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Gateway Terminals, India’s single biggest container terminal, declares force majeure

Gateway Terminals India Private Limited (GTI), the container terminal run by a unit of Danish shipping group A P Moller-Maersk Group A/S, at Jawaharlal Nehru Port Trust near Mumbai, has declared force majeure in the wake of a three-week lockdown imposed by the government to check the spread of Corona Virus. A force majeure clause absolves firms from meeting their contractual commitments for reasons beyond their control. “Gateway Terminals India Private Limited hereby declares the Covid-19 pandemic as an event of Force Majeure in accordance with the Terms of Business ...

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COSCO SHIPPING Ports Announces FY2019 Results: With strong financial position and sustainable cash flow

COSCO SHIPPING Ports Limited, the world’s leading ports operator, announced full year results of the Company and its subsidiaries (the “Group”) for the year ended 31 December 2019. 2019 Full-year Results Highlight • Revenue rose by 2.7% to US$1,027.7 million • Gross profit reduced by 7.1% to US$272.7 million • Share of profits from joint ventures and associates reduced by 8.5% to US$267.5 million • Excluding one-off gain from QPI transactions last year and impact from the New Lease Standard : • Adjusted net profit rose by 8.1% to US$350.9 ...

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India’s coronavirus lockdown hits LNG demand and port activity

Fresh reports of force majeure were heard from India, as the country entered a 21-day lockdown this week to stem the spread of coronavirus in the country. Several ports in the state of Gujarat, including Mundra and Hazira and possibly also Dahej, have issued force majeure notices, market source said. As such, the ports have declared non-liability for any delays in port activity of whatsoever nature, freeing them of any demurrage charges. This has made it easier for LNG importers, like Petronet LNG Ltd and Gujarat State Petroleum Corp (GSPC) ...

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India: Government under pressure to declare Force Majeure at 12 major ports

Pressure is mounting on the shipping ministry to declare force majeure at the dozen ports run by the Central government amidst a 21-day nationwide lockdown to check the spread of Corona Virus. Force Majeure is a clause that absolves firms from meeting their contractual commitments for reasons beyond their control. Many of India’s private ports have declared Force Majeure at their facilities. “It is humanly not possible to practice social distancing in cargo handling where manpower is used in large numbers. Hence, we had requested all port managements to permit ...

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HHLA expects strong decrease in earnings due to 2020 coronavirus pandemic

Hamburger Hafen und Logistik AG (HHLA) can look back on a successful financial year 2019. Despite a significant deterioration in the market environment especially in the second half of the year, Group revenue increased by 7.1 percent to € 1.38 billion (previous year: € 1.29 billion). Due to the successful integration of the Estonian terminal operator HHLA TK Estonia, which was acquired in 2018, and a slight growth at the Hamburg terminals, container throughput increased moderately. A significant rise in container transport was achieved. At € 221.2 mil-lion, the Group’s ...

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Chennai Port acquires majority stake in Kamarajar Port

Chennai Port Trust (ChPT) on Friday acquired 67% stake of its subsidiary Kamarajar Port Ltd. (KPL) for ₹2,383 crore. “This agreement comes into force with immediate effect,” said P. Raveendran, chairman, ChPT. “Our immediate focus is to utilise the existing capacity in ChPT to the maximum and carry out expansion in KPL. Our next target is to achieve cargo handling of 100 million tonnes in the coming years.” Soon after remitting the amount, he said that both the ports would operate as different entities for the betterment of exim trade. ...

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King Abdullah Port handles 3,200 tons of general cargo for Petro Rabigh

King Abdullah Port has announced the successful completion of the last phase of handling 3,200 tons of machines for the Petro Rabigh Phase II upgrading, a task that required very accurate handling and transport techniques. Five of the largest international companies cooperated during the process of transporting the cargo from outside the Kingdom until its arrival in King Abdullah Port and then on to the Petro Rabigh Project. The unloading and handling processes were carried out smoothly in the bulk and general cargo terminal thanks to King Abdullah Port’s state-of-the-art ...

