• 2018 June 14 12:25

    APM Terminals offers new gateway to Iraq

    New pre-arrival clearance protocols and reduced terminal handling charges for containers in transit, mean that Jordan’s deep-water Aqaba Container Terminal (ACT), located on the Red Sea, is now a realistic alternative maritime gateway for Iraq-bound cargo, the company said in its press release.

    Containers imported into Iraq will no longer have to be trans-loaded onto new trucks as they cross the Jordanian/Iraqi border.

    “The Aqaba Container Terminal has been working hard over the years to develop a competitive gateway to Iraq," says ACT Managing Director Steven Yoogalingam. “This will enhance the already strong Iraqi port system and gives the business communities of both countries a fantastic transportation system to better support economic development in the region."

    Ideally located, the ACT is 550km - or 36 hours by road - from the Iraqi border town of Traibil and 48 hours from Baghdad. This development comes as the volume of Iraqi imports experience rapid growth - 86% last year alone.

    Last month, the ACT welcomed the maiden call of the new AR1 direct service linking Aqaba in Jordan with ports in China, Korea, Singapore and Malaysia. The service is jointly operated by Wan Hai and container shipping group THE Alliance which is made up of Hapag-Lloyd, Yang Ming (YML) and the Ocean Network Express (ONE). The extra capacity deployed by the lines into Aqaba provides ample space to support the needs of the Iraqi market.

    “We chose Aqaba as the latest addition to our route due to the high potential of the terminal, and its strategic location within the region," said YML Agent Mohannad Al Bataineh. “We are impressed with the advanced technologies and handling procedures available at the Aqaba Container Terminal. This new destination will undoubtedly contribute to the expansion of our routes and operations and we are confident that Aqaba will be another success for our services worldwide."

    With its deep draft, state-of-art facilities and best in class performance, the ACT has been able to handle ever-increasing vessel sizes - from 5,500 TEU vessels in 2014 to more than 14,500 TEU today. In May, the terminal welcomed its largest vessel on a regular service, the 14,568 TEU COSCO Kilimanjaro deployed on the new Red Sea Export (RES1) service.

    The terminal handled 804,000 TEUs in 2017, with calls representing the world's ten largest container shipping lines. This represented more than 80% of global container line capacity. This provides the Jordanian and Iraqi business communities with the largest choice of carriers and the widest global access for the supply of goods and materials from overseas as well as to their export markets.

    The ACT is a joint venture between ADC, the Jordanian Government's development arm for the Aqaba Special Economic Zone, and APM Terminals, which manages the facility. It is the second–busiest container facility on the Red Sea after Jeddah (Saudi Arabia).

    A terminal expansion project completed in 2013 added 460 meters to the existing quay to create a total length of 1 km and increased the annual container throughput capacity to 1.3 million TEUs.

    Iraqi imports grew by 86% in 2017 to $36.5 billion - the leading sources being China, Turkey, Iran, South Korea and the United States, with food, medicine and manufactured goods the primary products.




2018 October 15

10:51 Port of Gdansk considered as transport hub for Slovakia
10:29 Brent Crude futures price up 1.21% to $81.4, Light Sweet Crude – up 1.04% to $72.08
10:10 Tuco Marine Group to build a multipurpose first responder boat for Hovedstadens Beredskab I/S
09:53 Baltic Dry Index is up to 1,579 points
09:34 Gazprom and Shell discuss next steps in Baltic LNG project
09:15 Throughput of port Helsinki (Finland) in 9M'18 up 8.4% Y-o-Y to 11.38 million tonnes (table)
08:07 PIL terminates all calls to Iran due to US sanctions
07:06 ChainPORT hackathon held for the first time simultaneously in the ports of Antwerp and Los Angeles
06:16 Vinalines posts profit of US$900,000 in the first nine months of 2018

2018 October 14

09:19 CMA CGM announces FAK rates from Asia to North Africa
09:17 CMA CGM announces FAK rates from Asia to the Mediterranean
09:16 Port of Corpus Christi moves record tonnage in first nine months of 2018
09:12 Port of New Orleans receives Excellence Award for Master Plan

