Outlook / Forecast
Maritime & Transport Business Solutions (MTBS) has been engaged by the Asian Development Bank (ADB) and Sri Lanka Ports Authority (SLPA) to develop Sri Lanka’s National Ports Master Plan. The comprehensive Master Plan aims to strengthen the port sector in Sri Lanka, traditionally a crucial link in the global maritime trade routes. The Master Plan assignment will commence on the 30th of November 2016 and will include technical, operational, commercial, legal, and financial/economic activities relating to the Master Plan’s following three main components.
On November 30th 2016, Maritime & Transport Business Solutions (MTBS), the Rotterdam (NL) based maritime and ports sector consultancy firm, successfully delivered the Croatian National Development Plan for the country’s six ports of international economic interest.
London, UK, 6 October 2016 - The last three months have been some of the worst the multipurpose and project carrier sector has endured in living memory. The breakbulk and project cargo sector remain weak, with little suggestion that volumes will improve significantly until the end of 2017, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry.
A third of EU spending on facilities such as quays, docks and breakwaters at EU seaports between 2000 and 2013 was ineffective and unsustainable, according to a new report from the European Court of Auditors. One euro in three spent on the projects examined (€194 million) went on projects which duplicated existing facilities nearby. €97 million was invested in infrastructure which was either unused or heavily underused for more than three years after completion.
London, UK, 1 August 2016 – Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to the Global Container Terminal Operators Annual Review and Forecast 2016 report published by global shipping consultancy Drewry.
2015 was a very good year for the Port of Cork and subsidiaries. The combined traffic amounted to 11.02 million tonnes compared to 10.15 million tonnes in 2015 which represented an increase of 871,713 million tonnes or 8.6%. Container traffic at the Tivoli Container Terminal increased by a further 8% following a 13% increase in 2014, oil traffic increased by 21%, trade car imports increased by 48% and 56 cruise liners with a gross tonnage of 4 million tonnes, brought a record 144,000 passengers and crew to the region in 2015.
Papendrecht, 8 July 2016
Royal Boskalis Westminster N.V. (Boskalis) announces that it has completed its fleet rationalization study announced earlier this year. The study was initiated in light of deteriorating market conditions and an expected prolonged period of low energy and commodity prices. Based on the results of the study it has been decided to take 24 vessels out of service in the coming two years. This will result in the loss of approximately 650 jobs worldwide during this period.