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American Midstream Enters Definitive Agreement to Sell Marine Products Terminals; Executing on Capital Allocation Strategy and Deleveraging Plan

American Midstream Partners, LP announced it has entered into a definitive agreement for the sale of its marine products terminalling business (the “Marine Products Terminals”) to institutional investors advised by J.P. Morgan Asset Management, for approximately $210 million in cash, subject to working capital adjustments. The transaction is expected to close in the third quarter of 2018. The divestiture of the Marine Products Terminals, including the Harvey and Westwego terminals located in the Port of New Orleans and the Brunswick terminal located in the Port of Brunswick in Georgia, is ...

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Curacao refinery runs slow as PDVSA port backlog starts to ease

The 335,000-barrel-per-day Isla refinery operated by Venezuela’s state-run PDVSA in Curacao is working at minimum capacity while awaiting new crude shipments and as a tanker backlog in the country’s ports began to ease, four sources close to the facility told Reuters. PDVSA’s operations this year have been mired by problems ranging from fast-declining crude production and poor refining due to a lack of equipment, to obstacles for exporting oil amid port congestion and financial sanctions. Only a few units at the Curacao refinery have been operating during U.S. producer ConocoPhillips’ ...

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Port seeks to double rail volume with Railport Antwerpen

Railport Antwerp, a joint initiative by Antwerp Port Authority, the Left Bank Development Corporation and the industry associations Essenscia Vlaanderen and VOKA-Alfaport, is to expand its activities. The company will actively serve rail transport in the port, including intermodal container transport, with the aim of doubling the proportion of rail transport in the port of Antwerp over the next few years. An important step in this process is the appointment of Nils van Vliet as CEO. Expansion of activities Railport was set up in 2013 with the aim of taking ...

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Queue at Australian PWCS coal terminals falls on week to 11 vessels

Port Waratah Coal Services’ two terminals at Newcastle port in eastern Australia had 11 ships waiting offshore Sunday, compared to 14 a week ago, the Hunter Valley Coal Chain Coordinator said in its weekly report Monday. The queue was expected to amount to 14 ships at the end of the month, and fewer than five by the end of July, HVCCC said. A total of 2.34 million mt of coal was shipped out of the PWCS terminals in the week ended Sunday, down 295,900 mt from a week earlier. Month-to-date ...

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British Ports Association comments on new report on Northern ‘Free Ports’ strategy proposal

The British Ports Association has welcomed the renewed focus on role that ports play in regional and national UK economies in a new report on ‘Supercharged Free Ports’ published yesterday. The report highlights the opportunities of ‘super charging’ free ports to include enterprise stimulus. This is similar to the Association’s ‘port zoning’ proposals, which could include enterprise, planning and consenting advantages for UK ports of all type and location. The British Ports Association’s Chief Executive, Richard Ballantyne said: “We welcome the discussion about ports which shows how central they are ...

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Myanmar Port Authority to accept a new Tug Boat

A new Tug Boat constructed by Myanmar Shipyards Joint Venture Company will be transferred to Myanmar Port Authority according to Myanmar Port Authority. “The boat has been constructed and it is now on a test run. Soon, we’ll be transferring it to the Myanmar Port Authority,” said an unnamed official from Myanmar Shipyards Joint Venture Company. When international vessels enter Myanmar’s port, they have to enter and exit at the Yangon’s sea mouth which is 64 Kilometers from Yangon Port. Chief Navigators from Myanmar Port Authority have to lead these ...

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2 new giant cranes seen to improve ops at Manila Intl Container Terminal

Operations at the Manila International Container Terminal are set to be fast-tracked soon following the delivery of two new giant cranes, according to the Philippine Ports Authority (PPA). A report on GMA News’ “Balitanghali” on Sunday said that each crane is capable of unloading as much as 14,000 container units from a ship. Eight more rubber tire gantry cranes are expected to arrive in November, and two more quay cranes are set to arrive next year. Source: GMA News

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Ennore port expansion gets green nod

In a contentious move, an expert appraisal committee (EAC) of the Union Ministry of Environment and Forests has recommended granting of Environmental Clearance and CRZ clearance for the Phase-III expansion of the Kamarajar Port Ltd (KPL) in Ennore. In a meeting last month, the EAC had recommended the clearance based on the draft Coastal Zone Management Plan (CZMP) 2018. However, environmental activists termed it illegal as a writ petition against the draft CZMP was pending in the Madras High Court. ‘Map not notified’ Also, they said that a project cannot ...

