Full maritime 5G coverage will be deployed in major anchorages, fairways, terminals, and boarding grounds.

Delivery is scheduled to be delivered by mid-2025.

The announcement was made as part of the MPA’s 9th edition of the International Safety@Sea Week, launched by Chee Hong Tat, Senior Minister of State for Transport and Finance.

A 5G network has the potential to unlock a full suite of maritime solutions leveraging complementary technologies such as Artificial Intelligence, Internet of Things, big data, drones and autonomous vehicles, to improve safety, effectiveness and efficiencies in maritime operations.

Quah Ley Hoon, Chief Executive, Maritime and Port Authority of Singapore said: “Digitalisation continues to shape and transform the maritime industry, acting as a key driver for global trends such as logistics and supply chain efficiency and decarbonisation.

“MPA is taking the lead to help build a robust digital maritime ecosystem for Maritime Singapore, with fast, secure and high capacity 5G connectivity as one of the cornerstones to support real-time data exchanges in the maritime domain.”

Elsewhere in the port, MPA’s incident response management and safety enforcement capabilities across the full spectrum of operations will be further strengthened through the development of the Integrated Port Operations C3 (Command, Control and Communications) system (IPOC system).

The system is developed in collaboration with the Defence Science and Technology Agency (DSTA) and will enhance situational awareness and improve the efficiency and effectiveness of incident responses.

The IPOC system will be progressively phased in from 2023 to 2026 as MPA upgrades its systems.

The port will also further develop its online booking and clearance platform, digitalPORT@SG.

The second phase of the port will include the Active Anchorage Management System (AAMS).

The AAMS taps on various data sources to optimise allocation of limited anchorage space for vessels. It ensures that the vessel is anchored safely taking into consideration various conditions including the wind, tide, depth and proximity to hazards.

The AAMS is scheduled to be launched in in the third quarter of 2023.

Source: https://www.porttechnology.org/news/port-of-singapore-to-install-major-5g-network/

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


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

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


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

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


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

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


Egypt’s finance ministry has put in place a package of measures to clear a backlog of goods piled up in port, a ministry statement said on Tuesday.

A severe shortage of foreign currency in Egypt over the last six months has sent banks and importers scrambling to pay for the letters of credit needed to get their cargo released from customs. Factories and retailers complain that production and sales have been hurt due to a lack of inputs.

The foreign exchange crisis was triggered by the Ukrainian war and interest rate hikes by the U.S. Federal Reserve.

The package, to be implemented “in the coming days”, is designed to help reduce commodity prices paid by Egyptian citizens, Finance Minister Mohamed Maait said in the statement.

One measures will allow cargoes that have completed their customs procedures and are awaiting the “Model 4” financing to leave ports within “the next few days”, the statement said.

Model 4 is a pledge issued by commercial banks to pay the foreign exporter, according to a 2017 central bank directive. Banks over the last six months have often lacked the foreign currency needed to issue the pledge.

Fines imposed on importers and investors for being late in completing customs procedures will also be suspended if caused by a lack of documents from concerned authorities.

This measure will reduce the financial burden on importers and discourage them from passing on higher prices to consumers.

In addition, shipping agents will be allowed to remove cargo from customs zones and place it in outside warehouses provided they pledge not to release it before they have received permission. This is to relieve investors and importers from the additional cost of storing cargo inside port warehouses.

Source: https://www.maritimeprofessional.com/news/egypt-introduces-measures-help-clear-379061

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


President Joko “Jokowi” Widodo has inaugurated a new multipurpose terminal, Terminal Kijing, at the Port of Pontianak, West Kalimantan on August 9 to support expansion of existing capacity, which has reached peak capacity.  The new terminal has a capacity to handle 5,000 twenty-foot TEU of containerized cargo, with a throughput of 200,000 TEU, and eight million tons of general bulk and breakbulk commodities.

To develop Terminal Kijing, state-owned port operator PT Pelabuhan Indonesia (Pelindo) spent around IDR2.9. trillion (US$194 million) and six years of construction, which started in 2013.  Pelindo faced many obstacles and progress was stalled several times until 2016 when the central government stepped in to give the project a boost by designating it a national strategic project.  This status cleared all bureaucracy.

This situation reflected the reality that a state-run port does not have full control of the port development program.  The government retains a big portion of authority in the hands of the Ministry of Transport with the power to allocate budget and give endorsement.  However, this policy triggers an asymmetrical business practice among state-run ports and private port operators.

By virtue of Shipping Law No. 17/2008, the port business is opened to both public and public sectors.  Nonetheless, the private sector has more support from the government than state-owned port companies.

