Poor global growth hits Indian exports, while slow domestic revival hurts imports.
Nine months of a continuous downtrend in exports, weak economic revival and global trade have led to a steep fall in the traffic at Adani Ports and Gujarat Pipavav, that cumulatively account for around 70 per cent of India’s port volumes.
“It suggests a material slowdown in port traffic growth in the first half (January-June) of 2015 at 3.9 per cent,” says a Bank of America Merrill Lynch report.
“A weaker-than-expected domestic revival has impacted non-oil and non-gold imports, while weak global growth continues to impact exports growth,” it said, adding that it expects container traffic growth to be subdued in the near-term.
After registering a robust 11 per cent yoy growth during April-December 2014, the container traffic has slowed down to just 3.9 per cent yoy from January to June this year owing to the weak exports and imports. “Besides, we believe that with containerisation already less than 50 per cent, the scope for its rapid expansion going forward is limited,” said the report.
Similarly, data released by Chennai Port Trust, the container cargo traffic at Chennai port from April to August was 1.29 crore tonne as against the target was 1.54 crore tonnes. The port handled 68.72 lakh tonnes of import and 60.36 lakh tonnes of export. www.hellenicshipp...
PortMiami Completes Major Harbor Deepening Project
The Port of Miami is now the only major logistics hub south of Virginia capable of handling fully laden post-Panamax vessels with the completion of a major harbor deepening project ahead of the opening of the new expanded Panama Canal in 2016.
PortMiami, as the port is known officially, celebrated the completion of the Deep Dredge Project and On-Dock Intermodal Rail last week, which involved more than $1 billion of capital infrastructure projects including the deepening of the of PortMiami’s channel to 50/52 feet deep from just 42 feet.
PortMiami now also offers Super Post-Panamax gantry cranes that can service cargo vessels up to 22 containers wide and up to nine containers above deck and eleven containers below, as well as an on-dock intermodal rail service connecting the port to 70% of the U.S. population in just four days or less. A new fast access tunnel also connects the Port directly to U.S. Interstates for faster turnaround times imported and exported goods. gcaptain.com/port...
Feds seize $6 million worth of cocaine at Port of Philadelphia
Federal law enforcement seized 363 pounds of cocaine last week that was concealed in cases of Costa Rican pumpkins and squash.
Officials say the cocaine was shaped in 384 long, thin packages that were laminated to the inside of the fruit case box flaps. The container of fruit arrived at the Port of Philadelphia on September 17 aboard a cargo ship and was destined to a distributor in the Bronx, New York.
U.S. Customs and Border Protection (CBP) officers discovered the cocaine during an inspection of the shipping container and its contents. Officials say field tests confirmed the white, powdery substance as cocaine.
Officials say the cocaine weighed 164.7 kilograms, or a little more than 363 pounds, and has a street value of more than $6 million. It is CBP’s eighth largest cocaine seizure in the Port of Philadelphia.
No arrests have been made, and the investigation continues.
Locks maintenance will see Panama Canal capacity dip by half in coming week
The Panama Canal’s capacity could drop by half in the coming week as locks are selectively taken out of service for the performance of scheduled maintenance work, according to GAC Wilford & McKay which provides shipping services to users of the Canal.
Pedro Miguel locks’ west lanes will undergo gate repairs and maintenance on the conductor slots and valves starting on Tuesday and lasting until the end of September.
East lanes of the Miraflores and Gatun locks will also face stoppages, but only intermittent ones, for repairs on the conductor slots and other maintenance work. The controversial cracks in the new third locks, key elements of the Canal’s current expansion programme, are not mentioned as factors in these decisions by GAC.
Vessels could be delayed by up to a week and GAC estimates a 50% fall in capacity for these eight days. splash247.com/loc...
Hamad Port will increase its handling capacity to 6-million teu by 2020, with the first phase of the mega project due to open at the end of 2016, officials speaking at the 4th annual Qatar Transport Forum revealed.
At the Forum, experts said Qatar is moving ahead with more than US $40-billion worth of planned transport projects. These include the expansion of Hamad Port, the Doha Metro and long-distance passenger and freight network, and the expressway programme.
One of the highlights of the Qatar Transport Forum was the unveiling of plans for the estimated US $8-billion expansion of Hamad International Airport (HIA). NDIA Steering Committee Project Director Peter Daley, said the project includes an expansion of the main terminal building and concourse D and E.
Also revealed for the first time were plans for two additional container terminals at Hamad Port that will increase US $7.3-billion project’s handling capacity to 6 million teu.
Qatar Rail’s chief of service delivery Andrew Tailor updated the Forum on Qatar’s US $20-billion-plus integrated transport plan, which includes 21 tunnel boring machines being used on the Doha Metro project, a world record.
The project so far has seen almost 50 kilometres of tunnels completed. A total of 26,000 workers are employed on the project, equating to more than 78 million man hours worked as of the end of August.
Work on the Lusail tram scheme is even more advanced, with four of the five at grade stations completed, while the tender for the first phase design and build of the long-distance freight and rail network will be issued to contractors early next year.
