Category Archives: Port News

India has pledged $100 million for Chabahar port: Afghan envoy

India has earmarked $100 million for upgradation of Chabahar port in Iran so as to improve trade with Afghanistan and other Central Asian countries, Afghan envoy to India Shaida Mohammad Abdali has said. “Ultimately the port connects the Central Asia … Continue reading

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DP World profit up 26pc to US$332 million as revenues rise 9.9pc

DUBAI’s global port operator DP World has posted a 26 per cent year-on-year first half net profit increase to US$332 million, drawn on revenues of $1.6 billion, which increased 9.9 per cent. DP World said it handled 29.4 million TEU … Continue reading

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Piraeus Port posts flat profit of US$4.3 million as revenues decline 3.3pc

STATE-OWNED Piraeus Port, the biggest in Greece, posted flat first half net profit of EUR3.3 million (US$4.3 million), drawn on revenues of EUR50.4 million, down 3.3 per cent. Cosco Pacific, already in possession of the port’s container terminal on a … Continue reading

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Shanghai Port quarterly profit off 2.5pc at US$242.5 million, but H1 up 14.9pc

SHANGHAI International Port’s second quarter net profit dropped 2.5 per cent to CNY1.49 billion (US$242.5 million) while it posted a first half net profit increase of 14.9 per cent to CNY2.93 million year on year. That showed a sharp slowdown … Continue reading

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India: Duggarajupatnam port project hits roadblock

Nearly three years after Duggarajupatnam in Nellore district was finalised for setting up a major port, the proposed project is yet to take off. According to sources, there might be a delay of another year or two for work to … Continue reading

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Port of Virginia cuts operating loss in Q4, fiscal year revenue rises

THE Port of Virginia has posted an operating loss for the full fiscal year ending on June 30 of US$17.1 million, versus a loss of $15.5 million in the prior year. Consolidated revenue amounted to $396.8 million, an increase of … Continue reading

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World’s 6th largest box port of Ningbo hit by truckers’ strike

SEVENTY per cent of container truckers using Ningbo – the world’s sixth-largest box port – have joined a strike that started last Monday over pay scales that have not changed since 2005. Picket lines were established in front of various … Continue reading

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Zeebrugge’s first half volume up 9.9pc to 1,056,311 TEU

THE Port of Zeebrugge’s container traffic in the first half of the year was up by 10.2 per cent at 10,952,836 tonnes, and up 9.9 per cent to 1,056,311 TEU. The port handled a total of 22,040,932 tons of cargo. … Continue reading

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Hong Kong port up 1.6pc in July to 1.98 million TEU, Singapore off 0.3pc

FIGURES from the Hong Kong Marine Department show the port handled 1.98 million TEU in July, representing a year-on-year increase of 1.6 per cent from 1.95 million TEU in July last year. Singapore’s Maritime and Port Authority reported a 0.3 … Continue reading

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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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