LATEST NEWS

  • 16 Feb 2018 11:23 AM | Anonymous

    Original news was published 14 February, 2018

    Port and terminal operator Yilport Holding, part of Yildirim Group, recorded a 9% year-on-year increase in container volumes in 2017.

    Volumes rose to 4.3 million TEU in 2017 from 3.93 million TEU handled in 2016.

    As explained, the increase was led by Yilport’s ten container handling terminals in Turkey, Scandinavia, Iberia and Latin America.

    In Turkey, the volume increase was attributed to strong exports. Yilport Gebze, the company’s home terminal, recorded 501,284 TEU for 2017, reflecting 26% YOY increase. Gemlik and Gemport terminals also closed 2017 with record-breaking volumes.

    Yilport’s Nordic terminals handled 13% more cargo in 2017 due to strong Swedish exports. In addition, the terminals absorbed volume from competitor’s corridors during labor disputes, Yilport said.

    In Yilport’s Iberian terminals, volumes surged by 5.8%.

    What is more, the company’s Latin America terminals displayed a 22.6% YOY growth.

    Yilport also owns a 50% stake in Malta Freeport whose throughput rose by 2% to 1.75 million TEU in 2017.

    The company revealed that 2018 will be the year of Yilport Turkey with a focus on development projects to increase its operational efficiency.

    “The year is expected to be bright in both container and general cargo volumes as regards to the consolidations of the alliances and increasing demand for the general cargo flow across Turkey,” Yilport concluded.

    *NEWS SOURCE

  • 14 Feb 2018 2:09 PM | Anonymous

    Original news was published 14 February, 2018

    Piraeus Port Authority (PPA) ended 2017 with a net income of EUR 11.3 million (USD 14 million), a 68.6 percent increase compared to EUR 6.7 million (USD 8.3 million) seen a year earlier.

    The turnover rose by 7.7 percent to EUR 111.5 million in 2017 from EUR 103.5 million posted in 2016.

    The operations at the container terminal also showed an increase in revenue of 53.1 percent. The container throughput stood at 453,264 TEU in 2017, against 265,716 TEU in 2016.

    PPA said that the income from the concession fee of the Pier II and Pier III increased approximately by EUR 3.4 million or 8.4 percent.

    The port authority is to pay EUR 4.1 million concession fee to the Hellenic Republic for the year 2017, compared to EUR 3 million in 2016 and EUR 2 million in 2015.

    2017 was the first full year of operation for the port under a new owner, COSCO Group. In August 2016, COSCO acquired a 51 percent stake in PPA for EUR 280.5 million. The company has an option to acquire the remaining share of 16 percent in the port over a period of five years for EUR 88 million.

    The deal includes an investment of EUR 350 million in the port over a period of ten years, which would be used to update the cruise and shipbuilding industry and develop the port’s facilities and services.

    “The first full year of the new management in the port of Piraeus was marked by very positive results which are mainly attributed to the employees of the company. We believe that in the coming years, with the implementation of our investment plan which is already in progress, we will further improve both the business operation and the economic efficiency of PPA SA,” Fu Chengqiu, Chairman and CEO of PPA SA, commented.

    PPA also signed a memorandum of understanding with Shanghai International Port Group in June 2017. Under the deal, the two parties intend to cooperate on project studies, staff training, information exchange and technical assistance, among others.

    In December 2017, PPA inked a new collective labor agreement with employees which is said to ensure the remuneration and working conditions for all workers.

    *NEWS SOURCE

  • 12 Feb 2018 12:49 PM | Anonymous

    Original news was published 09 February, 2018

    Montreal-based trade association Airports Council International (ACI) has reported year-on-year growth in air cargo volumes of 7.8% for November, putting the industry on track for a record-breaking 2017.

    ACI said that the cargo business “continued to benefit from a strong growth in volumes in November thanks to global trade” and that this was “reflected in gains in export orders”.

    African airports saw the highest rise in volumes, at 14.7%. North America and Europe followed, at 8.9% and 8.7% respectively. Asia-Pacific (up 7.2%), Latin America and the Caribbean (up 6.9%) and the Middle East (with more modest growth of 2.9%, but still picking up after a slowdown in October) all showed a positive result.

