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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

Yanbu port receives largest ship in its history

JEDDAH: Saudi Arabia’s Yanbu port has received the Jin Tai Feng, a ship carrying 82,498 tons of corn. It is 235 meters long and draws 13.50 meters. It is the largest ship the port has ever received. This comes after development projects launched last year by the Saudi Ports Authority to strengthen the services at the Kingdom’s ports and to ... Read More »

Barcelona port: Fire as ferry crashes into crane

London : Dock workers were forced to flee when a passenger ferry crashed into a huge crane at the port of Barcelona in Spain. The crane collapsed and containers containing flammable products caught fire.The collision was caused by bad weather, with strong winds blowing the vessel off course, according to union bosses. Read More »

Karachi Port Trust Shipping Intelligence Report 02 November 2018

KARACHI, (UrduPoint / Pakistan Point News – 2nd Nov, 2018 ) :The Karachi Port Trust (KPT) issued. The following shipping report for the last 24 hours, ending 0700 hours on Friday. ALONG SIDE (Bulk Oil Pier) OP-II Navig8 Aragonite D. SB Oil Alpine 01/11/18 ALONG SIDE (East Wharves): 5 Otzias L. Clinkers Crystal sea 01/11/18 10/11 Rhl Julia L. Clinkers ... Read More »

Canada Border Services Agency, Port of Montreal Mull Blockchain Shipping Solutions

Ottawa : Two of Canada’s government-owned structures, the federal Border Services Agency (CBSA) and the Port of Montreal Authority (MPA) have joined TradeLens, the joint blockchain shipping platform of IBM and Maersk. CBSA and MPA revealed separately on Thursday their plans to analyze how distributed ledger technology (DLT) can improve their services. CBSA, which manages 58,600 commercial releases, 14,400 trucks, ... Read More »

China tariff effects started showing up in shipping data months ago

Shanghai : China’s latest report on economic growth fell short of expectations, but for those who monitor traffic on the global water highways, the news was not a surprise. In fact, freight and shipping data over the last several months have been pointing to such a slowdown. An investor can get an idea of a country’s economic health based on ... Read More »

India, Iran, Afghanistan hold first trilateral on Chabahar port project

NEW DELHI: India, Afghanistan and Iran Tuesday held their first trilateral meeting on Chabahar port project during which they reviewed its implementation. The meeting assumes significance as the strategically-located port on the energy-rich Iran’s southern coast was coming under the ambit of US sanctions on Tehran. “Detailed discussions were held between the three sides on full operationalisation of the trilateral ... Read More »

Singapore to Build Digital Twin Port

The Port Authority of Singapore (MPA) has opted to build a 3D Printing and Additive Manufacturing Centre that will allow it to build a digital twin port. Dr Lam Pin Min Singapore’s Senior Minister of State for Transport opened the Centre of Excellence in Modelling and Simulation of Next Generation Ports (C4NGP). The new centre will be run by the ... Read More »

India & Iran and Afghanistan hold first trilateral on Chabahar port project

Iran : PTI reported that India, Afghanistan and Iran held their first trilateral meeting on Chabahar port project during which they reviewed its implementation. The meeting assumes significance as the strategically-located port on the energy-rich Iran’s southern coast was coming under the ambit of US sanctions on Tehran. “Detailed discussions were held between the three sides on full operationalisation of ... Read More »

India, Iran working on rupee-rial facility for Chabahar port

Iran : importance of Chabahar port project for both Iran and India, saying that the two countries were working out ways to sidestep the US sanctions. According to Islamic Republic News Agency (IRNA) on Sunday, the ‘Hindu business line’ noted, “India is weighing a rupee-rial payment mechanism for the Chabahar project in Iran as it weaves a way around the ... Read More »

Agri products can boost transhipment business at Malaysian ports

Kuala Lumpur: The Port Klang Authority (PKA) foresees transhipment of conventional cargo, particularly in the dry-bulk segment, as a potential growth driver for the country, says General Manager Captain Subramaniam Karuppiah. He said for Malaysia to develop the potential in the dry-bulk segment, there was the need to set up a food security programme including storage for agricultural goods. This ... Read More »

ICTSI’s Australian terminal declared Port of Convenience at ITF Congress

Sydney : The Victorian International Container Terminal (VICT) at Melbourne’s Webb Dock has been declared a Port of Convenience (PoC) by the International Transport Workers’ Federation (ITF) at its 44th Congress in Singapore. ITF president Paddy Crumlin said unions believe a fatal accident could be imminent at the VICT, with a number of serious safety-related incidents reported by the workforce ... Read More »

Liberalization of shipping sector – Fact or fiction?

