POST STATE CONTROL Archives - Page 2 of 21

Taiwan is to inspect 202 foreign ships entering the country’s seven large commercial ports between this month and November in accordance with the Memorandum of Understanding on Port State Control in the Asia-Pacific Region, also known as the Tokyo MOU, the Maritime and Port Bureau said yesterday.

For the Tokyo MOU, a port state control organization was established, which is composed of representatives from 21 member authorities, the bureau said.

The organization’s main purpose is to establish an effective and consistent port state control regime in the Asia-Pacific region, the bureau said.

Container ships are docked at the Port of Keelung on Aug. 6.

Photo: Jameson Wu, Reuters

A concentrated inspection campaign (CIC) is also launched annually among member authorities to eliminate substandard shipping, protect the maritime environment and safeguard working and living conditions for seafarers, it said.

Taiwan is not a member of the International Maritime Organization, but nevertheless abides by the maritime safety regulations stipulated by international organizations, the bureau said.

The focus of this year’s campaign is to see whether seafarers carry qualification certificates, whether the number of crew members meets the minimum safety quota for onboard seafarers, and whether crew members can present health examination certificates and rest hour records, the bureau said.

The three-month maritime safety campaign would start today at seven international commercial ports across the country, it said.

“Our goal is to conduct random onboard inspections on 202 foreign ships in the next three months,” the bureau said, adding that the goal was set based on the number of ships arriving in Taiwan last year.

“We want to remind shipping firms and shipowners that they need to confirm the qualifications of the seafarers they have recruited and ensure that work shift schedules are friendly to seafarers,” it said.

During the CIC period, ships found with unqualified seafarers on board would be retained by commercial port authorities until improvements are completed in accordance with Article 60 of the Commercial Port Act (商港法), the bureau said.

Because of the annual inspections, Taiwan has been on the Tokyo MOU’s white list for five years in a row, which has greatly enhanced the efficiency of shipping fleets by lowering the frequency of inspections when they arrive in other countries, the bureau said.

“We have worked with CR Classification Society to offer seminars to shipping firms on how they should prepare for the CIC this year,” it added.

Source: https://www.taipeitimes.com/News/biz/archives/2022/09/01/2003784512

Grain silos in Ukraine’s second biggest port, Mykolaiv, were hit by Russian shelling of the city on Tuesday, causing a fire that was still burning on Wednesday, Ukraine’s emergencies service said.

“As a result of the shelling of Mykolaiv, grain silos at an infrastructure facility in the Korabelny district caught fire,” the emergencies service said on Facebook on Wednesday. “Firefighting continues.”

It published photos showing holes in the metal roofs of at least two silos and fire brigades pouring water on damaged facilities. A 200 square meter area had been affected, it said, without giving any further details.

There are several major grain terminals in Mykolaiv, and some have already come under attack during the Russian invasion, which Moscow calls a “special military operation”.

Ukraine is conducting a counter-offensive in the area, which has come under constant shelling in recent weeks, to try to push Russian troops out of the city of Kherson to the southeast and drive them back towards Crimea, which Russia annexed in 2014.

Viterra, partly owned by commodity group Glencore, is one of several international grain merchants with facilities in Mikolaiv, which lies on the Southern Bug river close to the Black Sea. Its port terminal caught fire in June but there was no information on whether it had been affected this time around.

Ukraine’s grain exports slumped after Russia invaded the country on Feb. 24 and blockaded its Black Sea ports, driving up global food prices and prompting fears of shortages in Africa and the Middle East.

Three Black Sea ports were reopened under a deal signed on July 22 by Moscow and Kyiv and the ministry said these ports are able to load and send abroad 100-150 cargo ships per month.

Ukrainian officials have said they also want to open Mykolaiv port for grain exports.

Source: https://www.marinelink.com/news/russia-attacks-grain-silos-ukraines-499151

The Bureau of Customs on August 31 reinstated six Port of Subic officials after the conclusion of an investigation on alleged smuggling of refined sugar at the port
The investigation showed there was no negligence on the part of the officials in the discharge of their duties
The six were reinstated after they were temporarily transferred to the Office of the Commissioner through an August 24 order pending results of the investigation
The investigation also showed the Sugar Regulatory Administration clearances covering the shipment were authentic and not recycled, as initially alleged

The Bureau of Customs (BOC) reinstated on August 31 six Port of Subic officials after the conclusion of an investigation on alleged smuggling of refined sugar at the port. The probe found no negligence on the part of the officials and all documents surrounding the shipment in order.

