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Mega-container arrivals will benefit California ports In an interview, Jock O’Connell, Beacon Economics’ international trade advisor, told AJOT that the growing number of mega-container ships that are being delivered to ocean container carriers in 2017 and beyond are bound to benefit West Coast ports, including Long Beach, Los Angeles and Oakland, because “there are no ports on the East Coast and Gulf, at present, that can handle ships of this size.”

Published in Latest News
Wednesday, 26 April 2017 11:28

Big data in the marine sector

Ibna Zaman of Royston Diesel Power, the UK -based developer of the enginei fuel management system, highlights the growing operational advantages provided by the effective analysis of intelligent data in the marine sector – if certain challenges can be successfully overcome.

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Dubai Ports World Co and MSC Mediterranean Shipping Co SA are seizing on Brazil's three-year-long recession and rising debt levels among local port operators to bid for marine terminals in one of the world's top commodity exporters.

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The loading of iron ore at Brazil's Itaguaí terminal operated by mining and steel firm Companhia Siderúrgica Nacional has been halted since Saturday due to an accident, sources and the Itaguaí Port Authority told Reuters on Wednesday.

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South Korean shipbuilding company Samsung Heavy Industries (SHI) has won an order for an LNG carrier duo, according to a report from the country's news agency Yonhap.

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The port of Antwerp handled 54,324,303 tonnes of freight during the first three months of this year, 1.5% more than in the same period last year. The further growth is mainly due to container freight, which was up by 2% in terms of tonnage. In fact this has been the best first quarter ever, both for total overseas freight and for containers. And on top of all that the previous month was the best for containers that has ever been recorded in the port of Antwerp.

Published in Latest News
Wednesday, 19 April 2017 08:42

Siemens to set up global base in Dubai

Siemens has announced plans to set up its global logistics headquarters, including its portfolio for airports, cargo infrastructure and ports, in Dubai in the near future. The company will also target the site of Expo 2020 Dubai as the future location for this business after the exposition ends.

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South Korea's Hyundai Merchant Marine (HMM) has signed a letter of intent (LOI) with Daewoo Shipbuilding & Marine Engineering (DSME) for the construction of five 300,000 dwt very large crude carriers (VLCCs) with an option of five more vessels.

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Damen Shipyards Group has entered into an agreement with Keppel Offshore & Marine for the acquisition of the Keppel Verolme shipyard in Rotterdam.

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Brazilian container terminal operator Tecon Rio Grande (TRG) is currently installing $40million worth of new quay and patio equipment so it can deal with growing container volumes, part of which has been generated by a new feeder service from the Porto Alegre conurbation.

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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.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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