• 2017 September 11 17:36

    The Port of Incheon’s container handling volume reaches 2 million TEU

    The Incheon Port Authority (IPA) announced that it reached 2 million TEU on September 2 according to the imaginary aggregate of its container handling volume. Compared to last year when the landmark was hit on October 12, this year’s pace is 40 days faster, the company said in its press release.
     
    According to the government agency, the Port of Incheon’s container handling volume reached 2 million TEU for the first time on December 6, 2013. Since then, the pace achieving the landmark has gotten faster every year: Nov. 10, 2014, Nov. 7, 2015 and Oct. 12, 2016.
     
    The IPA said that the Port of Incheon has been able to reach 2 million TEU earlier every year because of increase in trade volume with China and Vietnam after the ROK-China FTA and ROK-Vietnam FTA. In addition, new port facilities with cutting-edge unloading systems such as SNCT and HJIT have opened since June 2015.
     
    With increase in trade volume and new infrastructure, the Port of Incheon has opened new regular container lines covering China, Vietnam and Thailand this year: KHX (March), HP3 (June), TIS (July) and TVX (August). As a result, the trade volume with major countries such as China and Vietnam has dramatically increased from the prior year. Right now, the Port of Incheon has 49 regular container lines.
     
    KHX (Mar. 2017): Incheon – Gwangyang – Busan – Hong Kong – Hai Phong – Xiamen – Incheon
    HP3 (Jun. 2017): Incheon – Shanghai – Hai Phong – Yantai – Hong Kong – Busan - Incheon
    TIS (Jul. 2017): Incheon – Zhangjiagang – Taicang – Incheon
    TVX (Aug. 2017): Incheon – Gwangyang – Busan – Ho Chi Minh – Laem Chabang – Bongkok – Laem Chabang – Ho Chi Minh – Incheon
     
    Furthermore, the IPA has collaborated with container terminal operators, quarantine & customs clearance authority and port service businesses to provide better logistics environment and services. Such efforts have brought increase in trade volume.
     
    It is forecasted that the IPA would enter the world’s top 40 container ports if it adds new container routes, and current favorable domestic and international economic conditions continue until the end of this year. Last year, the South Korean port handled the largest volume (2.68 million TEU, 1TEU = 20-foot container) in its history and ranked 57th, increase by 10 positions from 2015.
     
     




2017 November 24

12:12 Lead buoy tender of Project BLV04 build for FSUE Rosmorport is put into operation (photo)
12:00 Public Transport Authority raises Saudi flag on Bahri’s fifth VLCC received in 2017
11:30 GVT to increase the frequency of its rail shuttle service between Rotterdam and Chengdu in China
11:14 Europort confirms role as international maritime business hub
11:01 British ports welcome Budget announcements on Brexit scenario funding and freight review
10:45 Financial support for the Polar Code and the Sustainable Development Goals
10:31 European ports welcome the EP Transport Committee vote for a stronger CEF budget
10:11 Finnlines finishes the first lengthening project of ro-ro vessel
10:01 Brent Crude futures price down 0.27% to $63.38, Light Sweet Crude – up 0.76% to $58.46
09:37 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
09:20 Baltic Dry Index up to 1,445 points
07:48 Palau International Ship Registry is the fastest growing flag

2017 November 23

18:05 CMA CGM announces FAK rates from Asia to Mediterranean
17:54 Mercury-1 ferry of Azerbaijan Caspian Shipping Company successfully passed sea test after major repairs
17:35 Ophir issues update on the status of the Fortuna FLNG project
17:20 Opatija, Croatia hosts three-day conference “The Port of Rijeka, Gateway of the Baltic-Adriatic Core Network Corridor”
17:05 Navantia and Bath Iron Works team for the US Navy Future Guided Missile Frigates
16:50 Throughput of Chinese ports up 7.2% to 7.23 bln t in 10M’17
16:35 COSCO (Guangdong) Shipyard delivers research/survey vessel to Guangzhou Marine Geological Survey
16:05 CMA CGM announces GRI from Asia to ECSA
16:03 Bunker prices may turn into irregular phase in the lead-up to OPEC’s meeting
15:44 Okskaya shipyard lays down the first non-self-propelled oil barge in a series of ten vessels ordered by STLC
15:33 European Sea Ports Organisation welcomes a deadline for global solution on CO2 from shipping
15:00 Ports of Ayr and Troon celebrate delivery of new Scottish-built pilot vessel
14:19 Corvette Soobrazitelny, Baltic Fleet, performed some training missions in piracy affected areas in Gulf of Aden
14:02 Wärtsilä engines and exhaust gas cleaning chosen for new cruise ship
13:23 Navigation 2017 to close in Azov-Don Basin of Russia’s IWW on 1 December 2017
13:02 Oldendorff Carriers receives IBJ Bulk Ship Operator of the Year award
12:36 Russia’s General Board of State Expert Review approves Phase I of Bagayevsky Hydrosystem project
12:10 Ports of Ayr and Troon celebrate delivery of new Scottish-built pilot vessel
11:52 Marine Recruiting Agency goes on with the program of RTG operators training
11:29 Coal exports via Rosterminalugol terminal hit 22 mln t milestone this year (photo)
11:04 MGO prices are still high at the Far East ports of Russia (graph)
10:41 Throughput of port Kaliningrad in Jan-Oct'17 grew by 16% to 11.28 mln t
10:18 Brent Crude futures price down 0.25% to $63.16, Light Sweet Crude – down 0.21% to $57.90
09:53 Ukraine’s water transport carried 0.5 mln passengers in Jan-Oct'17, up 30.2%, Y-o-Y
09:35 Port of Singapore throughput up 5.9% to 519.68 mln t in 10M’17
09:17 Baltic Dry Index up to 1,413 points

2017 November 22

18:02 Throughput of port Vyborg up 13% to 1.24 mln t in 10M’17
17:46 New research reveals ‘golden period’ ahead for the Port of Barrow
17:24 Iceland accedes to air pollution treaty
17:03 MSC receives the ‘Container Line of the Year’ award
16:35 Throughput of port Primorsk in 10M’17 down 9% Y-o-Y to 49.40 mln t
16:03 Scottish energy ports capability directory launched
15:47 Throughput of port Vysotsk up 2% to 14.42 mln t in 10M’17
15:21 Cargo transportation by Ukraine’s water transport down 13.3% to 4.8 mln t in 10M’17
15:03 Otto Energy confirms the installation of the jacket and decks comprising the SM 71 F Platform
14:44 Throughput of port Ust-Luga up 11% to 85.04 mln t in 10M’17
14:36 APM Terminals opens a new era for Puerto Quetzal
14:22 Okskaya shipyard will build a series of six trawlers for fishing company Variant
14:03 Forth Ports installs NORBIT survey system for the Forth and the Tay
13:21 DOF sells the vessel Skandi Møgster
12:39 ABB Ability™ Marine Pilot Vision looks beyond human vision for ship automation
12:16 Crowley provides ATB to deliver jet fuel from U.S. mainland to Puerto Rico
12:15 Throughput of Big Port St. Petersburg up 10% to 44.01 mln t in 10M’17
11:46 Navigation season at the main route of the Volga-Baltic Waterway is over (photo)
11:08 Hapag-Lloyd buys low carbon refrigerant containers from Maersk Container Industry
10:51 Bunker prices are flat at the Port of Saint-Petersburg, Russia (graph)
10:30 Brent Crude futures price up 0.13% to $62.30, Light Sweet Crude – up 0.12% to $56.49
10:07 Wagenborg Offshore chooses ULSTEIN PX121 design