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22nd consecutive win demonstrates leadership of DP World’s flagship facility: Sultan Ahmed Bin Sulayem

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  • Work on 1,100 m berth in full swing; to be completed by December 2016
  • Expansion project to come up at an investment of Rs 750 crore. Existing investment of
    Rs 2,450 crore to take the total investment in Hazira port to Rs 3,200 crore
  • Post expansion, cargo handling capacity to increase to 50 MTPA from existing 30 MTPA.
  • 80% increase in traffic in Q1 FY17 to 4.4 MT, as against 2.4 MT in the corresponding
    quarter in the previous fiscal. Cargo handling at port is expected to reach 24 MT in FY17
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Panama City, Panama, July 25, 2016 — Today, the Panama Canal marked another milestone with the transit of the first-ever liquefied natural gas (LNG) carrier through its expanded locks.

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Dubai/ UAE, Tuesday 26 July 2016: – DP World Limited handled 31.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during the first half of 2016, with gross container volumes growing by 2.5% on a reported basis, and up 1.2% on a like-for-like basis.

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MOU to explore growth opportunities in Taiwan’s port infrastructure to enhance the country’s trade potential and economic prospects

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Last week Antwerp Port Authority signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran. Bandar Abbas accounts for 90% of the in- and outgoing containers of Iran and for nearly half of the 200 million tonnes of freight handled by the 11 Iranian ports put together. The Memorandum of Understanding was signed at the headquarters of the Ports & Maritime Organisation in Teheran which is responsible for managing these 11 ports. The agreement runs for a period of five years, after which it can be renewed.

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It was an early victory for one of ICTSI’s most anticipated container terminal projects.  

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Hamburger Hafen und Logistik AG (HHLA) has completed the expansion of the rail terminal at its Container Terminal Altenwerder (CTA) significantly earlier than planned. Following the construction period, regular operations will resume as early as 1 August 2016, which is two months sooner than originally calculated. The CTA’s rail terminal now has nine tracks, instead of the previous seven. The expansion will increase the terminal’s capacity by 140,000 standard containers (TEU) to 930,000 TEU per year.

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APM Terminals Cotonou, operating as Coman SA at Benin’s primary port, adds two new cranes, the largest mobile cranes in the Benin port.

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The port of Antwerp handled a freight volume of 108,317,922 tonnes in the first six months of this year, 3.6% more than in the same period last year. The container volume in TEU expanded by 4.4% while liquid bulk grew even more, by 8.4%, confirming its position as a leading source of growth in the port of Antwerp.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

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