    According to ACI: “International freight was the main driver for most of the increases, reaching +7.8% after slowing down to +4.4% over the three months prior to November. Airports in the Asia-Pacific region lead in volumes handled for export and overall growth.”

    For the January-November 2017 period, total volumes rose by 8.2% globally in comparison to the same months of the previous year.

    The association highlighted India, China, Japan and Thailand as showing double-digit international airfreight growth for the year to date (up by 17.9%, 16.7%, 12.8% and 11.5% respectively). Hong Kong’s international traffic rose by 9.5%.

    In Europe, similar results occurred in Spain (up 15.6%), the UK (a rise of 13.2%) and Turkey (up 11.3%).

    The US – the world’s largest domestic air cargo market – saw an increase of 5.1% year on year.

    *NEWS SOURCE

  • 09 Feb 2018 10:07 AM | Anonymous

    Original news was published 07 February, 2018

    The Port of New York and New Jersey reported record volumes in 2017, shattering the existing annual cargo volume record, set in 2015, by 5.3 percent.

    During 2017, the port handled 6,710,817 TEUs, compared to 6,371,720 TEUs recorded in 2015 when the previous annual record was established. The volumes also increased by 7.3% year-on-year from 6,251,953 TEUs seen in 2016.

    The record volumes, driven by the completion of the Bayonne Bridge Navigational Clearance Project in June 2017, allowed the port to maintain its position as the third largest port in the United States with 15.4 percent market share and the busiest on the East Coast with a 32 percent market share.

    The Bayonne Bridge project raised the clearance under the crossing from 151 feet to 215 feet, allowing ships as large as 18,000 TEUs to travel under it to port facilities in Newark, Elizabeth and Staten Island.

    In addition to containerized cargo, the port also reported a 14.3 percent increase in vehicles imported into the port’s public berths – from 505,151 handled in 2016 to 577,223 handled in 2017.

    There were 2,011 container vessel calls in 2017, down from 2,184 calls in 2016 and 2,251 in 2015. The fewer vessel calls illustrate that much of the containerized cargo coming into the port is arriving in larger ships, a trend the port expects will continue now that the Bayonne Bridge has been raised.

    In addition to its cargo business, the Cape Liberty Cruise Port in Bayonne reported a record 593,403 passengers handled in 2017, a 16 percent increase over the prior year’s activity.The terminal is served by Royal Caribbean International, Celebrity Cruises and TUI Cruises. An additional 137,214 passengers were handled at the Brooklyn Cruise Terminal, a 9 percent increase over the prior year’s activity.

    *NEWS SOURCE

  • 07 Feb 2018 2:03 PM | Anonymous

    Original news was published 06 February, 2018

    THE US port of Baltimore has added six rubber-tired gantry (RTG) cranes to better handle volume growth. The new cranes cost a total of US$12 million and each weigh 325,000 pounds.

    The cranes were purchased by the operators of the Seagirt terminal, Ports America Chesapeake, and will add to the 16 already in service, reported London's Container Management.

    Since the expanded Panama Canal opened in 2016, the port has recorded double-digit growth. In 2017 the port's throughput increased by 11 per cent to 600,000 TEU, making the port the fourth fastest-growing in North America.

    Last year the Maryland Port Administration purchased 70 acres of land adjacent to the Seagirt terminal to accommodate the expanding container segment.

    *NEWS SOURCE

  • 05 Feb 2018 4:30 PM | Anonymous

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  • 05 Feb 2018 10:52 AM | Anonymous

    Original news was published 05 February, 2018

    Helen Delich Bentley Port of Baltimore’s state-owned public marine terminals set a new cargo record in 2017 for handling 10.7 million tonnes of general cargo, mostly comprising automobiles.

    Last year, the port handled more containers and autos than ever. It was the second consecutive year that the port handled over 10 million tonnes of general cargo.

    General cargo included autos and light trucks, containers, roll on/roll off (farm, mining and construction equipment), forest products (rolled paper and wood pulp) and breakbulk cargo.

    “There has been no better example of Maryland being open for business than the Port of Baltimore,” said Larry Hogan, Governor of Maryland.

