Almost 4 months passed since the Panama Canal was re-opened on June, 26th this year following its $5.25 billion widening. Now the new set of locks allows vessels of up to 14,000 TEUs (New Panamax type) to pass, compared with the previous limit of about 5,000 TEUs. However, now that shipping lines prefer sending larger but […]
PSA enters China’s railway container terminals market
One of the leading global port operators Singapore-based PSA has invested in China United International Rail Containers Co., Limited (CUIRC), a Sino-Foreign joint venture (JV) with a mandate from the government of the People’s Republic of China to develop and operate 18 railway container terminals within the country, announces PSA’s press release. The investment has […]
Finland’s container volumes grow by 7.5% in 2016
The container throughput of the 3 major ports of Finland in 9 months of 2016 reaches 1 mln TEU, which is 7.5% higher than last year. In January-September, 2016 the leading Port of HaminaKotka increased its throughput by 13.4% on a year-on-year basis by handling 427 210 TEU. The second largest port in container traffic […]
Four operators to bid for Corozal Container Terminal concession
The Panama Canal Authority has issued a Request for Proposals (RFP) to four pre-qualified port operators selected to compete for the concession to design, develop, finance, construct, operate and maintain Corozal Container Terminal, writes Port Strategy. The four shortlisted companies are the global major terminal operators APM Terminals, PSA International, Terminal Link, and Terminal Investments […]
One Belt One Road pushes growth of Yingkou Port
Yingkou Port, in the northeastern province of Liaoning, has seen a rise in freight volume despite the sluggish local economy, thanks to the Belt and Road Initiative, writes Chinese news agency Xinhua. According to the port management company, during the first 9 months of 2016, the port registered combined sea-rail freight transport volume of over […]
UCL Holding plans reconstruction of Tuapse grain terminal
At the international forum Sochi-2016 last week Tuapse Sea Commercial Port (TSCP) and the Administration of Krasnodar region of Russia signed a letter of intent to invest 3.6 bln rubles (apprx. USD 58 mln) into the reconstruction of the grain terminal complex. The project will involve construction of 7 metal silos for storage of grain cargo, […]
Blockchain technology to change shipping practices
Israeli start-up company Wave offers a method to transmit shipping documents using innovative blockchain technology, known as the basis for the Bitcoin virtual money, thus eliminating the centuries-old practice of sending a paper bill of lading. Because shipped goods can’t be released until the bill of lading — which is usually sent separately — arrives, […]
DP World to increase its presence in Africa
Dubai-based global port operator DP World highlighted its interest in building on its African investments. The DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, visited several African countries last week, including Nigeria. He has discussed ways of developing and improving the efficiency of the country’s logistics services with the governor of the Nigerian […]
Ust-Luga container terminal handled 1000 vessels
VITIM containership of Maersk Line became the 1000th vessel that called Ust Luga Container Terminal (ULCT) since its opening in 2011, says today’s press release of the terminal operator. The 1726 TEU ship arrived from Muuga (Finland) and thereafter left for St. Petersburg (Russia). During the port call ULCT handled 416 containers. ULCT is the […]
Vladivostok port workers defend their rights
Tomorrow, 4th of October, 2016 dockworkers of Vladivostok Sea Commercial Port (VSCP) will hold a meeting to defend their rights, as announced by the press service of the Dockers’ Union of Russia. The mass action is caused by the forced redundancy of the dockers of the port’s container terminal, violation of their labour rights and […]
