Port News

This year’s peak shipping season has come and gone, and with it so has the notion of a traditional peak season, industry executives said at the JOC Inland Distribution Conference here Thursday.

China has begun safety inspections of companies handling dangerous goods in the vicinity of Tianjin Port, the world’s 10th busiest container port, as supply chains adjust to the changes wrought by deadly explosions in August.

Swedish furniture maker IKEA has decided it will make Incheon port its primary South Korean gateway after it began testing out Incheon New Port Phase 1-1 container pier (Terminal B) in July.

Hutchison Ports Australia (HPA) and the Maritime Union of Australia (MUA) today agreed to extend conciliation talks until November as both sides try to find a way out of a bitter dispute that exploded after 97 workers were fired in early August.

Hyundai Merchant Marine said it will spin off its dry bulk division and its two U.S. West Coast container terminals as the Korean company seeks to bolster liquidity at its core container shipping business.

The privatization of the port of Piraeus has been delayed as Greece’s snap general election Sept. 20 interrupted preparations by government transport and finance officials.

The volume handled at India’s major public ports grew a meager 2 percent in the first fiscal half amid sluggish global trade demand and growing service bottlenecks at some of the country’s main container gateways, particularly Jawaharlal Nehru Port Trust.

The oldest container terminal in Rotterdam, ECT City Terminal, has closed after nearly fifty years, because it can’t handle the ever-larger vessels calling at Europe’s top container port.

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.