Port News.

The Malaysian Port of Tanjung Pelepas (PTP), a joint venture between APM Terminals (30%) and the MMC Group, has been selected to join the Partnerships for Infrastructure (P4I) initiative. This is a government-to-government decarbonisation scheme between Malaysia and Australia that supports PTPs ambition to become a green bunkering hub for alternative fuels. The P4I project ... […]

Broekman Logistics is working hard to fulfil its ambitious sustainability goals. In doing so, the service provider deliberately engages in dialogue and collaboration with clients, suppliers and its own employees. As a global provider of integrated supply chain solutions, Broekman Logistics sees it as its mission to add sustainable value for its clients in all ... […]

European seaport operators face a dual challenge of rising costs and lower revenues following macroeconomic headwinds, which will squeeze their margins in the short and medium term, Fitch Ratings says. We expect profitability to gradually recover, supported by the longer-term economic rebound and steady tariff increases. The European container throughput index has dropped 15% from ... […]

Ultra low-sulphur diesel (ULSD) loadings from the Russian Baltic Sea port of Primorsk are set to fall in Octoberby 80% month on month on a daily basis to 210,000metric tons from 1.08 million metric tons scheduled for September, two traders said on Friday. Last week, Russia temporarily banned exports of gasoline and diesel to cope ... […]

Fujairah has imported 295,000 b/d of fuel oil in September, a 86,000 b/d decline from August, according to cargo tracker Vortexa. Iran has dominated Fujairah’s fuel oil imports so far this month, accounting for 31% of the port’s total. Russia (27%) and Iraq (20%) have been the UAE port’s second and third biggest fuel oil ... […]

The naira hit the N1,000 mark at the parallel market last week, shuttling between N975 and N990 to a dollar while it traded at N738 to a dollar at the Investors’ and Exporters’ FX window towards the close of the week. In this report, TOLA ADENBI highlights why an unstable naira will hurt port business. ... […]

Thames Freeport is celebrating £600m of private sector investment committed to the project in its first two years, which is resulting in the creation of over 1,000 news jobs throughout the region. On a visit to meet the Thames Freeport partners last week, UK Investment Minister Lord Johnson highlighted the extensive opportunities for businesses to ... […]

After six years with the company, Katja Otten, current Chief Financial Officer (CFO) at APM Terminals, has decided to continue her career outside of the organisation. Katja Otten joined APM Terminals in 2017 as CFO. During her tenure at APM Terminals, she was responsible for the transformation and further professionalisation of the company’s finance function, ... […]

Adani Gangavaram Port, the deepest and the most modern port in the country today, announced the induction of two advanced locomotives WDG3A as part of the ongoing efforts to enhance capacity and productivity at the port . The addition of these locomotives represents a significant stride in improving the rail infrastructure within the port, aligning ... […]

Export of iron ore fins began at the New Mangaluru Port on Thursday with the port authorities receiving the first rake of fins for export aggregation. NMP Authority Chairman A.V. Ramana, Deputy Chairman K.G. Nath, officials from Mines and Geology and Customs Departments, other stakeholders and senior port officials received the first rake at the ... […]