BOC-Subic district collector Maritess T. Martin, deputy collector for assessment Maita S. Acevedo, deputy collector for operations Giovanni Ferdinand A. Leynes, Assessment Division chief Belinda F. Lim, Enforcement and Security Service district commander Vincent Mark S. Malasmas, and Customs Intelligence and Investigation Service (CIIS) field supervisor Atty. Justin S. Geli have been ordered to return to their posts, Acting Customs commissioner Yogi Filemon Ruiz said in a statement on September 1.

The six officials through an order dated August 24 were temporarily transferred to the Office of the Commissioner pending results of an inquiry into alleged smuggling of sugar from Thailand. The order directing the six to return to their previous posts was signed by Ruiz on August 31.

The relief of officials came after BOC-Subic on August 18 foiled an alleged attempt to smuggle in 140,000 bags or 7,021 metric tons of imported sugar from Thailand with total tax payment valued at P45.623 million.

BOC also detained general cargo ship M/V Bangpakaew, which carried the imported sugar that arrived at Subic port on August 17.

Initial probe conducted by BOC’s CIIS indicated that the importer allegedly used a “recycled permit,” or an import permit already used in a previous import allocation. It showed the cargo is covered by a special permit to discharge and verified single administrative document from BOC and with a verified clearance from the Sugar Regulatory Administration (SRA).

The SRA and importer Oro-Agritrade Inc. earlier said the shipment was legitimate and had a valid permit and clearance from SRA.

Ruiz said the result of the investigation conducted by the Internal Inquiry and Prosecution Division of the CIIS showed there was no negligence on the part of the BOC-Subic personnel in the discharge of their duties, and that the SRA clearances covering the shipment were authentic and not recycled, as initially alleged.

According to BOC, two entries for the shipment were filed on August 12 and were tagged under “yellow lane” under BOC’s selectivity system. Shipments tagged as yellow are considered as cargoes which have low to medium risk and are subject to document check.

BOC said the two entries for the shipment were covered with the required documentation such as the SRA Certificate for Release of Imported Sugar; Food and Drug Administration (FDA) License to Operate; Certificate of Analysis, FDA Certificate of Product Registration; bill of lading; packing list; ASEAN Trade in Goods Agreement Form-D; commercial invoice and load port survey report.

BOC said verification of documents showed no irregularities and that the shipment was processed in accordance with the existing rules and regulations of BOC.

The investigators found all documents presented were complete and properly complied. BOC said this meant the consignee complied with the regulations set forth by the Philippine National Trade Repository for the importation of sugar standards.

Moreover, BOC said the statement of the BOC-Subic personnel are consistent with and corroborated by the certification issued by the SRA.

SRA earlier sent BOC a certification letter certifying that the shipment consigned to Oro-Agritrade has been cleared by the SRA as per Sugar Order No.3, Series of 2021-2022.

Sugar Order No. 3, approved by the SRA Board in May 2022, provides the sugar import program for crop year 2021 to 2022 and provides the rules for the importation of 200,000 MT of refined sugar. SRA said the clearance for the Subic port sugar shipment is valid until September 4, 2022.

“Thus, there is no prima facie nor substantial evidence to warrant the filing of administrative charges against the concerned BOC personnel,” BOC said. It added that the issuance of certification by the SRA “negated all the allegations of sugar smuggling and effectively cleared and/or absolved the BOC-Port of Subic from any irregularities with regard to the processing of the shipments.”

Source: https://www.portcalls.com/boc-reinstates-subic-officials-after-sugar-smuggling-probe/

COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP” or the “Company”, SEHK: 1199), the world’s leading ports operator, today announced interim results of the Company and its subsidiaries (the “Group”) for the 6 months ended 30 June 2022.

2022 Interim Results Highlights

Total equity throughput increased by 5.3% YoY to 20,494,012 TEU
Revenue increased by 24.7% YoY to US$704.6 million
Gross profit increased by 33.3% YoY to US$197.7 million
Share of profits from joint ventures and associates decreased by 8.5% YoY to US$160.2 million
Profit attributable to equity holders of the Company increased by 0.8% YoY to US$177.0 million
Declared a first interim dividend of US 2.128 cents per share, an increased of 0.4% YoY

FINANCIAL REVIEW

COSCO SHIPPING Ports’ 1H2022 revenue increased by 24.7% YoY to US$704.6 million. Gross profit increased by 33.3% YoY to US$197.7 million. Mainly due to increase in ASP, gross profit margin increased by 1.8 percentage points YoY to 28.1%. During the period, profit attributable to equity holders of the Company increased by 0.8% YoY to US$177.0 million.

