Container Terminal Throughput Set To Hit Near A Billion TEU In 5 Years

by Gavin van Marle (TheLoadstar) Global container terminal utilisation levels are set to increase over the next five years, according to new research from shipping analyst Drewry Maritime Advisors. According to the newly published Global Container Terminal Operators Annual Review and Forecast 2019, global container port traffic is expected to grow by 4.4% a year for the next … [Read more...]

Operator: Polish LNG Terminal To Overcome Delays, Meet Deadlines

By Agnieszka Barteczko and Pawel Bernat WARSAW, June 17 (Reuters) - Poland has sped up work on a terminal for liquefied natural gas (LNG) as it aims for a 2015 start date for receiving shipments from suppliers such as Qatar, the head of terminal operator Polskie LNG said on Monday. "Work is speeding up," Rafal Wardzinski said in an interview. "If this continues, and … [Read more...]

Chinese Port Operators Buy $135M Stake in Taiwanese Container Terminal

Chinese port operators agreed to buy a $135 million stake in a Taiwanese container terminal, the second-biggest mainland acquisition on the island, as closer cross-strait ties spur trade volumes. China Merchants Holdings International Ltd., Cosco Pacific Ltd. and China Shipping Group Co. will each buy 10 percent of the terminal in Kaohsiung, Taiwan’s biggest port, … [Read more...]

China Plans to Triple LNG Consumption in the Near Future

(Bloomberg) -- China National Offshore Oil Corp. won government approval to build another liquefied natural gas terminal in southern China's Shenzhen amid increasing demand for the cleaner-burning fuel. The National Development and Reform Commission approved the project in June with designed receiving capacity of 4 million metric tons a year, NDRC said on its website today. … [Read more...]

Reload of LNG Cargo Canceled at Spanish Port, Upcoming Shipments Appear on Track

(Bloomberg) -- A cargo of liquefied natural gas due to reload at an import terminal in Spain next week has been canceled, said Enagas SA, the country's gas-network manager. A vessel was due to load 130,000 cubic meters of the chilled fuel from storage tanks at the Huelva import terminal in southwest Spain from Aug. 2, data published last month on the Enagas website showed. … [Read more...]