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Monthly Archives: October 2014

Israeli Government set to privatise Ashdod and Haifa

Haifa's new Carmel Terminal

The Israeli Government will privatise its two main ports, Ashdod and Haifa in 2015 and 2016 respectively. The plans were proposed by the Finance Ministry and have been approved by the Prime Minister despite disagreement from within his cabinet. The Finance Ministry said the ports would be sold in a private sale, not on the Tel Aviv Stock Exchange, either ... Read More »

Maersk-MSC tie up could begin in January after FMC approval

The proposed 2M alliance of Maersk Line and Mediterranean Shipping Company (MSC) has been granted regulatory approval by the US Federal Maritime Commission (FMC), meaning the vessel sharing agreement may begin as early as January 2015. “The Commission’s decision is based on a determination that the agreement is not likely at this time, by a reduction in competition, to produce ... Read More »

Maersk announces low-sulphur surcharge

Cargo heading to or from the Baltic zone  will be charged an additional US$100 per feu.

Maersk Line have announced that from 1 January, 2015 it will implement a surcharge on cargo with an origin or destination in the new low-sulphur zones. These low-sulphur zones are being introduced by the European Union (EU) in the North Sea, Baltic Sea and English Channel as well as on both coasts of North America. The surcharge varies, depending how ... Read More »

Container trade recovery dependent on alliances, says Drewry

Drewry’s Container Annual Review & Forecast 2014/15 report emphasises that the recovery of the container industry, when that happens – possibly by late 2016 or 2017 – is to be based around the formation of the new mega alliances and the continued reduction of unit costs, rather than the matching of supply and demand at the individual trade route level. A different ... Read More »

Ports of Seattle and Tacoma to join forces

After many months of meetings and negotiations, and decades of rivalry, the ports of Tacoma and Seattle on the United States’ west coast have agreed to join forces in a Seaport Alliance to manage their cargo terminals. Earlier this year the pair proposed an information-sharing agreement to the US Federal Maritime Commission (FMC), as reported by this publication in January, ... Read More »

European Shippers Council urges US to regulate 2M alliance

The European Shippers Council (ESC), which represents European importers and exporters, has said it wants the US Federal Maritime Commission (FMC) to make sure the 2M alliance does not lead to increased freight rates. The 2M alliance is a proposed deal between the world’s two largest shipping companies, Maersk and Meditteranean Shipping Company which would lead to cooperation and cost ... Read More »

Charleston harbour deepening project reaches key milestone

The Port of Charleston, South Carolina

The US Army Corps of Engineers has released the Draft Integrated Feasibility Report and Environmental Impact Statement for the Post-45 Harbour Deepening project, recommending that the Charleston Harbour be deepened to 52 feet. The tentatively selected plan suggests deepening the inner harbour from its current 45 feet to a depth of 52 feet. The entrance channel would be extended and ... Read More »

Identec to supply reefer monitoring system to King Abdullah Port

Process automation specialist Identec Solutions has signed a contract to supply its CTAS 7.0 Reefer wireless monitoring system for 2,000 reefer slots at Saudi Arabia’s King Abdullah Port (KAP). The CTAS 7.0 system is the company’s latest generation real-time wireless monitoring and control system for refrigerated containers. Ports and container terminal operators can use the system to remotely monitor reefer ... Read More »

Veracruz seeks to quadruple capacity through US$1.8bn expansion

Container traffic at Veracruz rose 8% in 2013

containerThe Mexican port of Veracruz has plans to boost its capacity by more than 400% with a US$1.8bn expansion programme. Reportedly the first of two planned container terminals will be put to tender in the first quarter of 2014, part of a four-year expansion plan due for completion in 2018. It is thought that the government will pump US$1.2bn into ... Read More »