• 2017 November 22 14:36

    APM Terminals opens a new era for Puerto Quetzal

    APM Terminals Quetzal is transforming Guatemala’s port sector by offering the highest productivity port operations in the country, the company said in its press release. In less than a year of operations, four new vessel strings have been added to offer the country’s import/export industries more connections to overseas markets. Guatemala City is now served faster by a Pacific port that is only 98 kilometers away compared to Atlantic coast ports which are five hours away. Equally important, Guatemala’s truckers for the first time in years can now make multiple trips every day into and out of the port thanks to APM Terminals Quetzal’s highly efficient, fast trucker turntime procedures which average 30 minutes.
    Speaking to government leaders, diplomats, customers and guests at the port inauguration ceremony, APM Terminals Chief Commercial Officer, Henrik Lundgaard Pedersen welcomed the audience and stated, “Every country wants access to a competitive port – and we are proud to design our new container terminal around the country’s growth needs and Guatemalan businesses. APM Terminals Quetzal will play a strategic role in Guatemala’s economic future and competitiveness in world markets. The container terminal you see here is a Guatemalan success story - run by Guatemalans with 170 new jobs created here and hundreds of indirect jobs for the future.”
    Trade accounts for 25.9% of Guatemala’s economy and most of Guatemala’s economic development is concentrated along the Pacific coast. As the country’s newest Pacific gateway port, APM Terminals Quetzal is ensuring exports of sugar, fruits and vegetables, coffee, grains, fertilizer, fish, cotton, textiles and tobacco which represent half of Guatemala’s exports are successfully handled to the highest quality standards.
    With 16.5 million people, Guatemala has the largest population in Central America. The IMF has projected an annual economic growth rate of 3.2% for 2017 and 3.5% in 2018. Guatemalan ports handled a combined 1.57 million TEUs in 2016, surpassing Costa Rica with 1.34 million TEUs for second place in Central America, after Panama, with its Canalassociated transshipment ports at Colon and Balboa, which handled 6.25 million TEUs in 2016, among the Central American nations.

    APM Terminals Quetzal has a capacity of 340,000 TEUs and is a 85%/15% joint venture between APM Terminals and The IFC - World Bank. APM Terminals has invested USD 180 million in the terminal and has plans for an additional USD 145 million to be invested over a 19 year period. As part of the company’s community outreach efforts, APM Terminals Quetzal has plans to cooperate with the Municipality of San José on community projects, representing an investment of USD 500,000 a year in projects that will be evaluated jointly.

2018 March 22

18:18 Global fuel market to remain relatively stable next week, expert says
18:03 Port of Klaipeda (Lithuania) handled 7.25 million tonnes of cargo in 2M'18, up 6% Y-o-Y
17:45 Transas to return all funds received under state support programme in 2016-18
17:12 Germany based firm offers AIS vessel management tracking systems preventing IUU fishing
16:51 Investments of Tuapse Sea Commercial Port in production development totaled RUB 343 million in 2017
16:30 Rolls-Royce completes the £1.3 million MAXCMAS research project
15:59 Nitrogen deposition in the oceans needs further study
15:30 Acta Marine newbuild successfully completed sea trials
14:30 APL starts new India Pakistan Express 2 Service
14:04 RF Transport Ministry defines procedure for approval of widespread minerals production at Russia’s IWWs
13:33 Open simulation platform launches with new partners
13:12 Volga Shipping Company named “Industry Leader” in “Cargo Shipping Company” nomination
12:58 Wärtsilä Seals & Bearings joins the Green Award scheme in support of clean environment
12:48 WMU Board of Governors meets in Turkey
12:25 MAN Diesel & Turbo partners with Hyundai to build new test-engine facility in Ulsan
12:00 Workshop on prevention and control of shipping and port air emissions being developed as part of GloMEEP-IAPH partnership
11:36 19 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 21-22
11:21 Russian Trade and Economic Development Council sign MoU to further strengthen commercial ties with Abu Dhabi Ports
11:14 Bunker prices are flat at the Far East ports of Russia (graph)
10:53 The Maritime Standard announces a special discount for the 2018 Awards
10:27 Brent Crude futures price up 0.01% to $69.48, Light Sweet Crude – up 0.09% to $65.23
10:05 Ukraine’s water transport carried 1,000 passengers in 2M’18, down 64.7%, Y-o-Y
09:41 Cargo transportation by Ukraine’s water transport grew by 41.2% to 0.3 million tonnes in 2M’18
09:19 Baltic Dry Index down to 1,117 points

2018 March 21

18:29 Wight Shipyard wins second order for fast ferry duo from Mexican ferry operator
18:16 Dorian LPG announces third Japanese financing
18:14 GasLog Partners LP announces acquisition of GasLog Gibraltar for $207 million and repayment of intercompany loan
18:04 ABP South Wales achieves new ISO 9001:2016 standard for bulk handling operations
17:42 Port of Gdansk to breathe new life into Dworzec Drzewny Quay
17:20 ABB wins contract to equip two next-generation shuttle tankers with future-proof solutions
17:13 Finnlines decides to exercise the options to lengthen two more ro-ro vessels
17:03 Throughput of Chinese ports up 4.7% to 1.45 billion tonnes in 2M’18
16:39 Pavel Bezmaternykh elected as Director of Eastern-Siberian Inland Navigation Company
16:18 Port of Gdansk overhauls its quays
16:00 Novikombank provides a $100 million loan to STLC
15:47 Huntington Ingalls names two vice presidents
15:21 Gulf Island Fabrication secures contracts for two specialized vessels
15:04 Seatrade Maritime Middle East 2018 to be held in Dubai on 29-31 October as part of UAE Maritime Week
14:42 LUKOIL’s profit in 2017 more than doubled YoY to RUB 418.8 bln
14:23 Wärtsilä and Crowley extend maintenance agreement for 11 articulated tug barges
13:56 IMO launches a video outlining how GMN initiative is uniting MTCCs into a global network
13:29 Ulstein built SOV Acta Auriga completes sea trials
13:11 Dubai will host MARACAD Maritime Innovation Awards on 3 October 2018
13:02 MARACAD 2018 will be held in Dubai on 2-3 October
12:30 17 icebreaker escort operations performed in eastern part of Gulf of Finland during 24 hours on March 20-21
12:09 Port of Quebec to cooperate with Port of Zeebrugge
11:47 Port of Immingham and partners hosted Driving Safety Forward forum
11:39 Vostochny Port JSC exported 5 million tonnes of coal YTD (photo)
10:50 Claimants and defendants in the case on allision of Delta Pioneer tanker with a pier at Primorsk port come to amicable agreement
10:31 Finnlines plans to lengthen two more Ro-Ro ships
10:15 Brent Crude futures price up 0.24% to $67.58, Light Sweet Crude – up 0.25% to $63.7
09:51 ABP's Port of Ayr took delivery of Liebherr crane
09:44 Bunker prices are going up at the Port of Saint-Petersburg, Russia (graph)
09:17 Baltic Dry Index down to 1,122 points
08:08 Scottish ports secure AEO status for Leith, Rosyth and Grangemouth
00:32 Ontario Government accepts Damen proposal for full ferry electrification

2018 March 20

18:20 Sirius Petroleum announces delivery of compact well head systems for Ororo-4 and Ororo-5
18:02 Leningrad Region Governor visits Vyborg Shipyard
17:56 PSA’s Bharat Mumbai Container Terminals enhances Nhava Sheva connectivity with first barge and train volumes
17:40 Van Oord posts results for 2017