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Emirates Cargo

 

 

DUBAI: March 22, 2017. DP World has reported a 29.9 percent rise in net profit for 2016 to US$1.26 billion, on a 4.9 percent increase in revenue to total US$4.16 billion. Consolidated throughput of TEUs at its own terminals rose 0.4 percent to 29.24 million during the period.

Last year the group spent US$1.3 billion on investments that included Canadian container terminals in Vancouver and Prince Rupert plus Pusan in South Korea as global TEU capacity reached 85 million – a number expected to rise to over 100 million by 2020.

DP World Jebel Ali"Our aim is to continue our disciplined approach to capital allocation in markets with strong growth potential while adding complementary or related services to further diversify and strengthen our business," commented DP World Group chairman and CEO Sultan Ahmed Bin Sulayem.

Noting 2017 is expected to be another challenging year for global trade, Bin Sulayem said the group had made "an encouraging start" - including a meeting with the president of Panama Juan Carlos Varela to explore logistics opportunities relating to an expanded Panama Canal.

"Panama is central to the development of trade in the region and a vital artery for commerce – serving surrounding nations and connecting oceans," observed the DP World chairman.

Noting the visit to the port of Jebel Ali (right) on March 26 by Augusto Arosemena, Panama's minister of Commerce & Industry, Bin Sulayem said he would be discussing how DP World could contribute to the development of Panama's economy and support its business community.

"The expanded Panama Canal has boosted capability to handle increased cargo and larger vessels so the development of logistics and locations for business to take advantage of its increased capabilities are important for the government," he added.

LAZARO CARDENAS, MEXICO: February 27, 2017. The APM Terminals' facility at Lazaro Cardenas on Mexico's Pacific Coast has officially opened for business with the arrival of the 9,600 TEU-capacity Maersk Salalah on its AC2 Transpacific service from Asia.

The first phase of the US$900 million investment covers 120 acres and includes a quay of 750 meters connected to five rail tracks. On completion between 2027 and 2030, the terminal will have a quay of 1.5 kilometers, an area of 250 acres, a capacity of 4.1 million TEUs, and 10 rail tracks providing intermodal access.

APM Terminals Lazaro Cardenas Mexico"We have a significant portfolio across Latin America and this will be our second terminal in Mexico after Yucatan," commented APM Terminals CEO Morten Engelstoft. "We are pleased to be a contributor in helping Mexico to reach its growth ambitions."

The company said Lazaro Cardenas (right) incorporates semi-automated processes for higher productivity and would help Mexico trade growth by offering a new gateway between the second-largest economy in Latin America and the rest of the world.

"Mexico is a core part of our strategy of investing in growth markets and building state-of-the-art facilities to run more efficiently the supply chain from the heart of Mexico to Asia and the rest of the Americas," explained Jose Rueda, managing director for APM Terminals in Mexico. "The technology in this terminal will bring increased predictability and efficiency to our shipping line customers, whilst ensuring the highest levels of safety for our employees and supply chain partners." he added.

Rueda said his company is in a unique position to facilitate Mexico's trade by combining Lazaro Cardenas's ability to handle the world's largest box ships with inland connectivity at its Cuautitlan Izcalli terminal in Mexico City's industrial zone.

Currently, Mexico handles Latin America's third largest container volume after Brazil and Panama. According to World Bank statistics, in 2014 throughput was 5,273,945 TEU compared to 10,678,564 in Brazil and 7,942,291 in Panama. By comparison, Chile handled 3,742,520 TEU that year, Colombia 3,127,994, Ecuador 1,786,981, and Argentina 1,775,574 TEU.

In a related development, Mexico's Economy secretary Ildefonso Guajardo has said in an interview with Bloomberg News that if the Trump Administration imposes a 20 percent tariff on Ford and GM cars imported into the U.S., his country will break off discussions about the future of NAFTA with the words: "Bye-bye."

DARIEN, CT/SOUTHAMPTON, UK: December 13, 2016. APM Terminals is to sell container trucking subsidiary Pentalver to U.S. railroad operator Genesee & Wyoming (G&W) for US$110 million subject to regulatory approval.

