• 2008 January 29 07:35

    Kingston is number one Caribbean box port

    Containerization International 2006 has ranked Jamaica's Kingston Container Terminal (KCT) as the number one facility among the Caribbean's top 23 container terminals.
    These rankings have been based on total container throughput in TEUs per year.
    Reports have pointed out how the region's top three container ports are being managed by global operators instead of Caribbean-based ports or companies.
    One report said that this is “reflective of the infiltration of globalization.”
    A shipping superintendent Portworld spoke to however praised the benefits of privatization and said that having major players would mean “more funding, more calls, more connectivity and ultimately more efficiency.”
    KCT is run by Maersk's APM Terminals BV. while the second best Caribbean container facility, Freeport Container Port in the Bahamas, is being run by Hutchison Port Holdings (HPH).
    Third-ranked Port of Spain in Trinidad is being managed by the UK's Portia Management Services Ltd. and sixth-placed Caucedo Container Port in the Dominican Republic is run by DP World.
    A report from the Drewry Shipping Consultants had calculated that only four companies handle some 30% of total worldwide container traffic.
    These four companies are PSA, APM Terminals, HPH and DP World.
    Calculated in reference to equity per TEU, given PSA's acquisition of 20% of Hutchison, PSA topped the league with 41.2 million TEUs (old figures, PSA handled 58.85 million TEUs in 2007) or 9.3% of the global total.
    In second place was APM Terminals with 32.4 million TEUs or 7.4%, followed by Hutchison with 30.8 million TEUs or 7%.
    DP World was in fourth place with a 5.9% share.
    Statistics show the four biggest operators are pulling away from their smaller rivals, with facilities owned by fifth-placed Evergreen only handling 8.1 million TEUs, representing a market share of 1.8%.
    According to the Drewry report, however, local terminal operators are often just as efficient as their global rivals.
    It said that however performance was measured – throughput per quay metre, TEU per ship-to-shore gantry or TEU per hectare - global operators were “no better or worse than local operators.”
    “The research shows that it is frequently the case that a well-run local terminal operator can perform at the same level as a global operator located in the same region,” said Neil Davidson, director of research for ports at Drewry.


2014 November 24

10:43 Jackup rig Mercury is being towed to the Caspian Sea
10:32 Bahri to prepare a feasibility assessment to develop a world class maritime yard in The Kingdom of Saudi Arabia
09:47 Estonian Government agrees on potential routes for Rail Baltic
09:30 Oil price up to $80.36 in London and up to $76.51 in New York
09:11 Baltic Dry Index down to 1,324 points

2014 November 23

11:18 Royal Caribbean to transfer Majesty of the Seas to Pullmantur
11:13 Ulstein launches first vessel for Kuma
11:11 Statoil to cancel the Stena Carron rig contract
11:05 Chairman Drydocks World & Maritime World receives “Outstanding Achievement Award” from Lloyds List

2014 November 22

11:10 MSC U.K. wins the Shipping Line of the Year Award
11:07 Hapag-Lloyd suspends sailings on Central China 4 Service
11:03 Boskalis wins SponsorRing 2014 award
11:00 Vroon's tanker-assist vessel VOS Hera joins Aberdeen fleet
10:58 LUKOIL Board of Directors approves key indicators of corporate budget for 2015

2014 November 21

18:06 CSSC and Carnival Group sign memorandum of understanding
17:36 Havyard Ship Technology signs contract for two more icebreakers
17:05 CMA CGM announces General Rate Restoration from Asia to Mozambique on Mozex Line
16:46 Rosmorrechflot’s expert council approves Krylov Center’s design of new shallow-water icebreaker (photo)
16:04 Port of Gothenburg and eight shipping companies to join forces to increase the volume of paper and timber products
15:53 IMO adopts regulations to enhance safety of navigation in polar waters
15:50 CMA CGM announces General Rate Restoration from Asia to West Africa for all 20' containers
15:50 Dredging vessel of project TSHD 2000 to RS class laid down in Vietnam
15:05 Cochin Shipyard delivers the Fast Patrol Vessel to the Indian Coast Guard
15:04 FESCO Board of Directors approves new composition of Management Board
14:44 «Spasatel Karev» takes on board 21 crew members of a drilling platform «GSP Saturn»
14:39 Southampton named UK’s best cruise departure port
14:05 Golden Ocean reports loss of $11.7 million for the third quarter of 2014
13:48 Cargo transportation within Azov-Don River Basin up 0.6% to 13.76 mln t in navigation-2014 (photo)
13:04 Dr Helmut Sohmen retires as Chairman of BW Group and BW Offshore Boards
12:56 EPC in Oil and Gas 2015 to focus on management of major EPC projects in the industry
12:04 ZIM posts Q3 2014 results
11:46 Shipyard “Oka” to lay down multipurpose bunkering tanker of project 92800 on November 27, 2014
11:30 Integr8 Fuels hires several former OW Bunker group traders
11:04 Fincantieri signs agreements with Carnival Corporation and China State Shipbuilding Corporation
10:38 Drewry All Earnings Shipping Index surges 50% on tanker gains
10:35 Rosneft ships first oil from the Northern Tip of Chayvo field
10:22 Gazpromneft Marine Bunker boosts “on board” sales of marine fuel by 48% to 2.5 mln t in Jan-Sep’14
09:58 Baltic Dry Index up to 1,332 points
09:30 Oil price up to $79.33 in London and up to $75.85 in New York

2014 November 20

18:06 COSCO (Guangdong) Shipyard delivered a self-erecting drilling tender barge to Energy Drilling
17:36 Carnival Corporation reduces rate of CO2 emissions by 20 percent
17:06 ERS increases the frequency of its rail service between the port of Rotterdam and the CLIP Terminal near Poznan to 8 per week
16:41 JOC ranks Jebel Ali Number One over more than 480 ports worldwide
16:39 MOL implements General Rate Restoration from Asia to East Coast South America
16:36 Hapag-Lloyd announces temporary suspension of PA2 Service between US East Coast and Europe
16:33 G6 Alliance announces Pacific Atlantic Service adjustment
16:29 APM Terminals signs expansion plan for Tema
16:10 Creditreform updates the company rating of Rickmers Holding
15:49 Expert predicts mixed price movements in bunker market next week
15:33 Construction of building for state authorities commenced at port Bronka
15:05 Wison Offshore & Marine celebrates the undocking of the Caribbean FLNG facility in Nantong, China
14:51 Alexander Likhachev appointed as head of FSUE Rosmorport’s Sochi Branch Directorate
14:29 Transas Group to manufacture navigation and communications equipment for tankers under Yamal LNG project
14:10 Fred. Olsen Cruise Lines is ‘Best Value for Money’ three years in a row
13:04 Ulstein Verft’s largest vessel so far is under full production
12:47 Russian shipbuilders are behind leading global producers, RF Prime Minister says
12:30 Norwegian Cruise Line completes acquisition of Prestige Cruises International
12:12 RAS and FASO back up establishment of Arctic research center in Arkhangelsk
12:03 Rickmers-Linie implements ECA Surcharge for container
11:30 ECT orders three new quay cranes