Latest News – Page 1158
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NewsJNPT congestion..
JN Port''s two existing container terminals continue to suffer congestion problems with some 14,000TEUs rumoured to be effectively trapped within the various stacking yards because of insufficient block trains to move them.
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..and P&O Ports' CCCL at Chennai following suit
P& O Ports is also facing congestion problems at Chennai on India''s east coast, where feeder operators increased the congestion surcharge from $15 to $50/TEU as from July 15. Chennai International Container Terminal Ltd (CCCL) has been suffering from serious berthing delays and a drop in productivity following a strike ...
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Inflexible decision-making dogs Indian ports
India''s recently published Economic Survey 2003-2004 highlighted the main problems faced by the country''s 12 leading ports - Kolkata (Calcutta), Chennai, Cochin, Ennore, JNPT, Kandla, Marmagao, Mumbai, New Mangalore, Paradip, Tuticorin and Visakhapatnam - which handle 76% of national port volumes.
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NewsICTSI sees 100%+ increase in half-year profits
ICTSI has doubled its half-year profits compared to the same period in 2003. The company''s international operations in Gdynia, Poland and at Tecon Suape, Brazil made a significant contribution to the result. ICTSI reports that net profits for the first half of 2004 were $8m, up 101% compared with $3,98m ...
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IRANIAN DEAL FOR ALPS
Ironically, while PSA Corp is backing out of India - see preceding story - a consortium of Indian companies has taken their expertise overseas and signed a deal to set up a container terminal at the Iranian port of Chabahar.
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PTP REPORTS RECORD GROWTH
The Tecon Suape terminal reported profits for the first time with these following on from a significant increase in cargo throughput and positive management initiatives on the part of ICTSI to introduce more efficient operational procedures and working practices.Malaysia's PTP, Singapore's new rival, reported a 25% first half throughput increase ...
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SHANGHAI EXPECTS
The Tecon Suape terminal reported profits for the first time with these following on from a significant increase in cargo throughput and positive management initiatives on the part of ICTSI to introduce more efficient operational procedures and working practices.The latest traffic forecast from Shanghai estimates a container throughput of 14mTEU ...
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PSA pulls out of India
Indian port news is plentiful this month with the " ins and outs" of investment strategy, congestion issues, new development plans and mooted institutional change in port authority operating structures, all generating items of interest.
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P&O Ports signs for Bengal box terminal
The international terminal operator that has shown most commitment to India is P& O Ports and it has just reaffirmed this by securing the rights to become an investor in Bengal Port Ltd (BPL). In early August, according to a P& O Group announcement, P& O Ports signed development and ...
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PARADIP CLOSING DATE
15 September 2004 is the closing date for qualifying bids for a BOT project for the construction of a new iron ore export facility at Paradip on India''s east coast.
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SHENZHEN CONTINUES TO CLIMB
The Chinese port of Shenzhen reported a 32% first half throughput growth with a total of 6.06mTEU, in line with expectations. The port''s three terminals forecast reaching at least 13mTEU by the end of the year.
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NO WALTZ ON THE DANUBE
Creating an all-river route from the Atlantic to the Black Sea remains problematic. The European Union is financing upgrades along the Main-Danube canal, but barge transit times remain too long. In addition, low bridges restrict container carryings to twohigh, although a recent study showed that three-high carriage is possible with ...
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NewsCRUNCH TIME FOR THE RHINE
Barging containers along the river Rhine is an increasingly popular transport mode. But, as Neil Madden reports, congestion problems at the river''s seaport end have proved frustrating for shippers and carriers.
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PRIVATE PARTICIPATION POINTS THE WAY
Undeterred by the worries that have beset the Bombay Stock Exchange since a new government took power in India in May, port throughput volumes have continued to rise across the country, up 7% compared to last year, and it is the bulk industry which remains its main driver. Gavin van ...
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NewsCOASTAL AND TRANSHIPMENT OPPORTUNITIES FOR SAUDI
Jeremy Brown reports that when current reforms and the easing of Customs restrictions are complete, the Saudi regulatory framework will be more supportive of port trade development and should allow ports to better benefit from their unique trading position. New coastal shipping options and transhipment opportunities can then emerge.
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NewsFREE ZONE FORMULA OR FRENZY?
Many a port, both in the Middle East and elsewhere, seeks to emulate the success of Dubai''s Jebel Ali Free Zone. Already a base for 2,800 companies from more than 100 countries, the Free Zone and Dubai Ports Authority (DPA) are inextricably linked. The Free Zone is built around the ...
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NewsDUBAI INC. DRIVES REGION FORWARD
War and security concerns, political and religious tensions - none of these things have dented the region''s seemingly relentless trade surge with the principal transhipment hubs all showing remarkable throughput increases (see Table 1).
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NewsAN IDEA WITH LEGS INCREASES PRODUCTIVITY
When ICTSI took over Baltic Container Terminal (BCT) Gdynia, it became clear that much of the equipment it took ownership of had been exceptionally well looked after. Jan Mors, BCT''s executive vice-president comments: " The function in the terminal was excellent. Technical and maintenance was good and equipment had at ...
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NewsREADY FOR A CHALLENGE
As Poland accedes to the European Union, Benedict Young assesses the county''s economic prospects and visits the port of Gdynia to investigate how it is preparing for the rigours of free European trade.
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NewsTIGHTENING HIS GRIP ON THE VEHICLE SECTOR
Emanuele Grimaldi has been managing director of the Naples-based Grimaldi Group since 1986 having previously worked as line manager on the company''s various international services. Alex Hughes talks to a shipowner who takes his terminal operations just as seriously.
