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Millions of Barrels of Iranian Oil Are Piled Up in China’s Ports

Tankers are offloading millions of barrels of Iranian oil into storage tanks at Chinese ports, creating a hoard of crude sitting on the doorstep of the world’s biggest buyer. Two and a half months after the White House banned the purchase of Iran’s oil, the nation’s crude is continuing to be sent to China where it’s being put into what’s known as “bonded storage,” say people familiar with operations at several Chinese ports. This supply doesn’t cross local customs or show up in the nation’s import data, and isn’t necessarily ...

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APM Terminals Maasvlakte II increases rail service to major inland logistics hub

APM Terminals Maasvlakte II’s new rail service between its Rotterdam terminal and Venlo, a key logistics hub on the Dutch-German border is proving popular. Following the success of the initial five-times-per-week service, plans are already in place to scale this up to 14 times per week over the coming weeks. Venlo, a key logistics hotspot, was identified as an opportunity for the terminal following a gravity analysis involving key customers. A gravity analysis simplifies the paths taken by cargo through the terminal, and helps identify opportunities to improve efficiency in ...

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Chinese companies invest Dh602b in KIZAD

The China-UAE Industrial Capacity Cooperation Demonstration Zone Project, established in the Khalifa Industrial Zone Abu Dhabi (KIZAD) with Jiangsu Provincial Overseas Cooperation and Investment Company (JOCIC) has attracted more than 20 Chinese companies since it was officially launched last year with investments of more than Dh6.2 billion. JOCIC plays an important role in attracting more Chinese companies to set up business in Khalifa Industrial Zone. The company is developing a 2.2 sq km manufacturing area with a potential to expand to 12.2 sq km in the future, based on a ...

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Sabah to gain from Makassar Straits shipping

Sabah is in a prime position to gain from international shipping using Makassar Straits, especially the POIC Port at Lahad Datu, according to Minister of International Trade and Industry, Datuk Darell Leiking. “The future is the Makassar Straits,” he said, adding that the New Zealanders were not very aware of this fact, unlike the Australians, that saw on average some 49 ships of the main line operators (MLO) passing the passage way between Sabah’s East Coast and Indonesia’s Sulawesi (Celebes) every month. With the future prospect of the opening of ...

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Tritium and Stäubli to install largest automated electric vehicle charging system at Port of Long Beach

Tritium, a world leader in electric vehicle (EV) DC fast-charging technology, and Stäubli Electrical Connectors, an industry leader in high-quality connectors, today announced they have signed an agreement with SSA Marine to supply and install 33 of its DC High Power Chargers at the Port of Long Beach. The chargers will be used to power SSA Marine’s new fleet of electric-drive terminal tractors. The project represents the largest automated vehicle charging program at any port in the United States. Tritium’s Veefil-PK 175kW DC High Power Chargers (HPCs) will be equipped ...

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Arrival of bridges for Theemswegtracé

On Monday morning 22 July, the first parts of a steel arch bridge arrived at the Rozenburg lock on pontoons. The other parts of this bridge will arrive later in July. At the location next to the lock, these bridge sections will be built into an arched bridge, with a single span of 172.8 m. The total length of the bridge is 176.8 m. The bridge is intended for the Theemswegtracé. There will be a total of two arched bridges in this section. In August, parts of the second steel ...

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HOT PORT NEWS from GAC

Overstay penalty costs increased Monday, July 22, 2019, Indonesia

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Portugal plans to invest 547 mln euros in Port of Sines

The Portuguese government announced an investment of 547 million euros in the expansion of the Port of Sines in the southwest of the country and an agreement to extend its concession from 2029 to 2049. The agreement was reached last week between Portugal and PSA Singapore for the completion of the 3rd phase of expansion of Terminal XXI, so as to greatly increase its capacity and give another 20 years of operations in Portugal to PSA Singapore. The Sines port, 58 nautical miles south of Lisbon, is one of the ...

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Shape up or ship out: Africa’s ports threatened by cleaner fuel targets

In just six months the world’s cargo shipping fleet will have to switch to cleaner burning fuel, and ports globally are preparing for the change. In January the International Maritime Organization (IMO) will implement a new benchmark for the bunker fuel that the vast majority of ships use to power themselves across the oceans. Sulphur found in ship emissions must be slashed from the 3.5 per cent global limit currently in place to half a per cent. Ships are a major source of greenhouse gas emissions. Just how major is ...

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UAE shipping business as usual

It’s business as usual for port operators and shipping companies in the UAE as oil tankers and cargo ships sailed through Arabian Gulf waters peacefully despite growing US-Iran tension in the region. Analysts, shipping experts and leading industry players called for diplomatic efforts to defuse the tension in the wake of recent attacks on oil tankers in the Gulf of Oman that pushed insurance premiums and tanker rates to record highs despite a stable outlook for the global shipping sector in 2020. Khaleej Times has learnt that shipping lines and ...

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Delhi mulls giving Bangladesh access to ports on west coast

At a time when Nepal is bracing for a multi-billion dollar bill for rail connectivity to Chinese ports located over 4,000 km away, India is discussing the possibility of giving Bangladesh access to the west coast ports ofl JNPT or Mundra, which can receive large mother vessels and are located a little over 2,000 km away from Dhaka. The connectivity will come at no extra cost, as a series of India-sponsored rail-link projects are under implementation between India and Bangladesh. And, Dhaka is building a bridge over the Padma river. ...

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Rotterdam: Special tank transport in the port

A remarkable transport by water in the port of Rotterdam: six tanks were transported this week by floating sheerlegs from the production hall where they were built to the terminal where they will soon be used for the storage of biofuels. Watch the video for an impression. A thirty meter high tank hanging in the ridge of a floating sheerlegs. It was not an everyday sight, last Thursday and Friday on the water of the Nieuwe Waterweg. On these days, a total of six tanks travelled the route from tank ...

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Tanzania: Dar Port Cargo Handling Volume Steadily Rises

The volume of cargo handled at the Dar es Salaam port grew by 2.3 per cent to 3 .9 million tonnes in the quarter ending March compared to 3.8 million tonnes registered in the corresponding quarter 2018. According to the Consolidated Zonal Economic Performance Report issued by the Bank of Tanzania (BoT) for the quarter ending March the Dar es Salaam port accounts for 9 7 per cent of the total cargo handled by Tanzania Port Authority’s main seaports. “This performance was mostly associated with streamlining and easing of documentation ...

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Kolkata Port Trust aims 70 MT cargo handling in FY20

Kolkata Port Trust (KoPT) is aiming at 10 percent growth in cargo handling to 70 million tonne (MT) in the current fiscal, amid constraints faced by the riverine port in the eastern part of the country, its chairman Vinit Kumar said. In 2018-19, the port handled about 63 million tonne of cargo in its two docks of Kolkata and Haldia, registering nine percent growth over the previous fiscal. “We have set a target of 70 million tonne of cargo handling in 2019-20 (FY20),” the KoPT chairman said at an informal ...

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Libya declares force majeure on Sharara crude loaded at Zawiya: NOC

Libya’s state-owned National Oil Corporation said Saturday it declared force majeure on Sharara crude loaded at Zawiya port due to an unlawful closure of a valve. NOC said 290,000 b/d of production at the Sharara oil field has been forced offline as the valve was closed by an unidentified group near Hamada and Zawiya. “Any local market fuel deficit as a result of the refinery feed stock shortfall will be offset by international fuel imports,” it said in a statement. “Production at the El Feel oil field near Sharara is ...

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