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Ports and Shipping

Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people

Port Report: U.S. Southeast ports reap higher volumes, less delays as earlier projects bear fruit

Ports of Virginia and Charleston put up strong numbers to start 2019, but regional Fed warns that slowdown could be approaching. U.S. Southeast ports are seeing record container volumes to start this year as their earlier expansion projects start paying off. The Port of Virginia reported that its container volumes for January were up 9 percent from a year ago, ... Read More »

Dutch companies plan to invest in Karachi Port Trust projects

KARACHI: Dutch Ambassador Ardi Stoios-Braken met Advisor to the Prime Minister on Commerce Abdul Razak Dawood to discuss investment opportunities for Dutch companies in the fields of agriculture and maritime, according to media reports. Dutch companies are keen to invest in projects at the Pakistan’s Karachi Port Trust (KPT), said the Dutch Ambassador Ardi Stoios Braken during a visit to ... Read More »

KPT ships movement, cargo handling report

KARACHI: Following were the movements of ships and cargo handling at the Karachi Port Trust (KPT) during the last 24 hours, ending at 0700 hours. SHIPS ARRIVED: M.T Karachi Tanker CMA CGM Rigoletto Container Ship Tabernacle Prince Cement Tiger Tenacity Tanker Ocean Feather General Cargo Rattana Naree General Cargo CMA CGM Mumbai Container Ship SHIPS SAILED: Clemen’sSchulte Navios Galileo Kota ... Read More »

New oil terminal approved at Port Qasim: Ali Haider Zaidi

ISLAMABAD: Federal Minister for Maritime Affairs Syed Ali Haider Zaidi on Monday said that the construction of a new oil terminal has been approved at Port Qasim in view of the growing energy requirements of the country. Addressing at International Conference on Pakistan Petroleum and Gas held here, the minister said due to the transparent rule of incumbent government, better ... Read More »

Bahonar Port TEU throughput up 32% in 10 months

Tehran : “The figure shows the strategic port has handled 32% more TEUs in the past ten months in comparison to the similar period of last year,” Hamidreza Mohammad Hosseini, the director general of Shahid Bahonar Port said on Monday. The cabotage of non-oil goods in the port amounted to 112,000 tons over the same span, registering a 38% hike ... Read More »

IN PROFILE: Making Saudi Arabia a global logistics hub

The growth and diversification will be achieved through a range of measures, including maximising the value capture from its massive energy sector through refining and chemicals manufacture, unlocking the potential of the non-oil sector in areas such as mining, manufacturing and retail, and positioning the Kingdom as a global logistics hub. An integral part of the plan is to seek ... Read More »

UAE increases duty on some steel imports to 10%

Dubai : The UAE increased import duties on rebar and wire rod from 5 percent to 10 percent in an anti-dumping move that aims to protect the domestic steel industry. The decision falls in line with a GCC-wide initiative to raise the duties across the Gulf region, according to Ali Saeed Matar Al Neyadi, customs commissioner and chairman of the ... Read More »

US deliveries hit by delays as record imports spark west coast port congestion

US importers are bracing themselves for more delays in the coming weeks, as congestion at the major west coast container gateways worsens, exacerbated by shortages of container chassis and rail cars. “We’re seeing unprecedented levels of cargo,” said Mario Cordero, executive director of Port of Long Beach. And a spokesperson for the port of Los Angeles added: “We have seen ... Read More »

New dry port expected to cut transport costs in Mandalay

The first dry port in Mandalay Region to transport goods by container has opened in Myitnge, Amarapura township, making the movement of products to and from the city easier and cheaper, according to Transport and Communications Minister U Thant Sin Maung. “We have been left behind for 30 years in carrying goods by containers. Only if we can transport goods ... Read More »

Two LNG ships dock at port simultaneously

KARACHI: Pakistan created history with the docking of two liquefied natural gas (LNG)-carrying ships “in one tide” at Port Qasim, Karachi, in the early hours of Saturday. The mooring has also averted the emerging gas crisis in the country. Federal Minister for Maritime Affairs Syed Ali Haider Zaidi tweeted, “kudos to our team at Port Qasim. History has been written ... Read More »

