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.: 15-Jul-2015 :. Search News
Displaying 1 to 11 of Records.
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S. Korea to turn Busan into world s No. 2 transshipment port
South Korea plans to transform Busan into the world s No. 2 transshipment cargo port by 2020 by building up infrastructure and streamlining operations, the government said Tuesday.

The move could enable the country s largest sea port to outstrip Hong Kong for the second place slot among the world s transshipment harbors and place it below Singapore, the Ministry of Ocean and Fisheries said.

Transshipment refers to the handling of containers and cargo at an intermediate destination before they are shipped somewhere else.

As of last year, Busan s transshipment volume hit 9.43 million twenty-foot equivalent units, with numbers to rise to 13 million TEUs by the target year. This can generate an economic impact of some 1.5 trillion won ($1.3 billion), the ministry said.

Located on South Korea s southeastern tip, Busan currently handles cargo moving to and from China, Japan, Russia, North and South America and Australia.

To reach the goal, the ministry said measures will be taken to gradually move all container operations, which make up the bulk of transshipment cargo from Busan s North Port, to its New Port in order to streamline operations.

Posted On:15-Jul-2015



Credits: www.bunkerportsnews.com

Port trusts set for a hybrid makeover
The shipping ministry has opted for a hybrid model (incorporating Companies Act features into the Major Port Trusts Act) for altering the institutional structure of 11 of the 12 ports it runs.

The decision is a clear indication that the much-talked-about plan to convert these harbours into full-fledged corporate entities from a trustee setup may not work because of political considerations and a workforce that is hostile towards the move.
On 5 June, shipping minister Nitin Gadkari said in Mumbai that the government was looking at alternatives to corporatization.

“Finance minister Arun Jaitley had told us (in the budget) about the Companies Act, but we are looking at other alternatives beyond the Companies Act to modernize and upgrade the ports,” Gadkari told reporters without giving details of the alternatives being considered.
Currently, 11 of the 12 ports controlled by the Union government function as trusts under a law framed more than five decades ago called the Major Port Trusts Act, 1963 (MPT Act). Kamarajar port located at Ennore in Tamil Nadu is the only exception; it was formed as a company under the Companies Act, 1956, when it was opened in 2001 and hence is free from rate regulations unlike the other 11 ports.

The alternative plan hinted at by Gadkari has been revealed in a 7 July tender issued by the shipping ministry seeking to hire a legal firm to rewrite the MPT Act.

Posted On:15-Jul-2015



Credits: www.bunkerportsnews.com

Local-foreign consortium to build Mongla port jetties
A local-foreign consortium will build two key port infrastructures at the Mongla seaport under public-private partnership (PPP) to substantially enhance its container-handling capacity, as Bangladesh aspires to be a regional shipping hub.

Officials said the setting up of two jetties with back-facilities will increase the port s capacity nearly one and a half times.

Local Sikder Group, a power-generation company, and Singapore-based Gmaps, a port operator, have tied up to build the jetties at a cost US$ 52.75 million, according to PPP office.

Contract signing between the Mongla Port Authority (MPA) and the Sikder Group-Gmaps consortium may take place within September.

The PPP office said negotiations were completed last week between the MPA and the Sikder Group-led consortium.

They will build, operate and maintain the jetties for a period of 30 years and the profit sharing will be 40:60, that is, the MPA will get 60 per cent while the rest will go to the consortium.

"After vetting, we ll organise the signing of contract between the consortium and the MPA," Abul Bashar, a deputy manager at the PPP office, told the FE.

This happens to be second public-private partnership office-conducted PPP project. Earlier, it had facilitated setting up dialysis machines in Dhaka and Chittagong through PPP arrangement.

Posted On:15-Jul-2015



Credits: www.bunkerportsnews.com

Muhibbah wins RM143mil port jobs from Northport
Construction firm Muhibbah Engineering (M) Bhd has secured contracts totalling RM143.1mil from Northport (M) Bhd for the upgrading of a wharf.

Muhibbah has secured RM138.8mil worth of work for the design and build for the upgrading of Wharf 8 and associated works at container terminal four (CT4) of Northport, and an additional provisional sum for dredging works of about RM4.3mil, inclusive of the government service tax.

Upon completion of the upgrading of Wharf 8, it will place Northport in a better position to handle the Triple E-Class Container vessels. This will offer Northport improved connectivities for shipping routes to service Europe, America, China and Japan.

“The contract is for a 24-month period from the date of commencement, which shall take place not later than July 22,” Muhibbah said in a filing with Bursa Malaysia.

Posted On:15-Jul-2015



Credits: www.bunkerportsnews.com

Cargo Handling in Indian Ports Rises by 5.4 Percent: ICRA
Credit rating and investment information company ICRA said during the fiscal year ended March 31, 2015, Indian ports have registered a modest increase in handling cargo by 5.4 percent at 1,043 million tonnes (MT).

During 2014-15, 976 MT of cargo was handled by the ports. "The growth was pegged down by a relatively weaker cargo performance at the major ports which registered a modest growth of 4.7 percent in cargo volumes to 581 MT in fiscal year 2014-15," the rating agency said in a statement.

It further said non-major ports have likely pushed up the overall growth rate by recording a 10 percent growth to 462 MT during 2014-15.

"The growth at major ports was pegged down due to continuing mining restrictions in major states like Karnataka, Goa and Odisha and other policy measures such as imposition of export duty. Apart from petroleum oil and lubricants segment, all other cargo categories including containers, fertilizers, coal and others showed growth in volumes at major ports," said the agency s senior vice-president and co-head of corporate ratings, K. Ravichandran.

He also said that various initiatives and schemes of the central government rolled out in the last few months are expected to have a favorable impact on the growth and investment in the port sector.

