The proposal for extension of concession agreement signed by the major port authorities with the BOT (build-operate-transfer) operators beyond 30 years has created jubilation among the investors’ community who have been batting for a long-term association for better returns and a level-playing field with the non-major (private) ports in tariff fixation. A BOT operator quoting […]
List Of All Indian Private Port Tentative volume (TEUs) for the Month of June-23 SOUTH ZONE: CCTPL- DPW: 58326 CICTPL – PSA: 61339 AKPPL: 56196 AECTPL: 51273 TCT : 11104 DBGT: 52925 AKCT: 16119 Kakinada: 3383 Cochin: 52627 WEST ZONE: Adani Mundra AMCT: 80359 AICTPL: 217641 ACMTPL: 98215 T2: 38629 MICT: 93236 PIPAVAV: 53752 AHCT: […]
Visakhapatnam Port Authority with a record throughput of 63256 TEUs in June 2023, have set the milestone of highest container handling ever recorded in a month, duly surpassing the previous best container handling throughput of 61468 TEUs performed in May 2023. The port also handled highest number of container vessels in a month; 49 equalling […]
Vietnam’s Long An International Port commenced container operations on 24 June after eight years of construction work. Long An International Port is part of the project cluster spanning 19.35 km² in Can Giuoc District, Long An Province consisting of the 3.96-km² industrial park, 2.39-km² industrial services area, 11.45-km² urban area and most especially the […]
The MSC Nicola Mastro, one of the world’s largest 24,100 twenty-foot equivalent unit (TEU) ultra-large container ships, docked on Saturday at the Dalian Port container terminal in Jinpu New Area of Dalian, Liaoning province. Dalian Port, which is part of Liaoning Port Group, with its deep water and array of services, has become an […]
CMA CGM announced a new rotation of its BSMAR service, which connects the Black Sea and Turkiye with Spain and Morocco beginning 14 July 2023. The service will be served by a fleet of five vessels of 3,550 TEUs and its frequency will be weekly, while 35 days will be needed for a full […]
CMA CGM has settled on orders for 10 24,000 teu ships at Yangzijiang Shipbuilding, a month after The Loadstar reported that the French carrier was in serious negotiations with the Chinese shipbuilder. While CMA CGM has not officially commented on the order, on Monday, Yangzijiang CEO Ren Letian announced that the shipbuilder had won […]
Chinese shipyard Hudong-Zhonghua Shipbuilding has delivered the 15,500 TEU Maersk Charleston to Hong Kong-based shipowner Seaspan Corporation. The containership is the first vessel of the company’s SAVER 15,500 TEU series which comprises six units. The DNV-classed Maersk Charleston will be chartered by Maersk Line and is scheduled to start its maiden voyage from Asia to […]
Looking for new revenue streams and to encourage more cargo to move through the beleaguered port, Mormugao Port Authority (MPA) has encouraged fertiliser manufacturing firm Paradeep Phosphates to directly pack and dispatch fertiliser from the port premises. Paradeep Phosphates imports potash, which is essential for plant growth and crop quality. MPA has now permitted […]
The tumultuous pace of ocean freight volatility, obscene profits by carriers, post-COVID price surges, inventory bottlenecks, and the drastic shifts toward digital initiatives in the ocean freight industry have been the order of the day since 2020. This analysis takes a look at the turn of events in global freight markets especially in the […]