• 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 February 16

18:06 CMA CGM announces FAK rates from the Indian Subcontinent to North Europe and the Mediterranean
17:54 Future Outlook Forum will take place on 20 March as part of Intermodal Asia 2018
17:36 Global Container Terminals orders 10 more Konecranes RTGs for its terminals in British Columbia
17:09 University of Kent partnership helps the Port of Dover cut queues and boost efficiency
17:06 Port of Oakland reports 2.1 percent increase in export volume in January 2017
16:58 Container throughput of port Hong Kong (China) up 9.2% to 1.81 million TEUs in January 2018
16:35 Royal Vopak expands Vopak tank terminal (JTT) in the Port of Jakarta - Indonesia
16:05 DP World signs agreement with government of Jammu and Kashmir at World Government Summit
15:53 Murmansk Sea Fishing Port handled 11,600 t of fish in January 2018, up 26.1% Y-o-Y (photo)
15:26 Cargo traffic through NSR in 2017 grew by 36% Y-o-Y to 9.9 mln t
15:25 PPR 5 agrees on the outline of IMO draft guidelines for implementation of the 2020 sulphur limit
15:01 NOVATEK to invest USD 1.5 billion in construction of LNG terminal at Kamchatka
14:37 Rosmorport announces tender for maintenance dredging at Volga-Caspian Canal
14:14 22 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on February 15-16
13:49 TransContainer’s net income in 2017 more than doubled Y-o-Y to RUB 5.42 million
13:25 Nuclear power plant of Vaygach icebreaker breaks Arktika’s record
12:30 Rosmorport appoints Irina Egorova as Chief Accountant of its Vanino Branch (photo)
11:56 BSM and Babcock International Group collaborate on innovative LNG Supply Vessel
11:23 EBRD supports efficient grain logistics in Ukraine
11:00 WFS, Marinvest, IINO, Mitsui, NYK to build four new ocean-going vessels capable of running on methanol
10:28 Research vessel Admiral Vladimirsky leaves Mumbai port, India
10:00 Port of Rotterdam container throughput up 12.3% in 2017
10:00 Brent Crude futures price up 0.51% to $64.66, Light Sweet Crude – up 0.54% to $61.67
09:39 New DNV GL class notations aim to improve stern tube bearing performance
09:34 Bunker prices continue going down at the Port of Saint-Petersburg, Russia (graph)
09:15 Baltic Dry Index down to 1,089 points

2018 February 15

18:27 Largest vessel to call at The Port of Philadelphia arrives from the West Coast of South America
18:06 Ampelmann gangway system installed succesfully on the Wagenborg Offshore's Walk to Work vessel
17:06 CMA CGM announces FAK rates from North Europe to China & Far East
16:57 Bunker market in anticipation of upward correction
16:38 Container throughput drives growth in Rotterdam
16:05 Caterpillar Marine announces upgrades to reman models in commercial and yachting applications
15:57 Kont to build 4 cruise terminals in the Leningrad Region
15:24 Number of maritime accidents in North Sea Canal Area down in 2017
15:04 LUKOIL's hydrocarbon production in 2017 up 2.4% Y-o-Y to 2.23 million boe per day
14:39 Peresvet and Oslyabya, ships of RF Navy’s Pacific Fleet, sail in training zone in Sea of Japan
14:16 UN Environment visits IMO
13:43 Jan De Nul to install wind turbine generators in Germany
13:12 Seaborne cargo throughput in Hamburg was stable Y-o-Y at 136.5 million tons
12:25 Railway infrastructure management issues of importance to Lithuania discussed with EU Transport Commissioner
12:01 ClassNK releases new PrimeShip-HULL (HCSR) software
11:44 Repair of tanker "President Heydar Aliyev" of Azerbaijan Caspian Shipping Company completed
11:17 Fuel oil prices are going down at the Far East ports of Russia (graph)
11:17 RIKON AS plans to launch manufacturing of mobile cranes in the Port of Riga
10:53 18 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on February 14-15
10:26 Posidonia 2018 to host international unveil of industry titans JV – International Maritime Industries
10:02 Brent Crude futures price up 0.81% to $64.88, Light Sweet Crude – up 1.14% to $61.28
09:40 Sailors of RF Navy’s Caspian Flotilla start training for Sea Cup 2018
09:18 Baltic Dry Index up to 1,095 points

2018 February 14

18:14 Tilbury2 examination process begins
17:51 PortXL selected port related start-ups and scale-ups for 2018
17:25 The Finnish Supreme Court did not grant the leave to appeal on the fairway dues dispute between Finnlines and the Finnish State
17:03 Documentation for maintenance dredging at Kavkaz and Taman ports obtains state environmental approval (photo)
16:44 PTP enforced FAS decision on the appeal of Baltic Sea Tug Agency
16:25 CMA CGM announces PSS from North Europe to Canada East Coast
15:52 Rosmorport target classroom opens at Admiral Makarov State University of Maritime and Inland Shipping
15:17 Sberbank and Sovcomflot conclude new USD 106 million project financing agreement
14:53 Container Terminal Saint-Petersburg spent EUR 9.1 million under its development programme of 2017
14:30 Polarcus awarded 4D project in West Africa
14:01 Keel laying ceremony held at AVIC Dingheng shipyard for Sirius Shipping’s first of two Evolution vessels