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Industry News
Port Houston: Bigger ships need wider channel
Mon, 28 Sep 2020 13:00:47 +0000
Port Houston officials say widening of the shipping channel is necessary to accommodate increasingly bigger vessels and maintain its status as a big driver of the Texas economy. “When you add it all up, the ship channel area is really responsible for 1.35 million jobs in Texas, over 3 million nationwide, $339 billion in economic ...
MMC Corp’s biggest port PTP gearing up for better times — AmInvestment Bank
Mon, 28 Sep 2020 13:00:45 +0000
AmInvestment Bank Bhd has maintained its “buy” call for MMC Corp Bhd with a fair value (FV) of RM1.56, valuing the company’s port division at 16 times earnings per share (EPS) forecast for the financial year ending Dec 31, 2021 (FY21F). The research house said that is at a 30% discount to its peers’ historical ...
Panama Canal Authority says it has won $265 mln arbitration case
Mon, 28 Sep 2020 09:00:42 +0000
The Panama Canal Authority said it won an arbitration ruling on Friday for $265 million to be returned to it from the consortium that built a third set of locks for the key transoceanic waterway. The authority cited a decision from a Miami-based arbitration board it said was issued earlier on Friday. The GUPC consortium, ...
Egypt’s Suez Canal revenue edged up in August -cabinet
Mon, 28 Sep 2020 09:00:38 +0000
Egypt’s Suez Canal generated $467.8 million in revenue in August, up from $440.1 million in July, a cabinet statement said. The slight rise in earnings comes after revenue was hit earlier this year by the impact of the pandemic. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian ...
State gas company selected for state project to establish LNG bunkering
Mon, 28 Sep 2020 09:00:36 +0000
A consortium led by as a state-run gas company was selected to build South Korea’s first vessel for liquefied natural gas (LNG) bunkering, which is the supplying of fuel for use by ships and includes the shipboard logistics of loading fuel and distributing it among available bunker tanks. Korea Gas Corp. (KOGAS) has formed a ...

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A FLIPPING TRADE
Mon, 28 Sep 2020 14:15:32 +0100
Despite the Coronavirus pandemic and poor economic climate, East Coast South America (ECSA) to US East and Gulf coast trades is holding up well for Brazilian exports, as Rob Ward discovers
Questionnaire assesses port digitalisation
Mon, 28 Sep 2020 13:50:26 +0100
A global ports questionnaire on electronic data exchange has been launched to gauge how far processes have been digitalised to track movements of ships, cargo and passengers.
Abu Dhabi Ports acquires logistics provider
Mon, 28 Sep 2020 10:33:57 +0100
Abu Dhabi Ports has acquired a logistics provider as part of its move towards providing supply chain logistics solutions.
Antwerp’s digital leap for containers
Fri, 25 Sep 2020 17:40:53 +0100
The Port of Antwerp is taking the next step in the development of a digitally secured port.
TRANSNET: TIME FOR A REALITY CHECK
Thu, 24 Sep 2020 14:50:09 +0100
Transnet, the multi-division government-owned provider of port and rail services in South Africa, has been under fire recently with a whole range of customer led criticisms ranging from corruption to inappropriate pricing arriving at its door.

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