Over the past week-end, the first two LNG tankers – Russian Sovcomflot’s Christophe de Margerie and Greek Dynagas’ Boris Vilkitsky – were loaded at the port of Sabetta with the first cargo of liquefied natural gas (LNG) produced at the Yamal LNG plant and set off eastward heading towards the markets in Asia. Our first article […]
Tensions are growing at Yilport’s port development project at Puerto Bolivar, Ecuador. Patricia Henríquez, the deputy of the El Oro province, where the port is located, has sent an official request last week to the Ministry of Transport and Public Works, the Internal Revenue Service, the Port Authority and Yilport Ecuador asking to report on […]
The container throughput of the Australian ports grew by 3.7% to 7.2 mln TEU in 2016 – 2017, the highest volume ever recorded, states the Australian Competition and Consumer Commission (ACCC) in its Container Stevedoring Monitoring report 2016-17. During this period, Sydney has overtaken Melbourne and become Australia’s largest container port. Over the past 10 […]
The Valencia Port Authority reports its container throughput of the first 10 months of 2017 at the level of 4,043,251 TEU, which represents an increase of 1.73% y-o-y. The most part of it was handled by Valencia – 3,999,016 TEU, whereas the remaining volumes come from the smaller ports that fall within the Port Authority, […]
The Russian Government has accepted The Strategy of the development of the Caspian Sea ports until year 2030, informs PortNews agency. The Strategy involves the development of the Russian Caspian transport hub and its integration in the world trade, with Iran, India and the Gulf countries in particular. Today, the Caspian ports – Astrakhan, Olya, […]
The question of stevedoring rates in the Russian ports is again on the federal agenda. In mid-August, Russian President Vladimir Putin ordered to convert the port handling charges of Russian stevedoring companies into rubles as from 1 January 2018, but, as it often happens in Russian practice, “with certain provisos for particular situations and particular […]
Chinese COSCO Shipping aggressively invests in ports and logistics hubs, writes Nikkei Asian Review and tells about its recent acquisitions of the Spanish port operator Noatum and an inland logistics hub in Khorgos, Kazakhstan. Whereas the Noatum deal has been widely highlighted in the media, including Port.Today, the deal with Kazakhstan’s terminal passed largely unnoticed. […]
Yesterday, the Moscow Arbitration Court postponed till August 21 the hearing of the appeal of Vostochnaya Stevedoring Company, a container terminal in the Russian Far East, part of Global Ports, against the Federal Anti-Monopoly Service of Russia (FAS) on the case of stevedoring tariffs, informs TASS news agency. In June 2016, FAS initiated a legal […]
The Container Supply Chain Conference within TOC Europe 2017 held in Amsterdam this week has brought up the question of the impact of China’s concept of One Belt One Road on future container trade and infrastructure projects in Eurasia. Hercules Haralambides, professor of Maritime Economics and Logistics at Erasmus University Rotterdam, presented a holistic overview […]
Philippines-based port operator International Container Terminal Services, Inc. (ICTSI), has announced today the unaudited consolidated financial results for the quarter ended March 31, 2017, posting a 23% increase in net income: USD 51.7 mln against USD 42.2 mln earned in the first quarter last year. According to the report, the operator’s consolidated throughput grew by 11% […]
