Egypt to Establish USD 4bln Petrochemical Complex in Suez
Egyptian Ministry of Petroleum entered in a partnership with the Ministry of Public Business Sector to establish a petrochemical plant in Suez governorate at a total cost exceeds $4 billion, Zawya reported quoting Petroleum Minister Tarek el-Molla.
The Ministry of Petroleum will build the complex in partnership with Ministry of Public Business Sector, el-Molla added.
The Egyptian Petrochemicals Holding Company (ECHEM) as well as refineries affiliated to the petroleum sector will also cooperate to implement the project, the Egyptian minister said.
Molla added that the feasibility studies will take 28 weeks. The Suez plant is set to depend on the refineries affiliated to the petroleum sector in Suez governorate.
The Japanese manufacturer Toyota will be in charge of the industrial technologies needed for the complex, he added.
Indian companies interested in project to develop Iranian port
India is keen to rapidly develop Iran’s Chabahar Port, a strategic facility that New Delhi hopes will help expand its trade with Afghanistan and energy-rich Central Asia by circumventing Pakistan.
During Prime Minister Narendra Modi’s visit to Iran in May 2016, a commercial contract on Chabahar Port was signed between India Ports Global Pte. Ltd., or IPGPL, and Iran’s Aria Banader, envisaging development and operation of two terminals and five berths with multipurpose cargo-handling capacities.
New Delhi has committed to invest $500 million in Chabahar’s first phase of development, which includes a $150 million credit facility to Iran through the Export-Import Bank of India. www.hellenicshipp...
Backlog of tankers hits PDVSA's ports as more imports arrive
July 14 (Reuters) - About 17 tankers carrying fuel imports requested by Venezuela have arrived at PDVSA's ports in recent days, creating a backlog of cargoes to discharge, according to Thomson Reuters vessel tracking data.
* The cargoes with July deliveries join seven tankers that have been waiting for up to 60 days for payments from PDVSA, including shipments of crude, gasoline blend stock, vacuum gasoil, cutter stock and liquefied petroleum gas
* The first of two U.S. crude cargoes sold by Britain's BP , on tanker NS Champion, discharged earlier this month at PDVSA's Bullenbay terminal in Curacao. A second, on tanker Tulip, is still waiting
* A fuel delivery on tanker Vallesina, also sold by BP and Venezuelan firm CT Energia, went back to the U.S. Gulf Coast without discharging after a 70-day wait, the data say
* PDVSA in July awarded one of Latin America's largest oil tenders to imports over 15 million barrels of fuels for the second half
Port of Duqm has received the first containers from French shipping giant CMA CGM via the Oman Express Service operated by Oman Shipping Company through its subsidiary Oman Container Line.
The containers, which were loaded with project equipment for Sebacic Oman SAOC, soon to become the world’s largest Sebacic Acid plant in Duqm, originated from China and were transshipped via another regional port.
Port of Duqm received the containers at its early container terminal, from where they will be delivered to Sebacic Oman’s site. A ceremony was organised at the port to celebrate this major event under the patronage of Said bin Hamdoon Al Harthy, undersecretary for Ports and Maritime Affairs at the Ministry of Transport and Communications, and other senior officials, by the major stakeholders.
“The port’s container terminal is currently under construction and will be commissioned in the course of 2019.
Protests on Brazil road impact flow of grains to northern ports
Residents of villages along a key highway for grains exports in Brazil’s northern Para state continued to stage protests on Tuesday blocking the flow of goods like corn and soybeans to nearby ports, industry groups and police said.
Local residents, merchants and farmers have protested on federal road BR-163 since July 5 against a veto by President Michel Temer of legislation that would reduce the area under protection at a national forest in the region, Brazil’s federal highway police (PRF) said.
Cereals exporting group Anec said the situation in Pará could impact its projections for corn exports. Brazil’s northern grains ports could account for 25 percent of total corn and soybean exports this year, according to the government.
“Everyday they stage a blockade at some point of the highway. When we get there, they move to another point,” said Ana Rabelo, a spokeswoman for the PRF in Pará.
It was not possible to reach leaders of the protests.
Rabelo said the protesters have planned new blockades for at least one week ahead, each day at a different point in the BR-163, which is a key road for trucks carrying soybeans and corn from center-west farms to a trans-shipment hub in Miritituba.
From there, the grains are transferred to barges that move them to exporting ports such as Santarém and Barcarena.