For example, private port operators do not pay dividend to the state, only income tax and concession fee.  Pelindo, on the other hand, has to financially support the state.  Moreover, Pelindo’s financial performance is subject to scrutiny by the Audit Board or BPK (Badan Pemeriksa Keuangan), the national supreme auditing institution.  The private port operators are not subject to this scrutiny.

Unlike counterparts from other countries, Indonesian state-owned port companies do not enjoy any advantages, preference or special treatment from the government.  In fact, the government often hampers the growth of the state-run ports.

For example, the government’s poor handling of the development of Patimban Port in Subang, West Java.  The Ministry of Transport claimed Patimban Port is complementary to the Port of Tanjung Priok, Indonesia’s busiest port, which is located not far away.

However, the facilities at both ports are similar with the same container and car terminals.  When the Patimban Port was officially launched in December 2020 by Jokowi, the ministry was reportedly deviating car carriers from Tanjung Priok to Patimban.  Some responded positively but many, especially big car carriers, still called at Tanjung Priok.

The Patimban Port is financed partly by the Japanese government through the Japan International Cooperation Agency (JICA), which funded IDR14.17 trillion of the IDR17.16 trillion needed for the first phase of the construction, which included the building of car, container and multipurpose quays, vehicle and box yards and other supporting facilities.  JICA has a 49 percent stake in the port.

PT Pelabuhan Patimban Internasional (PPI), the port operator, handed over the operation of the car terminal to Toyota Tsusho for a two-year contract, and reportedly the contract to operate the container terminal is given to a company majority-owned by Chairul Tanjung, an Indonesian businessman and former cabinet minister.  It seemed that PPI has morphed into a landlord instead, which may be in breach of the agreement it has with the Ministry of Transport.

Another similar story involved the Tanjung Carat project in South Sumatra, which was located close to the existing Boom Baru Port operated by Pelindo.  Pelindo, again, has to compete with Tanjung Carat Port.

The Terminal Kijing project has shown that port development by the Ministry of Transport and state-owned companies tended to favor small facilities scattered across the archipelago.  Consequently, they attracted less interest from main line operators and limited cargo flow from the hinterland.

The government should give Pelindo, the biggest national port operator, the authority and freedom it deserves to develop ports.  Pelindo, whose work can trigger great impact in the country, is to be hailed for its tenacity amidst unfavorable business climate.  So, next time, if Pelindo wants to develop a port, the government should give it permission to construct it adjacent to the Strait of Malacca with giant capacity and modern technology. Hopefully.

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


The new terminal has received 6 Ship-to-Shore (STS) cranes and 7 rubber-tyred gantry (RTG) cranes from ZPMC. This was the last delivery of equipment before the terminal goes live, which is expected in November 2022.

The new, fully electric equipment arrived in Abidjan on a semi-submersible vessel and is expected to significantly reduce energy consumption and CO2 emissions of the facility compared to a terminal running on diesel equipment. Thanks to a total investment of 262 billion CFA Francs (approx. 400 million Euro), CIT will, once completed, be equipped with 6 STS cranes, 13 RTG cranes and 36 tractors – all electric. This is fully aligned with APM Terminals’ ambition to achieve net zero emissions by 2040 and a 70% emission reduction by 2030. As the next step, the terminal is also investigating the switch to green sources of electricity to power the equipment.

Koen De Backker, Managing Director of Côte d’Ivoire Terminal, said:

“The arrival of this equipment marks an important milestone for of our second container terminal, with the progress of the development of the container fleet estimated today at 95%. Arrival and commissioning of this equipment was the last element we were waiting for before we can start the operational testing phase.”

The new terminal aims to improve logistics services in Côte d’Ivoire and the countries of the sub-region and is expected to generate 450 direct and thousands of indirect jobs. It will contribute to development of skills and to training of young Ivorians in port operations and handling of next-generation equipment.

Hien Yacouba Sié, Director General of the Port Autonome d’Abidjan, said:

“We are pleased and proud to receive the latest gantries for container handling at Côte d’Ivoire Terminal. The arrival of these handling machines marks an important step in the finalization of the construction of the 2nd container terminal of the port of Abidjan. This project renews the Ivorian government’s commitment to the development of port infrastructure in Côte d’Ivoire and the increase of trade in the sub-region.”

Source: https://seawanderer.org/cote-divoire-terminal-gears-up-with-new-equipment

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


  • Maersk unit APM Terminals has agreed to divest its 30.75% shareholding in Russia’s Global Ports Investments PLC to long-time partner Delo Group
  • The deal has been reached on an arm’s length basis and includes the possibility for APMT to re-enter the partnership with Delo in the future, Maersk says
  • With the divestment from Global Ports, APMT will no longer be involved in any entities operating in Russia or own any assets in that country
Maersk is quitting Russia  via a divestment of its holdings in Global Ports Investments PLC (GPI), a port operator in that country, the Danish global shipping and logistics giant announced in Copenhagen on August 30.
A.P. Moller-Maersk’s port business, APM Terminals (APMT), has agreed to divest its 30.75% shareholding in GPI to long-standing partner Delo Group, Maersk said.

