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.
A continued upswing in global trade saw DP World reporting 4.8% growth in gross container volumes to 35.6m teu across its global portfolio of container terminals in the first half of 2018.
The gathering storm ahead of a possible full-on trade war has started to become evident in the first half results of port operating companies, with Hutchison Port Holdings (HPH) Trust reporting that overall throughput for the first six months fell 1% to 11.2m teu.
The Port of Colombo continues its good growth track, with a record 19.8% pace of increase for transshipment throughput in the first half of the year to 2.73m teu from 2.28m teu in the previous corresponding period of 2017.
After taking over full equity interest in CSP Zeebrugge Terminal in November 2017, Cosco Shipping Ports (CSP) has announced that it as planned, has sold a 10% stake to CMA CGM Group’s container terminals unit CMA Terminal.