 Pentalver truck photoPart of the A.P. Moller-Maersk Group since 1995, Pentalver handled one million TEU last year from off-dock container terminals at Felixstowe, Southampton, London Gateway and Tilbury, as well as from an inland terminal at Cannock, in the U.K. Midlands and near many of the country's largest distribution centers.

In addition to providing container transport, loaded and empty container storage, repair facilities, and a 24/7 refrigeration service, the company also operates 150 trucks to provide daily services between Felixstowe, Southampton and Cannock.

"The acquisition of Pentalver is an excellent strategic fit with our existing intermodal offering in the U.K," said Jack Hellmann, G&W president and CEO. "With the advent of larger container ships and the growth of distribution centers in the Midlands and throughout the U.K., our maritime intermodal customers are seeking greater service optionality, which includes not only rail and road transportation but also the ability to store, maintain and position containers."

Last year G&W bought Freightliner for US$490 million – adding to a network of short line and regional railroads in the U.S, Canada, the Netherlands, Belgium and Australia.

Freightliner is the largest rail maritime intermodal operator in the U.K. providing container services from Felixstowe, Southampton, London Gateway and Tilbury to a network of 13 inland terminals.

G&W owns or leases 122 freight railroads in 41 U.S. States and four Canadian provinces; in New South Wales, the Northern Territory and South Australia; in Poland and Germany; and cross-border intermodal services connecting Northern European seaports with industrial regions throughout the continent.

SAN PEDRO, CA: November 10, 2016. Maersk Line has partnered with the ports of Los Angeles and Long Beach to measure the environmental benefits of a US$125 million upgrade to 12 containerships.

The two ports are contributing jointly US$1 million to a real-time tracking system to pinpoint vessel emissions while ships birthed and at sea.

Maersk said the three-year data collection and analysis will build on its multi-mullion "radical retrofit" program to reduce fuel consumption and increase the capacity of vessels that regularly call at the San Pedro Bay ports.

P400 LAXThe project will record in real time how much fuel each Maersk vessel engine uses in conjunction with speed, engine power, weather and other operational variables.

"This is the equivalent of strapping a Fitbit (activity tracker) on to a large container ship," said Lee Kindberg, Maersk director of Environment and Sustainability. "We'll be tracking vessel performance and emissions 24/7. This advances our ability to reduce greenhouse gases and other pollutants on a global scale."

The Maersk upgrades include redesigning the bulbous bow of each vessel, replacing existing propellers with more efficient models, and derating the main engines to make them more efficient at lower speeds.

The retrofit program also involves raising a ship's bridge to increase TEU capacity from 9,500 to 11,000 TEUs. This allows Maersk to carry more containers per vessel while decreasing their environmental impact per container moved.

"Maersk Line's extraordinary commitment to cleaner, more efficient vessel operations represents a quantum leap in the environmental progress of our entire industry," said Port of Los Angeles executive director Gene Seroka. "We applaud Maersk Line for its leadership and innovation, and we are eager to do our part to advance fundamental change that will result in cleaner air for our surrounding communities and around the world."

The energy efficiency makeover is expected to decrease each ship's fuel consumption by more than 10 percent, saving an estimated 10,000 tonnes of fuel annually.

Since 2007, Maersk Line has reduced GHG emissions from its vessel operations by 42 percent per container carried per kilometer in a bid to reach its goal of a 60 percent reduction by 2020.

The Port of Los Angeles and Port of Long Beach handle approximately 40 percent of America's total containerized import traffic and 25 percent of its total exports.

LONDON: July 07, 2016. Following the explosion and fire at the port of Tianjin last year, insurance and risk management company TT Club is calling for greater adherence to International Maritime Organisation (IMO) recommendations for the transport of dangerous cargo in port areas.

IMO safer ports"The explosion last August should be seen as a spectacular example of why those operating throughout the global supply chains should examine their work practices and risk procedures more thoroughly," said Peregrine Storrs-Fox, TT Club director of Risk Management. "With estimated insured losses between US$2.5 and US$3.5 billion, this incident becomes a focal point, drawing attention to underlying vulnerabilities within global supply chain processes," he added.

