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Industry News
Fitch Affirms Pelindo III at ‘BBB-‘; Outlook Stable
Sun, 05 Apr 2020 21:00:04 +0000
Fitch Ratings has affirmed Indonesia-based port operator PT Pelabuhan Indonesia III (Persero)’s (Pelindo III) Long-Term Foreign-Currency Issuer Default Rating (IDR) at ‘BBB-‘. The Outlook is Stable. A full list of rating actions is at the end of this commentary. RATING RATIONALE The coronavirus pandemic and government containment measures worldwide have created an uncertain global environment ...
Containers pile up at port as export orders cancelled
Sun, 05 Apr 2020 21:00:04 +0000
Export containers are piling up at Karachi ports since March 22 owing to non-availability of shipping lines and order deferments from buyers. The Karachi Port, which handled 76 per cent of total export cargo, has seen a decline of 31pc in shipments of export containers between March 22 to April 3. The broader reasons of ...
S. Korea Develops Indigenous Port Surveillance System
Sun, 05 Apr 2020 21:00:04 +0000
South Korea has developed a new port surveillance system with indigenous technologies that can better detect increasingly quiet submarines and other underwater moving objects, the arms procurement agency said. The advanced maritime surveillance system, developed by the Agency for Defense Development with a 130 billio- won (US$106.6 million) budget since 2015, has been installed at ...
APM Terminals Pipavav offers free storage service for containers till Apr 15
Sun, 05 Apr 2020 21:00:04 +0000
To prevent any supply chain disruptions in cargo movement during the coronavirus lockdown, APM Terminal Pipavav on Saturday announced free storage service at its facility for all containers till April 15. The supply chain interruption at the ports is expected due to the impact on the downstream services, it said. APM Terminals Pipavav is extending ...
Kamarajar Port to boost cargo capacity
Sun, 05 Apr 2020 21:00:04 +0000
Kamarajar Port Ltd. (KPL), as part of its expansion programme, has taken up several new projects involving an investment of over ₹1,000 crore, to increase its cargo-handling capacity by about 60% over the next two years. “Currently, we have a capacity to handle 48 million tonnes of cargo per annum through eight berths,” said Sunil ...
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How useful is 3D printing for ports?
Fri, 03 Apr 2020 13:55:48 +0100
3D printing is an emerging business model that could transform the ports and terminals sector, a technology company has said.
Wi-Fi coverage checking tool launched
Thu, 02 Apr 2020 10:56:40 +0100
A new tool provides ports and terminals with a quick and easy way to check site wide wireless network coverage without undertaking a specific survey.
Trade facilitation recommendations issued
Wed, 01 Apr 2020 23:57:47 +0100
The IMO has been presented with a list of recommendations for governments and relevant national authorities on the facilitation of maritime trade during the coronavirus (COVID-19) pandemic.
New concession brings huge investment
Wed, 01 Apr 2020 17:38:58 +0100
A new era of operation has begun at a port in Saudi Arabia with massive investment potential.
Dock extension boosts US terminal's capacity
Wed, 01 Apr 2020 15:23:13 +0100
A 400ft container dock extension has been completed at a US terminal to enable it to simultaneously handle two container ships for the first time.
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