Category Archives: Port News

Shenzhen Yantian Port Holdings Net Profit Down 3.8pc to Us$66 Million

SHENZHEN Yantian Port Holdings posted a net profit of 3.8 per cent year on year to CNY16.3 million (US$2.6 million) in 2012, drawn on revenues of CNY22.29, down 12.2 per cent. It’s subsidiary, Yantian International Container Terminals (YICT), handled 2.89 … Continue reading

Posted in Port News, Shipping News | Leave a comment

India: Cochin Port Trust aims higher cargo movement to Maldives

The Cochin Port Trust is exploring ways to promote cargo movement to Maldives Port through a regular shipping service. A lot of Indian origin produce are now routed to Maldives through Colombo, Dubai and Singapore and there is a scope … Continue reading

Posted in Local News, Port News | Leave a comment

Virginia port erases quarterly loss as monthly volume hits 201,113 TEU

THE Port of Virginia posted an 8.6 per cent year on year container volume increase in September to 201,113 TEU, recording the third straight month throughput hit 200,000 TEU. It also erased last year’s US$3.4 million quarterly operating loss with … Continue reading

Posted in Port News, Shipping News | Leave a comment

Report reveals strong annual Shanghai shipping figures

A new report on Shanghai’s shipping sector has revealed an encouraging set of annual operating figures and also highlighted various issues, particularly regarding the city’s free trade zone launched in September last year, which are being addressed as it closes … Continue reading

Posted in Port News | Leave a comment

Emerging Opportunities In Indian Ports and Shipping Sector

The Shipping Tribune is pleased to announce “Emerging Opportunities In Indian Ports and Shipping Sector” a one day conference on February 6th, 2015 at Holiday Inn, Andheri (East), Mumbai, Introduction & Objective The emerging -global economy has opened up new avenues … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment

LA’s September’s container volume up 9pc to 775,133 TEU

POSTING its highest monthly box volume since 2006, the Port of Los Angeles’ September container throughput was up nine per cent year on year to 775,133 TEU. Year-to-date volumes were up 7.8 per cent to 6.3 million TEU. September exports … Continue reading

Posted in Port News | Leave a comment

Cabinet approves Iran port project

In a move that could offer significant geo-strategic advantage to India by way of smooth access to Afghanistan, the Union Cabinet on Saturday gave its approval to India’s participation in the Chahbahar port project in Iran. The Cabinet chaired by … Continue reading

Posted in Local News, Port News | Leave a comment

Hiranandani Group awards contract for LNG facility

Real estate firm Hiranandani Group has awarded a contract to Sener-Afcons J.V. For an 8 million tonnes per annum LNG import, storage and regasifications terminal at Jaigadh port at Ratnagiri in Maharashtra. “H-Energy Gateway Private limited (HEGPL), a Hiranandani Group … Continue reading

Posted in Local News, Port News | Leave a comment

India’s 12 big ports see first signs of revival in cargo growth

At the half way stage of the current fiscal year that began in April, the 12 ports owned by the Indian government loaded 288.48 million tonnes (mt) of various cargo, 4.2% more than the 276.85 mt handled during the same … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment

Hong Kong September down 7.3pc to 1.79 million TEU, Singapore up 3.5pc

FIGURES from the Hong Kong Marine Department showed the port handled 1.79 million TEU in September, representing a year-on-year decrease of 7.3 per cent from 1.93 million TEU in September last year. Singapore’s Maritime and Port Authority reported a 3.5pc … Continue reading

Posted in Port News | Leave a comment

Australian Newcastle coal may slip below $60/mt on falling oil prices: S&P analyst

A further drop in Newcastle 6,300 kcal/kg GAR coal prices to below $60/mt FOB is possible as falling oil prices are resulting in cost savings for Australian producers and providing a buffer for them to accept lower FOB prices, Xavier … Continue reading

Posted in General News, Port News | Leave a comment

India: Ports traffic increase by 4 %

Barring Kolkata Port and New Mangalore Port, all the 10 major ports posted a marginal increase in cargo traffic for the first six months of the current financial year. All these ports put together handled 288.48 million tonnes of cargo … Continue reading