TT Club said its risk assessment surveys at ports over the last 12-18 months have found little adherence to segregation requirements for dangerous goods.

"Considering the continuing need in other parts of the supply chain, not only to review regulation and guidance, but also to promote sound corporate culture, it is perhaps time that the existing IMO recommendations are reviewed and some teeth added to bring about greater adoption at national level," said Storrs-Fox.

TT Club analysis of its claims history over the past five years has shown that incident causation is concentrated within five classifications, with 66 percent relating to road traffic and cargo handling collisions, fire, theft and poor cargo packing.

While the 7,500 insurance claims had an insured value of US$500 million, the company said the total economic costs should also account for hidden losses, such asmanagement time and distraction, and reputational damage.

"Clearly such matters need to be better integrated globally in order to improve practice in handling dangerous goods, resulting in the safety of workers and third parties, as well as maintaining the integrity of cargo and transport infrastructure," Storrs-Fox declared.

LONDON: September 12, 2016. Drewry Maritime Research says global container terminal operators are changing strategies in response to slowing growth, bigger ships and larger liner alliances.

Operators face what the company describes in a new report as a "perfect storm" of a drop in growth; higher operating and capital expenditure costs due to bigger ships; increased business risks from larger liner alliances; and loss-making carriers pressuring for lower terminal handling charges.

MSC SalalahAs a result, while carriers with terminal portfolios are "shying away" from greenfield investments, they remain very active in M&A and joint ventures. Some have been selling assets to raise cash but others including China Shipping and Cosco have been buying terminal stakes, says Drewry.

Another strategy is "stevedore" terminal operators making joint venture deals with shipping lines to mitigate the risk of not being affiliated with one of the three mega liner alliances next year. Having a shipping line as a shareholder can be seen as a way of trying to tie in alliance volumes, according to Drewry.

"International terminal operators have understandably taken their foot off the pedal when it comes to greenfield projects, carriers especially so," declares the report. "In its place, the key players are looking for growth, risk mitigation and opportunities through M&A activity. This is leading to more joint ventures, co-shareholdings, and more complex inter-linking of terminal ownership."

At the port of Salalah, Oman (right) operator APM Terminals, part of the Maersk Group, has reported a 29 percent increase in throughput for the first half of 2016 to 1.6 million TEU, with 90 percent transshipped throughout the region.

APM says some of the growth is the result of the port's ability to accommodate the largest of the Ultra-Large Container Ships (ULCS) entering the Asia/Europe trade lanes including the MSC Zoe, with a capacity of 19,224 TEUs.

"We are seeing a trend of deployment of these large vessels on major trade lanes and we expect to see more of these calls in the near future", said Port of Salalah CEO David Gledhill. "With the shipping industry witnessing significant changes in terms of structure and alliances, we have seen enhanced connectivity to East Africa, Somalia and North Oman in 2016," he added.

DUNKERQUE: June 21, 2016. SNCF Logistics and the Port of Dunkerque have signed a three-year deal to ensure they are part of China’s ‘One Belt, One Road’ rail network linking points in China and Europe.

Port of Dunkerque CEO Stéphane Raison (right in picture) said: "The industrial and port community of Dunkerque, which is France's leading rail hub, will benefit enormously from the experience acquired by SNCF Logistics in multimodal transport, logistics and freight forwarding.”

SNCF Logistics Partnership Agreement ENAlain Picard, general director of SNCF Logistics (left in picture), noted the port of Dunkerque handles 11 percent of France’s rail traffic and is an essential link in the country’s logistics chain: “For SNCF Logistics, which is the leading transport company in France and the fourth-largest in Europe, this partnership with [the port] will reinforce relations for all aspects of our activity and help to boost the volumes carried, to the benefit of both partners."

The two executives said their non-exclusive agreement is designed to enlarge the distribution hinterland of the port of Dunkirk and ensure its long-term reputation as a major centre of transport logistics; meet the demands of an increasingly international clientele by developing new solutions for smoother and faster transit through the port; and promote so-called "virtual logistics chains".

