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West Africa Container Terminal makes further investment in equipment

In response to continued volume growth in the Eastern Nigerian market, the West Africa Container Terminal (WACT) located in Onne Port, has invested in two new Mobile Harbor Cranes. This is in addition to an investment of approximately USD2.5 million already made this year. The two Liebherr LHM 550 Mobile Harbor Cranes (MHCs) are due for deployment in July this year and will further boost the efficiency and cargo handling operation of the terminal, improving service delivery and reducing vessel waiting time. This year, WACT has already invested around USD2.5 ...

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Transit commitment aiming for growth: UTLC ERA shareholders set goal to ship 1 mln containers a year

Alexey Grom, President of the Joint stock company “United Transport and Logistics Company – Eurasian Rail Alliance” (UTLC ERA) has announced plans to increase container transit through Kazakhstan up to 1 million TEU a year in 2020–24. This will be made possible due to the digitalization and optimization of cargo transport on the 1520 mm railway gauge and the increase of freight traffic on China – Europe – China routes within the “One million club” initiative realized together with UTLC ERA shareholders, partners and customers. At the moment the company ...

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British ports talking up bulk and coastal shipping at Breakbulk Europe

With the breakbulk sector gathering in Bremen today at this year’s Breakbulk Europe, the British Ports Association has renewed calls for further consideration of coastal shipping opportunities and a greater focus on port connectivity schemes within the UK. Ports are vital components of the UK economy, acting as gateways for 95% of the UK’s international trade, as well as providing regional hubs for economic activity and employment. The UK’s transport network, which includes over 140 active cargo handling ports and terminals, facilitate the movement of significant volumes of freight. This ...

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SBITC acquires two new container handlers

Subic Bay International Terminal Corporation (SBITC) has procured two new additional empty handlers from Kalmar, an industry forerunner in terminal automation and energy-efficient container handling, as part of its efforts to boost port operations in 2019. SBITC said that the Kalmar empty container handlers will be used to directly support the latest offering of the terminal — the Empty Container Depot, which is ready to serve the region and the rest of Luzon’s growing need to move empty containers in and out of the country. “Our new containers are part ...

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‘Secret’ details of Newcastle container terminal in ACCC court case

The NSW government has taken legal action to stop confidential documents at the heart of the Newcastle container terminal controversy from being made public during a court case. The documents are part of a Federal Court case that the Australian Competition and Consumer Commission has taken against NSW Ports, operator of Port Botany and Port Kembla, over its part in a two-stage agreement that effectively stops Newcastle developing a container terminal. “We are alleging that making these agreements containing provisions which would effectively compensate Port Kembla and Port Botany if ...

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Japan, India And Sri Lanka To Develop Colombo

The governments of Japan, India and Sri Lanka have agreed to jointly develop the Port of Colombo to increase the port’s container volume and enhance marine transportation in and around South Asia. A memorandum of understanding (MOU) is expected to be signed by the three partners by summer and work will begin by next March, reported Nikkei Asian Review. Japan, India and Sri Lanka will develop the East container terminal, located at the south part of the Sri Lankan port, which has been newly expanded. They will deepen it and ...

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NPA targets revenue of N276 billion this year

Barring any unforeseen circumstances, the Nigerian Ports Authority (NPA), is targeting revenue of about N276.75 billion from its 2019 operations. The Managing Director, Nigerian Ports Authority (NPA), Hadiza Bala-Usman, who disclosed this during the 2019 budget defence before the House of Representatives Committee on Ports, Harbours and Waterways, said the net revenue from oil source is N255.69 billion. She further disclosed that the organisation’s total expenditure for the year is estimated at N229.91billion. This is made up of N110.71 billion for operating expenses; N52.13 billion for overhead costs; N58.8 billion ...