OPERATIONAL REVIEW

1H 2022
Total throughput was 63,210,330 TEU, +0.8% YoY
Total equity throughput was 20,494,012 TEU, +5.3% YoY
Total throughput from subsidiaries was 15,679,516 TEU, +38.0% YoY

Note: In 2021, the Company completed the acquisition of additional equity interest in Tianjin Container Terminal to make it a subsidiary and completed the disposal of Tianjin Euroasia Terminal. Tianjin Container Terminal had become a terminal in which the Group has controlling stakes since December 2021. Therefore, throughput of this terminal in 1H2022 was included in the throughput from the terminals in which the Group has controlling stakes, while in 1H2021, such throughput was categorized into the Group’s non-controlling terminals. After the disposal of Tianjin Euroasia Terminal in December 2021, throughput of this terminal was no longer included in the Group’s
non-controlling terminals.

China
During the period, total throughput of the terminals in China decreased by 1.9% YoY to 47,562,593 TEU (1H2021: 48,471,403 TEU) and accounted for 75.2% of the Group’s total throughput. Total equity throughput of terminals in China increased by 2.4% YoY to 14,259,249 TEU (1H2021: 13,246,438 TEU) and accounted for 69.6% of the Group’s total equity throughput.

Bohai Rim
During the period, total throughput of the Bohai Rim region decreased by 3.5% YoY to 20,767,708 TEU (1H2021: 21,511,420 TEU) and accounted for 32.9% of the Group’s total throughput. Total equity throughput of the Bohai Rim region increased by 23.3% YoY to 5,809,679 TEU (1H2021: 4,713,238 TEU) and accounted for 28.3% of the Group’s total equity throughput. Benefiting from increased domestic container volume, total throughput of Dalian Container Terminal Co., Ltd. (“Dalian Container Terminal”) increased by 10.9% YoY to 1,869,273 TEU (1H2021: 1,686,036 TEU). Total throughput of Tianjin Container Terminal decreased by 3.3% YoY to 4,318,871 TEU (1H2021: 4,466,048 TEU).

Yangtze River Delta
During the period, total throughput of the Yangtze River Delta region decreased by 16.0% YoY to 6,483,243 TEU (1H2021: 7,718,194 TEU) and accounted for 10.2% of the Group’s total throughput. Total equity throughput of the Yangtze River Delta region decreased by 14.8% YoY to 1,817,298 TEU (1H2021: 2,133,262 TEU) and accounted for 8.9% of the Group’s total equity throughput. Total throughput of Nantong Tonghai Port Co., Ltd. decreased by 8.3% YoY to 678,597 TEU (1H2021: 739,907 TEU), mainly due to the negative impact on domestic and foreign trade caused by the pandemic in the surrounding areas. Due to an outbreak in COVID-19 cases earlier this year in Shanghai which affected terminal operations and container volume, total throughput of Shanghai Mingdong Terminal decreased by 30.7% YoY to 2,358,620 TEU (1H2021: 3,405,517 TEU).

Southeast Coast and Others
During the period, total throughput of the Southeast Coast and Others region increased by 10.4% YoY to 3,280,185 TEU (1H2021: 2,971,482 TEU) and accounted for 5.2% of the Group’s total throughput.
Total equity throughput of Southeast Coast and Others region increased by 8.6% to 1,841,317 (1H2021: 1,695,884 TEU) and accounted for 9.0% of the Group’s total equity throughput. Driven by increased volume from the OCEAN Alliance, Xiamen Ocean Gate Terminal and the total throughput increased by 12.5% YoY to 1,407,182 TEU (1H2021: 1,250,465 TEU).

Pearl River Delta
During the period, total throughput of the Pearl River Delta region increased by 1.5% YoY to 13,866,357 TEU (1H2021: 13,662,407 TEU) and accounted for 21.9% of the Group’s total throughput. Total equity throughput of Pearl River Delta region decreased by 1.3% to 3,974,883 TEU (1H2021: 4,025,879 TEU) and accounted for 19.4% of the Group’s total equity throughput. Total throughput of Guangzhou South
China Oceangate Terminal decreased by 0.9% to 2,814,568 TEU (1H2021: 2,840,610 TEU). Total throughput of Yantian Terminals increased by 6.7% YoY to 6,920,830 TEU (1H2021: 6,486,265 TEU).

