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The Department of Social Welfare and Development (DSWD) announced yesterday that it had released nearly P79 million to benefit its Climate Change and Adaptation and Mitigation (CCAM) projects in Region 1. DSWD Regional Director Marcelo Nicomedes J. Castillo said various CCAM projects are now set to be implemented in 38 Local Government Units (LGUs) in… Read More
A new study shows just how important it is for the Calcasieu Ship Channel to be dredged to its congressionally authorized depth and width. Officials with the Baton Rouge-based firm CSRS said the ship channel could bring 10,000 new employees to the Lake Area by 2023, along with another $4.9 billion in annual local revenue… Read More
Shipping lines have expressed their apprehensions over calling at Mumbai port following reduced draught levels making their position vulnerable while berthing. In a letter addressed to chairman of Mumbai Port, Mumbai and Nhava Sheva Ship Agents Association has pointed out the decline in draught levels would lead to bunching of deep draught vessels increasing their… Read More
Stakeholders in the maritime industry have drummed support for the continuous dredging and maintenance of the channels leading to Nigerian ports. The stakeholders, Mr. Okonkwo Adiele and Chief Andrew Ogunleye argued that a mechanism needed to be put in place to ensure that there was no hitch in the navigation of vessels into the nation’s… Read More
The tourism ministry’s chief officer outlined a precise timeline for the progress of the cruise berthing project when he answered questions in Finance Committee Wednesday. But conflicting messages from the premier on the unresolved talks with the cruise lines, which were revealed Friday, and environmental questions over coral relocation throw the timeframe into question. The… Read More
Union government will help IIT Chennai for creating a Centre of Excellence which will troubleshoot various issues that arise during the current spate of development of ports and rivers. Union minister for Road Transport and Highways, Shipping and Water Resources, Nitin Gadkari today announced the appointment IIT Chennai for creating Centre of Excellence. The minister… Read More
Peel Ports has confirmed that a sinkhole at the Liverpool 2 container port has been fully repaired, while chief executive Mark Whitworth said outline designs for the port’s second phase were now being prepared. Place North West reported last Friday that contractor Bam Nuttall had completed works at the sinkhole, which was first discovered in… Read More
Last month, global management firm McKinsey released a report analysing the future of the container shipping industry. Inspired by the changes in the global sector following containerisation in 1967, McKinsey began reimagining the industry 50 years from now and what role the rapid advancement of technology would play in the coming decades. One key point… Read More
It’s official: The U.S. Army Corps of Engineers has released a draft feasibility study recommending the advancement of a nearly $322 million project to dredge the port’s main shipping channels to at least 55 feet. If all goes as planned, the Port of Hampton Roads would have shipping channels deeper and wider than the Port… Read More
Container trade at the Port of Savannah grew by 32 percent in October, with Garden City Terminal moving 410,000 twenty-foot equivalent container units, an increase of nearly 100,000 TEUs. It was the first time in the port’s history that it topped 400,000 TEUs in a single month. For the fiscal year to date (July 1-Oct…. Read More
Financial investors in North American ports and operating terminals may face difficult choices in the next few years, as margins continue to be squeezed and returns diminish, according to a new report from AlixPartners. Prior to the global recession, scores of institutional investors were lured to the sector and its seemingly risk-free and stable returns…. Read More
The government in Colombia is undertaking a study for the development of terminals across 17 ports, distributed between the country’s Caribbean and Pacific coasts. These are seen as medium-term projects and their establishment would help upgrade existing logistics provision in the country. The various projects would require private sector investment of approximately $1.5bn. Three of… Read More
The European Commission has approved under EU state aid rules the prolongation until end 2022 of various Belgian support measures for maritime transport. To address the risk of flagging out and relocation of shipping companies to low-tax countries outside of the EU, the Commission’s 2004 Guidelines on state aid to maritime transport allow member states… Read More
Concerned that an appeals court stay of the contentious Clean Water Rule is at risk, U.S. EPA and the Army Corps of Engineers are working to delay the effective date of the Obama-era regulation. The White House Office of Information and Regulatory Affairs is considering the proposed amendment to the 2015 standard, also known as… Read More
Dithering on privatisation is not distracting Canadian ports from building their business, says Martin Rushmere Depending on whom you ask, cargo volumes through Canadian ports will rise between five and 10% this year, with containers likely to hit the 6m teu mark and, according to ultra optimists, perhaps reaching 7m teu. Half-year volume figures show… Read More