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Tanzania: Why Talks On Port Stalled

Talks on the proposed $10 billion Bagamoyo port have stalled because investors’ conditions were likely to deny Tanzania maximum benefit from the project, according to Tanzania Ports Authority (TPA) director general Deusdedit Kakoko. “The conditions include investors’ demand that they be allowed to set charges for cargo passing through the port. They also want tax exemption on various goods in addition to being compensated for any losses incurred during implementation of the project,” he told The Citizen in an interview. An initial agreement on the project was signed in 2013 ...

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Telensa to Provide Smart Outdoor Lighting Solution to One of the UK’s Major Ports

Telensa – one of the world’s leading providers of connected lighting and smart city data applications – based in Cambridge UK, has announced that its smart lighting controls are being deployed as part of the Port of Tyne’s LED lighting upgrade project. The Port of Tyne, in North East England, is one of the UK’s major ports – handling a diverse range of cargoes including containers, commodities, manufactured and retail goods, as well as supporting renewables and offshore services. Alongside the installation of Low Carbon Lighting (Raytec) LED lights, the ...

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The EY and Guardtime joint venture company signs agreement with China’s Zhuhai Port Holdings for future collaboration

The EY and Guardtime marine insurance blockchain joint venture company Insurwave Limited today announces a new agreement with Zhuhai Port Holdings Group Co., Ltd. to explore and collaborate on shipping logistics and marine insurance to promote frictionless trade across the Greater Bay Area and beyond. During the World Port Conference in Guangzhou, Karen Maddocks, British Consul-General in Guangzhou and Tenghui Chi, Director-General of the Financial Services Bureau for the Hengqin New Area of Zhuhai, attended as witnesses to the signing on May 8th 2019. Zhuhai Port Holdings Group businesses span ...

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HOT PORT NEWS from GAC

Updated maximum authorized draft for transiting vessels Wednesday, May 22, 2019, Panama Canal, Panama

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Trade War Update: Port Of Los Angeles No Longer Top ‘Port’ — It’s Laredo

The Port of Los Angeles is no longer the nation’s leading port, further evidence that the U.S.-China trade war is scrambling the deck chairs of U.S. trade. Laredo, a city of 260,000 hard on the U.S.-Mexico border, is. In the month of March, the latest U.S. Census Bureau data available, Port Laredo’s trade was $20.09 billion while trade through the Los Angeles port’s was $19.66 billion. Laredo’s trade was up 9.52% fromFebruary while the Port of Los Angeles’ trade was down 10.01%. Although it is just one month of trade, ...

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Savannah Grows Container Volume 8.7 Percent

The Board of Directors of the Georgia Ports Authority today elected William D. McKnight as chairman. “As an entrepreneur and business leader with more than 30 years in the construction industry, Will McKnight has the experience necessary to keep GPA at the forefront, delivering opportunity for growth to large and small businesses across the state,” said Georgia Gov. Brian Kemp. McKnight, who has served as vice chairman since 2018, will assume his new responsibilities July 1. “I’m excited to help lead the GPA at a time when Gov. Kemp has ...

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PSA, PFR And IFM Investors Jointly Acquire The Deepwater Container Terminal Gdańsk (Dct Gdańsk)

On 21 May 2019, following formal approval by the relevant competition authorities, PSA International Ptd Ltd (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF), advised by IFM Investors, have completed the transaction to jointly acquire DCT Gdańsk, the largest container terminal in Poland. DCT Gdańsk is one of the fastest growing container ports in Europe and the only terminal in the Baltic that can serve Ultra Large Container Vessels (ULCVs) with a capacity of up to 23,000 Twenty-Foot Equivalent Units (TEUs). Container volumes handled by ...

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Gulf Coast Ports Scramble To Meet Mushrooming Crude Export Demand

The rapid build-out of new and expanded pipeline capacity is now beginning to transport steadily-rising volumes of oil, natural gas and natural gas liquids from the Permian Basin to the Gulf Coast. These volumes of light, sweet crude already exceed the capacity of refiners to process the oil into gasoline and other products, and are now testing the capacity of the coastal port system to accommodate demand for crude exports. The U.S. Energy Information Administration (EIA) reported that crude exports for the week ending May 10 surged back over 3.3 ...

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