Kenya has implemented a single window system as part of efforts to improve efficiency at the port of Mombasa and address the perennial challenge of congestion that has seen importers incur losses due to demurrage charges.
The Drewry Container Port Throughput Indices are a series of volume growth/decline indices based on monthly throughput data for a sample of over 235 ports worldwide, representing over 75% of global volumes. The base point for the indices is January 2012 = 100.
The Port Commission of the Port of Houston Authority met virtually in regular session on Tuesday for its May meeting. Chairman Ric Campo began by recognizing the anniversary of the tragic death of George Floyd, and reflected on how its impact further solidified Port Houston’s commitment to diversity, equity, and inclusion for its employees and for the community.
The New Mangalore Port Trust (NMPT) on Tuesday received one more navy ship INS Shardul carrying 11 liquid oxygen tankers, two semi-trailers with liquid oxygen and 1,200 oxygen cylinders. The equipment was sent by the Indian community support group in Kuwait.
The European Union has supported the works inside the northern extension of the Port Authority of Valencia (PAV) where the new northern container terminal will be located. The European Parliament’s Committee on Petitions has responded that this infrastructure complies with the European Union’s environmental legislation. Specifically, the report by this European institution states that “the Commission has not been able to identify any indication of possible infringement of EU environmental legislation” and continues that “the Commission considers that the relevant review procedures provided for by the Spanish legal system under the EIA Directive and/or Directive 2003/4/EC would be the most effective mechanism to seek redress and satisfactorily deal with any possible cases of misapplication of EU law”. The resolution of the European body concludes that it “cannot follow up this case any further”, thus responding to an allegation made by a citizen about this infrastructure.
Recently updated cruise guidance from the Centers for Disease Control and Prevention (CDC) provides a more concrete path to potentially resuming some US cruises in July, which would help stabilize cruise port financial performance and ratings, Fitch Ratings says. Port revenues from cruise operations declined sharply over the last year in the US, with cruise ports recovery at a standstill.
After a month of disruptions due to an outbreak of COVID-19 in southern China, the operators of the Yantian International Container Terminal announced that they are resuming normal terminal operations. The major shipping lines and industry analysts however continue to warn of significant delays and backlogs that could continue to impact global supply chains for weeks or months to come.
Shares of Adani Ports and Special Economic Zone (APSEZ) were up 3 per cent at Rs 714 on the BSE in intra-day on Monday, rising 10 per cent in the past two trading days, after the promoter bought nearly 2 million shares of the company via the open market.
Minister for Ports and Museums Ahammad Devarkovil has proposed to develop Beypore Port in Kozhikode to international standards.
To further address the challenges affecting operational performance at the Port of Cape Town, PDF icon we have submitted detailed comments to the Port Consultative Committee following the 7th annual Port of Cape Town Port Performance Roadshow which took place on 3 June 2021.
In response to the global movement to decarbonize the transportation industry, and consistent with its leadership in environmental issues, the Montreal Port Authority continues to evolve towards clean energy, notably green hydrogen, ethanol and methanol. On June 10, it signed a cooperation and development agreement with Greenfield Global, which specializes in the production of biofuels. In the wake of dockside shore power implemented in 2017, the development of green hydrogen will make indirect shore supply of electrical power possible for the marine industry.
An important step for climate protection in the port of Kiel. At the Ostseekai, the Minister of Economics, Transport, Labour and Technology and Tourism of the State of Schleswig-Holstein, Dr Bernd Buchholz and Kiel’s Lord Mayor, Dr Ulf Kämpfer, officially commissioned one of the most powerful on-shore power plants in Europe together with the CEO of the Costa Group, Michael Thamm and Dr Dirk Claus, Managing Director at the PORT OF KIEL. After the successful integration test, the “AIDAsol” was the first cruise ship to be connected to the shore power supply system on 16th June. With 16 megawatts, the facility can supply a cruise ship at the Ostseekai and the Stena Line ferries at the Schwedenkai in parallel with electricity produced from hydropower in a climate-neutral way. Minister Buchholz: “Today we are taking a big step in making maritime shipping in Schleswig-Holstein even more eco-friendly.” The state of Schleswig-Holstein supported the construction of the 13.5 million euro plant with about 9 million euros and successfully lobbied at the federal level for a reduction of the EEG apportionment on shore power. “With this investment, which now enables shore power supply at a total of three locations in Kiel, the seaport should also be very far ahead in international comparison. The plant will save thousands of tonnes of CO2 and thus relieve the people in the state capital considerably,” said Buchholz. This showed once again that ecology and economy can be well balanced, he added.” After all, we want to stay in the game as a cruise metropolis, but we want to do it with the best environmental conditions – and that’s exactly what we have here.”
Fitch Ratings has affirmed India-based port operator Adani Ports and Special Economic Zone Limited’s (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘. The Outlook is Negative. A full list of rating actions is at the end of this commentary.