Posted in Local News, Port News | Leave a comment

Essar Ports, Essar Shipping spurt as boards approve delisting

Shares of Essar Shipping and Essar PortsBSE 18.20 % surged up to 20 per cent as the Essar Group plans to delist the two companies from stock exchanges. Stocks of Essar Shipping zoomed 20 per cent to Rs 23.70, which … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment

India: Gopalpur port to defer start of operation due to cyclone strike

With a portion of the breakwater of Gopalpur port dented by high tidal waves created under the influence of cycloneHudhud, the port authorities are likely to peg back the start of port operation scheduled for the end of this year. … Continue reading

Posted in Local News, Port News | Leave a comment

PEX 2 Makes BNCT its New Home in Busan Port

BNCT welcomes CMA CGM’s PEX 2 service with the maiden call of MV HAMMONIA CALABRIA on Monday, 13 Oct. This move is a part of CMA CGM’s plan to improve its transit time from South China to main Caribbean hubs … Continue reading

Posted in Port News | Leave a comment

Ports of Antwerp and Shanghai strengthen collaboration

The port of Shanghai, the largest in the world, and the port of Antwerp, the second-largest in Europe, are to collaborate more closely. A Memorandum of Understanding (MoU) was signed to this effect during the recent trade mission to Shanghai. … Continue reading

Posted in Port News | Leave a comment

Vizag port, airport operations suspended as Hudhud closes in

As Cyclone Hudhud hurtles towards Vizag, the hostile weather conditions have forced crucial establishments such as Visakhapatnam Port Trust (VPT), Vizag Airport and Hindustan Shipyard Limited to suspend all operations temporarily. The authorities are on a ‘wait and watch’ mode … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment

Retailers Seek Port Labor Accord to Avoid Holiday Delays

The National Retail Federation urged workers and management of West Coast ports to reach a new labor agreement and avoid delaying holiday shipments. “The failure to reach an agreement is now having a significant impact on port operations and contributing … Continue reading

Posted in Port News | Leave a comment

India: Correcting past shipping policy errors need of the hour

Prime Minister Narendra Modi has two ways of looking at foreign direct investment (FDI) flows into India. “These days, FDI is in discussion and it is natural. I look at it slightly differently—for 125 crore Indians, FDI is a responsibility. … Continue reading

Posted in Local News, Port News, Shipping News | Leave a comment

ICTSI to spend US$330 million to expand Manila terminal capacity

MANILA’s global terminal operator International Container Terminal Services Inc (ICTSI) plans to spend US$330 million over 10 years to expand capacity in its highly congested home port, Reuters reports. The first $100 million is to be spent for Berth 7 … Continue reading

Posted in Port News, Shipping News | Leave a comment

US Shipyard Workers Picketing against Smoking Ban

Several hundred shipyard workers at six Vigor Industrial facilities in Oregon and Washington, the U.S.A., conducted unfair labor practice (ULP) strikes on September 25 during their lunch break and at the afternoon shift change. The Metal Trades Council of Portland … Continue reading

Posted in Port News | Leave a comment

Savannah container volume up 12.9pc to 595,711 TEU in July and August

THE Port of Savannah’s container volume increased 12.9pc to 595,711 TEU in July and August, making a strong start to fiscal 2015, reports the Georgia Ports Authority (GPA). Both months set individual consecutive TEU records, with 293,889 TEU crossing GPA … Continue reading

Posted in Port News, Shipping News | Leave a comment

Port Hedland Iron Ore Shipments to China Decline From Record

Iron ore shipped to China from Australia’s Port Hedland, the world’s biggest bulk export terminal, declined from a record last month amid speculation demand may ease amid slowing economic growth. Shipments were 29.8 million tons in September from a record … Continue reading

Posted in Port News | Leave a comment

EPA offers US$5 million to cut diesel fumes at US ports with air pollution

THE US Environmental Protection Agency (EPA) will give US$5 million to retrofit, replace or re-power diesel engines operating at ports in areas with poor air quality, reports American Shipper. Cargo owners are hurt by such environmental agency “mitigation efforts” because … Continue reading

Posted in Port News, Shipping News | Leave a comment