News

Gautam Adani is looking to expand his ports empire by closing in on buying a 65-70 per cent stake in Krishnapatnam Port Company Ltd, the entity promoted by Hyderabad-based CVR Group to run a private deep-water port at Krishnapatnam in Andhra Pradesh’s Nellore district. Adani Ports and Special Economic Zone (APSEZ), India’s biggest private port operator, is expected to pay more than ₹5,500 crore to buy the stake which will give it access to the country’s largest waterfront area (for a port) of 12.5 km and a transit storage area of 6,800 acres. It started operations in 2008. Currently, the port has a draft of 18.5 metres, a depth that can accommodate full-loaded Capesize vessel of 200,000-tonne capacity.

Chinese city-gas distributor Shenzhen Gas will launch next week in southern China its first fully-owned terminal to import liquefied natural gas (LNG), a company executive told Reuters on Friday. This will make Shenzhen Gas the second city gas distributor backed by a local government that owns an LNG import facility.

ENCHANTED PRINCESS, the fifth in a line of six Royal Class ships built for Princess Cruises, was floated out on 6 August at Fincantieri’s shipyard in Monfalcone.

On August 1, ABP announced new customers for the Port of Immingham this week: The port welcomed the first vessel in a new contract with customers Top Blue and The Fuel Trading Company. The new deal is expected to bring an extra 30,000 tonnes per year through the Port of Immingham – the largest Port by tonnage in the UK. The cargo being delivered is Prilled Urea which is a key part of the mixture for the AdBlue market.

The new Lamu Port in Kenya took a big step towards completion yesterday with the announcement that its first of 22 berths is finished. According to the South Sudan and Ethiopia Transport Corridor Development Authority, the second and third berths will be completed by December 2020.

Starting August 1 and until November 30, 2019, the Panama Canal will promote the implementation of the International Maritime Organization’s (IMO) annual recommendations on speed and maritime transit aimed at protecting cetaceans, which include whales, dolphins and other large aquatic mammals, during their nearby seasonal migration. With these measures, ships should proceed at a speed of not more than 10 knots in specified areas. Panama has monitored this requirement since December 1, 2014 when maritime traffic separation devices (TSS) were installed by both the Caribbean Sea and Pacific Ocean entry points to the Canal.

The Port of Salalah, Oman’s major regional gateway port and transshipment hub on the Arabian Sea, set another record in productivity with a delivering 412.97 Port Moves per Hour (PMPH) on vessel Cap San Tainaro handling 3,820 moves in a port stay of 9.25 hours. This is the highest productivity delivered by any port in the region till date.

In the morning of Aug 17, 2019, around 7 a.m. a fire broke out aboard the Namibian trawler "Ocean Tide", 296 gt (IMO: 7220839), which was moored at the jetty of the Seaworks Fish Processors. One of the 20 crew members on board, was found dead following the fire. The deceased was identified as 40-year-old Hausiku Mathews Sivambo. It was believed he became trapped inside the vessel and burned to death. His body was removed the next morning. The family of the deceased was present at the scene. A police investigation into the cause of the fire was ongoing. Report with photo: https://www.nbc.na/news/one-dead-after-vessel-caught-fire-walvis-bay.21902

Kinder Morgan, Inc. (NYSE: KMI) announced a series of projects, totaling over $170 million of capital investment, that will increase efficiency, add product liquidity, and enhance blending capabilities at its Pasadena and Galena Park terminals, part of its best-in-class refined products storage hub on the Houston Ship Channel. In response to growing customer demand, KMI’s liquids terminal platform now boasts 10 ship docks, 38 barge spots, 20 inbound pipelines providing connectivity to 10 regional refineries and chemical plants, 15 outbound pipelines, 14 cross-channel lines, and approximately 43 million barrels of storage on the Houston Ship Channel, North America’s leading port for energy exports.

Expansion works on the Takoradi Port have started with the construction of a multipurpose on-dock Atlantic Container Terminal. The project will see the port basin being dredged to create a 16-metre depth and land reclamation for the building of five new berths to hold bigger capacity vessels. A visit to the Takoradi Port in the Western Region revealed that the contractors were casting the foundation stones for the quay wall to herald the expansion project at the port. The project, being developed by Ibistek Ghana Limited at a cost of $475 million, marks the first time a wholly owned Ghanaian firm has been engaged in port development in the country. The Atlantic terminal, which will be the major development in the history of the Takoradi port when completed, will have a cargo holding space of one million twenty-footer equivalent units (TEUs), an upscale from the average container traffic of about 55,000 TEUs a year.

Terminal operator APM Terminals (APMT) has released a video of the final three ship-to-shore (STS) cranes arriving at the Vado Gateway terminal, which it hopes will be the next major logistics hub for the Mediterranean and Europe. The Vado Gateway terminal is scheduled to open on December 12, 2019, and will be built with a 700-meter deep-sea berth specifically to handle the latest Ultra Large Container Ships (ULCS), as well as an automated gate and stacking area. APMT announced the inauguration date in July 2019 – a story PTI reported on at the time. Located in the Vado Ligure Port Complex in the northwest of the country, it will be the first semi-automated port in Italy and be integrated with an already existing reefer terminal.

