Tag: RORO

The Metro Vancouver region is home to the Port of Vancouver, the largest port in Canada. Port of Vancouver-related activities help support more than 115,000 jobs in Canada and the trade of over $200 billion in goods annually. About 8 ships call on the Port of Vancouver every day.

The capsizing of Herald of Free Enterprise, only a few minutes after leaving Zeebrugge port on 6 March 1987, killed 193 people. The incident is considered, not only as the deadliest casualty involving a UK-registered ship since 1919, but also as a wake-up call for safety improvements.

Speaking during the Port of Esbjerg's annual meeting, Chairman of the Board Flemming N. Enevoldsen, informed that the wind business is flourishing. If Denmark succeeds in seizing the opportunity, the wind hub of the North Sea may prove to be the green equivalent of the Norwegian oil adventure, CEO of Energinet, Thomas Egebo, noted. In addition, more Ro-Ro cargo and more ship calls mean that the Port has delivered a satisfactory profit for 2018.

Ro-Ro and passenger services operator Finnlines announced that it is suspending its service TransRussiaExpress, due to 'a constant deterioration on the Russian market' the company has been facing over the last few years. 

While Theresa May is trying to prevent the UK from leaving the EU without a deal next month, some companies are making their plans to bypass the port of Dover in an event that a hard Brexit creates significant problems. However, container terminals say that they will be capable of processing the extra cargo without any delay.

China Merchants Energy Shipping (CMES) announced its plan to raise around RMB4.1bn ($610 million) through new share offering. The company will use part of the money to fund newbuilds on order, including four VLCCs and two VLOCs. It also expects to spend $50 million on fitting 10 VLCCs with scrubbers.

The UK MAIB issued an investigation report on the UK-registered ro-ro passenger ferry, Pride of Kent, that struck a jetty and then grounded while departing Calais, France, on December 2017 amid loss of control. The ferry was re-floated later that day and moved to a berth where the passengers disembarked.

DP World PLC, the Dubai-based port operator, announced its interest on purchasing the holding company of P&O Ferries and P&O Ferrymasters of GBP 322 million (USD 421 million). The transaction implies a 2017 Enterprise Value/EBITDA valuation multiple of 6.1x.

Port of Rotterdam's throughput in 2018 resulted to 469.0 million tonnes, a little bit higher than 2017. Container transhipment reached a 4.5% increase in tonnage, whereas measured in TEUs, the standard unit for containers, increased by 5.7% and the annual total was 14.5 million TEUs.

Yilport Holding, port management and logistics subsidiary of Yildirim Group had a 'golden year' due to the increase of its business and volumes growth. The worldwide terminals handled 6.41 million TEU containers in 2018, reporting 5% year-on-year volume development in comparison to 2017, that was led by its 10 container terminals in Turkey, Scandinavia, Iberia, and Latin America.