• 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 July 30

16:54 Noble Corp. sets schedule for dividend payment
16:34 Höegh LNG Partners LP announces launch of IPO
16:29 Navios Partners H1 net income rises to $30.0 million
15:47 Russia's Rosneft and Venezuela's PDVSA ink offshore projects, joint venture agreements
15:33 Seaport St. Petersburg spends over $519,000 for H12014 green program
15:05 Rosmorport to pick contractor for building a navaids facility on Russky Island
14:34 VSMC awarded contract for Westermeerwind Wind Farm work
14:11 Höegh LNG unit PGN FSRU Lampung commences commercial operation
13:45 General Dynamics awarded $25M GPS contract from Lockheed Martin
13:21 Vostochnaya Stevedoring Co. adds yet another RMG 40 to its crane fleet
12:33 RV "Akademik Treshnikov" embarsk on its maiden Arctic voyage (photo release)
12:16 Southern Customs: 85% of ships arriving at Port Kavkaz enjoy simplified inspection procedure
11:24 Port Freeport takes delivery of two Post Panamax cranes
11:07 Kerch ferry line's vessels transport 4,201 vehicles, 18,715 passengers
10:43 Russian aircraft, ships take part in the Baltic marine search and salvage drills
10:23 Baltic Dry Index climbs to 747 points
09:43 AS Tallinna Sadam sees H1 net profit rise 16% to EUR 20.2M in H1
09:19 Brent Crude prices gain to $107,72 in London, in New York - fall to $100.97

2014 July 29

18:26 Larsen & Toubro revenue rises 10%, order inflow up 11% in Q2 2014
18:16 United Transport Directorate: Kerch ferry service not hit by EU sanctions
17:40 UCL Port freight throughput rose 9% in H1 to 15.4 million tonnes
17:14 ABS chosen to class the world’s first CNG vessel
17:06 IAA PortNews updates dredging tenders announcements
16:46 USCG Cutter Thetis returns after two-month patrol deployment in the Carribean Sea
16:38 IHC Hytech wins order for containerised air-dive spreads
16:29 Great Lakes wins $35 million land reclamation contract in Bahrain
16:19 Murmansk to host 7th Conference Arctic Development: Step-by-Step, Nov. 18-19, 2014
15:35 Lady Fox owner to pay out $83,969 in back wages
15:24 Pirates hijack Kiribati-flagged tanker MT Hai Soon 6 off Ghana coast
14:57 Arcticmorneftegasrazvedka decommissions two vessels
14:27 USCG assists stranded charter vessel off Nahant, Mass.
13:57 BSF's diving school to receive modular S&R boat of project 23370 in late August (photos)
13:22 Scorpio Tankers reports Q2, 1H 2014 results
12:54 Azerbaijan to invest $301.4 million in construction of new semi-submersible rig
12:09 Vladimir Putin says Russia should phase-out imports rapidly
11:35 Gondan Shipyard to build two patrol boats for Spanish Guardia Civil
11:28 Kerch ferry line terminal congestion update: about 730 cars at ports of Kavkaz and Krym
10:54 Raytheon Anschütz launches ShipGuard at SMM
10:49 Russian M100 product spot price gains last week to RUB 11,006 pmt
09:58 Baltic Dry Index gains to 743 points
09:47 Brent Crude prices fall to $107,57 in London, in New York - to $101.67
09:43 GTT receives order from DSME for nine additional ice-breaking LNGCs

2014 July 28

18:47 GDI awards N-KOM contracts worth US110 million
18:06 Sosnovsky Shipyard set to deliver two bilge water collection ships by the end of 2014
17:09 The Nigerian Maritime Administration and Safety Agency launches 24-hour Satellite Surveillance Centre in Lagos
16:57 Oka Shipyard to build for Tuapse port operator RDB 27.05-series oil tanker
16:12 Nuclear submarine "Vladimir Monomakh" completes Phase 1 state trials
16:09 Capital Product Partners L.P. announces Q2 2014 financial results and charter renewal for M/T 'Axios'
16:05 Dorian LPG Ltd. announces strategic relationship with HNA Logistics Group Co., Ltd. and delivery of first VLGC in newbuilding program
15:49 CCNI and Hamburg Süd sign preliminary agreement
15:27 Coal exports from Russia grew 15% in H1 2014 to 75.05 million tonnes
15:16 LNGL to acquire Bear Head LNG project in Canada for $11 million
14:47 USCG, partner agenices rescue three from boat crashed onto Buffalo Harbor breakwall
14:08 Lavna terminal handles its first ship ever
13:12 Russia's crude exports down 5.1% in H1 to 111.91 million tonnes
13:11 Oil spill response drills in Big Port St. Petersburg (photo release)
12:42 HII awarded $13.7 million contract modification for CVN 76 work
12:19 Half-year diesel fuel production in Russia climbs 10.2% to 38.4 million tonnes
12:17 Russia sees 5.7% gain in fuel oil production in H1 to 39.1 million tonnes
11:23 Six vessels of Kerch ferry service carried more than 3727 vehicles