The divestment comes nearly six months after Maersk announced its commitment to end activities in Russia following Moscow’s invasion of Ukraine on February 24 this year.

The APMT transaction is a binding agreement that is subject to regulatory approval. With the transaction, joint venture partner Delo Group, which also owns 30.75% of GPI’s capital stock, will now become the controlling shareholder with a 61.5% shareholding.

Maersk said the transaction has been undertaken on an arm’s-length basis and includes the possibility for APMT to re-enter the partnership with Delo in the future.

“We are pleased that we have now concluded this transaction according to the plan and with our long-standing partner Delo, enabling us (an) orderly exit from GPI in line with our decision to discontinue activities in Russia,” said Keith Svendsen, chief executive of APM Terminals.

With its shares in GPI divested, APMT will no longer be involved in any business in Russia or own any assets it that country. The transfer of share ownership will take place after regulatory approvals have been obtained.

Delo said the parties entered into the transaction on agreed market terms.

The price of the deal was not disclosed. But on the Copenhagen bourse on Monday, AP Moller-Maersk closed 1.12% down to Danish krone 18,170 (USD$1,112.47) per share.

On the London Stock Exchange, Global Ports Holdings, GPI’s parent, ended flat at £89.50 on Monday, August 29, before the APMT divestment.

The impact of the transaction has not yet reflected on Maersk’s and Global Ports’ stocks as the European stock markets are still closed.

With the divestment of its shares in GPI, APMT will no longer be involved in any entities operating in Russia or own any assets in the country.

Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains. As the global leader in shipping services, Maersk operates in 130 countries, employing around 95,000 people.

APM Terminals, part of A.P. Moller-Maersk, operates one of the world’s most comprehensive port networks 75 terminals exclusively or together with a joint venture partner. This equates to handling around 250 vessel calls per day and 12.8 million moves per year.

Global Ports Investments, a subsidiary of London-based GP Holdings, is the largest container terminal operator in Russia. It owns and operates 7 marine container and multipurpose terminals in two key marine container gateways.

Source: https://www.portcalls.com/maersk-quits-russia-via-gpi-stake-sale-to-delo/

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


APM Terminals (APMT), a leading port operator and part of A.P. Moller – Maersk, has announced an agreement to divest its minority stake in Global Ports Investments, the top container terminal operator in Russia.

Maersk will sell its 30.75% stake in GPI to its long-standing partner Delo Group, which also ownes 30.75% of the shares in GPI.

The sale comes as Maersk has decided to cease all our operations in Russia in response to its invasion of Ukraine.

In a statement, Maersk said the transaction has been done at “an arm’s length basis” and includes an ability for APMT to re-enter the partnership with Delo in the future.

“We are pleased that we have now concluded this transaction according to the plan and with our long-standing partner Delo, enabling us orderly exit from GPI in line with our decision to discontinue activities in Russia,” said Keith Svendsen, CEO of APM Terminals.

With the divestment of its shares in GPI, APMT will no longer be involved in any entities operating in Russia or own any assets it the country.

The transfer of share ownership will take place after regulatory approvals have been obtained, Maersk said.

APM Terminals ranks as the world’s second biggest port operator with 50.4 million TEU capacity under its belt in 2021, according to industry analyst Drewry.

Source: https://gcaptain.com/maersks-apm-terminals-divests-stake-in-russian-container-terminal-operator-global-ports/

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


A ship is regarded as substandard if the hull, machinery, equipment or operational safety and the protection of the environment is substantially below the standards required by the relevant conventions or if the crew is not in conformity with the safe manning document.

Evidence that the ship, its equipment, or its crew do not comply substantially with the requirements of the relevant conventions or that the master or crew members are not familiar with essential shipboard procedures relating to the safety of ships or the prevention of pollution may be clear grounds for the PSC inspector to conduct a more detailed inspection. Good ship and crew preparation is always essential, in keeping up to date with all International, National and Port State requirements. Having a checklist goes a long way.

This Report on Port State Control (PSC) provides information to Owners/Managers on deficiencies identified during inspections carried out by the various PSC regimes globally during the 2nd Quarter of 2022.

Source: ABS

 

CREWEXPRESS STCW REST HOURS SOFTWARE - Paris and Tokyo MoU have announced that they will jointly launch a new Concentrated Inspection Campaign (CIC) on Standards of Training, Certification and Watchkeeping for Seafarers (STCW) from 1st September 2022 to 30th November 2022


Company DETAILS

SHIP IP LTD
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Phone ( +359) 24929284
E-mail: sales(at)shipip.com

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