Southwest Coast
During the period, total throughput of the Southwest Coast region increased by 21.4% YoY to 3,165,100
TEU (1H2021: 2,607,900 TEU) and accounted for 5.0% of the Group’s total throughput, which was mainly benefited from the increased trade activities between China and Southeast Asia and the increased transshipment volume between Beibu Gulf and Hainan. Total equity throughput of Southwest Coast region increased by 20.3% to 816,072 TEU (1H2021: 678,175 TEU) and accounted for 4.0% of the Group’s total equity throughput.

Overseas
During the period, total throughput of the Overseas region increased by 9.9% YoY to 15,647,737 TEU (1H2021: 14,239,304 TEU) and accounted for 24.8% of the Group’s total throughput. Total equity throughput of Overseas region increased by 0.3% to 6,234,763 TEU(1H2021: 6,218,857 TEU) and accounted for 30.4% of the Group’s total equity throughput. The volume from ad-hoc shipping calls of CSP Zeebrugge Terminal increased and the total throughput increased by 26.4% YoY to 547,314 TEU (1H2021: 433,150 TEU). Driven by an increase in container volume contributed by the parent company and an increase in local transshipment container throughput, total throughput of CSP Abu Dhabi Terminal L.L.C. increased by 25.1% YoY to 413,057 TEU (1H2021: 330,308 TEU). Since the punctuality rate of shipping routes generally declined as a result of the continuous congestion at certain overseas ports, total throughput of Piraeus Terminal decreased by 9.6% YoY to 2,144,064 TEU (1H2021: 2,370,862 TEU).

Prospects
Although economic activities around the world in the first half of 2022 were still affected by the COVID-19 pandemic, China’s foreign trade achieved steady growth in the first half of the year.

According to statistics from the General Administration of Customs, China’s total import and export value of goods amounted to RMB19.8 trillion with a YoY increase of 9.4%. Export value amounted to RMB11.14 trillion with a YoY increase of 13.2%, while import value amounted to RMB8.66 trillion with a YoY increase of 4.8%.

Leveraging on its leading position in the global ports operator industry, the Company will continue to grasp strategic development opportunities by adopting a series of measures to increase revenue per TEU, continue to strengthen sales and marketing, actively increase volume and introduce new routes from various shipping companies to continuously increase revenue; accelerate the extension of supply chain to increase growth opportunities; accelerate the development of information technology and seize the opportunities brought by digitalization.

The Group will continue to identify potential projects, tap into strategic terminals in which it has controlling stakes and highly profitable non-subsidiary terminals to build a balanced global terminal network. In particular, the Company will continue to consolidate its domestic port resources, thereby restructuring its terminals and improving the quality of assets.

The Group will continue to grasp the opportunities to expand its global terminal network and focus on emerging markets with high future growth potential such as Southeast Asia, the Middle East and Africa to enhance the regional diversification of its terminal asset portfolio, in an attempt to provide shipping companies with cost efficient and high-quality terminal services and promote the growth of container volume and revenue.

To achieve better quality and efficiency of its terminal asset portfolio, strengthen the management and control over terminals, and build the core competitiveness of the Company, the Group will continue to work towards streamlining costs and increasing ASP. The Group will keep promoting technological innovation and accelerating the application of information technology and has adopted three main strategies to build a comprehensive platform to improve efficiency including the unification of its terminal operating systems (TOS), the construction of the management information system (MIS)
Source: COSCO SHIPPING Ports Limited

The Port of Roenne secures the position as centre for green energy in the Baltic Sea and the principal port from which the region’s offshore wind farms are launched. Denmark and the other baltic countries has decided to sevenfold the amount of electricity from offshore wind in the Baltic Sea by 2030. The Port of Roenne is now accelerating the enlargement of its harbour area to accommodate the need for more offshore wind energy in the Baltic Sea.

The Baltic Energy Security Energy Summit has decided to sevenfold the amount of electricity from offshore wind in the Baltic Sea Region. To accommodate this goal, Port of Roenne A/S is accelerating a planned enlargement of its harbour facilities to enable the Port to manage multiple projects at the same time within a few years.

