Category Archives: Port News

India: Private investors may get exit clause in port projects

Private investors in the port sector could get an exit clause in their agreements with major ports with the Union shipping ministry planning to amend the model concession agreement. A proposal to allow companies to exit the long-term agreements is likely to be finalised soon. … Continue reading

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Box throughput at mainland China ports surge 3.3 per cent in July

CONTAINER throughput at mainland China ports grew 3.3 per cent to 17 million TEU in July compared to the same month last year. Marine ports handled 15.3 million TEU, up 4.4 per cent from last July, while inland ports handled … Continue reading

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India: Modi promises to cut red tape in shipping sector

Prime minister Narendra Modi has said his government will rid India’s shipping sector of bureaucratic hurdles and undertake a programme to develop many ports and their surrounding areas to turn them into catalysts for economic growth. Addressing a gathering at … Continue reading

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India: JNPT’s satellite port to come up near Mihan

The Union transport ministry has decided to construct a dry port near Mihan in an attempt to boost infrastructure of Vidarbha. The over Rs10,000 crore Centrally-funded port will be in Wardha district as 600 to 700 acre land is not … Continue reading

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Earlier we focussed on port development but now we need to move to port-led development: PM while laying foundation stone for JNPT SEZ

The Prime Minister, Shri Narendra Modi, today laid the Foundation Stone of Jawaharlal Nehru Port Trust Special Economic Zone, at Sheva in Navi Mumbai. He also laid the Foundation Stone for widening of Port Connectivity Road from JNPT to the … Continue reading

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Port of Indiana-Burns Harbor shipments up 25 percent

A bustling steel trade has driven a 25 percent increase in tonnage handled at the Port of Indiana-Burns Harbor. The deepwater port on Lake Michigan eclipsed the 2013 rate through the end of June, despite a harsh winter that froze … Continue reading

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Savannah breaks monthly record in July, boxes up 19.2pc to 293,889 TEU

THE Port of Savannah’s July container throughput surpassed record set in May, rising 19.2 per cent to 293,889 TEU year on year. “Improved confidence among US retailers and shifting cargo from the west to east coasts are all fueling growing … Continue reading

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India to take stock of relevance of Shipping Corporation, Dredging Corporation

Prime Minister Narendra Modi is said to be taking a keen interest in all matters related to shipping. During a meeting with shipping secretary Vishwapati Trivedi on 21 June, the prime minister made several suggestions that now form part of … Continue reading

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Imports at US ports set to hit record of 1.54 million TEU in August

IMPORTS through major US ports are expected to hit a record high as retailers concerned about the lack of a west coast longshoremen’s contract rush to bring goods into the country, according to the monthly Global Port Tracker. “The negotiations … Continue reading

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Shanghai container throughput rises 2.8pc to 3.06 million TEU in July

SHANGHAI port posted a 2.8 per cent July increase year-on-year to 3.06 million TEU, according to figures released from Shanghai International Port (Group) Co (SIPG). On a month-on-month comparison, July volumes inched up 0.1 per cent compared to volumes recorded … Continue reading

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Adani plans to sell Australian coal terminal for $2 billion

The promoters of Adani Group plan to sell their Abbot Point coal terminal in Australia at close to the acquisition price of $2 billion. They had bought the terminal in May 2011, at the peak of a coal boom. The project was transferred to … Continue reading

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Rotterdam works to alleviate bad congestion and two large terminals

THE Port of Rotterdam has announced a series of measures to eliminate congestion at two large container terminals – ECT Delta Terminal and the Euromax Terminal – and free up quay and labour capacity. Inland barges and feeder vessels have … Continue reading

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Zeebrugge container volume tops all, up 9.9pc, surpassing million TEU

BELGIUM’s Port of Zeebrugge Port surpassed the one million TEU mark in the first half, having box volumes grow 9.9 per cent year on year compared to Rotterdam’s 1.9 per cent growth Antwerp’s 2.9 per cent. Zeebrugge moved just under … Continue reading

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Philadelphia posts 29pc first half container increase to 219,060 TEU

THE Philadelphia Regional Port Authority (PRPA) facilities posted a 29 per cent first half year-on-year increase in container volume to 219,060 TEU, which came in at 1.4 million tonnes, an increase of 19 per cent. “We’re really entering a great … Continue reading

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India: Exports from APSEZ unit up 19% in 2013-14

Billionaire Gautam Adani promoted Adani Ports and Special Economic Zone (APSEZ) Ltd may be facing litigation over violation of environmental laws, but the units within country’s biggest multi-product SEZ are doing business as usual with exports growing 19% for the year 2013-14 over the previous fiscal. … Continue reading

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Port productivity up, but not enough to cope with big ships to come

TERMINAL operators and dockers are responding to increasing number of mega ships at ports worldwide, but not nearly enough to cope with the 22,000 and 24,000-TEUers on the drawing boards. That was the view of industry analysts Andrew Penfold and … Continue reading

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Rotterdam, Hamburg congestion grows as Maersk adds own surcharge

MAERSK says it will levy a EUR80 (US$107) congestion surcharge per on-truck container in and out of Hamburg from August 14, citing the impact of traffic jams and dwell times. The additional cost for truckers will be on top of … Continue reading

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India: Adani Ports Q1 net jumps 36% at Rs 568 crore

Adani Ports and Special Economic Zone Ltd (APSEZ) today reported 36% rise in consolidated net profit at Rs 568 crore for the quarter ended June 30, 2014, helped by a strong cargo volume growth. The company’s net profit in the corresponding … Continue reading

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India: Shipping ministry may redefine role of port rate regulator

The shipping ministry plans to amend a key maritime law to free rates and redefine the role of the tariff regulator for the 12 ports owned by the Union government. An amendment is necessary because the Tariff Authority for Major … Continue reading

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India: JNPT to launch Rs1,000 crore port-SEZ this month

Jawaharlal Nehru Port Trust (JNPT), India’s busiest container gateway near Mumbai, will launch its port-based special economic zone (SEZ) project by the third week of this month with an investment of Rs.1,000 crore, a top port official said. “This port-based … Continue reading

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India: Pipavav Port to spend $100 million to increase capacity by 50%

Private sector Gujarat Pipavav Port Ltd is planning to invest $100 million (over Rs.600 crore) over the next two years to ramp up its container handling capacity by over 50%, according to top official of the company. The port, now … Continue reading

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Turkey’s Yilport Holding signs 10-year deal to operate Oslo container terminal

ISTANBUL-based Yilport Holding has won the 20-year concession, with a 10-year extension to operate Oslo’s Sjursoya Container Terminal. Yilport Holding, part of the Yildrim Group active in mining, fertilisers and shipbuilding, beat four other bidders to the Port of Oslo … Continue reading

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U.S. West Coast Port Pay Talks Hinge on Health-Care Costs

The Obama administration’s $150 million tax on health insurance for 20,000 dockworkers at West Coast ports is complicating contract negotiations whose failure could shut down 29 ports at a cost of $2 billion a day. The International Longshore and Warehouse … Continue reading

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Tilbury and Zeebrugge’s Strategic Agreement signs up SCS Multiport New route starts in August at London Container Terminal

Port of Tilbury, owned by Forth Ports Limited, and Port of Zeebrugge / MBZ have today (31 July) announced that SCS Multiport will add a brand new route to their current service –Amsterdam-Tilbury – to deliver Far East deep sea … Continue reading

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