DP World saw a mixed bag of operating results from its operations around the world in the first half, with the Europe, Middle East and Africa (EMEA) region still making up the lion’s share of its volumes with a 3.1% rise in consolidated throughput to 11.54m teu from 11.18m teu in the first half of 2017.
The Port of Hong Kong predictably continued to see a slide in throughput in July as volumes fell 7.9% overall to 1.64m teu.
Cosco Shipping Ports has continued its strong and steady pace of growth in July, with overall throughput rising 12.1% to 8.59m teu, led by a stellar performance at its Bohai Rim ports and overseas terminals.
Port operator International Container Terminal Services Inc. (ICTSI) continues to touch the lives of communities within its Papua New Guinea (PNG) operations as wholly-owned subsidiary Motukea International Terminal (MIT) donated school equipment to the Baruni Primary School in the Motu-Koitabu village in Port Moresby.
Amid record volumes at its two main international gateway ports in Manila and Batangas in the first half, Asian Terminals Inc (ATI) is planning on spending approximately PHP8bn ($149.5m) this year to further boost the efficiency and capacity of its ports. This includes ongoing yard expansion projects at MSH as well as the delivery of two additional quay cranes and four more rubber-tired gantry cranes at BCT by the fourth quarter as well as current expansion of BCT’s berth and yard facilities, local reports said.
Port users at Malaysia's Port Klang’s will get a six-month reprieve as the government deferred the planned 15% tariff hike from September 1 this year to March 1, 2019.
Philippines-based International Container Terminal Services Inc (ICTSI) saw overall throughput rise 4% to 4.7m teu in the first half compared to 4.5m teu handled in the previous corresponding period in 2017, mainly on robust trade in the emerging markets and contributions from new terminals in Lae and Motukea in Papua New Guinea and the Australian port of Melbourne.
DP World has taken a small step forward in its tussle with the Djibouti government over the Doraleh Container Terminal. The international port operator said in a press release that an Arbitral Tribunal of the London Court of International Arbitration (LCIA) has confirmed the illegitimacy of the Government of Djibouti’s action of seizing control of the Doraleh Container Terminal (DCT) from DP World.
Malaysia’s Westports Holdings saw first half throughput drop 4.3% to 4.5m teu from 4.7m teu in the first six months of 2017 as liner industry changes continued to impact on volumes, although the situation is stabilizing, the port operator said in a stock market announcement.