The Port of Hamburg, Germany’s largest universal port, saw its inland and hinterland cargo traffic grow by 12.1% – 2.57 million tons – in the first quarter of 2019, according to its latest financial results. The data also shows that, for the first quarter of 2019, the Port has handled 34,640 TEU – 20ft standard containers – an increase of 20% in comparison with the same period last year.

Shandong BaoMa Fisheries Group has shelved plans to build a port in the Uruguayan capital Montevideo that could accommodate 500 Chinese vessels, amid legal complications and strong opposition from local residents and environmental organisations. The US$200 million project, which included a free trade zone, shipyard and fish processing and freezing plants, on a private 28-hectare site in Punta Yeguas, a mostly rural area with a public park, required a change in the legal designation of the land.

This is the 22nd marine port in Yilport Holding’s portfolio, and its first terminal in Italy. The company, ranked 12th among international container terminal operators by Drewry, targets to be ranked among the top 10 by 2025. Chairman Robert Yuksel Yildirim made the following remarks at the signing ceremony: “We have a strong presence in the Mediterranean. We are in Malta and operate seven ports between Spain and Portugal. Being able to enter Italy and work here in Taranto is like filling in the missing piece of a puzzle that we are building globally. The infrastructure was there but there was no one to take care of it. Our intention is to create another success story in Taranto. From today until the end of this year, we will be fixing cranes to ramp up business, visiting potential customers, and promote the container terminal. The project also aims to cooperate with local operators to improve cargo and ro-ro traffic.”

Australia’s New South Wales government said on Wednesday it will fast track its review of a liquefied natural gas (LNG) import terminal at the port of Newcastle, proposed by a South Korean firm, as the state urgently looks to beef up gas supply. The $430 million Newcastle GasDock LNG project, planned by South Korean firm EPIK, was declared “critical state significant infrastructure”, which means the project will not have to go to the state’s independent planning commission for approval, saving several months in the review process.

Germany’s largest universal port remains on a growth course, achieving a distinct 4.1 percent advance to 69.4 million tons in seaborne cargo handling in the first half of 2019. Especially good growth trend in the general cargo segment, up 6.1 percent at 48.4 million tons, was the main contributor to the excellent figures for total and container handling. The total for bulk cargo handling was just 0.3 percent lower than for last year’s first half at 21.0 million tons. Germany’s largest universal port remains on a growth course, achieving a distinct 4.1 percent advance to 69.4 million tons in seaborne cargo handling in the first half of 2019. Especially good growth trend in the general cargo segment, up 6.1 percent at 48.4 million tons, was the main contributor to the excellent figures for total and container handling. The total for bulk cargo handling was just 0.3 percent lower than for last year’s first half at 21.0 million tons.

Icebreaker assistance and ice restrictions for ships entering the basin of Section No.1 at the Port of Sabetta, Yamal and access channel are canceled as of 00:00 Moscow time, August 6. The corresponding order was signed by the Port Harbourmaster Nikolay Nesterov. The order says that there is a possibility of separately floating ice floes, therefore masters of ships sailing in this water area of the Port of Sabetta and on approaches to the port are advised to exercise caution. Arctic Port of Sabetta is built on the western shore of the Gulf of Ob (Kara Sea) for transshipment of hydrocarbons from the South-Tambey gas condensate field on the Yamal peninsula to the Western Europe, South America and APR countries under Yamal LNG project. The project envisages the construction of an LNG plant capable of producing 16.5 million metric tonnes of LNG and 1.35 million tonnes of gas condensate annually

The Government of Maharashtra, India, India has named the Virgin Hyperloop One – DP World Consortium as Original Project Proponent (OPP) for the Pune-Mumbai Hyperloop Project, making it the first hyperloop project in the world. In a statement, Virgin Hyperloop One described it as a “landmark announcement” for the building of the Mumbai-Pune hyperloop transportation system.

Financing has been secured for a €305m infrastructure upgrade by Gabon Special Economic Zone Ports (GSEZ Ports) at Owendo Port in Gabon. PIDG company, the Emerging Africa Infrastructure Fund (EAIF), has arranged the long-term debt finance for GSEZ Ports, which has been awarded a 30-year concession to build and operate the port. EAIF is also lending the company €40m over 15 years, while the African Development Bank (AfDB), which led the structuring of the finance, is lending €40m.

Mumbai Port’s decision to raise the draft level to 10.3 metres and 11 metres to dock vessels at BPX and BPS respectively, subject to low tides being over 60 cm has been welcomed by maritime fraternity. This has avoided the waiting period for the vessels arriving with deep drafts till the tide is favorable for berthing. At times, such vessels had to arrange for discharging the import cargo for reducing the draft in stream and only subsequently berth at BPX/BPS.