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Regulation and Policy

New research from maritime consultancy Shanghai International Shipping Institute (SISI) suggests that the recovery in global container trade is set to accelerate on the back of structural and regional transformations in the sector. 

A surprise fall in Chinese export growth for March may signal a slowdown in global trade, directly impacting shipping and port demand, according to analysts.

Terminal operator DP World has moved forward with plans to block the sale of the Port of Melbourne following a proposed 750% hike in rates at the site. The government of the Australian state of Victoria is keen to sell the site to raise much needed capital but has run into opposition from businesses in the port.

Authorities at India’s Kandla Port have announced plans to set up a 5,000 hectare special economic zone (SEZ) to serve the ports of Kandla and Tuna in Gujarat, Northern India.

ICTSI Oregon, the operator of the Port of Portland, has stated it is ‘very disappointed’ at shipping firm Hapag-Lloyd’s decision to cease its direct MPS service to the port but remains “committed” to the region and to finding new direct container services to replace the loss in volume.

Logistics service provider Contargo and its subsidiary Transbox have initiated congestion charges at the Port of Rotterdam in response to rising costs and bottlenecks at the port.

French shipping giant CMA CGM expects strategic alliances to continue driving growth for its international container business this year, following a set of strong financial results for 2014. The company highlighted the success to date of its Ocean Three alliance as one of the key drivers for a 5.3% rise in revenues last year.

Port operator and logistics firm Gulftainer expects the volume of containers it handles over the coming decade to triple as global sea trade booms. The prediction follows growth of 8% in 2014 when the company handled a total 6.4 million TEUS.

Chinese terminal operator Shanghai International Port Group (SIPG) has been selected to operate the new Haifa Bay port in Israel when it launches early next decade, authorities report.

Container terminal firm APM Terminals has welcomed a milestone in its U.S. operations with three Ultra-Large Container Vessels (ULCV) docking at its Pier 400 Los Angeles site earlier this month. On the back of growing throughput from larger ships the firm has also reported it is “on track” to meet its  2016 goal to generate $1 billion in profits.

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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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