• 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.
     
     




2018 June 21

18:27 Diana Shipping announces time charter contract for m/v Philadelphia with Koch
18:00 CMA CGM announces new rotation on ASAF service
17:56 Russia is in need of small bunkering tankers, LNG bunker supply ships and bunker barges - Damen
17:31 Gate terminal (Gasunie/Vopak) to increase ship loading flow rate
16:58 Antwerp blockchain pilot pioneers with secure and efficient document workflow
16:24 Freeport of Riga Authority joins Cruise Lines International Association
16:02 Danaos Corporation announces comprehensive debt refinancing agreement
15:50 MABUX: All eyes are on what course of action OPEC will call for
15:40 12 LNG bunker supply ships to be put into operation in Singapore by 2025
15:02 Ship garbage recycling pilot wraps up at Port of Brisbane
14:39 Vyborg Shipyard launches port icebreaker Ob built for FSUE Atomflot
14:02 APM Terminals supports World Clean Air Day with App upgrade
13:41 Igor Zolotykh appointed as Harbour Master of port Ust-Luga
13:23 Victor Olersky appoints Igor Ishchenko as Harbour Master of port Primorsk
13:02 EU member states’ experts on ship recycling meet in Brussels
12:39 XI Russian Forum “Current State and Prospects for Development of Russian Bunker Services Market” opens in Saint-Petersburg
12:16 ABS issues industry-leading Guide advancing DC power for hybrid electric applications
12:00 Largest gantry crane in the Nordic countries delivered to Meyer Turku
11:57 HVCC Hamburg Vessel Coordination Center and the Rotterdam Port Authority launch unique cooperation
10:55 CMA CGM to acquire CONTAINERSHIPS, a leader in intra-regional transportation in Northern Europe
10:53 Protecting marine life from ship noise is in the focus of meeting on oceans and the law of the sea
10:28 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:02 Maritime officials in Morocco undergo training at IMO workshop in Casablanca
09:41 Closer look at the interpretation of maritime law
09:19 Baltic Dry Index down to 1,373 points

2018 June 20

18:00 Lead landing ship of Project 11711, Ivan Gren, joins the fleet of RF Navy
17:33 Rosatomflot extends its winter-spring navigation period amid challenging ice conditions
17:05 Genco Shipping & Trading Limited completes common stock offering
16:05 Seatruck Ferries to use larger vessels for Warrenpoint service
15:51 Maritime leaders endorse green initiatives for shipping
15:30 Mitsui to make entry into subsea support vessel business through acquisition of shares in AKOFS Offshore
15:04 Eighty-two Crowley vessels honored with Jones F. Devlin Awards in recognition of 613 combined years of safe operations
14:59 GasLog Partners LP announces new charter agreement with Cheniere Energy
14:24 Small icebreakers of Project 22740 can be converted to run on LNG
14:05 Cheniere Energy and Cheniere Energy Partners announce definitive merger agreement
13:13 ABB brings efficiency and sustainability through system integration to two new Indian ferries
12:39 Dredging works commenced at the port of Ust-Luga
12:01 ABP Southampton publishes Air Quality Strategy with package of commitments
11:20 Bunker prices are down up at the port of Novorossiysk, Russia (graph)
11:01 Crowley adds 40 ISO tanks
10:45 Yaroslavsky Shipbuilding Plant completed the series of six boom-laying boats
10:31 GTT receives an order from Hyundai Heavy Industries to design the tanks of a new LNG carrier
10:22 Brent Crude futures price up 0.41% to $75.41, Light Sweet Crude – down 0.59% to $65.3
10:05 Euroports increases pulp & paper warehousing capacity in Tarragona, Spain
10:00 RF Government expands the list of publicly funded projects in seaports and on IWW of Russia
09:37 Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
09:16 Baltic Dry Index down to 1,419 points

2018 June 19

18:06 100 million dollars to link the Nile with Suez Canal Region
17:03 DNV GL partners with the EU and Government of India to bring offshore wind to the Indian market
16:32 CMA CGM deploys its innovative solution for containers tracking, TRAXENS by CMA CGM
16:18 APM Terminals ‘Cool port’ barge service speeds up distribution from Rotterdam
16:02 Multraship acquires an ASD Tug from Med Marine for Terneuzen operations
15:32 Koper remains the most important port for Austria
15:02 CMA CGM announces GRR from East Coast South America to Africa, Gulf and West Coast North of India
14:32 Port of Oakland import volume flat in May 2018
14:25 Europort Romania maintains its position as the premier Black Sea martime event
14:02 British Ports Association comments on new report on Northern ‘Free Ports’ strategy proposal
13:32 Port seeks to double rail volume with Railport Antwerpen
13:02 Rijkswaterstaat awarded Van Oord the contract to dredge Marker Wadden channel
12:32 MOL to make full-scale move into subsea support vessel business by acquiring stake in AKOFS of Norway