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GPA off to accelerated start in new fiscal year

The Georgia Ports Authority kicked off its new fiscal year with the fastest start ever, handling 530,800 twenty-foot equivalent container units in July, an increase of 18 percent. Since January, GPA has moved 3.4 million TEUs, up 231,400 or 7 percent over its performance during the same period in 2021 – a record year in which GPA handled 5.6 million TEUs. Annualized, the July volumes have the Port of Savannah moving containers at a rate of more than 6 million TEUs per year. “The Port of Savannah has clearly become ...

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Port Tracker: Imports Slowing in Second Half of the Year But 2022 Should See Gain Over 2021

After a record-setting spring, imports at the nation’s major container ports are expected to slow significantly for the remainder of the year but 2022 should still see a net gain over 2021, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retail sales are still growing, but the economy is slowing down and that is reflected in cargo imports,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “Lower volumes may help ease congestion at some ports, but ...

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Ivory Coast 2021/22 cocoa arrivals seen at 2.034 mln T by August 7

Cocoa arrivals at ports in top grower Ivory Coast had reached 2.034 million tonnes by August 7 since the start of the season on Oct. 1, down 3.6% from the same period last season, exporters estimated on Tuesday. About 4,000 tonnes of beans were delivered to Abidjan port and 7,000 tonnes to San Pedro between August 1st and 7th for a total of 11,000 tonnes, up from 10,000 tonnes in the same week the previous season. Source: Reuters (Reporting by Ange Aboa; Editing by Nellie Peyton)

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About 15m tons of goods loaded, unloaded in Imam Khomeini port in 4 months

About 15 million tons of oil and non-oil commodities were loaded and unloaded in Imam Khomeini port, in the southwestern Khuzestan province, during the first four months of the current Iranian calendar year (March 21-July 22), according to a provincial official. Behrouz Aqaei, the director-general of Ports and Maritime Department of Khuzestan province, said that during this period, 4.74 million tons of basic goods were also loaded and sent to domestic consumption destinations. He put the amount of loaded and unloaded non-oil products at 8.783 million tons and that of ...

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Major Abu Dhabi Conference Offers ‘Opportunity to Reshape World Food System,’ say Attendees

The World Union of Wholesale Markets (WUWM) Conference 2022, which will be held in the Middle East for the first time in October, offers an important opportunity to reshape global food systems, according to organisers and attendees. The conference will take place at a time when the UN General Assembly has warned of rising hunger and malnutrition in the world, with factors including the COVID-19 pandemic, climate change and international conflicts resulting in nearly a billion people going hungry in 2021. As the world’s largest network of wholesale markets, WUWM ...

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Brooge Energy Ltd. Oil Storage Terminal Infrastructure Proves Outstanding Against Unprecedented Floods in Fujairah

Brooge Energy Ltd, (“Brooge Energy” or the “Company”), a Cayman Islands-based infrastructure provider, which is currently engaged in clean petroleum products and biofuels and crude oil storage plus related services, in addition to the planned expansion of its infrastructure into green hydrogen and green ammonia productions, today announced that the floods in the Port of Fujairah did not affect its facilities and they are secure. Brooge Energy’s strong management team and technologically advanced infrastructure has secured the oil storage facilities, which are proving to be one of the highest technologically ...

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HOT PORT NEWS from GAC

Hong Kong issues No 3 typhoon warning signal 09 Aug 2022, Hong Kong Strong wind signal no. 3 is in force in Hong Kong. The alert was upgraded at 11:25 AM from signal no. 1, meaning winds with speeds of 41 km/hr to 62 km/hr are expected. Read more » Source: GAC

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Exports to see freight cost hike both ways

When all major economic indicators flash red, export stands out. But exporters now fear gloomy days after the sudden jump in fuel prices. Apparel entrepreneurs said they were already struggling to absorb Covid fallout, spiked freight costs, rising US Dollar and a fall in orders lately. The recent fuel hike will now cause “existential challenge” to them. Transport costs will jump both ways – bringing in imported raw materials to the factories from Chattogram port and sending the exporting items to the port again. For example, carrying 12 tonnes of ...