Dunkirk is the busiest passenger port in Europe (Calais-Dunkirk axis); the largest port complex in France (traffic of more than 90 million tonnes through Calais-Dunkirk); France's largest energy hub; the largest LNG terminal; the leading port for containerized fruit and vegetable imports; the leading French port for ore and coal imports; France's largest rail port; the largest waterway port in the region; and France's third-ranking port for grain traffic.

SNCF Logistics, part of French rail company SNCF, is Europe’s fourth largest logistics company employing over 52,000 people in 120 countries. Turnover was €10.3 billion in 2015.

MOSCOW: September 05, 2016. Following last month's MoU with DP World to determine the use of Hyperloop One transport technology at Jebel Ali port, Dubai, the U.S. company has now published a study on the feasibility of linking the city of Hunchun in northeast China with the Russian port of Zarubino.

The study, commissioned by Caspian Venture Capital, a US$300 million fund set up by Summa Group chairman Ziya Magomedov, says it would take four years and an estimated US$1.5-2.1 billion to build a 65 kms Hyperloop line between the two cities.

Port of ZarubinoSumma says the line would have a maximum capacity of 50 million tonnes in one direction and be able to carry 18.9 million tonnes of grain and 1.3 million TEUs at an average speed of 875 kilometers an hour.

Headquartered in Los Angeles, Hyperloop uses electric propulsion to accelerate a passenger or cargo vehicle through a tube in a low-pressure environment. The autonomous vehicle levitates slightly above the track and glides at faster-than-airline speeds over long distances.

"We are excited that the technological promise of Hyperloop has been matched by such enthusiasm by China and Russia, nations which both understand the value of serious infrastructure investment and development," said  Casey Handmer, a Hyperloop One levitation engineer. "Russia and China share the Eurasian steppe, a transportation route as old as history. What ancient caravans took years to cross Hyperloop can cover in mere hours, tying together the rapidly growing economies that surround the great continent."

Summa has already announced it wants to build a new 'Big Port' at Zarubino (right), 18 kilometers from the border with China, to handle exports of Chinese consumer goods and Russian grain. Total cost is estimated at US$2.6-3.0 billion according to the company.

Earlier this month DP World signed an MoU with Summa to explore investment opportunities in ports, special economic zones and inland logistics facilities in the Russian Federation – including Vladivostok and Zarubino.

Magomedov noted at the time: "I am confident that together we will also implement and deploy such high-tech solutions that will help transform these trade corridors and the transport and logistics arena as a whole."

DUBAI: June 07, 2016. DP World has won a 50-year concession for the development of new multi-purpose port at Posorja, 65 kms. from Ecuador’s existing marine port at Guayaquil.

DP World signs with EcuadorConstruction of the US$500 million first phase that will have an annual capacity of 750,000 TEU is expected to start within the next six to nine months and take two years to complete.

The new port will provide a 15 meter draft compared to the current 9.75 meters at Guayaquil; additional capacity for Guayaquil’s container terminals that handled 1.75 million TEU in 2015; better logistics for the world’s largest banana exporting country; and long-term expansion potential with up to about 2,000 metres of berth and over 200 hectares of terminal area.

Total investment in the new venture will exceed US$1 billion and be implemented together with Consorcio Nobis and Grupo Vilaseca – Ecuadorian conglomerates with interests that include agribusiness, real estate and packaging.

Roberto Dunn, executive director of Consorcio Nobis said: “We are excited to partner with DP World and Grupo Vilaseca on this landmark project. DP World Posorja will offer Ecuadorean importers and exporters a unique deep-water alternative that will dramatically improve the competitiveness of their products in world markets and has the potential to transform the Ecuadorean economy.”

DP World group chairman and CEO Sultan Ahmed Bin Sulayem, who had earlier met with the president of Argentina Mauricio Macri to discuss further investment in that country said: “We are delighted to extend our South American footprint with a major investment in Ecuador. The additional value it will bring to the economy is compelling, increasing competitiveness through the provision of modern container terminal services in central Ecuador.”

Bin Sulayem said the new investment would add to DP World’s existing network in Argentina, Brazil, Peru and Suriname.

