New figures published by the ports industry present the hidden scale of the industry across the UK. As well as being key trading gateways, handling 95% of UK trade, ports are also the base of the entire marine economy and are increasingly supporting other types of valuable economic activity, such as leisure, fishing, offshore energy and marine aggregates.
Sharing figures for the month of August, the US Port of Long Beach said it saw the fifth-busiest August in its 108-year history, handling a total of 663,992 TEUs. However, this represents a 2.3% decrease in its cargo movement compared to August 2018.
H-Energy Global, Indian natural gas company, signed a Port Service Agreement (PSA) with Kakinada Seaports Limited (KSPL), for the development of an LNG regasification and reloading terminal at Kakinada Port on India’s East Coast.
Eagle Terminals Corpus Christi LLC received its fist vessel at its new dock on the Corpus Christi Ship Channel on Wednesday, September 11. LLC is a joint initiative between Plains All American Pipeline and Enterprise Products Partners LP.
The Port of Los Angeles announced a new cargo record for the fifth consecutive month in August, moving 861,081 TEUs and recording the busiest August in its 112-year history. On this occasion, the head of the Port called for an end to US-China trade war for global trade stability to be restored.
Thessaloniki Port Authority, Greece signed an agreement with Hill International on a project expansion of infrastructure at the port’s Pier 6. In light of the terms of the relevant concession agreement, THPA has to provide a minimum of 180 million euros capital expenditure program to upgrade the port. The expansion project will last 46 months.
The Dutch Ministry of Economic Affairs and Climate Policy is moving forward with a project aimed to deliver sustainable heat to households in and around The Hague and the greenhouse horticulture sector in the Westland region, by using residual heat from sources in the Port of Rotterdam.
During a Hutchison Ports/IMO/IMO International Maritime Law Institute (IMLI) seminar, industry stakeholders questioned whether ports need international regulation. IMO Secretary-General Kitack Lim stated that there are additional things to explore and improve the cooperation between shipping, ports and logistics.
During the London International Shipping Week (LISW), the Department of Transport (DfT) and ABP’s Port of Southampton launched UK’s first Port Economic Partnership (PEP), an initiative to create stronger links between ports and Government, to maximise long-term trade and economic growth.
In light of the approaching Brexit, the UK needs to follow some key characteristics of the Strong Ports to thrive post its exit from the EU, given that the global trade and the maritime sector face many challenges, as the UK Major Ports Group stated.
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