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Tag Archives: TEU

Abu Dhabi ports forecast 17% growth in 2015

DUBAI: Chief Executive Officer of Abu Dhabi Ports, Capt Mohamed Juma Al Shamisi, said that Abu Dhabi Ports is forecasting 17 percent growth in 2015. “As many development projects in Abu Dhabi are underway, we look ahead to a promising 2015 with healthy growth figures that not only confirm the emirate’s booming economy but Abu Dhabi Ports’ supporting role as ... Read More »

Hong Kong Port Administration requires more space for port

HONG KONG: Due to constant overcrowding of Hong Kong ports, the government has sought more land as the congestion has been on a very critical stage. Thus to cope with this issue, the government is looking for more land to expand the transshipment volumes and increase the space in the port. In the “Study on the Strategic Development Plan for ... Read More »

China launches world’s biggest container vessel

SHANGHAI: China has introduced the world’s largest, 400-metre long and 60-metre wide vessel named CSCL Globe which set off on its maiden voyage from Shanghai to Europe. Reported China Shipping Container Lines (CSCL). The ship sailed from the eastern Chinese city’s Yangshan port, the company said in a statement. The vessel is the first of five 19,100-TEU (twenty-foot equivalent unit) ... Read More »

Hong Kong shipping business at continuous decline for 4 months

HONG KONG: Volumes of containers at Hong Kong port are continuously falling. The figure amounted to 3.5 percent in October and this is the fourth month in which the decline in volumes has been recorded by the transshipment. The total containers handled by the Kwai Ching terminals, mid-stream and river trade reached 1.79 million 20-foot containers in Oct., according to ... Read More »

ICTSI invests $35 million on Manila Terminal extension

PHILIPPINES:  “On completion, the entire area of Phase 1 will store 6,500 20-foot equivalent units [TEU],” ICTSI said. The full development, estimated to be completed in 20 months, will add 500,000 TEUs of yard capacity to the MICT. The new yard is part of ICTSI’s $35-million (P1.6-billion) expansion project for the MICT aimed at immediately addressing growing volumes at the ... Read More »

Jebel Ali Port declared most prolific in world

DUBAI: Jebel Ali port, Dubai is declared as the most prolific in the world according to a report piled up by the US based Journal of Commerce (JOC). “We have invested significantly in infrastructure, equipment, technology and training at Jebel Ali to ensure we can serve our customers’ efficiently”, said DP World Chairman, Sultan Ahmed Bin Sulayem. The report was ... Read More »

Turkey ports demand rises as APM wants to grow businesses

IZMIR: APM Terminals BV wants to buy more ports as they encourage the growth of port businesses in Turkey, being a market where shipping rate increases twice their economy. He said “The container port business in Turkey is very underdeveloped. As Turkey opens up and start accepting large ships, container port businesses will grow” “We are definitely interested to have ... Read More »