“The Baltic Energy Security Energy Summit is a powerful manifestation of how the countries of the Baltic Sea Region intend to intensify their collaboration on the enlargement of OWE capacity to enable us to become independent of Russian gas. Due to Bornholm’s location in the Baltic Sea, we of Port of Roenne A/S are experiencing an enormous interest in using our port’s facilities as a staging area for offshore wind turbine projects. This need will only grow in the years ahead, meaning that port infrastructure for OWE projects in the Baltic Sea Region can become scarce within a few years. Accordingly, we are accelerating our planned enlargement of harbour facilities that will enable us to manage multiple projects at the same time within a few years,” says Lars Nordahl Lemvigh, CEO, Port of Roenne A/S.

The Port of Roenne has been Bornholm’s gateway to the world for centuries, but an expansion project in 2019 elevated the port’s role to that of a green energy hub in the Baltic Sea within just a few years. This was in part because the Port of Roenne had been selected as the staging area for a number of the wind farm projects that are scheduled to be set up in the years ahead.

Last year, ‘Kriegers Flak’ – the biggest wind farm in Scandinavia – was launched from Roenne, and this year both foundations and wind turbines for Germany’s ‘Arcadis Ost 1’ project will be launched from the port. At present, the projects in the Port’s order book total almost three gigawatts. And that does not include the wind turbines for the forthcoming Energy Island Bornholm project, which is planned to be the first of its kind in the world with a potential for three gigawatts of offshore wind energy by 2030.

In addition to being a key staging area for OWE projects, the Port of Roenne is also involved in a number of projects aimed at accelerating the green transformation of shipping in the Baltic Sea.

Port of Roenne A/S is a member of the Bornholm Bunker Hub consortium which aims to make Bornholm a green refuelling station and envisions the possibility of providing green fuels to some of the more than 60,000 ships that sail past Bornholm each year. The consortium behind Bornholm Bunker Hub comprises eight partners: Ørsted, Molslinjen, Topsøe, Bunker Holding Group, Wärtsilä, Rambøll, Bureau Veritas and Port of Roenne A/S.

In addition to its efforts to become the Baltic Sea’s green refuelling station, the Port of Roenne is part of a European network of ports working to establish green shipping corridors crossing the Baltic Sea and the North Sea. The European Green Corridors Network is operated by the Mærsk Mc-Kinney Møller Centre for Zero Carbon Shipping and involves a number of key north European ports: Hamburg, Gdynia, Rotterdam and Tallinn. The European Green Corridors Network aims to demonstrate the early-stage commercialisation of alternative-fuel supply chains, give support to first-mover solutions and draw up a plan for rolling out green corridors in other areas and regions
Source: Port of Roenne

DeloPorts (a stevedoring asset of Delo Group), received a new motorized freight carrier WRT-1 as part of the equipment renewal program at the KSK Grain Terminal. The purchase agreement was signed in July 2022.

WRT-1 was made in August 2022 in Belgorod, it has a tractive force of up to 10 cars. The main feature of this equipment is the use of Russian-made components. The assembly from Russian details will avoid difficulties with the purchase of spare parts for its maintenance.

Igor Yakovenko, CEO of DeloPorts, commented: “The purchase of the Russian-made motorized freight carrier made of locally produced components is both a planned company technical component update and a step towards our autonomy in the technological issue.

Currently WRT-1 has no competitors with such tractive force among the locomotives produced in the Russian Federation. Thus, we will solve all shunting-related production issues more quickly, saving customers’ time and further increasing the throughput capacity of the Terminal ”.
Source: DeloPorts

“We are expecting to realize integration between our digital platforms and GSBN’s blockchain platform, solve the problems of data and resources exchange for industry supply chain and simplify business operation process,” said Hu Haibing, chief accountant of Cosco Shipping Bulk.

Signing of the agreement marks Cosco Shipping Bulk to be valued as a crucial part for GSBN to expand business besides container sector and establish a more completed global blockchain platform.

Incorporated in Hong Kong, GSBN is an independent, not-for-profit technology consortium to build a blockchain-enabled operating system to redefine global trade. Cosco Shipping Group’s container shipping and port operation units of Cosco Shipping Lines and Cosco Shipping Ports are the two of the eight founders of GSBN.

The grant comes as part of the department’s NetZero: Cargo Mobility Optimization and Resiliency Project.

The NetZero Program is a plan to convert the entire cargo movement chain to a carbon neutral operation, from PortMiami’s channel to its final distribution site.

