbao for which a concession can be awarded. In this respect, works are being taken forward in two phases. The first, already completed, has given rise to an operational surface area of more than ...

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60% of Vizhinjam port project completed, supply of stones resolved: Minister

The monthly review meeting of the Vizhinjam International Seaport construction chaired by Ports Minister Ahammad Devarkovil here on Tuesday assessed the progress of the work and addressed issues related to supply of stones for the construction. Speaking after the meeting, Mr. Devarkovil said the first ship will call at the under-construction port on a trial basis either in September or October. However, it will take one more year for the port to be equipped for full-fledged operations, he added. So far, 60% of the project has been completed and the ...

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AD Ports Group Signs MoU with Tosyalı, one of Turkey’s Largest Private Steel Producers

AD Ports Group (ADX: ADPORTS) the leading facilitator of global trade, logistics, and industry, has signed a Memorandum of Understanding (MoU) with Tosyalı, one of Turkey’s largest private steel producers, which has operations in three continents. The MoU looks to establish the framework for AD Ports Group to collaborate with Tosyalı on a broad range of shipping, logistics, ports, and freight forwarding services, including potentially jointly investing in new port facilities to support its export operations. With 30 manufacturing plants, including associates and joint ventures in Turkey, Algeria and Angola, ...

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HOT PORT NEWS from GAC

Amended berthing policy 25 Jan 2023, Deendayal, India From 26 January, if a tanker vessel fails to commence cargo operations within 4 hours from the time of ‘all fast’, it will be liable to be shifted on the next suitable tide. Read more » Revised pilotage fees 25 Jan 2023, New Caledonia (South Pacific French territory) Pilotage fees for New Caledonia have been revised. Read more » Withdrawal of oil jetty for works 25 Jan 2023, Deendayal, India Oil Jetty No.1 will be withdrawn for revamping of the existing pipeline ...

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Japan’s IHI to study converting LNG terminals into ammonia-based facilities

Japan’s IHI Corp 77013 has started studies on possible conversion of liquefied natural gas (LNG) receiving and storage terminals located close to gas-fired power plants into ammonia-based facilities, it said on Wednesday. IHI will look at possibility to modify LNG terminals in the second half of this decade, as it wants to use ammonia – a carbon-neutral fuel – for boilers and gas turbines, it said. Tokyo hopes to use ammonia to gradually replace coal and develop a fully ammonia-fired power plant by 2050 but its reliance on coal and ...

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Valenciaport awards a new solar plant with a surface area of 27,700 m2

The Board of Directors of the Port Authority of Valencia (PAV) has approved this morning the award of the construction and maintenance of the solar energy plant to be located on the roof of the vehicle silo of Valencia Terminal Europa in the East dock of the Port of Valencia to the joint venture made up of Lantania S.A.U and Tecmo Instalaciones, Obras y Servicios S.A. The awarding of the contract, which, being more than 12 million euros, must be approved by the Board of Directors of the APV, amounts ...

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Port of Maputo 2022 Results

A new handling record was achieved by the Port of Maputo in 2022, having registered a growth of 20% compared to 2021. The total volume handled in 2022 was 26.7 million tons, against 22.2 million tons in 2021. This growth reflects the efficient usage of the rehabilitated berths 6, 7, 8 and 9, inaugurated in May 2022, and the implementation of 24-hour operations at the Lebombo/Ressano Garcia border in April. “The Port has definitely been reaping the fruits of the major infrastructure developments performed in the last four years,” said ...

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ABL assesses solar powered cold ironing at Mombasa Port

A feasibility study conducted by energy and marine consultancy ABL Group has investigated two possible brownfield sites for the installation of a solar photovoltaic (PV) plant to generate renewable energy powered shore power – or ‘cold ironing’ – at the Port of Mombasa, Kenya. The project was commissioned following the proposed introduction of the Green Ports Policy by the Kenyan Ports Authority, envisaging that all vessels at the port of Mombasa are to turn off onboard generators and operate from shore power. “A study conducted in 2021 indicated that 25 ...

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Fujairah Oil Terminal pushes back VLCC link to Q2 due to ‘supply chain’ issues

Fujairah Oil Terminal, the largest independent storage terminal at the Port of Fujairah by throughput, has delayed the expected startup of its $45 million project to connect its crude oil storage tanks to the port’s VLCC loading facility to Q2 from Q1 2023. The amount of crude and oil products moving through its pipeline to storage tanks is still expected to be the highest in several years in 2023, Dave Noakes, senior managing director at Prostar Capital, which owns 40% of FOT, told S&P Global Commodity Insights in a Jan. ...

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Ras Al-Khair Port’s December Volumes Hit a New Record

Ras Al-Khair Port has posted its highest monthly throughput ever by handling around 1,060,835 tons last December in a reflection of its unparalleled operational efficiency and reliability. The historic performance marks a new chapter in the industrial port’s journey as a leading maritime gateway for mining imports and exports while serving the over1all objectives of the Saudi Ports Authority (Mawani) in building a world-class trade infrastructure in the Kingdom as envisioned by the National Transport and Logistics Strategy (NTLS). Last month saw the Arabian Gulf port receive a total of ...

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