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Port of Beaumont

Beaumont Receives $18 Million Infrastructure Investment

By The Maritime Executive 2019-11-16 15:42:10

U.S. Department of Transportation Maritime Administration Administrator Admiral Mark Buzby has formally presented a check for $18 million to Beaumont for the Port of Beaumont Multimodal Corridor Expansion and Improvement Project.  The Multimodal Corridor Expansion and Improvement Project reconstructs condemned wharves 2, 3, and 4 at the Main Street Terminal 1, adds approximately 16,000 linear feet of new rail track and realigns and upgrades approximately 4,275 feet of existing rail track at the Buford Rail Yard Interchange, and replaces a...

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Subsidy Reductions Hit New Trans-Eurasian "Silk Road" Railroad

By The Maritime Executive 2019-11-15 18:02:17

Now that a reduction of Chinese subsidies for trans-Eurasian rail freight have been more or less announced, will the New Silk Road container-by-rail line prove to be a bubble? Or is it here to stay? A group of European rail experts explored these questions in a recent webinar organized for the upcoming New Silk Road Summit, supported by Hafen Hamburg and Port of Rotterdam.  The phaseout of subsidies is necessary in the long run, according to rail consultant Rob...

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Dockworker Strikes Hit Chile's Ports as Civil Unrest Continues

By The Maritime Executive 2019-11-14 21:19:09

Chile's dockers have joined the widespread protests sweeping the South American nation, disrupting commerce at multiple ports up and down its coastline. Protesters representing a broad range of Chilean society are calling for economic and political reforms - chief among them, a higher minimum wage and a popular consultation process to draft a new constitution.  "Ports are paralysed from Arica to Punta Arenas," said Eduardo Rojas, an Antofagasta dockworker union leader, speaking to Al Jazeera. "Other ports that are not...

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China Plans $1B Port Investment in Brazil

By The Maritime Executive 2019-11-14 21:04:16

During a visit by Chinese President Xi Jinping to Brasilia this week, China is expected to announce a $1 billion investment in the port of Sao Luis by state-owned China Communications Construction Company (CCCC). President Xi is in Brazil for the annual BRICS summit, a gathering of the leaders of Brazil, Russia, India, China and South Africa.  In 2018, CCCC began work on a new greenfield port at Sao Luis, the capital of the state of Maranhão on Brazil's northeastern...

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Greece to Revisit Plan for Another Chinese-Run Container Terminal

By The Maritime Executive 2019-11-14 19:03:25

After a personal visit from Chinese President Xi Jinping, the government of Greek Prime Minister Kyriakos Mitsotakis has agreed to reopen talks on a fourth Chinese-operated container terminal at the Port of Piraeus.  Greece’s Port Planning and Development Committee recently granted approval for almost all of a port-wide investment plan submitted by the Chinese-controlled Piraeus Port Authority (PPA). To PPA's disappointment, the committee did not approve a fourth container terminal, which would have increased Piraeus' total TEU capacity from the...

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ESPO Award 2019

Port of Dover wins ESPO Award

By The Maritime Executive 2019-11-14 18:46:52

The Port of Dover in the U.K. has been awarded the European Sea Ports Organization (ESPO) Award 2019 in recognition of its successful strategy to reach out to the local community and to directly communicate with the port citizens.  Using social media and demonstrating a high level of transparency about operational achievements, future strategies and environmental performance is becoming increasingly important for European ports. The judges were impressed by Port of Dover’s strategy which is centered around campaigns on all...

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Credit: MOL Chemical Tankers

New Chemical Terminal Planned for Port of Ulsan

By The Maritime Executive 2019-11-14 18:29:04

MOL Chemical Tankers, Korea National Oil Corporation and SK Gas have agreed to collaborate on the construction of a chemical terminal in the Port of Ulsan, South Korea. Singapore-based MOL Chemical Tankers will establish a joint venture company SK Gas named Korea Energy Terminal. The terminal will be a large-scale tank terminal for petroleum products and natural gas, and commercial operation is scheduled to commence in June 2024 with 2.73 million barrels (about 434,000 m3) of tank capacity. MOL Chemical...

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Credit: CMA CGM

CEVA Logistics Opens New Headquarters in Marseille

By The Maritime Executive 2019-11-14 17:45:27

France's Prime Minister Edouard Philippe has inaugurated the new global headquarters of CEVA Logistics, now a subsidiary of the CMA CGM Group. With the acquisition of CEVA Logistics in May 2019, the CMA CGM Group decided to transfer the headquarters from Switzerland to Marseille, France, and to consolidate all management teams and support functions. 170 employees of 25 different nationalities are already working at the CEVA Logistics headquarters, and another 30 are expected by the end of 2019. The proximity...

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Yangshan Port

ZPMC and Partners Promote 5G

By The Maritime Executive 2019-11-14 17:07:09

Shanghai Zhenhua Heavy Industries Company (ZPMC), Vodafone, China Mobile and Huawei jointly released 5G Smart Port White Paper last month.  With its low latency, large bandwidth and high reliability, 5G is anticipated to provide a new-generation communication solution for port equipment. 5G is generally seen as the fifth generation cellular network technology that provides broadband access. Its purpose is not solely about making bandwidths larger or speeds faster, 5G will play a role in emerging Internet of Things applications and...

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Georgia Ports Authority Announces Record-Setting October Volumes

By The Maritime Executive 2019-11-14 12:55:19

The Georgia Ports Authority announced Thursday that it recently recorded the highest October traffic volume in its history, marking another month in the port's long string of new records since the opening of the New Panama Canal.  The Port of Savannah's container terminal moved almost 430,000 TEU in October, an increase of 3.5 percent year-on-year. The strong month gave the port a fiscal year-to-date total of 1.6 million TEU, up six percent relative to the same period in FY2018.   

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