Brazilian soybean industry association Abiove said the protests were impacting grain deliveries at the Miritituba hub, so barges are waiting longer to be filled up. www.hellenicshipp...
YILPORT continues to invest in equipment. The six RTG cranes which were bought from Japanese Mitsui Paceco company which is the main equipment supplier of YILPORT, were delivered safely to Gebze and Gemlik terminals following to the reaching the territorial waters of Turkey.
The RTG cranes which two of them delivered to Gebze terminal and 4 of them also transferred to Gemport respectively were carried via Kobe vessel belonging to German Heavylift company. As an indicator of the Turkish-Japanese and German cooperation, this transfer was carried out with utmost operational efficiency while considering the size of vessel and width of equipment.
State-of-the-Art RTG Cranes Arrived at Gebze and Gemport Terminals
YILPORT continues to invest in equipment. The six RTG cranes which were bought from Japanese Mitsui Paceco company which is the main equipment supplier of YILPORT, were delivered safely to Gebze and Gemlik terminals following to the reaching the territorial waters of Turkey. The RTG cranes which two of them delivered to Gebze terminal and 4 of them also transferred to Gemport respectively were carried via Kobe vessel belonging to German Heavylift company. As an indicator of the Turkish-Japanese and German cooperation, this transfer was carried out with utmost operational efficiency while considering the size of vessel and width of equipment. Cranes are expected to be operational following the completion of installation and commissioning processes until the end of July.
With this investment made due to the increasing volume of business at the Gebze and Gemlik terminals, our processes will gain a significant momentum to provide efficient service to our customers in a shorter time. Source: YILPORT
U.S. trader Bunge to focus Russian grain operations on Azov Sea
U.S. trader Bunge said it would focus its Russian grain trading on its Azov Sea export terminal near the southern city of Rostov-on-Don in an effort to boost efficiency.
Grain traders have struggled with rising competition in Russia, one of the world’s largest wheat exporters, in recent years, while their trading margins have also been squeezed.
Bunge’s move highlights rising competition in deep-water ports in Russia’s part of the Black Sea, from which traders supply grain by large ships to customers such as Egypt, the world’s largest wheat importer.
The shallow-water ports of the Azov Sea usually supply grain by smaller ships to customers like Turkey.
“Concentrating operations on a company-owned shallow water port terminal could give the advantage of low costs for niche business,” one trader said.
Bunge is the “B” of the so-called ABCDs of global grain trading, which also include rivals Archer Daniels Midland Co, Cargill Inc and Louis Dreyfus Co. www.hellenicshipp...
Gwadar port’s terminal is slated to become largely a container terminal after a ship carrying new STS cranes recently docked at the harbour.
Deputy collector Customs Gwadar confirmed that the ship, Zhenghua 28, recently brought the cargo.
He said the replacement of the installed cranes with the new equipment will further facilitate CPEC-related cargo activity and exports.
The goods declaration for the three cranes has been filed and the STS cranes will be installed in a month’s time.
The new cranes are expected to reduce port handling times.
Terminal De Carvão da Matola, (TCM) now geared to load Panamax ships
The recent dredging to the Port of Maputo access channel, early this year, from -11 to 14.3 meters served as an enabler to other infrastructure projects, some already taking place at the Port. Terminal de Carvão da Matola (TCM), an open storage dry bulk handling terminal customised to handle coal and magnetite, is the port’s first terminal to take full advantage of the dredging initiative with the completion of the Berth Deepening and Quay Offset project.
The works, which were completed on 4 July 2017, included, the deepening of its existing berth pocket to -15.4 meters below Chart Datum to accommodate fully-laden Panamax vessels, refurbishment work and the installation of a new fender support structure and fender system extending the quay by an 8.5 meter offset. Furthermore, the larger TCM ship loader has been modified, with the boom extended to load at this offset. An engineering study is underway to evaluate the changes that need to be made to the second ship loader, where the modifications will then be implemented in the latter half of the year.
The installations and modifications were completed during a 19 calendar day operational shutdown of the existing quay. The berth was reopened on 5 July 2017 and the first Panamax vessel successfully loaded 83 403 tons and sailed on 8 July destined for China.
“Congratulations to the project team and contractors for completing the project as scheduled and we thank our customers for their support during the process”, said Bongiwe Ntuli, CEO Grindrod Freight Services. www.hellenicshipp...