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.
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.
Authorities in the Maldives islands are reportedly in talks with operator DP World to move commercial port facilities from the Port of Malé to Thilafushi, an artificial island in the south of the island chain.
The Indonesia government is seeking a reported $7 billion of foreign investment to upgrade its ports as part of a strategy that aims to tackle the country’s current dire lack of capacity for shipping lines.
Fierce competition for traffic and regional port consolidation is driving change for developing countries in the UN’s liner shipping connectivity index but a boom in Chinese exports looks set to keep the country in pole position.
Emirati marine terminal operator DP World has met with Kazakhstan’s Minister for Investment and Development to discuss potential investment in port infrastructure to boost Asia-Europe transhipments via the country.
Construction of the $350 million expansion project at Jawaharlal Nehru Port (JNPT) in India has got under way with terminal management firm PSA International having awarded the contract for preparatory work at its planned fourth container terminal.
Port operator International Container Terminal Services, Inc (ICTSI) has reported that international expansion efforts over the course of 2014 helped to increase container traffic volumes handled to 7,438,635 TEU.
Investment in South Korea’s Gwangyang Bay Area Free Economic Zone(GFEZ) doubled last year to $1.4 billion, up from $700 million in 2013, driven by government backing for foreign direct investment (FDI) vehicles.