The Port Authority of Busan issued with the the Port of Rotterdam Authority a Letter of Intent for the allocation of a 5 to 10 hectare site on the Maasvlakte Distribution Park West. It is the second LOI signed in a short time for this distribution site and defines it as a premium logistics location for property developers, investors, shippers and logistics service providers.
The Port of Savannah moved more container cargo in October than any other month in its history, with 413,800 TEUs crossing its docks. Containerized trade at the Port of Savannah has increased by 8% for the January-October 2018 period, totaling 1.53 million TEUs -up 113,000 compared to the same period last year.
According to the World Bank report 2019 on Ease of Doing Business, India has jumped 23 ranks from 100 in 2017-18 to 77 in 2018-19. This indicates that the country is continuing its shift towards global standards. The report mentions that this improvement is mainly because of India’s reform agenda.
Canada’s Transport Minister Marc Garneau announced $17.7 million in the Port of Hamilton from the National Trade Corridors Fund. The investment will be matched by the Hamilton Port Authority, in support of the port’s $35.45 million Westport Modernization Project.
The City of Oakland has cancelled a lease agreement for a coal terminal which had raised controversy. The city said the it cancelled the project because of a lack of progress on the ground. The terminal was in courts from 2016, when Oakland voted to ban ship coal using city land.
Ahead of the final arrangements for Brexit, the British Ports Authority said that it may take some before the industry can see what implications the final deal will have for ports. BPA’s Chief Executive, Richard Ballantyne, noted that currently there is uncertainty regarding the potential future cross-border processes.
The Long Beach Board of Harbor Commissioners granted over $3 million in order to support four projects that will help improve water quality in and around Long Beach as part of the Port Community Grants Program. The $46.4 million program aims at reducing the environmental impacts of goods movement.
International Container Terminal Services revealed plans to invest more than PHP5 billion to develop the Iloilo Port Complex and the Port of Dumangas in the province of Iloilo, Western Visayas, Philippines, as part of its aim to modernize the infrastructure of the ports and make them an international gateway concerning cargo movement.
Despite the conflict between US and China concerning tariffs, the Port of Oakland keeps on having a steady cargo volume growth for a third year straight. However, it is of a great interest whether the steady flow can last in the future. The Port of Oakland addressed that its import volume is up 2.7% in comparison to 2017.
The Maritime and Port Authority of Singapore informed that the Port Master prohibits all vessels from transiting, anchoring or remaining within specific areas in the Eastern Anchorage and Eastern Holding C Anchorage. The prohibition will apply from 13 November 2018 to 15 November 2018.
Egyptian government announces shipping incentives19/07/2019
Arrested OSV shuts down AIS, runs from Aruba's authorities19/07/2019
US takes down Iranian drone in Strait of Hormuz19/07/2019
Carnival Panorama passes sea trials in Adriatic Sea19/07/2019
US announces oil and gas lease sale for all available areas in Gulf of Mexico19/07/2019
Sri Lanka Navy saves vessel from hitting Bonavista coral reef19/07/2019
Partners consider the creation of offshore solar panels19/07/2019
Two crew members killed on bulk carrier off Brazil19/07/2019
Oil spill observed near Hibernia platform, Canada19/07/2019
EU, Canada agree on ocean partnership plan19/07/2019