Iran Customs’ Emergency Plan for Speedy Import Clearance

Tehran : RICA has recently introduced an emergency plan to speed up the clearance of imports and reduce the pile-up of goods at customs and ports. The order issued by the Islamic Republic of Iran Customs Administration’s newly-appointed chief, Mehdi Mirashrafi, pertained to containers accumulated at the southern port of Shahid Rajaee, IRICA’s news service reported. IRICA says a total ... Read More »

Busiest US Port Sets All-Time Cargo Record in 2018

LOS ANGELES : The Ports of Los Angeles and Long Beach on Wednesday said they set all-time records for moving cargo in 2018, after U.S. retailers and manufacturers pulled forward imports to avoid higher tariffs on Chinese goods. The Port of Los Angeles, North America’s busiest container port, handled 9.46 million 20-foot equivalent units (TEUs) last year, the most in ... Read More »

China shares customs shipment data with Pakistan: FPCCI

Karachi : For the first time China has shared data of customs shipments with Pakistan, said senior vice president Federation of Pakistan Chambers of Commerce & Industry (FPCCI) Dr Mirza Ikhtiar Baig. “Federal Finance Minister Asad Umar has told me during his recent visit to Karachi that China has shared customs shipment data with the Federal Board of Revenue,” he ... Read More »

Abu Dhabi Ports handled 1.74m containers in 2018

Abu Dhabi: The number of standard container handling by Abu Dhabi Ports has increased last year by 24 per cent, to reach 1.74 million containers, compared to 1.4 million in 2017, according to the latest statistics. The statistics reflect the company’s commitment to achieving economic diversification in Abu Dhabi, through the development of non-oil sectors and the use of innovation ... Read More »

A port in a storm: politics, competing interests leave Port of Halifax future in limbo

Last month, Canadian National Railway announced that it was bidding, alongside an unnamed partner, to buy and expand the Halterm Container Terminal in the Port of Halifax, with the aim of turning it into “the Prince Rupert of the East,” a nod to the company’s booming West Coast terminal business. “What we’re trying to do here is catch some of ... Read More »

Eni charters Saipem 12000 for drilling in Pakistan

KARACHI: Eni has chartered Saipem’s drillship ‘Saipem 12000″ for work in Pakistan for an undisclosed dayrate. According to the Norwegian rig brokers Bassoe Offshore, the contract, fixed on October 24, is for three months. Per Bassoe Analytics, the three-month contract is expected to start on December 1. VesselsValue’s data also shows Eni has chartered the drillship, however, VV has a ... Read More »

Iran hopes for presence of major liners in Chabahar Port

Tehran : Managing Director of Ports and Maritime Organization Mohammad Rastad said he hopes that the activities of Indian operator in Chabahar Port will pave the ground for the increased presence of major world liners in the port. He made the remarks in meeting this week with the Indian ambassador to Tehran Saurabh Kumar. Rastad went on to say that ... Read More »

Saudi Customs Is Experimenting With Blockchain

Saudi Arabia : The immutable nature of blockchain has led many to believe that one of the ways that blockchain technology will change the world will be the fact that it can be applied to the logistics sector, where goods have to constantly be tracked for maximum productivity and profitability. It appears as though the Saudi Arabian government agrees. Customs ... Read More »

Rosslare Port cost ‘not a factor’ in plan to cut ferry

Irish Ferries did not raise the issue of costs with the operators of Rosslare Port before announcing its plan to cut services from Co Wexford to France, the port’s managers have said. Ireland’s largest ferry company announced last month that it was unlikely to run a service from Rosslare Europort to Cherbourg this year because most of its customers preferred ... Read More »

Kenyan President Denies China Plans to Seize Port over Delinquent Loan Payments

Shanghai : Kenyatta described China as “a very strong development partner, just as is the World Bank, Japan, France, and Germany.” He said he would continue borrowing as much money as necessary to develop Kenya’s infrastructure, boasting that double the number of Kenyans now have access to electric power thanks to the loans he has taken. SGR refers to the ... Read More »