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Drewry: Global Container Port Throughput Up By 3.6% On the Year

The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 220 ports worldwide, representing over 75% of global volumes. The base point for the indices is January 2012 = 100. There was a positive start to the new year with a 2.1% (2.6 points) month-on-month and 3.6% (4.6 points) annual increase in the global container port throughput index in January 2018. The monthly increase was entirely attributable to the largest region (China) which outpaced all other regions ...

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Houston petrochemical fire put out after it re-ignites, had added to shipping woes

A petrochemical fire was quickly put out after it had re-ignited Friday at a fuel storage facility outside Houston, which had compounded the danger from a containment wall breach earlier in the day that spilled chemicals and halted ship traffic in the nation’s busiest oil port. The fire in multiple giant tanks of fuel at Mitsui & Co.’s Intercontinental Terminals facility in Deer Park, Texas, was put out by emergency workers at the scene about an hour after it began. But lingering smoke and leaking toxic chemicals prompted the U.S. ...

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Sea Container Counts Confirm Slowing U.S. and Global Economies

Every week, I have been forecasting a slowing economy based on the significant decline in rail movements. This week I add sea containers and truck transport to the list. Transport overall is strongly suggesting the economy is slowing. The February year-over-year import/export container count growth was significantly weaker than last month, and year-over-year and year-to-date growth is now in contraction. This container analysis is based on the Ports of LA and Long Beach which account for much (approximately 40%) of the container movement into and out of the United States ...

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ARA stocks fall 13% on week as Saudi air-conditioning demand emerges

Fuel oil stocks in the Amsterdam-Rotterdam-Antwerp hub dropped by 13% on week to 775,000 mt in the week to Wednesday, according to data from PJK International, as air-conditioning demand in the Middle East began to pull barrels from Northwest Europe. The Aframax Serene Sea departed Rotterdam Tuesday morning carrying about 80,000 mt of fuel oil destined for discharge in Port Said, Egypt. Market players pointed towards a stronger HSFO market as Saudi Arabian demand for power to drive air-conditioning starts to surface ahead of the hot summer months which typically ...

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Dubai-based P&O Ports offers 8 mln euro for Serbian river port operator Luka Novi Sad

Dubai-based P&O Ports has placed a 7.99 million euro ($9.1 million) offer in a tender for the sale of Serbia’s Luka Novi Sad, the state-owned company operating the Danube river port of Novi Sad, a Serbian economy ministry official said. “P&O Ports offers 7,988,389 euro,” the official said in a video file posted on the website of news agency Tanjug during the opening of the financial offer of the UAE-based company. Earlier this week, the Serbian ministry of economy said P&O Ports placed a valid offer in the tender for ...

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PCC approves hike in ICTSI stake in North Harbour Port

The Philippine Competition Commission (PCC) has approved the acquisition by International Container Terminal Services, Inc. (ICTSI) of additional shares in Manila North Harbour Port, Inc. (MNHPI) from Harbour Centre Port Terminal, Inc. (HCPTI). ICTSI operates the Manila International Container Terminal (MICT) while MNHPI operates the Manila North Harbour Port Terminal (North Harbour). MNHPI’s largest shareholders are San Miguel Holdings Corporation and ICTSI, which have stakes of 43.33 percent and 34.83 percent, respectively. ICTSI proposed to acquire an additional 15.17 percent shares in MNHPI to increase its shareholding to 50 percent ...

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Ports deals with climate worries

PNG Ports Corporation Ltd is increasing and improving capacity of its infrastructure nationwide to cater for the adverse impacts of climate change, an official says. Vagi Eoima, the corporation’s chief infrastructure officer, said this during a workshop on building resilience to climate change in the country. It was held in Port Moresby on Tuesday. Eoima said building ports came with huge financial costs. He said PNG Ports Corporation, as a company and Papua New Guinea as a country, could not afford to spend huge sums of money on infrastructure which ...

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Gothenburg Port Authority Sustainability Report For 2018 Now Available

During 2018 Gothenburg Port Authority continued in its endeavour to promote long-term sustainable development. “Sustainable Port”, the company’s annual Sustainability Report, has now been published. The report contains a comprehensive account of the work that has been done in this key area during the past year. Gothenburg Port Authority has made an active, long-term commitment to mitigating environmental impact, not only within the company but also through collaboration with other bodies and organisations in and around the port. The Port Authority is a climate-neutral company, and one of its core ...

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V.O.C Port Trust woos importers, exporters of bulk cargo

In order to woo importers and exporters of bulk cargo and mainline vessel operators, the held meetings with various stakeholders in Mumbai and Chennai recently. Major importers and exporters handling coal, limestone, cement, petroleum products, edible oil, sugar, fertilizer, windmill blades and other general cargo participated in an interactive session held in Chennai, while a host of country heads of major container shipping lines participated during a network meeting in Mumbai. The traders were informed of the revision in scale of rates such as removal of anchorage fees, voyage cancellation ...

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Automated LΑ Trucks Delayed After Protest

The Los Angeles Board of Harbor Commissioners has voted to postpone a construction permit for APM Terminals’ driverless electric cargo trucks amidst backlash from Los Angeles union officials. Los Angeles union officials, representing around 12,000 dockworkers, are calling for APM Terminals to abandon its plan for the automated system over fears that increasing automation will see Port of Los Angeles jobs lost. Commissioners delayed the permit after an offer by Mayor Eric Garcetti to mediate the dispute, reported the Los Angeles Times. “The decision before the board may have far-reaching ...

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A tale of two projects: Mozambique LNG terminals echo global risks

Mozambique, one of the world’s poorest nations, is set to become a top global gas exporter thanks to two huge terminals about to be built in a northern province. The two liquefied natural gas (LNG) projects, by Anadarko and Exxon Mobil, will extract, liquefy and ship gas, found in such quantities offshore Mozambique that it amounts to a decade’s worth of European consumption. But the plans by the U.S. companies diverge in their financing, marketing and shipping strategies, reflecting uncertainties in a growth industry that has yet to achieve the ...

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Navis N4 TOS Selected to Enhance Terminal Operations & Support Customer-First Approach at North Carolina Ports

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, today announced that North Carolina Ports has selected the Navis N4 terminal operating system (TOS) to power its Wilmington and Morehead City port facilities and its inland terminal in Charlotte, NC. With combined annual TEUs of almost 400,000 and over four million tons of general cargo throughput while operating efficient water- and landside operations on the East Coast of the ...

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Cyclone Veronica forces closure of Western Australian iron ore ports

The iron ore exporting Port Hedland and Port Dampier in Western Australia have been cleared of commercial vessels in preparation of a severe tropical cyclone, which is expected to make landfall in the region on Sunday, the Pilbara Ports Authority said Friday. “As of 12 pm (AWST) severe tropical cyclone Veronica was located north-northwest of Port Hedland. The system is forecast to generally track in a southerly direction towards the Pilbara coast and is currently expected to make landfall between Karratha and Port Hedland on Sunday,” it said. “All ports ...

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HOT PORT NEWS from GAC

Port development to boost cruise service Friday, March 22, 2019, Benoa, Indonesia

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China MOU Could Create Market Distortion

As Italy prepares to be the first G7 country to sign a Belt and Road initiative MOU with China, a port analyst has questioned whether Chinese investment will distort the ports market. The MOU has sparked unease from the US, currently engaged in a heated trade war with the country, and Europe, about the potential growth in China’s business influence. Considering the implications for port specifically, Drewry’s Neil Davidson said that investment in transport infrastructure would improve the competitiveness of the Italian ports concerned but this would depend on which ...

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