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Scottishpower Vision For Green Hydrogen Fuels Hub At Port Of Felixstowe

ScottishPower, with Hutchison Ports, is exploring the opportunity to develop, build and operate a multi-hundred MW green hydrogen production facility at the Port of Felixstowe – with the potential to decarbonise industry and transportation in the region. Both companies have set out their vision to help create a greener port, which could provide clean fuel for customers at Britain’s busiest container port. Plans are being developed to use green hydrogen for onshore purposes, such as road, rail and industrial use, with the potential to create liquid forms, such as green ...

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Persistent container ship congestion in North Sea affects EU-Asia trade

The congestion of container ships off German ports at the North Sea worsened, affecting the European Union’s (EU’s) trade with Asia, the German Kiel Institute for the World Economy (IfW Kiel) said. As a result, cargo volumes in the Red Sea, the main trade route between the EU and Asia, were currently 21 percent lower “than would be expected under normal circumstances,” IfW Kiel said. “The gap is largely due to failing cargo from Europe to Asia.” Two dozen container ships were waiting for clearance at the ports of Hamburg ...

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NPA may grant 30% tariff relief on shipments to eastern ports

The Nigerian Ports Authority (NPA) has indicated its intention to increase tariff relief by as much as 30 percent for service providers, as part of a multi-pronged approach to attract more vessel and cargo traffic to the Eastern ports. NPA’s Managing Director, Mohammed Bello Koko, disclosed this while addressing a stakeholders’ forum on an assessment tour of facilities in Port Harcourt and Onne Ports, in company of his Management Team and other senior NPA officers. He explained that the proposed move is being considered having observed that a similar concession ...

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APSEZ announces Q1 FY23 results: Record Cargo Volumes and EBITDA

Adani Ports and Special Economic Zone Ltd (“APSEZ”), the largest transport utility in India, today announced its results for the first quarter of FY2023. “Q1 FY23 has been the strongest quarter in APSEZ’s history, with a record cargo volume and highest ever quarterly EBITDA. This is a 11% jump on a robust performance in the corresponding quarter last year that witnessed the post-Covid demand surge,” said Mr Karan Adani, CEO and Whole Time Director of Adani Ports and Special Economic Zone. “The company continued this strong performance in July and ...

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Another 4 vessels carrying corn, sunflower products leave Ukraine’s deep sea ports

A second convoy of four vessels sailed from Ukraine’s deep sea ports Aug. 7, following the first convoy on Aug. 5, showing the feasibility of the “humanitarian maritime corridor” for food exports and further easing global supply disruptions for corn, wheat and sunflower derivatives. The United Nations and Turkey brokered a deal in July to resume shipment of grains and oilseeds out of the Black Sea through a “humanitarian maritime corridor”, via shipping lanes which had been halted for more than five months following Russia’s invasion of Ukraine in February. ...

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HOT PORT NEWS from GAC

Vessels from Ukraine transiting Bosphorus Straits 08 Aug 2022, Bosphorus Straits, Turkey Vessels coming from Ukraine to transit the Bosphorus Straits required to drop anchor on northern side of the Straits Read more » Modification of transit reservation (booking) system in the Panamax Locks 08 Aug 2022, Panama Canal, Panama The Panama Canal Authority (ACP) announces the following changes to the procedures regarding the slot’s allocation for Supers (vessels 91 ft. in beam or over) in the Panamax Locks, effective 1 September 2022. Read more » Source: GAC

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AD Ports Group and India’s Adani Ports to explore investment opportunities in Tanzania

AD Ports Group, the operator of industrial cities and free zones in Abu Dhabi, and India’s Adani Ports have signed a preliminary agreement to explore joint investment opportunities in Tanzania. The two companies will collaborate on potential end-to-end logistics infrastructure and solutions, which include services for rail, maritime, port operations, digital services and an industrial zone, AD Ports said in a statement on Thursday. The companies will also establish maritime academies in the East African country. AD Ports’ venture in Tanzania is part of the UAE government’s strategy to position ...

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