The Port of Savannah moved a record 4.5 million TEU in its fiscal year ending June 30, an increase of more than 305,000 TEUs or 7.3 percent compared to the previous year, Georgia Ports Authority (GPA) said Tuesday. The increase in throughput was boosted by an uptick in rail cargo. "Our ports are firing on all cylinders," said Governor Brian Kemp. "This success is a … [Read more...]
Port of Rotterdam Reports Record Throughput in First Six Months of 2019
The Port of Rotterdam reported throughput of 240.7 million tonnes in the first six months of 2019, a new record for Europe’s busiest port. The figure represents a 3.4 percent increase compared to the same period in 2018. The Port of Rotterdam Authority said the growth was driven by container throughput, which rose to 7.5 million TEU, a 6.4 percent increase on a TEU … [Read more...]
Drewry Sees DP World’s Traffic Jarred by Politics, Rival Port
By Verity Ratcliffe (Bloomberg) --U.S. sanctions against Iran and competition from Abu Dhabi are reducing traffic at DP World Plc’s home ports in Dubai, according to industry consultant Drewry. Traffic Woes Restrictions on cargo shipments to Qatar due to an embargo by the United Arab Emirates and some other Arab nations have also hurt container traffic in Dubai. However, … [Read more...]
Relief for West Med Transhipment Sector as New Terminal Opens at Tangiers
By Gavin van Marle (The Loadstar) - Today’s opening of a new container terminal at the Moroccan hub of Tangiers is likely to bring relief to a West Mediterranean transhipment market hitting dangerous utilisation levels. Maersk’s terminal operating subsidiary, APM Terminals, opened its second Tangier Med facility, adding 5m teu capacity to the market and taking overall … [Read more...]
Tangier Port to Become Mediterranean’s Largest
By Ahmed Eljechtimi and Ulf Laessing KSAR SGHIR, Morocco, June 26 (Reuters) - Morocco will open new terminals at Tanger Med port on Thursday, allowing it to surpass the Mediterranean's largest ports Algeciras and Valencia in terms of container capacity, and drive more investment and manufacturing to the country. Tanger Med, the biggest port in Africa with an annual volume … [Read more...]