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Attacks On Vessels Place Nigerian Ports At Risk

Frequent attacks on vessels at berth have raised great concerns about security at Nigerian ports amid rising cost of freight. YUSUF BABALOLA writes. In the last two weeks, Nigerian ports have been under attack from hoodlums who are taking advantage of the insecurity to strike on vessels at berth. Random attacks were reported in the Lagos Port complex, Apapa, Tin-Can island ports and the Port Harcourt port in Rivers State. Before now, attacks at berth are not reported at the port especially since the successful port reform of 2006 that ...

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Port of Cork commences €80m Cork Container Terminal development in Ringaskiddy

The Port of Cork marked a major milestone for the company today with the launch of the new Cork Container Terminal development in Ringaskiddy. The Cork Container Terminal will initially offer a 360-metre quay with 13-metre depth alongside and will enable larger ships to berth in Ringaskiddy. The development also includes the construction of a 13.5 hectare terminal and associated buildings as well as two ship to shore gantry cranes and container handling equipment. The requirement for the development of new container handling facilities at Ringaskiddy was identified in the ...

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Krishnapatnam Port introduces latest ‘Container Scanner Technology’

Krishnapatnam Port Company Limited (KPCL), the country’s largest all-weather; deep water port, on the east-coast of India, in an industry first initiative, announced the installation of ‘Rapiscan Eagle P 60 (“Eagle P60’)’ a drive through X Ray Container Scanner & Radiation Portal Monitors. Besides increasing security and safety of the port, the container scanner will radically enhance the terminal’s overall performance whilst reducing the service time. Offering seamless movement of containers, the drive through container scanner at Krishnapatnam Port will enable it to increase the volume of handling import containers ...

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Refreshed [email protected] Campaign To Promote A Safety-First Culture At Sea

A refreshed [email protected] Singapore Campaign was unveiled today by Chief Executive of the Maritime and Port Authority of Singapore (MPA), Mr Andrew Tan, at the launch of the 5th International [email protected] Week at Marina South Pier. To improve the safety of passengers on MPA-licensed regional ferries, MPA will also co-fund the upgrading of lifejackets and receptacles on board MPA-licensed regional passenger ferries. Refreshed [email protected] Singapore Campaign The [email protected] Singapore Campaign is an industry-wide effort to increase awareness of safe practices and inculcate a safety-first culture at sea. This year’s campaign ...

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Bunkering operations at Osaka port not affected by Monday’s quake

There was no impact as yet on bunkering operations at Osaka following the strong earthquake that hit the western coast of Japan early on Monday morning, industry sources said. Northern Osaka was rocked by a 5.9 magnitude earthquake at 7:58 am Monday (2258 GMT Sunday) that struck at a depth of about 10 km, the Japan Meteorological Agency said, adding that no tsunami warning was issued. “Currently, the impact of the earthquake on bunkering is very limited as JXTG Sakai has already restarted cargo loadings and barges can operate normally,” ...

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HOT PORT NEWS from GAC

Reconstruction of light beacon off Tsim Bei Tsui, Deep Bay Monday, June 18, 2018, Hong Kong

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Traffic growth in Dutch ports driven by container sector

In 2017, the total volume of transhipments at Dutch seaports increased by over 1 percent to 595 million tonnes. Last year’s growth in maritime traffic was driven by the container sector. Throughput of liquid bulk (e.g. crude oil and petroleum products) decreased by 3 percent. Throughput of dry bulk (coal, iron ore) remained more or less stable. Statistics Netherlands (CBS) reports this based on new figures. In the period 2011-2016, container handling grew slightly, by 1 percent. Last year, incoming and outgoing container shipments increased substantially by 13 percent; nearly ...

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