A standardized digital release process for containers imported into German sea ports is being launched under the name “Secure Release Order.” This is intended to gradually replace the previously used PIN code-based process. Initiators DAKOSY and dbh expect to launch the introductory phase in the second half of this year. With the comprehensive digitalization of the release process, the two logistics software service providers want make pick-ups in German sea
Category: Shipping News
Port of LA nets record amount for harbor maintenance
The U.S. Army Corps of Engineers has announced the Port of Los Angeles will receive an estimated million in federal funding this year for maintaining its harbor channels and repairing its wharves. The record amount reflects the federal government’s commitment to fully implementing reforms to the Harbor Maintenance Trust Fund (HMTF) long sought by the Port. “The San Pedro Bay ports move 40 percent of the nation’s container imports, transporting
New Multi-Purpose Vessel Enhances Port of Cape Town’s Marine Fleet
Transnet National Ports Authority (TNPA) is constructing a new multi-purpose vessel to enhance marine fleet availability at the Port of Cape Town. The keel-laying ceremony, a traditional milestone marking the start of construction, took place in Cape Town on Friday. In line with maritime tradition, a Mandela Peace Prize coin was placed under the keel to invite good fortune during construction and the vessel’s operational life. Damen Shipyards Cape Town
Port of Walvis Bay Advances with €250M Hydrogen and Ammonia Facility
In a significant development for Namibia’s energy sector, the Port of Antwerp-Bruges has announced plans to develop a €250-million ($267 million) hydrogen and ammonia storage and export facility at the Port of Walvis Bay. This project marks another milestone in the growing cooperation between Namibia’s ports authority, Namport, and the Belgian port complex. In June 2022, Namport signed a memorandum of understanding (MoU) with its European partners to explore potential
Maersk’s Earnings Plunge Amid Prolonged Red Sea Crisis
A prolonged crisis in the Red Sea has been identified as a significant factor behind AP Moller-Maersk’s sharp decline in earnings before interest, taxes, depreciation, and amortisation (EBITDA), which dropped 92% year-on-year (YoY) for the first quarter (Q1) of 2024. While gross revenue stood at $3.2 billion for Q1 in 2023, the line’s EBITDA fell to $1.5 billion. Excluding depreciation and amortisation, EBIT decreased to $117 million from $2.3 billion
Urgent Upgrades Needed to Boost Competitiveness of South African Ports
Addressing the persistent equipment issues at South African ports is crucial for maintaining the competitiveness of the sea freight sector. Years of neglect and mismanagement of funds have led to significant capital expenditure shortfalls, creating substantial challenges in upgrading the necessary infrastructure. While borrowing funds remains an option, it exacerbates the country’s escalating debt levels. Peter Besnard, CEO of the South African Association of Ship Operators and Agents (Saasoa), underscores
Maersk Commits $600 Million to Upgrade Nigeria’s Port Infrastructure
Danish shipping giant Maersk has announced a $600 million investment aimed at upgrading Nigeria’s port infrastructure, signaling a significant boost to the country’s maritime sector. The investment pledge was secured during a meeting between Nigerian President Bola Tinubu and Maersk chairman Robert Maersk Uggla at the World Economic Forum gathering in Saudi Arabia. Uggla expressed the company’s commitment to enhancing existing facilities and making ports more accommodating for larger vessels.
Transnet’s Port Partnership Sparks Economic Optimism in Cape Town
The City of Cape Town has hailed as “long overdue” the recent announcement by Transnet seeking a private partner for port development, marking a pivotal shift towards enhancing productivity. James Vos, Mayoral Committee Member for Economic Growth, praised the move as a critical step towards addressing the port’s well-documented inefficiencies, which have long burdened South Africans. He emphasized the significant impact of delayed imports on both exporters and consumers, stressing
AD Ports Group Spearheads Luanda Port Terminal Modernization
In a groundbreaking initiative poised to reshape Angola’s maritime landscape, AD Ports Group has solidified strategic alliances with local entities Unicargas and Multiparques, securing a 20-year concession agreement with the Luanda Port Authority. This landmark collaboration represents a significant stride towards the modernization and expansion of the existing Luanda multipurpose port terminal, heralding a new era of efficiency and growth in the region’s logistics domain. With a committed investment of
Green methanol-enabled Ane Maersk makes first call in Dubai
Maersk’s first large vessel that can run on green methanol, Ane Maersk, arrived in Dubai, UAE for the very first time and was welcomed by DP World at Jebel Ali. “Serving the AE7 string, which connects Asia and Europe, Ane Maersk arrived in the UAE on her rotation, beginning in Hamburg in Germany and covering several ports in Europe, the Mediterranean and the Gulf countries. She will further sail to