|.: 28-Jul-2015 :.
|Milaha Marks Growth Across the Board|
Qatar Navigation (Milaha) Q.S.C. delivered a net profit of QAR 651 million (around USD 179 million) for the first half of 2015, a 26% increase in profitability compared to the first half of 2014.
Operating revenues increased by 22% to QAR 1.51 billion for the half year ended June 30, 2015, up from QR 1.24 billion for the same period in 2014.
Milaha’s operating profit increased by 31% to QAR 442 million for the half year ended June 30, 2015, also an increase when compared to QR 337 million for the same period in 2014.
The company reported growth in revenue across the board, with the biggest jump of 41 % recorded in its offshore’segment. Namely, Milaha Offshore posted a net profit increase of 151% despite weak market conditions driven by the steep decline in oil prices and the cutbacks on capital spending by oil majors.
Milaha Maritime & Logistics’ revenue grew by 27% and net profit by 119%, mainly driven by the group’s port and container shipping businesses. Milaha attributed the increase to the ramp up in project activity in Qatar which led to increased trade volumes.
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|First Ever Fully Laden Valemax Calls at Chinese Port|
The first-ever fully laden Valemax ore carrier discharged iron ore at a Chinese port over the weekend, according to Platts.
The 400,315 dwt Sohar Max entered North China’s Dongjiakou port with a 23-meter draft, suggesting that the bulker was fully laden prior to the discharge.
The 2012-built Sohar Max was carrying iron ore from Ponta Da Madeira, where it was loaded from June 2 to June 4.
The Valemax sailed directly to Dongjiakou, without making the usual stops at Vale’s transshipment hubs in Subic Bay, the Philippines, or Malaysia’s Teluk Rubiah.
The fully laden Valemaxes were previously banned from berthing at Chinese ports. The ban on Valemaxes was imposed by China in 2012 amid environmental concerns. However, the ban was also seen as an attempt to shield national carriers such as China Ocean Shipping Group (COSCO).
China’s Ministry of Transport and the National Development and Reform Commission issued a notice on July 2nd, approving berthing of 400,000 DWT Valemaxes at some of Chinese ports.
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|DP World Sees Volume Rise, Starts Building USD 1.6 bn Terminal at Jebel Ali|
DP World Limited handled 30.6 million TEU across its global portfolio of container terminals during the first half of 2015, with gross container volumes hike of 4.1% on a like-for-like basis.
On a reported basis gross volumes grew by 4.2%, Dubai-based terminal operator said.
Growth in the first half was attributed to European and UAE terminals.
The UAE delivered solid performance handling 7.9 million TEU, representing growth of 6%, whereas Europe continued to show steady growth despite the difficult geopolitical environment.
The Asia Pacific and the Indian subcontinent region delivered an improved performance in the second quarter and the recent capacity addition at Nhava Sheva (India) should provide further room for growth, DP World’s half year business report said. Performance at the Americas and Australia region has been broadly flat due to soft economic conditions.
DP World’s portfolio of consolidated terminals handled 14.4 million TEU during the first half of 2015, a 3.5% improvement when compared with the same period last year. On a like-for-like basis, consolidated volumes also increased 3.5%.
“I am pleased to report that we have made good progress with our new developments, with Rotterdam (Netherlands) and Nhava Sheva (India) now operational whilst Yarimca (Turkey) is on track for launch in the fourth quarter of 2015. Additionally, the proposed acquisition of Fairview Terminal in Canada is expected to close in the second half of this year, which will enhance our Americas portfolio,” Chairman Sultan Ahmed Bin Sulayem commented.
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|Welfare of seafarers boosted at Gladstone port|
You d be familiar with the acronym FIFO - Fly In Fly Out, but how about SISO - Ship in Ship Out.
That might not actually be a real thing, but when you are a sailor working on international shipping, your workplace can be half a world away from your actual home.
That's why Gladstone has been chosen to be the home of a new international pilot project to help improve the facilities and services available to seafarers.
The Port Welfare Committee of Gladstone was established earlier this month and is part of a worldwide initiative of the International Seafarers Welfare Assistance Network.
Mike Lutze the former Harbour Master of the Gladstone Harbour has been elected the Chairman of is new Port Welfare Committee and he explained what they will be doing.
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|BTP reaches 1 million containers and ship # 1000|
Brasil Terminal Portuário (BTP), Brazil’s newest and most modern container terminal, has reached a number of important milestones: The facility, a joint venture between APM Terminals and Terminal Investment Limited, has handled container number 1 million, discharged on its quay from vessel no. 1000 to berth at its facility on Friday, 24 July.
This was achieved only one year and eight months after operations officially began at this terminal. Authorities and executives of BTP together watched the offloading of the container from MSC Agrigento,a vessel on the Ipanema service, arriving from Durban, South Africa.
This milestone follows a number of other impressive achievements in terms of operational performance.
BTP’s highest monthly average productivity per crane was achieved in May, with 34.11 moves per hour on the ship-to-shore cranes.
In addition to BTP’s increasing productivity rate, the terminal has also achieved to get the truck cycle - a critical measure for the performance of every container facility – down to only 40 minutes from pre-gate to gate out.
"Our employees have worked increasingly closely with our customers, seeking integrated solutions to improve our processes and increase the quality level of services provided" explains Cláudio Oliveira, CCO of BTP. "These efficiency milestones can, above all, be attributed to the BTP team’s dedicated work”.
