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Visakha Container Terminal – J M Baxi Ports & Logistics Sets New Records with Longest Vessels Handled

Visakha Container Terminal (VCTPL) of J M Baxi Ports & Logistics has achieved a historic milestone by handling the two longest vessels ever to berth at any Indian port on the East Coast. This achievement highlights Visakha Container Terminal’s capacity to manage mega vessels, reinforcing its commitment to expanding capabilities and enhancing operational efficiency. M.V. MSC Teresa On May 3, 2024, Visakha Container Terminal welcomed the M.V. MSC TERESA, measuring 365.5 meters in length overall (LOA) with a TEU capacity of 14,604 and a beam of 51.2 meters. With a ...

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Drewry Port Equity Index declines 2.3%

For the week ending on 31 May 2024, the Drewry Port Equity Index (DPEI) saw a decrease of 2.3% compared to the previous week, underperforming the S&P 500, which experienced a smaller decline of 0.5%. During the same period, Global Terminal Operators (GTOs) declined by 3.1%, and Regional Terminal Operators (RTOs) fell by 0.8%. Year-to-date (YTD), the DPEI has increased by 11.2%, as GTOs have risen17.0%, and RTOs have grown 2.1%, compared to the broader S&P 500’s gain of 10.6% Drewry Container Shipping Equity Index increases 1.3% During the week ...

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DP World Targets 40% Rail Freight Share At Southampton In 2026

DP World is encouraging freight owners to transport their goods by rail from Southampton, taking thousands of trucks off the UK’s roads, targeting a 40% rail freight share in 2026. The Modal Shift Programme at Southampton, which is being extended until the end of next year, encourages freight owners to move their containers import-laden containers via rail to a railhead within 140 miles of the logistics hub instead of using trucks. The share of rail freight at Southampton has reached 30% since the programme’s launch in September 2023, up from ...

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Port Of Tanjung Pelepas Sets Record Throughput Without Congestion, Leads As Top Transshipment Hub

Port of Tanjung Pelepas (PTP), a joint venture between Malaysia-based MMC Group and Netherlands-based APM Terminals, achieved a new milestone by handling a record 1,077,747 twenty-foot equivalent units (TEUs) in a single month. This achievement, accomplished without any congestion, reinforces PTP’s position as Malaysia’s busiest and largest transshipment hub. In 2022, PTP made history as the first container terminal in Malaysia to surpass 1 million TEUs in a month, setting a record of 1,001,819 TEUs at that time. Speaking on the achievement, Tan Sri Che Khalib Mohamad Noh, PTP Chairman, ...

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HOT PORT NEWS from GAC

Submarine cable system trenching, rocksaw & cable laying along East Johor Strait 04 Jun 2024, Singapore From 21 June to 7 October, SJC2 submarine cable system trenching, rocksaw & cable laying operations will be conducted along East Johor Strait. READ MORE Oil and chemical spill response equipment and vessel rates 04 Jun 2024, Singapore Revision made to the charges applicable for the use of oil and chemical spill response and anti-pollution services. READ MORE 1st phase of Southern Canal Dock dredging works completed 04 Jun 2024, Antwerp-Bruges, Belgium The Port ...

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Panama Canal increases vessel draft to 45 feet ahead of schedule and before rainy season arrives

The Panama Canal has issued an Advisory to Shipping Lines stating that, effective today, it will increase the maximum authorized draft to 45 feet. This adjustment, originally scheduled to take effect on June 15, is being implemented earlier due to the expected onset of the rainy season in the Panama Canal Watershed and the current and projected levels of Gatun Lake over the coming weeks. As of May 16, the number of daily transits in the Panamax locks increased from 17 to 24, and starting June 1, the number of ...

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Qatar ports see brisk movement of cargoes, containers, RORO and livestock in May

Qatar’s maritime sector saw brisk business year-on-year this May with more vessels calling on Hamad, Doha and Al Ruwais ports, leading to higher cargoes, container handling, vehicles (RORO) and livestock through the three ports, according to the official data. The positive momentum in the ports reflects the optimistic outlook, especially for the country’s non-energy private sector, as indicated by the latest purchasing managers’ index of the Qatar Financial Centre. The number of ships calling on Qatar’s three ports stood at 242 in May 2024, which saw 6.61% and 26.04% increase ...

