Adriatic Gate Container Terminal (AGCT), the Croatian subsidiary of International Container Terminal Services Inc. (ICTSI) at the Port of Rijeka, is set to realise a comprehensive expansion plan in the period up to mid-2020.
Innovative new UAE-based maritime company Zaitoun Green Shipping has formed a consortium with world leading companies in smart technology and solutions to collaborate on radically improving performance of container ships and forming a new business model for this market.
Who would run a stevedoring company these days? It was relatively simple, once – you organised a lot of labour and ordered up new barrows when the old ones got broken, or fell in the dock.
Fifty thousand teu vessels are not out of the question, writes reader Paul Polinger, in response to the article – McKinsey 50,000 teu megaship forecast dismissed as insane.
The concept of the 50,000 teu containership recently forecast by consultants McKinsey was dismissed as neither needed or possible by senior industry executives at a conference in Hong Kong.
The global containership fleet hit 21m teu of capacity this month, however, fleet growth has slowed according to Alphaliner.
International Container Terminal Services Inc (ICTSI) is pumping in $100m for another two berths in the phase two development of the Basra Gateway Terminal (BGT) in North Port, Umm Qasr, Iraq.
The Port of Rotterdam has benefitted from the investments in infrastructure it put in place ahead of the recovery in Asia-Europe volumes while also gaining from the re-alignment of the alliances and rise of the ultra large container vessels.
While the there is an inherent attraction to order megavessel newbuildings in the current financing and market environment, it is still unclear as to how they benefit the lines.
Following today’s reports that MSC has ordered 11 units of 22,000 teu from Korean yard Daewoo Shipbuilding & Marine Engineering (DSME), latest statistics from Alphaliner on what it calls ‘megamax’ containerships of 18,000 to 22,000 teu reveal some curious coincidences between ordering patterns of individual lines and alliances.