Colombo :Sri Lanka’s Finance Minister Mangala Samaraweera wrapped up the 2018 budget debate promising to end the country’s ‘nanny state’ approach and expressed his determination to press ahead with radical liberalization. He went on to say, “To do this, we must be open to global trade, embrace competition and take on the world and win. Whilst the government will not ... Read More »

Abu Dhabi Customs unveils new trade platform

Abu Dhabi: Abu Dhabi Customs has unveiled Mamar, a modernised online single-window platform to facilitate trade for Abu Dhabi across seaports at first, followed by land, air, and post. The platform has been launched in collaboration with Maqta Gateway, an Abu Dhabi Ports subsidiary. The announcement was made during Gitex Technology Week 2018, which is taking place at the Dubai ... Read More »

Port Hedland dust, health concerns forces Government to move on capping population

The population around one of the world’s largest bulk-handling ports will be capped amid concerns about the public health impact of dust it creates. Western Australia’s Pilbara town of Port Hedland, with a population of nearly 14,000, exported 519 million tonnes of commodities in 2017, or up to two million tonnes every day. There have long been concerns about the ... Read More »

India picks Iranian firm to run Chabahar port

Iran : India Ports Global has picked Bandar Abbas-based Kaveh Port and Marine Services company to run the Chabahar port in Iran as an interim arrangement for about 18 months from mid-June as India treads cautiously on operationalising the port in the back drop of sanctions being re-imposed on the Persian Gulf nation by the United States. The selection of ... Read More »

Gwadar Port can be advantageous to Saudi Vision 2030: Chinese media

BEIJING: There have been solid indications that Saudi Arabia is interested in investing in the port city of Gwadar and other projects under the China-Pakistan Economic Corridor (CPEC). It is quite beneficial for Saudi Arabia to participate in the mega-project as it helps link its economy with China’s and facilitates the successful implementation of Crown Prince Mohammad bin Salman’s Vision ... Read More »

Gulftainer to invest $600m in Port of Wilmington, boost US-UAE trade

Dubai: Gulftainer hosted the signing of a sister port agreement between the Department of Seaports & Customs of the Government of Sharjah and the Diamond State Port Corporation (DSPC), a corporate entity of the State of Delaware, USA. The two companies will cooperate in the development of international trade and logistics, exchange information, and build mutually beneficial commercial, technological and ... Read More »

Port Kembla LNG Import Terminal, New South Wales

Sydney :Australian Industrial Energy (AIE) plans to develop a liquefied natural gas (LNG) terminal at Port Kembla in New South Wales (NSW), Australia. AIE is a consortium of Squadron Energy, Marubeni Corporation, and JERA. The LNG import terminal will the first in New South Wales and will be named Port Kembla Gas Terminal. It will be capable of supplying up ... Read More »

Diverting traffic from Dover ‘would cost £2.5bn’

London : The UK government recently suggested sending food exports to the Netherlands and Belgium via ports in Essex and Suffolk, rather than shipping via Dover to France if the French government imposes new security checks that delay traffic to Calais in the event of a ‘no deal’. The proposed routes include Harwich to Rotterdam and Felixstowe to Vlaardingen, in ... Read More »

Indian shipping modernisation threatens Sri Lankan transhipment volumes

Colombo: The modernisation of Indian ports and liberalisation of regulations could threaten the container transhipment business of Sri Lanka’s Colombo port, according to speakers at maritime industry forums this week. “India used to depend on Sri Lanka for their transhipment cargo but gradual improvements to their port infrastructure have resulted in some shipping lines diverting their ships to Indian ports,” ... Read More »