Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

DP World sees 5.1% Middle East terminal growth this year

Middle East ports will grow at 5.1% in 2015, bucking global trends and higher than the 4% growth in Chinese ports, and 2% overall global growth for 2015, the UAE’s top port official said this week.

He added that GCC ports were resilient, serving economies driven by high consumption and robust industry, and “future ready”.

[…]

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Qatar's Hamad Port operations seen offering opportunities for ICTSI

The expected operations of the Hamad Port could open economic opportunities to Philippine port management company, International Container Terminal Services Inc (ICTSI), Ambassador Wilfredo Santos said.

The ambassador said ICTSI is currently pursuing an active programme to acquire new terminal concessions in the Middle East, “and we are hoping that Qatar could be one of […]

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Iran seizure of Maersk container ship tied to old cargo dispute

Maersk Tigris seized in Iran. BBC graphic.

Iran’s seizure of a container ship this week stems from a decade-long dispute over 10 shipping containers, officials at Maersk, the Danish shipping giant, said on Thursday.

The United States sent a destroyer to the Persian Gulf on Tuesday in response to the seizure. On Thursday, Col. […]

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Dubai piers abuzz as Iranian deal fuels hopes of new trade boom

From Bloomberg News:

[S]hips’ crews were upbeat as last week’s accord over the Islamic Republic’s nuclear program brought the lifting of sanctions and the return to unfettered commerce one step closer. Few places are better located to benefit than the United Arab Emirates, Iran’s second-biggest trading partner after China since 2009, data compiled by […]

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O3 Alliance came together quickly after 2M announcement: CMA CGM

The “Ocean Three” Alliance among CMA CGM, China Shipping and United Arab Shipping Co. came together quickly after the formation of the “2M” agreement among Mediterranean Shipping Co. and Maersk, a deal that left CMA CGM seeking an alliance partner on east-west trades.

Nicolas Sartini, group senior vice president of CMA CGM, in charge of […]

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DP World Invests in London Gateway

DP World London Gateway has a weekly call by the Southern Africa Europe Container service operated by MOL, Maersk, Safmarine and DAL.

Starting in May, Hamburg-Sud and Hapag-Lloyd will operate the South America East Coast service, a South America West Coast, Caribbean, Australia and New Zealand service and a North America West Coast, India, Pakistan […]

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New China-Australia-Taiwan service tied up by DP World

DP World Australia has secured the stevedoring services contract for a new weekly service calling into its three eastern seaboard container terminals, totalling approximately 250,000 containers per year.

DP World Australia managing director Ganesh Raj said: “We welcome the new CAT Consortium of Yang Ming Line, Evergreen Line, Sinotrans and Pacific International Lines (PIL) to […]

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World grain prices to stay strong: FAO

A shift in the Chinese diet has created a high demand for grain to feed beef cattle.

World grain prices should remain “very firm” over the near term as demand from Asia exceeds forecasts and dry weather cuts into supply, the senior economist of the UN’s Food and Agriculture Organisation (FAO) said on Monday.

South […]

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Port of Portland receives first ship from German carrier Hamburg Süd

Port of Portland’s container terminal this week received its first call from German carrier Hamburg Süd as part of new service announced last month offering connections to the Mediterranean Sea.

The port last month announced Hamburg Süd would begin calling Portland, offering new and more regular calls to Mediterranean ports as well as feeder connections […]

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South and Latin America continue to attracting investment from the big operators

The global crisis certainly focused the minds of the operators in terms of future concession bids, and the focus is largely on the obvious targets, including South America, Asia, the Middle East, Africa and Eastern Europe.

“In all of those regions, growing middle class populations are the new consumers with new buying power, so shipping […]

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Port operator ICTSI sees more expansion opportunities overseas

Enrique Razon, CEO of ICTSI

Violent protests in the Middle East may have shaken the world economy but Philippine port operator International Container Terminal Services, Inc. (ICTSI) sees opportunity amid the turmoil.

ICTSI, run by billionaire Enrique Razon, is one of only a few Philippine companies to have become a successful global player and […]

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Cosco posts Q1 net profit

Cosco said its first quarter net profit rose 17 per cent to S$37.1 million year-on-year.

Revenue was up 21 per cent to S$1.01 billion, from S$835 million a year earlier.

Cosco said this increase was due to higher revenue from ship-building and marine engineering projects, which offset lower revenue from ship repairs and conversions, and […]

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New Ro-Con ships to be built for U.S. East Coast service

Ro-Con ship

National Shipping Company of Saudi Arabia (NSCSA) recently signed a $411.47 million contract with Hyundai MIPO, South Korea to build four 220 m Roll-On/Roll-Off-Container (Ro-Con) ships. The contract contains an option to build two additional vessels.

The 220 m ships, which will be classed by Lloyd’s Register, will have a beam of […]

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DP World opens new container terminal near Karachi

Port Qasim, Karachi

Global marine terminal operator DP World announced the opening of its new container terminal in Port Qasim near Karachi in Pakistan on Wednesday, with the arrival of its first customer, the French container vessel, CMA CGM Wagner.

The opening of Terminal 2, the major expansion of DP World Karachi, will take capacity […]

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APM plan to develop Jordan’s Aqaba terminal sees progress

APM Terminals is at the helm of the $235 expansion at Aqaba. Jordan’s king is shown launching one of two new cranes at the terminal.

His Majesty King Abdullah on launched two new Ship-To-Shore (STS) cranes introduced by the Aqaba Containers Terminal (ACT) to enable the port to meet market demand in line with […]

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