2018 October 13

09:06 OOCL fleet moves forward to meet IMO 2020 regulation
09:04 CMA CGM announces FAK rates from Asia to North Europe
08:56 Algoma announces cancellation of Croatian new build contracts
08:54 Panama Canal sets record annual cargo tonnage in fiscal year 2018

2018 October 12

18:07 Port of Antwerp on track for sixth record year
17:36 Strengthening of Kaliningrad seaway canal's embankment included in Russia’s territorial development strategy through 2025
17:08 Stena Bulk in partnership with Bay Crest Management for expansion in Asia
16:04 Groundbreaking ceremony marks start of work at DP World Berbera in Somaliland
15:52 LNG Croatia invited bids for import LNG terminal infrastructure
15:35 Azerbaijan Caspian Shipping Company continues expanding its operations in international waters
15:03 Maersk Line announces an increase in FAK rates from Far East to North Europe
14:47 Minister Berner: Finland strives to reduce emissions from shipping
14:03 CMA CGM to introduce new quarterly BAF for long term contracts from 1st of January 2019
13:44 LUKOIL commissions fifth well at Filanovsky field second stage
13:21 Ocean Network Express enters bilateral feeder network cooperation with Hapag - Lloyd
13:10 MOL consolidation service succeeds with trial of remote container tracking management device
12:28 Germany furthers support to WMU with Simulator Lab refurbishment
12:05 Yangzijiang Shipbuilding Group in China and Mitsui & Co., Ltd. to establish a shipbuilding joint venture
11:47 BPO pays a visit to the Port of Ust-Luga
11:26 Rosterminalugol exported 16 million tonnes of coal YTD
11:05 Grimaldi further boosts its freight services to Sardinia
10:54 Bunker prices continue going up at the Port of Saint-Petersburg, Russia (graph)
10:50 Port of Gothenburg starts construction of new terminal
10:30 Brent Crude futures price up 1.2% to $81.22, Light Sweet Crude – up 1.18% to $71.81
10:11 De Boer holds naming ceremony for Damen RSD WID Tug 2915 Hybrid Fregate and ASD Tug 2310 SD Papillon
10:09 Baltic Dry Index is down to 1,515 points
09:58 Damen signs for another three years as founding partner of the Nederlands Dans Theater
09:51 Fuel oil prices show no significant changes in the Far East ports of Russia (graph)
09:33 RF Government approves plan for modernization and expansion of core infrastructure
09:14 Vimpel Shipyard launches border patrol boat of Project 1496М1 built for FSB Border Guard Service

2018 October 11

19:00 Gasum becomes 100% owner of Skangas, consolidates its position as the leading Nordic LNG provider
18:36 FLEX LNG to enter into transaction to acqure five 5th generation LNG newbuildings
18:27 Caterpillar Marine announces the latest generation of azimuth thrusters - MTA v3
17:50 Cruise ship crash, ship grounding force watchdog to act
17:27 Economic value of UK ports industry highlighted by British Ports Association
17:22 Throughput of Russian seaports in 9M’18 grew by 4% Y-o-Y to 604.2 million tonnes (detalization)
17:06 PSP Investments welcomes new investment partners to Forth Ports
16:25 Marine Recruiting Agency to train Rosmorport employees
16:08 CMA CGM reaffirms its ambition to turn CEVA into a stronger logistics leader
15:59 MSC adds new rail service in Spain
15:24 MABUX warns bunker prices may be vulnerable amid the uncertainties on both the supply and demand side
14:36 Okskaya Sudoverf shipyard upgrades its equipment
13:58 In-built oil recovery system of IB Polaris undergoing tests – Arctia prepared to offer oil recovery services
13:25 Mitsui E & S Shipbuilding delivers 66,000 dwt type bulk carrier
12:49 Belarus sees Latvia as an exit to the sea
12:23 New survey ship built for Azov-Don Basin Administration
12:05 HHIC-Phil successfully delivers VLCC