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Regulation and Policy

Wednesday, 03 September 2014

Venice wants to build offshore terminal

“Without the port’s activity, Venice dies,” has warned Paolo Costa, president of the Venice Port Authority, defending his project to build an offshore terminal capable of handling 20,000 TEU ships.

Western Australia (WA) will sell port handling facilities in Port Hedland and Kwinana in the first round of asset sales to reduce its debt levels and regain its triple A credit rating.

Shipping lines Maersk and MSC filed their 2M vessel-sharing proposal with the Federal Maritime Commission (FMC) this week. The joint venture is expected to notify customers of network and transit times by the end of September.

The Port of Shanghai has been ranked as the largest container port in the world by trade publication The Journal of Commerce (JOC). Shanghai remains in the top spot for the fourth year in a row, followed by Singapore in second place, Shezchen in third and Hong-Kong which falls one place to fourth.

Asian ports dominated the top positions as they tightened their grip on the rankings this year, holding 9 of the top 10 spots and filling 26 out of 50 places in the classifications.

“Asia is king among global container ports, even if stalwarts such as Hong Kong, which slipped to fourth place last year in part because of a 40-day dockworker strike at five terminals, have retreated a bit,” according to the JOC report.

The Middle East’s Jebel Ali port in Dubai ranked 9th, while Europe’s largest port, Rotterdam, once the world’s largest, came in at only 11th. JOC notes that construction of a “new APM terminal at Maasvlakte 2”, which is due to be completed towards the end of 2014, has the opportunity to increase throughput significantly at Rotterdam.

Growth powered by exports

The 26 Asian ports identified in the report delivered net growth of  4.2% year-on-year, and accounted for a record market share of 70.5% of the 421.3 million TEUs of cargo handled by the top 50 ports in 2013.

Asian exports were one of the key drivers of sustained investment in the Asian ports sector. Europe accounted for 13.5% market share while the Americas delivered 8.5% and  the Middle East and Africa produced 7.5% market share.

Thursday, 14 August 2014

HHLA profit drops in H1

Hamburger Hafen und Logistik (HHLA) has seen its profit drop by 10.2% to €26 million in the first half of the year.

Iran’s Transport Minister Abbas Akhoundi is calling for private investment, both domestic and foreign, into the country’s ports.

The Georgia Ports Authority (GPA) today announced that Savannah reached an all-time high in container trade in July, as US West Coast ports are losing volumes to East Coast facilities.

Tuesday, 12 August 2014

Marseilles and Tangier team up

Marseille Fos and Tangier Med have agreed to cooperate in order to establish a Ro-Ro line between the two ports in southern France and northern Morocco.

PT Pelabuhan Indonesia II refuses to cancel the contract extension it granted to Hutchison Port Holdings (HPH) to operate the Jakarta International Container Terminal (JICT) in Tanjung Priok, The Jakarta Post reports.

Brazil has authorised Cianport to establish a cargo transshipment station (ETC) in Itaituba, in the state of Para, paving the way for significant volumes of agribulk to be exported through its northern ports instead of its congested southern ports like Santos and Paranagua.

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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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