Goa’s Mormugao port might shut down if losses mount
Union Shipping Minister Nitin Gadkari yesterday said that the continued losses at the Mormugao Port Trust (MPT) might result in its shutdown. The MPT, located in the state’s Vasco town, is facing a crisis as handling of coal has stopped due to protests and the banning of iron ore extraction has affected ore cargo as well. “The port (Mormugao Port Trust) has run into losses this year. During the current financial year there is a loss of Rs 25 crore. Now you have to decide whether to run the port or not,” Gadkari told a gathering in Vasco town.
Giant New Ship-to-Shore Crane Begins Work at Port of Savannah
The first of Georgia Ports Authority’s four new Neo-Panamax cranes came online this week (March 20,2018) at the Port of Savannah’s Garden City Terminal. The addition of the cranes brings GPA’s operating fleet to 27, more than any other single terminal in the nation. “Georgia’s ports are dedicated to staying a step ahead of market demand,”
Antwerp to host christening ceremony for Hapag-Lloyd newbuild in 2019
Hapag-Lloyd Cruises is to name its new expedition vessel Hanseatic Inspiration in Antwerp on 13 October 2019. Hanseatic Inspiration’s christening will mark the first time the Belgian port city has hosted an official naming ceremony for an ocean cruise ship. “Hanseatic Inspiration will be the first ocean-going cruise ship to be christened in the city of Antwerp,” said Koen Kennis, deputy mayor of Antwerp. “That is something very special. On behalf of the city of Antwerp, I would like to thank Hapag-Lloyd Cruises for the years of trust and confidence that the company has shown in the city.” Following her naming ceremony, Hanseatic Inspiration will embark on a 15-day maiden voyage from Antwerp to Tenerife
DULUTH, Minn.- The Erie Trader made it’s way out of the Duluth port heading to Two Harbors to load up on some iron ore.
Spring is in the air but ice is still on the lakes, which didn’t stop the first boat of the season. The first shipping vessel of the season left the Twin Ports Tuesday afternoon. The sound of spring has arrived in Duluth as the shipping season kicks off. Seeing the first shipping boat make its way under the aerial lift bridge is a sight to see. Many people gathered near the lake, taking photographs, and enjoying the view.
One couple FOX21 spoke with said they enjoy the lift bridge plenty, but make sure to never miss this.
“It’s the first ship of the season, it’s just really cool,” onlookers John and Jean Kennedy said. “It’s a novelty of Duluth.”
One family visiting Duluth tells us they were hoping to see a boat and just lucked out today. Now they plan to make it a tradition.
“Well the ice the obstacles and the cold weather,” tourists Kubes family said. “It’s just something you don’t normally see.”
The Erie Trader is the first of six winter vessels departing on Tuesday. Every year the Twin Ports Harbor has nearly 900 vessel visits.
DP World buys stakes in Peru’s No. 2 container terminal
DP World, one of the world’s largest port operators, said it had bought a logistics firm in Peru for $315.7 million, giving it a 50 percent stake in the country’s second largest container terminal.
The acquisition of Cosmos Agencia Maritima, which also offers maritime services, gives it half-ownership of Euroandinos Port Terminals which operates the port of Paita.
Dubai-owned DP World operates several ports in South America, including a container terminal in Peru’s Port Callao.
DP World also said in a separate announcement that its joint venture with India’s National Infrastructure Investment Fund had bought a 90 percent stake in Mumbai-based logistics firm Continental Warehouse Corp.
The acquisition was the first made by the joint venture which has said it plans to invest up to $3 billion in ports, logistics and related sectors.
Terms of the deal were not disclosed. The purchase consideration is less than 5 percent of DP World’s net asset value as of Dec. 31, 2017, it said.
Wan Hai Lines to launch new China to Vietnam service
Wan Hai Lines Ltd. has announced its plan to expand its existing service network between China to Southeast Asia by launching a new weekly service from South China to Vietnam on 29th March 2018.
The service, named CV3, will be operated with 2 vessels with an intake of 1,200 TEU. Wan Hai Lines shall deploy 1 vessel while its partner COSCO Shipping Lines Co., Ltd. will operate the other vessel. The service rotation shall cover Jiangyin – Shantou – Hong Kong – Shekou – Nansha – Cat Lai – Hong Kong – Jiangyin.