Category Archives: Port News

HPH Trust first half profit up 16pc to US$119.6 million, revenues up 2pc

SINGAPORE-listed global port operator, HPH Trust, has posted a first half year-on-year 16 per cent increase in net profit of HK$927.3 million (US$119.6 million), drawn on revenues of HK$6 billion, up two per cent. The company said that cargo to … Continue reading

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Kamarajar Port draws up expansion plan

Kamarajar Port Ltd. (KPL), formerly Ennore Port, has chalked out a Rs.20-crore expansion plan to facilitate increased export of cars. As a new entrant, KPL is facing competition from the Chennai Port Trust, which exports about 3 lakh cars annually … Continue reading

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Port of Houston improvements expected to bring $35 million a year to economy

Dredging has started to deepen the Port Of Houston Authority’s container terminal channels from 40 feet to 45 feet, matching the depth of the Houston Ship Channel. The Barbours Cut Channel is being dredged first to ready it for the arrival … Continue reading

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Iraqi Kurdish oil nears Texas port for likely offloading

A tanker carrying crude oil from Iraqi Kurdistan is hours away from the Port of Galveston in Texas, according to Reuters ship tracking data and the U.S. Coast Guard, its arrival imminent despite Washington’s concerns about independent oil sales from … Continue reading

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DP World volume surges 9.3pc to 29.4 million TEU in first half

Dubai’s global port operator DP World container terminals worldwide handled 29.4 million TEU during the first half of 2014, an increase of 9.3 per cent year on year. The terminal operator said that on a reported basis gross volumes grew … Continue reading

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South Carolina ports annual box volume up 8pc to 1.68 million TEU

SOUTH Carolina Ports Authority (SCPA) says its seaports handled 149,183 TEU in June, an increase of 19 per cent compared to the same month last year. In fiscal 2014, throughput rose by eight per cent to 1,684,907 TEU. “Our above-market … Continue reading

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India: Essar Ports Q2 PAT at Rs 92 crore, down 10% year-on-year

Despite a marginal rise in revenues on a year-on-year basis and a declined bottomline in the June quarter, Essar Ports, one of the largest port companies in the country, is hopeful of an increase in volumes going ahead as its ongoing … Continue reading

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India: Kolkata port eyes royalty floor for cargo handling

A six-member committee headed by the chairman of theKochi port, Paul Antony, is likely to recommend regulation of shore handling operations at major ports but Kolkata has come up with its own solution for handling agents for drybulk cargo. The board … Continue reading

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India: Panel proposes cap on bulk cargo charges

A five-member committee of port trust chairmen has recommended to the Union shipping ministry that a ceiling should be imposed on tariffs for loading and unloading of bulk cargo at the 12 so-called major ports in India, but has turned … Continue reading

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Antwerp first half container volume increases 2.9pc to 4.4 million TEU

THE Port of Antwerp handled 98,229,046 tonnes of freight in the first half of the year, an increase of 2.7 per cent year on year on the back of higher container volumes and a 32 per cent increase in liquid … Continue reading

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Port of Rotterdam first half box volume up 1.6pc to 6 million TEU

ROTTERDAM, Europe’s biggest container port, posted a 1.6 per cent first half box volume increase to six million TEU year on year, driven by higher volumes on Asian and North American routes. In the second quarter, Rotterdam’s volume was up … Continue reading

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Numbers Steady at Port of Rotterdam

Throughput at the Port of Rotterdam saw a small decrease of 0.2% in the first quarter of 2014, but was slightly positive in the second quarter, causing throughput in the first half of the year to increase by 0.6%. A … Continue reading

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India: KoPT to pick bulk cargo handlers for Haldia port through bidding

Under pressure from the Union ministry of shipping for more than a year, the Kolkata Port Trust (KoPT) on Friday decided that it will select onshore bulk cargo handlers for Haldia port through bidding—a move that is likely to force … Continue reading

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Port of Antwerp plans to set up LNG bunkering station for barges

It should be possible for barges to fill up with LNG at a permanent bunkering station in the port of Antwerp by the beginning of 2016. Truck-to-ship bunkering is already possible, but by setting up a bunkering station the port … Continue reading

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LA up 14pc in June to 736,438 TEU – LB up 8pc to 610,516 TEU

THE Port of Los Angeles handled 736,438 TEU of container cargo in June, a 13.8 per cent year-on-year increase while the adjacent Port of Long Beach enjoyed an eight per cent increase to 610,516 TEU. Los Angeles container imports rose … Continue reading

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Hong Kong cargo up 5.6pc in June to 1.93 million TEU, Singapore up 4.1pc

FIGURES from the Hong Kong Marine Department show the port handled 1.93 million TEU in June, representing a year-on-year increase of 5.6 per cent from 1.82 million TEU in June last year. Singapore’s Maritime and Port Authority reported a 4.1 … Continue reading

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India: Mumbai HC throws out PIL against PSA terminal in JN Port

The Bombay high court on Tuesday dismissed a public interest litigation (PIL) seeking to prohibit Singapore’s PSA International Pte Ltd from constructing a new container terminal with an investment of Rs.7,915 crore at Union government-owned Jawaharlal Nehru Port near Mumbai. … Continue reading

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Port of Antwerp maintains growth trend

The port of Antwerp handled 98,229,046 tonnes of freight in the first six months of 2014. That is 2.7% more than in the same period last year, itself already a record year. Container freight once more contributed good growth figures, … Continue reading

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India: Vizag port posts 5.29% growth in cargo handling in Q1

After witnessing a continuous decline in cargo handling since the last three years, Visakhapatnam Port Trust (Vizag port), one of the 12 major ports in the country controlled by the ministry of shipping, has finally registered some decent growth this financial year. The port handled … Continue reading

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Chilean dock strike over lunch breaks, rest periods hits containers

CHILEAN dockers went on strike this week over a new law, which affects workers’ lunch and rest breaks, reports Inchcape Shipping Services (ISS). The strike, organised by the Union Portuaria, is affecting a number of ports and disrupted operations are … Continue reading

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Port of Oslo and Turkey’s Yilport Holding sign 20-year container terminal deal

NORWAY’s Port of Oslo has chosen the Turkish logistics and industrial company Yilport Holding as the new container terminal operator in Oslo in an agreement running for 20 years with an option for a further 10 years. The company won … Continue reading

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Threat of US dock strike brings Vancouver, Prince Rupert cargo surge

PORT of Vancouver container terminals are seeing a spike in the number of shipping containers landing at their docks as shippers hedge bets against a potential labour disruption at US ports, reports the Vancouver Sun. The Canadian National Railway will … Continue reading

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Shanghai port’s June box volumes rise 11pc to record 3.06m TEU

THE world’s top container port, Shanghai, has posted a record monthly throughput of 3.06 million TEU for June, an increase of 10.8 per cent compared to the same month a year earlier, says Shanghai International Port (Group). Last month’s volume … Continue reading

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U.S. Port Import Volume Surges on Union Talks

Cranes used to unload shipping containers stand at the Port of Los Angeles in San Pedro, California. Imports into U.S. ports may hit a five-year high this month as retailers rush in holiday goods to avoid potential disruptions as West … Continue reading

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