In the first half of this year BTP handled 363,921 TEUs, a 167% increase over the number of containers handled in the same period in 2014 thanks to the dredging of the navigation channel which has increased the depth in the access channel to the same level all over, removing obstacles for larger ships to call.
“The Brazilian Ministry of Ports, the Santos Port Authority and other bodies involved in dredging also all played an essential role in the achievement of the two milestones we are celebrating today,” said CEO of BTP, Antonio Passaro.
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|Kenya, U.S. Companies in Talks on Multibillion-Dollar Port Deal|
Kenyan and U.S. companies are negotiating a potential multibillion-dollar agreement with the Kenyan government to help develop the East African country’s biggest infrastructure project.
The U.S. companies want to take part in the Lamu Port Southern Sudan-Ethiopia Transport Corridor, which envisages the construction of a port, power plant, railway and other facilities, according to Issa Timamy, governor of Lamu county in southeastern Kenya. Discussions are being led by Aeolus Kenya Ltd., a closely held power and infrastructure developer known as AKL, he said in a phone interview on July 21.
“AKL has been in ongoing negotiations with the U.S. government and the government of Kenya proposing a suite of integrated, critical infrastructure solutions that will initiate Kenya’s Lapsset program,” the Nairobi, Kenya-based company said in an e-mailed response to questions on Sunday. It said the group of U.S. companies interested in the project, known as Lapsset, includes Bechtel Group Inc.
Discussions about the deal coincide with U.S. President Barack Obama’s visit to Kenya and come amid competition for influence in Africa, where China surpassed America as the continent’s biggest trading partner in 2009. Chinese trade with Africa reached $198.5 billion in 2012, compared with U.S.- African trade of $99.8 billion, according to the Washington-based Brookings Institute.
The suite of projects being negotiated by AKL is known as the American package, Timamy said.
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|GPA achieves record TEUs, Tonnage, Rail and RO/RO in FY2015|
The Georgia Ports Authority moved a record 3.66 million twenty-foot equivalent container units in Fiscal Year 2015, an increase of more than half a million TEUs.
"The deepwater ports of Savannah and Brunswick are cornerstones of Georgia s success, and major factors in creating new jobs and prosperity across the state," said Georgia Gov. Nathan Deal. "The wave of economic impact created by our logistics network supports virtually every industry, from manufacturing and agriculture to mining, distribution, technology and transportation."
Strong performances across business sectors also led to records in total tonnage and roll-on/roll-off cargo in the year ending June 30.
"Georgia s ports have seen phenomenal growth over the past fiscal year, due to a combination of West Coast cargo diversions, U.S. economic recovery and regional gateway shifts placing more demands on Georgia s terminals," said GPA Executive Director Curtis Foltz. "Our people and our infrastructure rose to meet that demand flawlessly, handling record volumes while maintaining world-class customer service."
The 3.66 million TEUs crossing Savannah s docks in FY2015 constitutes a 17 percent increase compared to the previous fiscal year. FY2014 was the first year in which GPA moved more than 3 million TEUs.
"Part of ensuring reliability is investing in port infrastructure," GPA Board Chairman James Walters said. "Our development plans will follow our current practice of maintaining capacity at least 20 percent above demand - not only in Brunswick, but in Savannah, where we are buying four new ship-to-shore cranes and 30 more gantry cranes. Investments such as these will enable GPA to handle expanding cargo volumes both now and in the future."
Total tonnage in FY2015, reached a record 31.69 million tons, up 7.8 percent or 2.29 million tons. Of that amount, containerized cargo accounted for 25.89 million tons, also up 7.8 percent or 1.86 million tons more than in FY2014.
Fiscal 2015 also saw the highest-ever volume of intermodal rail moves. The Port of Savannah moved 369,347 containers by rail in FY2015, up from the previous record of 332,996 containers set in FY2014. The growing volumes moved by rail resulted in an increase of 10.9 percent or 36,351 containers for the year.
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|China investors for development of Sepanggar Port, Purely speculative: Pairin|
The State Government is prepared to sit down and talk with investors who are offering a very feasible proposal and has the financial capability to help develop the Sepanggar Port for the benefit of Sabah.
Deputy Chief Minister Tan Sri Joseph Pairin Kitingan said it was only natural for the matter to be viewed from the positive perspective since it would be for the overall benefit of the State.
Pairin, who is also Infrastructure Development Minister, nonetheless was surprised with the speculative statement by Sabah Progressive Party (SAPP) Secretary-General Datuk Richard Yong on the issue.
"I am very surprised that they can predict what is coming. I myself (as the Minister-in-charge) doesn t even know about it (if there is any), but they can predict the conclusion," he said when met at the Parti Bersatu Sabah (PBS) Hari Raya open house at the PWD building in Sembulan, here, Sunday.
The PBS President described Yong s statement as purely speculative.
"I cannot speculate like that," said Pairin when asked to comment on Yong s statement asking the Chief Minister as well as Pairin himself to clarify reports that Sabah ports, especially the container port at Sepanggar, will be open to investors from China.
Yong was commenting on the report quoting Transport Minister Datuk Seri Liow Tiong Lai as telling China investors that Malaysia welcomes China s firms to invest in Malaysian ports and that the Sepanggar port "is still in the development stage and the Government hopes to upgrade the port to international level in which foreign investments are much needed."
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