Port News

HHLA, Hamburg’s leading terminal operator, has downgraded its 2015 earnings forecast in response to declining traffic at Germany’s top container port.

Indian Shipping Minister Nitin Gadkari said the government plans to spend roughly Rs. 70,000 crore (approximately $10.7 billion) on upgrades for major public ports under the “Sagar Mala” project over the next five years.

Container volumes handled by West Coast ports are returning to historical levels, but the weekly manpower requirements for handling the containers is about 15 percent higher than in the past. That suggests terminal operators are struggling to adjust to the complexities caused by mega-ships, vessel-sharing alliances and chassis shortages.

Container volumes at Panama’s ports totalled just over 4 million 20-foot-equivalent units during the first seven months of this year, up by 4.4 percent from the same period last year.

As the Port of New York and New Jersey tries to reduce chronically long lines for the 86 percent of its containers that move by truck, there are growing cries to extend gate hours. But there’s a problem — many distribution centers aren’t open late to receive the cargo.

The fast-growing port of Tauranga has begun widening and deepening its shipping channels to handle larger vessels after a more than four-year court battle over the project.

All but one of Japan’s five biggest ports saw their international container traffic shrink in the first half of this year amid growing economic uncertainty both at home and abroad.

Santos Brasil by 2047 plans to invest $324.4 million to allow the Tecon Santos terminal to handle larger ships and boost capacity by one-fifth after South America’s biggest container terminal operator received a 25-year concession extension at the busiest container gateway in Latin America.

Adani Ports and Special Economic Zone, which operates India’s biggest non-government port complex at Mundra, is rapidly expanding its container-handling footprint to create a pan-India terminal network.

APM Terminals confirmed its interest in expanding its presence in Mexico as it starts the countdown to the opening of a container terminal at the port of Lazaro Cardenas on the country’s Pacific coast.