(Pictured at the signing ceremony left to right: Jorge Glass, vice president of Ecuador; Rafael Correa, president of Ecuador; Sultan Ahmed Bin Sulayem; and Isabel Noboa, chairwoman of Consorcio Nobis.)

DUBAI: August 18, 2016. Port terminal operator DP World has reported a 10.2 percent increase in revenue for the first six months (H1) of 2016 of US$2.09 billion. Net profit rose 47.8 percent to US$673 million. TEU throughput expanded 1.6 percent to reach 14.6 million.

The company said it invested US$586 million in H1 and expects to spend a total of US$1.2-1.4 billion by the end of the year in expanding Jebel Ali (UAE), Jebel Ali Free Zone (UAE), London Gateway (UK), Prince Rupert (Canada), JNP Mumbai (India), and Yarimca (Turkey).

"This financial performance has been achieved despite uncertain market conditions, which once again demonstrates the resilient nature of our portfolio," commented DP World chairman and CEO Sultan Ahmed Bin Sulayem. "The outlook for trade growth remains uncertain; however, we believe our portfolio is well positioned to continue to outperform the market. Looking ahead to the second half of the year, we expect throughput performance to improve, and like-for-like financial performance to be similar to the first half," he added.

Hyperloop 1Reviewing DP World's operation during the period, CFO Yuvraj Narayan said while volumes in the UAE were down 6.0 percent in H1, there was strong growth in Europe mainly driven by London Gateway. In Asia Pacific and the Indian Subcontinent results were "generally positive" with overall volume growth of 6.6 percent as the region benefited from new capacity in Mumbai. However market conditions in Australia and the Americas have been challenging, he added, due to volatile currencies and weaker commodity prices that have resulted in less economic growth.

In a related investment move, DP World has signed an MoU with U.S.-based Hyperloop One (right) for feasibility studies that analyze the value of using Hyperloop systems to move containers from Jebel Ali Port to a new inland container depot in Dubai.

Headquartered in Los Angeles, Hyperloop is planned to move people or goods anywhere in the world on-demand and with minimal impact to the environment. The system uses electric propulsion to accelerate a passenger or cargo vehicle through a tube in a low-pressure environment. The autonomous vehicle levitates slightly above the track and glides at faster-than-airline speeds over long distances.

"The world is changing at a pace never seen before in our history and we intend to be part of a new revolution in transport, connecting markets and economies around the world," said Bin Sulayem. "This is an example of leading innovation in our industry and pushing the boundaries in the delivery of goods. The potential to use these kind of technologies in emerging markets outside the UAE such as Africa and Asia with large land mass is significant."

LIMASSOL: April 26, 2016: The Republic of Cyprus government has awarded DP World an exclusive 25-year concession to operate Limassol’s multipurpose port while its subsidiary P&O Maritime Cyprus has won a 15-year agreement to provide tugs and pilotage services. Terms of the agreement have not been disclosed.

DP world LimassolThe port of Limassol includes break-bulk, general cargo, ro-ro and passenger terminal operations. Current operator the Cyprus Port Authority reported handling 143,800 TEUs between January and June last year, a drop of seven percent over the previous six months. General cargo saw a decline of 13 percent in the same period year-on-year to 1.46 million tonnes.

The concessions have been awarded to two joint ventures between DP World and G.A.P. Vassilopoulos, a Nicosia-based logistics, financial services and hospitality group that represents FedEx on the island.

Under the new agreement, DP World will replace the Cyprus Port Authority as Limassol port manager in January 2017.

Commenting on the deal, DP World chairman and CEO Sultan Ahmed Bin Sulayem (left of picture with the Republic’s minister of Transport and Communications Marios Demetriades) said: “We believe in the long-term prospects of Cyprus and the potential for DP World, as a facilitator of trade, to maximise the potential of Limassol port.”

The move by DP World follows continuing reunification talks between Republic president Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci. Following their latest meeting, Anastasiades reportedly said he hoped the two sides would reach a “definite solution” to the divided island by the end of the year.

The two leaders are expected to meet again in early May while agreeing their respective chief negotiators, Andreas Mavroyiannis and Ozdil Nami, should meet every one or two days in pursuit of an agreement.

CSAFE Global

 

 

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