On the roads side, Nasser al-Kuwari, manager of highway projects department at Ashghal, presented an overview of the US $10.8-billion expressway programme. The massive project, which involves 1,000km of new or upgraded roads, 240 major interchanges and 360 bridges, has already seen 43 major contracts awarded.
A total of 15 contracts are either in the market or are being prepared, while a further 23 are in the planning stage.
Source: Arabian Supply Chain
Two leading cruise lines are making Abu Dhabi their home port for winter cruises. MSC Cruises is offering 16 week-long cruises on the 2,550-berth MSC Musica out of Zayed Port from December 13 2015 to March 26 2016. Passengers will enjoy visits to ports in Sharjah, Oman and Dubai.
Next year Celebrity Cruises will offer 9- and 14-night cruises out of Zayed Port between November 2016 and mid-January 2017 on their co-flagship Celebrity Constellation.
These decisions are the result of the imminent opening of the the new Abu Dhabi Cruise Terminal designed to welcome 220,000 passengers from 113 ship calls. The state-of-the-art development will offer facilities for 24-hour immigration and customs services, banking, shopping, dining and road transport.
Abu Dhabi also confidently expects thousands of bednights to result from pre- and post-cruise stays by the cruise passengers. www.incentivetrav...
Royal Caribbean considering Botany Bay as new Australia homeport
Royal Caribbean is poised to move its home port in Australia from Sydney Harbor to Port Botany as a way to get around the cruise ship overcrowding issue in Sydney. Cruise Critic reports that Royal Caribbean regional vice president Asia Pacific, Gavin Smith, believes Port Botany was "more commercially confident" of a solution because of a drop in traffic at Port Botany.
Syndey Harbor has been the homeport for Royal Caribbean ships but the fact there is only one berth that can handle mega-sized cruise ships means Royal Caribbean needs more options.
If Port Botany was selected as homeport, Royal Caribbean ships would leave Port Botany at 4pm and then sail into Sydney Harbor at around 6pm to give a great view of the city before heading out to sea. www.royalcaribbea...
St. John's Welcomes Largest Cruise Ship to Ever Visit City
The largest ship ever to arrive in St. John's harbour slipped through the Narrows Tuesday morning (Sept. 22). The Regal Princess arrived at 7:00 this morning with nearly 5,000 passengers and crew on board for a day long visit to the capital city area.
Don, a passenger from Australia, says he was amazed as the huge ship made its way through the entrance to the harbour.
The Regal Princess left port at 5 p.m. headed for New York.
Monroe's Lake Erie port getting first-ever state loans
For the first time, Michigan's economic development arm has decided to lend money to improve a Great Lakes port as it tries to boost waterway cargo transportation throughout the state.
The Michigan Strategic Fund run by the Michigan Economic Development Corp. approved up to $3 million in state-backed, zero-interest loans on Tuesday for the City of Monroe's port improvement effort. The loans to improve the Lake Erie port will be repaid using tax revenue from businesses at the port over eight years, officials said.
“These improvements will transform the Port of Monroe into a center of economic activity and a premier general cargo handling facility on the Great Lakes,” MEDC Chief Executive Officer Steve Arwood said in a statement.
The Monroe project calls for dredging the River Raisin and other improvements to increase accessibility to the port, reduce cargo delays, and accommodate larger vessels with increased shipping capacity. MEDC officials did not release an estimated economic impact as a result of the port upgrade. The port director did not immediately return a call for comment. www.freep.com/sto...
Port of Ramsgate: Ferry expert Bill Moses says new passenger services can attract 500,000 people a year
A ferry expert is hoping to take control of a quiet Kent port and relaunch passenger services after a series of meetings with senior politicians who have backed his idea.
Bill Moses, a veteran of 45 years in the industry, has outlined plans for an operator to carry up to 500,000 passengers by its second year of full-time operation at the Port of Ramsgate.
The commercial docks have laid largely dormant since TransEuropa Ferries went bust two years ago, owing £3.4 million in unpaid fees to the site owner Thanet council, which wrote off the money. Mr Moses, who was born in Ramsgate, said economic conditions were ripe for a passenger service despite several previous failures, including Sally Line, which he ran in the 1990s.
He has had meetings with Kent County Council and Thanet South MP Craig Mackinlay, as well as Thanet council, and says he has attracted interest on the other side of the Channel.
"It is surely time to invite local residents to a public meeting to seek their endorsement of proposals for a more professional approach...” - Bill Moses, passenger and freight shipping consultant
He said: “My interest and involvement is driven by experience, industry contacts and a heartfelt desire to see Ramsgate fulfil its enormous potential as a ferry port.
"I want it to be an economic powerhouse for Thanet with all the jobs and economic gains that would follow.
“We have tremendous support from the other side of the Channel.
"Unless Thanet District Council provides evidence that a credible ferry operator is in the offing, it is surely time to invite local residents to a public meeting to seek their endorsement of proposals for a more professional approach.” www.kentonline.co...