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Wednesday, 31 January 2018 10:22

Port of Maputo Prepares to Host Larger Ships

Mozambique Port of Maputo saw its total volumes surge by 22% in 2017 as the port moves toward welcoming even larger vessels.

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The volume of waterborne freight transported by PAO North-Western Shipping Company (NWSC, part of UCL Holding) between January and December 2017, increased by 3.5%, year-on-year to 5.8 million tonnes.

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Wednesday, 31 January 2018 10:14

Portugal Plans New Panamax Terminal

Blue Atlantic of Portugal is aiming to offer one of the most efficient cargo transport routes in out out of Europe with plans for an 800-meter quay able to berth two Panamax vessels in Setubal, 40 kilometers (25 miles) south of Lisbon.

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Irrespective of how the construction of a vessel is financed, the shipyard and its financiers will require that the buyer pays a percentage of the contract price before delivery. This pre-payment may be lost to the buyer if proper security is not put in place. The provision of refund guarantees is the most common way in which this is achieved, but progressive title transfer may in some cases be an alternative method for securing the buyer's position.

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Monday, 29 January 2018 11:02

Qube take Liebherr for Bell Bay

  • Liebherr mobile harbour crane type LHM 420 for Qube Ports
  • New machine will be mainly used for container handling
  • The LHM 420 will be the eighth MHC Qube ordered from Liebherr
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In 2017, vessels of Volga Shipping Company (part of UCL Holding) transported 6.5 million tonnes of freight, up 24%, year-on-year. The company says its net tonne/km freight grew year-on-year by 16% to 6.25 billion t/km.

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In 2017, Marine Recruiting Agency LLC (MRA, part of UCL Holding) trained 2,927 specialists including port dockers, road building workers and warehouse employees, which represents a 23% growth from 2016. The firm attributes the increase to the expansion of its training programmes range and the geography of services.

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The acquisition of Eling Wharf follows strong trade at Southampton and is expected to secure local employment and support British businesses.

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Technology investments in the maritime industry are getting close to USD 1 billion, according to data by Crunchbase, a database of technology investments.

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Monday, 29 January 2018 10:42

First Freight Deal Done in Cryptocurrency

The Prime Shipping Foundation became the first organization to invoice freight in cryptocurrency in December 2017.

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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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