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Shipping queue for Australia’s Newcastle coal exports at 13-month low

Twenty one ships are set to load coal export cargoes at Australia’s port of Newcastle this week, down from 34 a week ago and the lowest weekly number for 13 months, the Port Authority of New South Wales said Monday.

“There are 21 vessels with a notified arrival time allocated and in transit,” said the port […]

By |September 1st, 2015|Latest News, Port News, Shipping News|0 Comments

Manzanillo International Terminal-Panama Receives Four STS for Expansion

Panama’s President Juan Carlos Varela with the Panama Maritime Authority Administrator and Minister of Maritime Affairs Jorge Barakat  and Stanley Motta, member of MIT’s board of directors, came to MIT located on the Atlantic entrance of the Panama Canal, for a short ceremony and to visit the terminal installations. President Varela was welcomed by MIT […]

By |September 1st, 2015|Latest News, Port News|0 Comments

Container terminal operators forced to invest more to boost capacity

CONTAINER port terminal operators are being driven to make significant investments to boost capacity to accommodate larger vessels and rising global demand, according to the Global Container Terminal Operators Annual Report 2015.

Published by London’s Drewry Maritime Research, it predicts average global container port demand growth of 4.5 per cent per annum through to 2019 and […]

By |August 31st, 2015|Latest News, Port News, Shipping News|0 Comments

Greece agrees port privatisation deadlines

As part of its reforms-for-cash deal with international lenders, the Greek government has agreed deadlines for the privatisation of its two major ports, Piraeus and Thessaloniki.

The commitment by Greece to proceed with its ambitious privatisation plan sees the country’s top ports among the first major state assets set to be sold.

The Hellenic Republic Assets Development […]

By |August 30th, 2015|Latest News, Port News, Shipping News|0 Comments

India: Re-bidding allowed for private cargo terminals

Private cargo-handling facilities at Union government-owned ports, struggling with rate and other operational issues that have hurt their performance, will be allowed to restructure and better their project terms by offering their terminals for re-bidding to discover revenue share price afresh.

At least three such private facilities have or are being put to re-tendering. Private cargo […]

By |August 29th, 2015|Latest News, Local News, Port News, Shipping News|0 Comments

DP World profit up 22pc to US$455 million revenues increase 18pc

GLOBAL port operator DP World posted a 22 per cent rise in first half profit to US$455 million, drawn on revenues of $1.9 billion, which increased 18.7 per cent year on year.

First half profit growth was attributed to revenue produced by the acquisition of Economic Zone World (EZW), operator of Jebel Ali Free Zone.

DP World […]

By |August 29th, 2015|Latest News, Port News, Shipping News|0 Comments

Shanghai port profit up 5.7pc to US$484.8 million on 7.1pc more revenue

THE Shanghai International Port (Group) Co (SIPG) has posted a 5.7 per cent first half net profit increase to CNY3.1 billion (US$484.8 million), drawn revenues of CNY3.1 billion, an increase of 7.1 per cent year on year.

The Shanghai-listed operator of the world’s busiest container port, posted a 4.5 per cent first half volume increase to […]

By |August 29th, 2015|Latest News, Port News|0 Comments

Tauranga port commands 97pc share of North Island’s dairy exports with Coda

NEW ZEALAND’s Port of Tauranga now commands the biggest share of North Island’s dairy exports with 97 per cent of the market, following its Coda joint venture with Kotahi, a logistics company owned by Fonterra Cooperative Group and Silver Fern Farms. Coda is a land-side logistics partnership established in May.

Kotahi combined its Dairy Transport Logistics […]

By |August 28th, 2015|Latest News, Port News|0 Comments

South Carolina Ports Authority doubled profit to US$30.4 million in FY2015

THE South Carolina Ports Authority, which runs the Port of Charleston, more than doubled operating profit to US$30.4 million for fiscal 2015, which was drawn on revenues of $196.8 million, a 20 per cent increase year on year.

“The strong financial performance achieved during the 2015 fiscal year reflects the SCPA’s focus on achieving the growth […]

By |August 27th, 2015|Latest News, Port News|0 Comments

Anil Udhavrao Diggikar named new chairman of JNPT

The shipping ministry on Tuesday named Anil Udhavrao Diggikar, a Maharashtra cadre Indian Administrative Service (IAS) officer of the 1990 batch, as the new chairman of the state-owned Jawaharlal Nehru Port Trust (JNPT).

He is currently the vice chairman and managing director of the Maharashtra State Road Development Corp. Ltd. JNPT did not have a fulltime […]

By |August 26th, 2015|Latest News, Local News, Port News|0 Comments