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Smaller-sized ports in the Gulf region of the Middle East are likely to undergo a round of consolidation that will leave only five or six major players to compete in the market, according to Mark Geilenkirchen, CEO of Oman’s Sohar port and freezone. Competition among ports in the region is heating up as operators chase… Read More
Construction of the first three berths at the new Lamu port is 20 per cent complete, the Lamu Port Southern Sudan- Ethiopia Transport Corridor Development Authority has said.The authority projects that the first berth will be operational by June 2018 while the other two will be ready by December 2020. The construction involves reclamation of… Read More
The government has taken an initiative to conduct dredging at the outer bar of Pashur channel to enhance Mongla port’s large ship handling capacity, keeping an eye on future needs. Currently, the country’s second largest port cannot handle ships larger than 8.5-metre draft at anchorage of Pashur channel because its outer bar does not allow… Read More
With authorities failing to increase carrying capacity of river Jhelum, experts have blamed outsourcing of dredging process saying “it has proven to be sheer wastage of money.” Experts maintain that viable option to increase Jhelum’s carrying capacity is to revive the erstwhile ‘Circle for Dredging’ in the Irrigation and Flood Control department. The Circle existed… Read More
India’s 12 major ports posted a record profit of about `5,000 crore for 2016-17, powered by the shipping ministry’s focus on reducing the turnaround time of ships and adding various non-core commodities to its freight basket. These ports had reported a profit of Rs 4,000 crore in the previous fiscal. “We have grown faster than… Read More
Four northern New York counties, including Cayuga, are reinvigorating a 2014 dredging master plan for the southern shore of Lake Ontario. Steve Lynch presented a draft memorandum of understanding for Cayuga County to take part with Niagara, Orleans and Wayne counties, at the county Legislature’s Public Works Committee meeting Tuesday night. Lynch, the director of… Read More
The World Bank has approved a $375 million loan to India’s first waterway project. The National Waterway 1 project is to create a water transport fairway on a 1,360-km stretch of the Ganga river between Varanasi and Haldia. “NW1 passes through one of India’s most densely populated areas, and a sizeable 40 per cent of… Read More
The NSW government will spend an extra $8 million on a dredging strategy that will prioritise access to state-owned ports and harbours. Under the strategy, released on Wednesday, local councils will be asked to help develop long-term dredging plans for their waterways and undertake their own works. Roads, Maritime and Freight Minister Melinda Pavey said… Read More
Penang Port Sdn Bhd (PPSB) must carry out capital dredging works in Penang’s waterways to allow bigger ships to enter, said Penang Chief Minister Lim Guan Eng. He said the waterways must be deepened by 15m at an estimated cost of RM353 million. “When the concession was granted to Seaport Terminal, which is part of… Read More
A permanent ban on suction dredging in Western Oregon’s wild salmon habitat championed by the late Democratic Sen. Alan Bates passed out of the Oregon Senate on Monday and is headed to a House committee. Senate Bill 3 garnered bipartisan support in Monday’s 21-9 vote, including Republican Sen. Alan DeBoer of Ashland, who now holds… Read More
The U.S. Justice Department has ordered top executives from several container shipping lines to testify in an antitrust investigation over practices by an industry that is the backbone of world trade, the companies said on Wednesday. The world’s biggest container group, Denmark’s A.P. Moller-Maersk (MAERSKb.CO), together with second largest line MSC of Switzerland, Germany’s Hapag… Read More
Work is progressing on the deepening of the port of Savannah, but the improvements are accompanied by concerns about cost overruns and a lengthened work schedule. The Savannah Harbor Expansion Project involves dredging the harbor at the coastal city so it can service larger cargo ships coming through the Panama Canal. The Panama Canal, which… Read More
The St. Johns Riverkeeper filed suit Friday to block dredging of Jacksonville’s ship channel, contending the U.S. Army Corps of Engineers failed to fully account for the environmental harm that dredging will unleash on the river. The suit against the Army Corps of Engineers seeks to toss the environmental impact statement and freeze any move… Read More
US-listed shipowners raised USD2.63 billion via the sale of equity and debt securities in the first quarter of 2017, according to data compiled by Fairplay. If that pace continues, this year’s proceeds for US-listed companies would top the all-time record set in 2014, when NYSE- and NASDAQ-listed owners raised USD8.17 billion. The year-on-year change has… Read More
Better access to maritime shipping and rail service would go a long way toward boosting economic development in the port of New Bedford, local observers said in response to a new report on the state’s maritime economy released Tuesday. The maritime industry grew an inflation-adjusted 37 percent from 2005 to 2015, more than triple the… Read More