Posted On:15-Jul-2015



Credits: www.bunkerportsnews.com

Sri Lanka Ports Authority seeks an international partner for East Container Terminal
The Sri Lanka Ports Authority (SLPA) has planned to gain an advantageous situation in the region by increasing the container operation capacity under the Colombo Port Expanding Project and is seeking expressions of interest from international terminal operators for its East Container Terminal that is under development.

Civil constructions and construction of required yard facilities in the 450m long jetty is in the final stage.

The State-owned agency prepares to offer a 49% equity stake in the third container facility that is nearing completion at the Port of Colombo.

While the SLPA will hold the majority stake, it is seeking to partner with a global operator to improve productivity and win more business.

Ports and Shipping Minister Arjuna Ranatunga has made a formal request for proposals from shipping companies or private terminal operators interested in managing the East Container Terminal at the new Colombo South Harbor.

Posted On:15-Jul-2015



Credits: www.bunkerportsnews.com

Coal ship queue at Australia s Newcastle port rises to 40 amid rail work
The shipping queue at Australia s Newcastle port -- an indicator of demand for coal exports -- jumped to 40 ships this week from 30 ships a week ago as the port s rail system shut Tuesday for three days of routine maintenance, the port authority of New South Wales said Tuesday.

It said 40 ships were on their way to Newcastle port to load coal exports in the next seven days at its three terminals -- the BHP Billiton-operated Newcastle Coal Infrastructure Group facility and the two Port Waratah Coal Services terminals.

The shipping queue is the longest since the start of June and may indicate that power station customers in Asia have started another restocking cycle for the Northern Hemisphere s summer months.

Another six ships were waiting off the coast of Newcastle port for a berthing slot, and six ships were already in the port taking on coal export cargoes.

A total of 34 ships loaded coal exports at Newcastle port in the seven-day period ended Monday, compared with 38 ships a week earlier.

Posted On:15-Jul-2015



Credits: www.bunkerportsnews.com

First maritime supervision drone ship developed in China - WantChinaTimes
The city of Lianyungang in Jiangsu and China s State Oceanic Administration have completed the development and sea trials of China s first maritime supervision drone ship, according to Duowei News, a media outlet run by overseas Chinese.

After the ship is commissioned, it will improve China s ability to react to sudden incidents and increase the accuracy of its maritime observation, according to Duowei.

China Ocean News, a daily newspaper run by the administration, stated that the ship has a stainless steel hull and two stabilizing air bags resembling feet, made of high-polymer composite material, holding it up on top of the water. Although the ship is not very large, it is quite comprehensive in its functionality with a global positioning system, an electronic compass, an altimeter and a wireless control system. In recent years, as coastal development and use of the oceans has increased, marine pollution has become more serious. As China lacks a comprehensive method for supervising its surrounding seas, illegal maritime activity has increased in recent years, providing the motivation for the development of the drone ship, said Duowei.

Posted On:15-Jul-2015



Credits: www.wantchinatimes.com

V.Ships Takes Charge of Pioneer Marine s Fleet
V.Ships, the ship management arm of global maritime services provider V.Group, has completed the transfer of the Pioneer Marine Inc’s dry bulk fleet into its management portfolio.

Singapore-based Pioneer Marine currently operates 13 operational handysize and handymax dry bulk ships on the water with another 12 ships currently under construction in China.

Initially contracted in August 2014 to manage three of Pioneer’s vessels, V.Ships has since conducted the transfer of the remaining operational fleet, with another three new Green Dolphin (RT Flex) vessels scheduled for completion and integration later in 2015.

“From early beginnings less than a year ago, Pioneer and V.Ships India have rapidly developed a trusted relationship which has seen V.Ships assume the full third party management of our entire fleet of vessels. This significant development has given V.Ships the opportunity to handle day to day management of the fleet, resulting in reduced costs and improved operational performance for Pioneer,” said Pankaj Khanna, CEO Pioneer Marine Inc.

Posted On:15-Jul-2015



Credits: worldmaritimenews.com

Sembcorp Marine to Build World s Largest Semi-Submersible Crane Vessel
Singapore-listed Sembcorp Marine (SCM) has entered into a USD 1 billion contract to build the world’s largest DP3 semi-submersible crane vessel (NSCV) for Heerema Offshore Services B.V.

This follows an earlier exclusive letter-of-intent signed between SCM’s wholly owned subsidiary Jurong Shipyard and Hereema in March this year for the NSCV.

Scheduled for delivery in the fourth quarter of 2018, the NSCV is designed for the installation and decommissioning of major offshore facilities world-wide.

It will be equipped with two Huisman heavy-lifting offshore cranes of 10,000 MT lifting capacity each, and a large reinforced work deck area.

Posted On:15-Jul-2015



Credits: worldmaritimenews.com

South Korea Plans LNG Bunkering Terminals to Corner Dual-Fuel Shipbuilding Market
South Korea plans to construct liquefied natural gas (LNG) bunkering facilities at a number of its ports as part of the country’s plan to secure 70% of global orders for dual-fuel vessels by 2025.

The global market for the construction of LNG-fuelled ships is expected to increase from the current KRW 6 trillion (USD 5.24 billion) to around KRW 150 trillion (USD 131 billion) in the next ten years, South Korea’s Ministry of Trade, Industry and Energy said in a statement.

The ministry said that the construction of LNG bunkering terminals at the country’s major ports would be a long-term investment which would allow newly constructed LNG-fuelled ships to depart for the ECA (Emission Control Areas) countries powered by this more environmentally friendly fuel.]

Posted On:15-Jul-2015



Credits: worldmaritimenews.com
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