Dubai: Western sanctions against Shahid Rajayee port in southern Iran have been lifted and the first foreign cargo ship will berth in the port on July 20, state media reported. Shipping lines from India, Korea, China and Taiwan are all expected to call at the port soon. Located at Bandar Abbas, the container port is one of Iran’s most significant with a capacity of around 4m teu a year. [gulfshipnews 16/07/14]
Royal Boskalis Westminster N.V. has in consortium been awarded work associated with the expansion of the Singapore Tuas Mega Port development. Jurong Town Corporation awarded the reclamation project of Tuas Finger One to the consortium, comprising of Hyundai, Samsung, Penta Ocean, Boskalis and Van Oord. The total contract value is SGD 960 million, and the combined Boskalis / Van Oord share is approximately EUR 100 million. It is expected that the majority of the 24.5 million cubic meters of sand required for this project will be supplied by long distance bulk carriers. In addition to the land reclamation work, the consortium will undertake dredging and construct 3.4 kilometers of quay wall. Work is set to start within the next couple of weeks and will last until late 2018.
Goods backed up at Hai Phong port as new regulation takes effect
Cargo traffic at the Hai Phong port complex, the biggest port in the north, has been seriously congested since the day a regulation on verifying vehicles’ loading capacity took effect on April 1.
A report from the Hai Phong port’s customs agency showed that about 8,000 containers of goods have been left at the ports in Hai Phong. There are also numerous bulk cargo items that cannot be carried to destination points because they are oversized or overloaded.
Approximately 120,000 tons of cargo are stuck at the Hoang Dieu Port Handling Enterprise. At Tan Cang Enterprise, there are 12,000-14,000 TEU of uncleared goods, while the capacity is 8,000-9,000 TEU (twenty foot equivalent unit).
Tanker cargoes disrupted as Yemeni pipeline is blown up
TANKERS face new disruptions to cargo loading, following the blowing up of a major pipeline in Yemen, affecting crude supplies from the pipeline to the Ras Isa export terminal on the Red Sea. The pipeline was blown up by Yemeni tribesmen campaigning for a larger share of jobs and government...
Thessaloniki port takes acquisition bids from 8 contenders
Hellenic Republic Asset Development Fund (HRADF) board has approved of eight potential investors to bid for a 67 per cent stake in Thessaloniki Port Authority.
Qualified are APM Terminals, Deutsche Invest Equity Partners, Duferco Particiption Holding, International Container Terminal Services, Mitsui & Co, DP World, Russian Railways JSC/GEK TERNA and Yilport Holding.
The board also approved the key tender documents including the Request for Proposals (RfP), the draft Sale Purchase Agreement (SPA) and the draft Shareholders Agreement (SHA), reported Reuters.
During the tender phase, the qualified investors will gain access to detailed information about the asset and the terms of the transaction via a virtual data room.
Daewoo Mangalia - Romania’s largest shipyard, busiest commercial shipbuilder in Europe
Daewoo Mangalia Heavy Industries (DMHI), Romania’s largest shipyard, currently has USD 1.34 billion ongoing contracts, which makes it the third largest shipyard in Europe by activity volume and the largest one on the commercial shipbuilding segment, according to Romania’s Economy Ministry.
The shipyard is 51 percent controlled by South Korean group Daewoo, with the remaining 49 percent of its shares controlled by the Romanian state. “Even if we are minority shareholders, we must help the company become the strongest shipbuilder in the Black Sea region and in Europe,” said Romanian economy minister Constantin Nita, who visited the shipyard on Thursday, July 10.
In 2013, the company had a turnover of EUR 271 million and losses of EUR 24 million. It employs 2,600 people directly, but supports a total of 6,800 workplaces directly and indirectly.
The shipyard is working on large scale ships. It recently delivered the largest auto carrier ever built in the Black Sea and Mediterranean basin.
Source: Romania Insider
Djibouti Opposition Blames Politics for DP World Concession Row
Djiboutian opposition leader Abdourahman Boreh blamed his rivalry with President Ismail Omar Guelleh for the government’s decision to cancel DP World (DPW)’s concession at the country’s port.
Boreh, a presidential candidate in elections in 2011, also denied any wrongdoing during his tenure as chairman of the Djibouti Ports and Free Zones Authority. Djibouti’s government accuses Boreh of misusing his position to obtain “significant personal advantages” and is claiming $150 million in damages from him in proceedings in London, Dubai, Paris and Singapore. Djibouti’s $1.2 billion economy relies on services related to the country’s location on the Red Sea, one of the world’s busiest shipping lanes. Transportation accounts for a third of gross domestic product in the nation, which is targeting increasing capacity at Doraleh to 3 million containers a year by 2015. DP World is the world’s third-biggest ports operator.
The International Maritime Transportation Facilitation Committee (FAL Committee), a consultation platform of maritime sector entities, held an “urgent” meeting in the Cameroonian economic capital in order to discuss “the crisis the Douala Port has been facing for 9 months,” states a release published by the organisation’s president, André Fotso, who is also president of GICAM, the business leader association.
This “disconcerting situation at Douala Port” involves “the bottlenecking of the area and other surrounding factors which are causing a slowdown in handling and also extended waiting times for ships at port. This leads to exponential increases in waiting times and cost, both for imports and exports, with negative repercussions for the economy and Cameroon’s image at a time when the government and stakeholders are seeking to accelerate growth,” the FAL Committee goes on to explain.
At the root of this situation, the Committee finds that there is “the surpassing of the port’s structural capacity, the surpassing of the various concession holders’ operational capacities, the sudden influx of products to be processed, particularly wood, after the re-opening of the Central African border, the weak application of some procedures and the inadequacy of some in this congested situation…”
In addition, the FAL Committee notes, “the holding of damaged merchandise (for example, cement imported from 2010), the recurring breakdowns of the scanner though it is a facilitation tool, the extended and disproportionate occupying of space by trucks sometimes waiting to be equipped with GPS capabilities, outstanding deposits which stifle customs brokers’ cash-flow and slowdown the release of merchandise.”
Facing this litany of problems, participants at the July 1 crisis meeting, “identified exceptional measures (14 in total) to be adopted in the coming days to resolve the current situation.” The FAL Committee explains that these include the temporary suspension of logs on the grounds, the lightening of issuance procedures for wood loading documentation, the provision of new storage areas for merchandise, the re-opening of the Kribi wood park, the removal of the cement stocked since 2010 and improving the operational hours at the port.
Source: Business In Cameroon