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Adani Ports handles 35.8 MMT cargo volumes in May’24

Adani Ports & Special Economic Zone announced that in month of May 2024, the company handled ~35.8 MMT of cargo volumes, which is almost flat YoY. Due to shutdown of the Gangavaram Port, APSEZ lost around 6 MMT of cargo volumes in April & May’24. The company said, “However, with the operations now restarted, we are confident of recovering these lost volumes in the coming months.” The company’s flagship port Mundra recorded a key milestone of handling 17.6 MMT of cargo in May’24, which is the highest ever monthly volume ...

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Kuwait Ports Authority achieves historic revenue and profit growth

The Kuwait Ports Authority announced a historic leap in its revenues and profits for the 2023/2024 fiscal year, which reflects a qualitative shift that has occurred in the authority in terms of operating and controlling its expenses with high efficiency during the last period. It confirmed the completion of its final accounts for the year 2023/2024, achieving the highest revenues and net profits since its founding in 1977. The Director General of the Kuwait Ports Authority Nasser Al-Shulaimi explained that the authority’s profits had risen to more than KD 59.839 ...

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KEZAD Group signs lease agreement with NMDC Energy for AED 367m manufacturing facility in Abu Dhabi

Khalifa Economic Zones Abu Dhabi – KEZAD Group, the largest operator of integrated and purpose-built economic zones, and NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), today signed an agreement for the establishment of a new manufacturing facility in KEZAD. The 50-year lease agreement signed at the Make It In The Emirates Forum 2024, will see NMDC Energy invest AED 367 million ($100 million) in a 224,000 sqm facility in KEZAD, designated for modular fabrication. The project will offer several strategic benefits to the regional oil and gas ...

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PortXchange Announced as Sponsor of ESPO Award 2024

To demonstrate its ongoing commitment to sustainability and innovation, PortXchange will sponsor the prestigious ESPO Award 2024. As one of only three sponsors for this year’s event, PortXchange is keen to help the European Sea Ports Organisation (ESPO) recognize and celebrate excellence in port projects focused on the circular economy. The ESPO Award, now in its 16th year, highlights port strategies that foster circular economy practices benefiting cities and surrounding communities. This year’s theme aligns perfectly with PortXchange’s mission to drive environmental sustainability through data-driven insights and technological advancements. In ...

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Singapore port operator boosting handling capacity to deal with port congestion

Port operator PSA Singapore is boosting its manpower and container handling capacity amid shipping delays caused by port congestion. PSA has reactivated older berths and yards at Keppel Terminal which were previously decanted, increasing the number of containers handled weekly from 770,000 twenty-foot equivalent units (TEUs) to 820,000 TEUs. Three new berths are also slated to start operations in Tuas Port later in 2024, said the Maritime and Port Authority of Singapore (MPA) in a May 30 statement. The Tuas Port currently has eight berths. The MPA statement comes as ...

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Realising East African growth potential by closing the infrastructure gap

Avocados from Kenya are the perfect example of how fast an export market can develop, given the right circumstances. According to the Agricultural Outlook report from the Food and Agriculture Organisation of the UN, production of avocados doubled between 2016 to 2021. The rise of this popular fruit and the industry around it shows just how much integrated logistics and local businesses can develop together. I will come back to that shortly. As a logistics partner and port operator, we have identified a huge potential for East African trade. Right ...

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Georgia Ports auto volumes up 44 percent in April

In its busiest month ever for autos and heavy equipment, the Georgia Ports Authority handled a record 80,600 units of Roll-on/Roll-off cargo in April, an increase of more than 44 percent, or 24,760 units, compared to the same month last year, according to a report to the GPA Board. Also at the May 21 meeting, Board members re-elected Chairman Kent Fountain, Vice Chairman Alec Poitevint and Secretary-Treasurer Chris Womack to a second term in those positions. The officers were first elected in 2023. Their new terms start July 1. “I ...

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Railway traffic in Russia’s far east resumes after derailment is cleared

Traffic along a rail route in Russia’s far eastern Amur region was restored on Saturday, a day after being halted by the derailment of 29 railcars loaded with coal, the railway in the region said. The railway said that around 200 metres of damaged rails had been repaired. Passenger trains, including on the route of the one-week Trans-Siberian journey from Moscow to Vladivostok, were again moving after delays of up to 8 hours, it said. Source: Reuters (Reporting by Vladimir Soldatkin, Editing by Peter Graff)

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