Auto exports at Shanghai port nearly doubled since April Shanghai Customs said that its automobile exports saw a year-on-year increase of 97.4 percent from April 1 to May 25. About 33,500 vehicles were exported from the Shanghai port, accounting for 71.8 percent of the total of the country’s four major auto export ports, namely Tianjin, Guangzhou, Shanghai and Dalian, during the period. The customs ...

Port pro of the month: José Luis Cacho (PT) This month we talked to Mr. José Luis Cacho, President of the Ports of Sines and the Algarve (APS). He told us about his long-term vision for the ports, the impact of the COVID-19 crisis on the port sector, and shared his view on the role decarbonisation and digitalisation play in the ports. Read the ...

BPA: Green Maritime Fund Critical to Emissions Reductions The British Ports Association has published new research examining the barriers to shore power in UK ports, setting out three proposals to support the industry to meet ambitious emissions reductions targets. Shore power, also known as cold ironing, is the provision of shore-based electricity to ships at berth, allowing them to turn off their auxiliary ...

Fitch Upgrades FESCO’s IDR to ‘CCC’ from ‘RD’ Fitch Ratings has upgraded Russia-based Far-Eastern Shipping Company Plc’s (FESCO) Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC’ from ‘RD’ (Restricted Default). Fitch has also upgraded FESCO’s senior unsecured rating to ‘CC’ from ‘C’ with a Recovery Rating of ‘RR6’. The ‘CCC’ IDR reflects FESCO’s improved financial flexibility following the restructuring of the company’s debt, ...

Arrival of the first container ship at Stockholm Norvik Port May 27th will be remembered in the history books as the day the very first container ship arrived at Sweden’s newest freight port, Stockholm Norvik Port. The Stockholm region accounts for half of Sweden’s entire consumption, and now the opportunities to transport goods by sea as close to their final destination as possible have increased. ...