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Malta: Ports still open for cargo from Italy, catamaran still accepting drivers

Maltese ports are still open for cargo, including ships leaving from Italy, as most of Malta’s supplies, including medical supplies, foodstuffs, and fuel arrive from abroad, a spokesperson for Transport Malta told The Malta Independent on Sunday. The two cargo boats, Tirrenia and Grimaldi, which operate regularly from Italy, are still in operation but no longer carry drivers. The catamaran is also still operating and drivers are allowed onboard. The two cargo ships require that local drivers, in Malta and Italy, take the cargo to the ships, which is then ...

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Container congestion at ports being eased off

Container congestion at three major ports in Malaysia has been rapidly cleared since Friday (March 27), says Datuk Seri Dr Wee Ka Siong. The Transport Minister said Port Klang would have reduced its congestion from nearly 100% to an expected 40% by Sunday (March 29). “In Penang Port, 1,871 containers have been cleared out of a total of 3,000, whereas in Johor Port, 1,700 containers have been moved out of 7,500. “The port of Tanjung Pelepas has also been given the green light to move containers out to allow continuing ...

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JNPT extends relief to coronairus-hit import trade

Faced with an acute shortage of drivers to operate trucks that moves containers, Jawaharlal Nehru Port Trust (JNPT) has waived dwell time charges for import containers moved by road to nearby container freight stations, directly to factories/catchment areas and empty containers unloaded from a ship from Mach 22 till March 31. India’s biggest container port has also decided to waive shifting charges on import containers for which change of mode activity (from truck to rail) is performed to facilitate movement of CFS/DPD (direct port delivery) containers by rail till March ...

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Continuation Of Extended Import Free Storage Period At PSA Mumbai and PSA Sical

All our terminals in India, namely PSA Mumbai, PSA Chennai, PSA Kolkata and PSA Sical in Tuticorin are continuing to operate as part of the essential services highlighted by the Government, with added safety and hygiene measures. We appreciate everyone’s efforts throughout the supply chain as we together strive to keep things moving. To date we’ve :- 1. Extended free time for all imports by 3 days until 31st March 2020 at PSA Mumbai and PSA Sical. 2. Waived Rail THC on empty containers on rakes at PSA Chennai and ...

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‘V.O.C. Port adheres to all safety measures to prevent spreading of COVID-19’

The V.O. Chidambaranar Port has made it clear that it was following all safety and hygienic practices as recommended by the State and the Central Governments while handling cargo. An official statement said operations of seaports are covered under ‘essential services’ and are exempted from lockdown, so that all essential goods and raw materials are made available to the public and the manufacturing units in a seamless manner. Some of the basic commodities handled by the Port include coal for thermal power generation, petroleum products to cater to energy needs, ...

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Record Breaking LNG bunkering for Sleipnir in Rotterdam

Heerema’s Sleipnir, the world’s most powerful semi-submersible crane vessel yesterday, received the largest LNG bunkering ever completed. Titan LNG organized the bunkering, using Coral Fraseri, Anthony Veder’s LNG carrier in the Port of Rotterdam. A collaboration of four Dutch companies who have united to make history for sustainability in The Netherlands. Sleipnir arrived at the Port of Rotterdam on Sunday, March 22. The vessel came home for the first time following a successful global campaign. The vessel has a wide range of sustainable measures, including being fully outfitted with LED-lighting ...

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Westport lays off workers in Port Angeles

Up to 335 employees have been laid off at Port Angeles-based Westport LLC, a luxury yacht-maker fallen victim to the COVID-19 pandemic. Although the move was made by company management Monday to protect workers from virus exposure, the workers would have lost their jobs anyway under Gov. Jay Inslee’s stay-at-home order that lasts two weeks. The economic blow of Westport shutting down was compounded by the ninth reported case of the coronavirus in a Jefferson County resident, which was reported Tuesday by county Health Officer Tom Locke. It was the ...

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Vale Idles Malaysia Port, Declares Aid for Suppliers in Brazil

Vale S.A VALE recently decided to temporarily halt iron ore shipments to its Malaysian terminal and distribution center, TelukRubiah Maritime Terminal (TRMT), effective Mar 24. This is likely to lead to 500,000 tons in lost shipments over first-quarter 2020. The terminal shipped 23.7 Mt of iron ore in 2019. Vessels heading to TRMT will be redirected and redistributed among Vale’s blending facilities in China. While there is no expected impact on production and sales volume in 2020, the idling of the terminal till Mar 31, 2020 is likely to impact ...

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