The RAISE grant, awarded earlier this month, will help fund PortMiami’s intermodal rail expansion by adding two rail tracks and three new electric rubber-tyred gantry cranes.

Grant funding also provides for the installation of LED lights and the reconstruction of the stormwater drainage system to address sea level rise.

The program will support cargo gate improvements, including roadway realignments, gate canopies, and technology upgrades. Improved access and staging for trucks and new gate technology upgrades will allow for faster movement of goods and reduced dwell time for trucks.

“We want to thank both our Congressional delegation, who worked diligently to secure this funding, as well as the Biden Administration and Secretary Buttigieg for supporting our seaport and helping to grow our green economy,” said Mayor Daniella Levine Cava.

“The RAISE grant will help us attract more business to PortMiami and fuel our NetZero program, which is pushing Miami-Dade towards a cleaner, greener future.”

Source: https://www.porttechnology.org/news/portmiami-receives-16-million-raise-programme-grant/

July throughput reached 935,345 TEUs, up 2.5% from previous record in July 2019
August imports forecast to begin easing from record highs with retailers cancelling orders as shoppers rein in pandemic spending
China factory orders just reported are slowing and top US importer Walmart cutting billions of dollars in orders to align inventory levels with expected demand

Port of Los Angeles saw a record throughput in July, with an estimated 935,345 twenty-foot equivalent units (TEUs) of containers, outpacing by 2.5% the previous record set in 2019 and setting the fifth monthly record in seven months in 2022.

The Western Hemisphere’s busiest port, however, expects August imports to begin easing as retailers cancel orders in the wake of shoppers’ pullback from freewheeling pandemic spending, its executive director Eugene Seroka said on August 17.

Los Angeles and its sister Port of Long Beach handle more imports from China than any other US ocean trade gateways, and their forecasts are considered an economic barometer.

“Remarkably, we continue to move record amounts of cargo while working down the backlog of ships almost 90%, a huge accomplishment by all of our partners,” Seroka said.

“Even with the current rail challenges, our marine terminals are more fluid than last year. That’s due in part to our Port Optimizer data portal that allows our stakeholders to see around corners and tackle problems before they arise,” he said in a news briefing.

Seroka noted that the Southern California supply chain landscape has improved, noting ships are now waiting for space at many other ports around the country.

“Our terminals have capacity,” Seroka added. “For cargo owners looking to re-chart their course, come to Los Angeles. We’re ready to help.”

Seroka was joined at the media briefing by Matt Schrap, chief executive of the Harbor Trucking Association. Schrap discussed the impact of AB5 on California truckers, how to attract and retain new drivers and the trucking industry’s transition to cleaner vehicles.

Transport workers went on strike in late July protesting against the Assembly Bill 5 (AB5) authored by former Assembly Member Lorena Gonzalez in 2019. Provisions in the bill require workers to satisfy a three-part test to be considered independent contractors.

While official July cargo volume will be available soon on the Port’s website, Seroka offered estimates on Wednesday that are expected to change only slightly when final.

July 2022 loaded imports reached an estimated 485,472 TEUs, an increase of 3.4% from the previous year and 8% higher than the previous five-year June average.

Loaded exports reached an estimated 103,497 TEUs, up 13% from the same period last year. Empty containers were estimated at 346,376 TEUs, increasing 5% from last year.

Seven months into 2022, the port has moved an estimated 6,349,248 TEUs, on pace with the record 10.7 million TEUs set last year, the busiest calendar year in its 115-year history. However, times are changing and the global economy is slowing.

“Imports will begin to ease somewhat. I expect to see that reflected in our August cargo numbers,” Reuters quoted Seroka in a report.

“China factory orders just reported were slowing and some US retailers continue to say they have elevated inventories,” he said. Incoming shipments at Los Angeles and Long Beach have been running more than 25% higher than before the pandemic in 2019.

Walmart, the No.1 US importer of containerized goods, said on Tuesday it had “cancelled billions of dollars in orders to help align inventory levels with expected demand.”

Seroka expects the port to handle fewer appliances, sporting goods and fixtures for bathrooms and kitchen remodels – as some of those purchases are not likely to be repeated in the near term.

“The heady days of growth in imports are quickly receding,” Hackett Associates founder Ben Hackett wrote in an August 2022 report prepared with the National Retail Federation (NRF), according to Reuters.

While Hackett and NRF expect second-half imports at major US container ports to decline versus 2021, they project that full-year 2022 imports will rise 2.1% to 29.7 million TEUs, which would be a record, Reuters said.

