According to a report by Coherent Market Insights, called: “Port Infrastructure Market – Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2016-2024”, port infrastructure market is projected to witness a major growth through the period 2017-2025. This growth will be caused by increasing sea trade.
Wärtsilä was granted all the necessary building permits and is ready to start the construction of the LNG terminal at the Finnish Port of Hamina. The company will build the terminal under a turnkey contract which reached a financial close. The LNG terminal is expected to start operations in 2020.
Yilport Oslo informed that it has experienced a significant increase of intra-European cargo being discharged in 2018. Specifically, in April container volume increased by 21% compared to 2017. Total growth for 2018 is 7% for the first 4 months. A total of 179 container vessels were operated in this period.
EIA said that US crude oil exports averaged 1.1 million barrels per day in 2017 and 1.6 million b/d so far in 2018, an increase from less than 0.5 million b/d in 2016. This increase happened despite the fact that US Gulf Coast onshore ports cannot fully load Very Large Crude Carriers. Instead, export growth was achieved using smaller and less cost-effective ships.
NSW Ports will apply an environmental incentive to vessel related charges imposes at Port Botany and Port Kembla. This initiative aims to reward higher standards of environmental performance in NSW ports. NSW Ports will most probably start from 1 January 2019. The incentive aligns with international approaches.
The increase in expenses is because of the increase in financing for the modernization of environmental facilities. Specifically, the Port improved the water disposal system of the First and Second Port areas, reconstructed sections of the sewage collector, conducted a complex of work on the organization of metering stations in some wastewater releases.
The Port of Rotterdam informed that Maasvlakte 2 offers space for offshore testing and demo facilities. In order for someone to know all the facilities located and what they can offer, the Port released its Offshore Innovation overview. In this the Port of Rotterdam outlines the testing capabilities it offers on land, water and air.
The US Coast Guard completed a review of the Waterway Suitability Assessment for the Jordan Cove Liquefied Natural Gas Terminal, on Thursday May 11, 2018. The Captain of the Port Sector Columbia River recommended that the waterway is suitable for LNG marine traffic associated with this project.
Bermuda Land Development Company Limited called local and international developers to submit their qualifications for consideration about two infrastructure projects in Bermuda: a national Energy Generation Facility; and an international Cargo Port. The proposed Energy Production Facility and Cargo Plant are both expected to exceed US$150m, and will take several years to complete.
The Port of Hamburg, as part of its attempt to handle ultra-heavy loads, received a unit load capacity of 600 tons, “Enak”. This would be one of the most powerful salvage/floating cranes in Germany. The crane’s owner Lührs Schifffahrt, acquired “Enak” from Bugsier Reederei, and transferred it to Hamburg.
Fearnleys: VLCC activity 'far disappointing' last week21/03/2019
Sea Traffic Management can help achieve GHG emissions reduction21/03/2019
OPEC crude production sees lowest level in 4 years21/03/2019
Rogue waves occur less, but become more extreme21/03/2019
UK, Seychelles cooperate to tackle piracy in the Indian Ocean21/03/2019
Sunken Grande America was carrying Porsche 911s21/03/2019
NYK presents market analysis initiatives via AI and big data21/03/2019
Port of Corpus Christi prepares to accommodate larger tankers21/03/2019
TT Club launches campaign on cargo safety in light of fire incidents21/03/2019
- Cyber Security
ABS, SecurityGate partner to provide cyber risk analysis21/03/2019