    “Our administration will continue to make necessary investments in the port to help this vital asset grow and succeed. As one of our leading economic growth engines, the port generates jobs for thousands of Marylanders, and will continue to create more economic activities as its cargo operation continues to expand,” said Hogan.

    Recently, the Port of Baltimore was named the fourth fastest-growing port in North America, and was recognised as one of the most efficient container ports.

    *NEWS SOURCE

  • 02 Feb 2018 9:51 AM | Anonymous

    Original news was published 01 February, 2018

    International cargo volumes of the Durban Airport during Q3 witnessed a jump by 13.7 percent compared to the same period last year.

    Durban Airport observed highest ever record of cargo throughput between October and November 2017, which surpassed the 1,700 tonnes mark every month.

    The growth was primarily driven by the introduction of additional wide-bodied passenger flights into Durban, and increase in frequency of chartered aircraft using Durban’s King Shaka International Airport.

    “Investment in a new specialised outsized cargo handling facility has significantly contributed to our ability to handle bulky shipments, such as large pipes, machinery, vehicles, large animals and ocean-going 20-foot containers. Our robust infrastructure and systems has enabled our supply-chain specialists to respond quickly to the needs of our freight forwarders by providing them with a reliable and competitive solution for their charters flying into Durban,” said Mlibo Bantwini, executive of Dube Cargo Terminal.

    Boeing 747-400ERF freighter was the latest chartered aircraft handled by Dube Cargo Terminal, operated by AirBridgeCargo Airlines, which had a payload of 30 tonnes of heavy duty seaflex marine hoses.

    Dube Cargo Terminal has demonstrated a positive trend over last seven years since the airport commenced in 2010, with jump in cargo volumes by whopping 138 percent. Cargo volumes are expected to grow further by about 12 percent by end of the current fiscal.

    Further growth is anticipated at the Durban’s King Shaka International Airport after Qatar Airways announced to increase its capacity on the Durban – Doha route, with the introduction of the larger Boeing 777-300ER aircraft by March 28. It add additional 416 weekly seats on its four times weekly schedule, besides increase its weekly cargo capacity on the route by 15-23 tonnes per flight.

    During October, Air Mauritius increased its frequency by three flights per week on its Durban – Port Louis route. Besides, Emirates also increased its frequency on the Durban – Dubai route during the peak season of December and January.

    *NEWS SOURCE

  • 31 Jan 2018 9:49 AM | Anonymous

    Original news was published 30 January, 2018

    As the port’s USD 392 million main channel deepening project approaches completion, the Port of Philadelphia is preparing for the arrival of ever larger containerships.

    Namely, a phased approach which will allow vessels to utilize increased arrival and departure draft depth of the channel is expected to start this March.

    Several 11,000 TEU vessels started calling the port’s Packer Avenue Marine Terminal (PAMT) in December and 12,200 TEU vessels are expected in the coming days, the US Eastern seaboard port said.

    On January 14, the 11,000-TEU MSC Avni became the largest cargo vessel to ever call the Port of Philadelphia.

    The arrival of the ultra large boxships comes at a time when the port is recording a surging growth in cargo volumes.

    In 2017, container cargoes grew by 19 percent, the port’s data shows, with around 540,000 TEUs handled during the year.

    The growth is also spurred by the port’s implementation of a USD 300 million capital improvement plan, which will see the first two of a total of four super post-Panamax cranes arrived at PAMT next month.

    “We have a lot of exciting developments all occurring at the same time, record cargo growth, preparation for the deepened channel and the arrival of our new cranes,” Jeff Theobald, PhilaPort CEO and Executive Director, said.

    In order to be ready to navigate these giants into the port, the Pilots’ Association for the Bay and River Delaware have been awarded funds to train for the new class of vessels 12,000–14,000 TEUs.

    To that end, a five-day simulation training program was held at the Maritime Institute of Technology and Graduate Studies (MITAGS), where the pilots were joined by docking pilots and tug operators.

    The 103-mile deepening of the Delaware River navigation channel to 45 feet from 40 feet, began in 2010, with the aim of allowing bigger ships to come to Philadelphia through the expanded Panama Canal.

    *NEWS SOURCE

  • 29 Jan 2018 4:28 PM | Anonymous

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