On 31 December 2013, the concession for the management and operations at Zayed Port will be returned to the port authority, Abu Dhabi Ports Company ( ADPC ).
The concession is being returned to ADPC in line with the original planning for port capacity for the emirate of Abu Dhabi. This planning was outlined when ADPC was established.
ADT and ADPC have a long established close working partnership and have assembled a dedicated specialist team to manage the handover. That team and all of our employees at Zayed Port will be working to ensure that 'business continues as normal' both during the transition period and from 1 January 2014, when ADPC takes over.
Largest single shipment achieved with 'Hugo N' on record sailing draft
The largest single shipment of iron ore left Port Hedland on 5 December 2013 with 263,962 tonnes onboard the vessel Hugo N.
The Fortescue loaded iron ore carrier also left the port with a record-breaking sailing draft of 19.65 metres. This single shipment broke the previous record achieved by the Wugang Haoyun last month by 939 tonnes. Source: Port Hedland Port Authority
Manila's ICTSI gets go-ahead to run Nigeria's Lekki container terminal (at Lagos Free trade Zone)
International Container Terminal Services Inc (ICTSI) and joint investor Singapore-based Tolaram Group have been given the go-ahead by Nigerian government to run a container terminal in Nigeria's Lagos Free Trade Zone.
The 21-year build, operate and transfer contract for the Lekki International Container Terminal Services (LICTS) facility will involve an overall investment of US$1.4 billion to build the terminal of initial annual capacity of 2.5 million TEU when it opens in 2016.
The terminal, 80 kilometres east of downtown Lagos, will have a 1.2-kilometre long quay to accommodate the handling of 10,000-TEU ships supported by handling equipment, including 14 super-post-panamax cranes and $225 million in terminal software.
ICTSI's heavy lift gears in Tacloban to support relief supplies delivery
MANILA's International Container Terminal Services Inc (ICTSI), has acquired a brand new mobile harbour crane (MHC) at the Port of Tacloban, its first container crane in the port's history.
Its delivery will help to speed up the delivery of relief supplies to the city of Tacloban which is the hardest hit by the super typhoon. It will join a recent delivery of ICTSI cargo handling equipment valued at more than US$5 million.
The MHC was delivered on board the 9,544-dwt Gloria, from Hamburg shipping firm, SAL-Heavylift GmbH, with its Filipino crew. SAL provided the passage from Davao to Tacloban free of charge. Stinis of Holland also donated two spreaders that would be used by the MHC.
Tianjin Port docks largest container ship ever - Eugen Maersk
Port of Tianjin recently handled the largest containership that has ever called at the port, the 15,550-TEU Eugen Maersk, Xinhua reports.
At 170,794 gross tonnes, it is 397.7 metres long and 56.4 metres wide with a draft of 16 metres.
The ship came from Dalian carrying 150,000 tonnes of freight, and called at Tianjin Port Alliance International Container Terminal's N4 berth. It stayed at Tianjin for 24 hours, loaded and unloaded 5,500 containers and departed for Qingdao.
Indian ship breakers pause after second-hand vessels increase in value
INDIAN ship scrap yards have slowed down recently because higher prices for older ships made owners less willing to scrap, according to London-based Clarkson Research Services.
Clarksons also warned of a risk of speculative purchases by cash buyers banking on a market hike in the coming weeks. "Some cash buyers are offering impressive rates, which are clearly not backed up by the rates on offer from the recyclers themselves," Clarkson said.
"These are certainly good incentives from the cash buyers to draw tonnage to the market and play with numbers on their resale. However, whether this game rewards the cash buyers with any semblance of a profit remains to be seen.
"It is presently a very tough market to call, with each unit requiring an individual valuation, which takes account of many differing factors."
Pakistan-based buyers have been increasingly active in recent weeks, offering strong rates to snatch large tonnage from their India and Bangladesh-based rivals.
Cosco Pacific invests a further EUR230m ($313m) into developing the port.
Under a new agreement with the Piraeus Port Authority (PPA) the Chinese group’s Cosco Pacific will take its ambitious programme to turn Piraeus into China’s gateway to Europe, a step further as it invests a further EUR230m ($313m) into developing the port. It is also expected to provide a boost for the Athens government's stalled sell-off programme, while Piraeus has received an accolade from China's Transport minister. The deal is expected to secure PPA’s future revenues and open the way for the stalled privatisation of Piraeus port and kick-start privatisation of Greece’s second port Thessaloniki, and developed as a major gateway to eastern Europe.
According to DBS, with the infrastructure in place, the Singapore Tourism Board targets to attract 1.5m cruise passengers by 2015, up from c.0.9m that sailed into Singapore in 2012. The STB also believes that Singapore has the ability to be one of the key hubs in the region.
Leveraging on its strategic location between major international maritime routes, Singapore is already home to several of the world’s top cruise lines such as Star Cruises, Royal Caribbean International, Silversea Cruises and P&O Princess. With the opening of the new Marina Bay Cruise Terminal, Singapore has the capacity and infrastructure to accommodate large cruise ships and have seen large players like cruise groups Carnival and Celebrity Cruises to set up shop over the past year.
- See more at: sbr.com.sg/hotels...
Chinese entrepreneur splashes $3bn in Ukraine port project
Beijing: Chinese entrepreneur Wang Jing, who is behind the Nicaragua Canal project, has announced that he will invest $3bn to build a deepwater port in the Ukraine. The $3bn first phase, 300 hectare port project, is to be located about 60 km north of Sevastopol on the Black Sea. "The strategic and cooperative partnership between China and Ukraine has moved a step forward," Wang said at a press conference in Beijing on Thursday. The second $7bn phase project would include an airport, LNG terminal and shipyard. [06/12/13]