“The takeaway is that harder times are ahead, at least until mid-2023,” said Hackett, whose outlook calls for the import decline to deepen in 2023.

Source: https://www.portcalls.com/la-port-sees-record-july-as-imports-ease/

RGST, which operates the largest terminal facility in Saudi Arabia at Jeddah Islamic Port, was selected by Bangladesh’s Ministry of Transport.

The Port of Chittagong, recently renamed as Chattogram, handled a record 3.2m teu in 2021, and is the busiest port in the Bay of Bengal, serving as gateway for 90% of Bangladesh’s import and export ocean cargo. The majority of import shipments are destined for the capital, Dhaka, 265 km (165 miles) away.

“The port also serves as the main gateway for Bangladesh’s fast-growing exports including its garments trade, one of the largest globally. The new facility, being built by the Bangladeshi government, will feature a 600 metre quay and will be able to handle three vessels simultaneously, augmenting the ship handling capacity at Chattogram port,” an RSGT statement said.

In 2017, the Government of Bangladesh adopted a “Policy for Implementing Private-Public Partnerships (PPP) Projects through Government-to-Government Partnerships (G2G)”, RSGT said. In February, the Bangladeshi Ministry of Shipping proposed a plan for the development of PCT based on the PPP model to the Saudi government which in turn nominated RSGT as the Saudi investor.

“We are extremely pleased to have been selected for this opportunity. The rapid growth of hittagong Port’s cargo volumes necessitates further investment in modern equipment, advanced technology and building new human capacity,” said RSGT’s director of global investments, Gagan Seksaria.

“This project fits well with Red Sea Gateway Terminal’s competencies and its expansion strategy for emerging markets. We are very confident that, through this investment, we will be able to contribute significantly to Bangladesh’s fast-growing trade and economy.”

A 2019 study by the Asian Development Bank (ADB) into loan assistance it had provided to Chittagong Port Authority’s development plans found that the port’s strategic location made it an appropriate alternative to other ports in the region.

“Much work still needs to be done before the full potential of Chittagong Port’s gateway function for third-country trade… can materialise. The project’s envisaged outcome of increased container capacity was achieved,” it said.

“However, the project’s enhanced facilities were not able to accommodate the boom in international trade. Chittagong Port is still beset with lingering congestion problems and the new facilities have not been able to keep abreast with the growing demand for port services.”

In 2021, RSGT announced the sale of a 40% equity stake worth $280m to China’s Cosco Shipping Ports Limited (CSPL) and Saudi Arabia’s Public Investment Fund (PIF). “Working closely with PIF and CSPL, we will accelerate our shared vision, further strengthen our customer offering, and elevate our mandate to meet the increasing demand for terminal and logistics services,” Jens O. Floe, CEO of RSGT, said.

Source: https://www.seatrade-maritime.com/ports/red-sea-gateway-wins-port-terminal-expansion-project-bangladesh

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POST STATE CONTROL Archives - Page 2 of 21 - SHIP IP LTD

Taiwan aims to inspect 202 ships for Tokyo MOU

Russia Attacks Grain Silos at Ukraine’s Mykolaiv Port

BOC reinstates Subic officials after sugar smuggling probe

The Bureau of Customs on August 31 reinstated six Port of Subic officials after the conclusion of an investigation on alleged smuggling of refined sugar at the port

The investigation showed there was no negligence on the part of the officials in the discharge of their duties

The six were reinstated after they were temporarily transferred to the Office of the Commissioner through an August 24 order pending results of the investigation

The investigation also showed the Sugar Regulatory Administration clearances covering the shipment were authentic and not recycled, as initially alleged

COSCO SHIPPING Ports Announces 2022 Interim Results

The Port of Roenne is accelerating the enlargement of its harbour area to accommodate the need for more offshore wind energy in the Baltic Sea before 2030

DeloPorts acquired new motorized freight carrier within renovation program at KSK Grain Terminal

Cosco Shipping Bulk partners with GSBN

PortMiami receives $16 million RAISE programme grant

LA Port sees record July as imports ease

July throughput reached 935,345 TEUs, up 2.5% from previous record in July 2019

August imports forecast to begin easing from record highs with retailers cancelling orders as shoppers rein in pandemic spending

China factory orders just reported are slowing and top US importer Walmart cutting billions of dollars in orders to align inventory levels with expected demand

Red Sea Gateway wins port terminal expansion project in Bangladesh

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