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MAQTA GATEWAY, A DIGITAL PLATFORM LAUNCHED

Abu Dhabi Ports has launched Maqta Gateway, a digital platform which provides digital services to different entities including shipping agents, traders, freight forwarders, custom brokers among others to boost trade and efficiency. The new system was inaugurated in the presence of Shaikh Hamed Bin Zayed Al Nahyan, Chairman of Abu Dhabi Crown Prince’s Court last Tuesday.

Maqta Gateway provides customers with all the information they need about their transactions any time and from anywhere in the world. It provides customers with all the information they need about their transactions any time and from anywhere in the world. As a key outcome, relevant authorities are able to know what goods are coming into their country before their arrival. During its testing period last year, Maqta Gateway logged 37,000 vessel entries and 3.6 million digital transactions.

More than hundred services are offered through the new digital platform including registration and payment, container services, general cargo services, as well as cruise ships service

BLACK SEA-MED AFRAMAX ROUTE HITS 4-MONTH HIGH

The cost of taking crude oil from the Black Sea to the Mediterranean on Aframaxes hit a four-month month high due to bad weather and an extremely short tonnage list. The Aframax route from the Black Sea to the Mediterranean, basis 80,000 mt was assessed at Worldscale 145 or $10.80/mt last Monday, the highest since May 23 when it was valued at $11.18/mt or w150.

P&O PORTS TO OPERATE CONTAINER TERMINAL IN FRANCE

P&O Ports, a subsidiary of Dubai’s Ports, Customs and Free Zones Corporation (PCFC), will begin to operate the container terminal in the Port de Sete in the south of France from early next year. Port de Sete is a deep draft port, handling frozen, chilled, general and break-bulk cargo, containers and livestock alongside cruise and ferry terminals, a marina, cement handling facilities and an agro-industrial complex. It forms part of the network of feeder routes in Italy, Spain and France with access to major hubs throughout the Mediterranean, the road and rail network of southern France and major businesses located in the region.

The three-year contract, announced in July, will see P&O Ports operating a container yard with a draft up to 14.5m draft with 457 metres of quay and adjacent two hectares of land.

Development is due to start at the end of the year and once open will offer 12 dedicated super yacht berths for the world’s largest vessels of up to 100 metres with a maximum draft of 7 metres.

S KOREAN SHIPBUILDERS TO POST OPTIMISTIC EARNINGS IN Q3

South Korean shipbuilders are expected to post positive earnings in the third quarter mainly due to cost cutting and restructuring measures undertaken to cope with challenging market conditions, industry sources quoted as saying last Monday.

Hyundai Heavy Industries Co, Samsung Heavy Industries and Daewoo Shipbuilding and Marine Engineering Co. (DSME), the country’s leading shipyards are all expected to be in the black for the July-September period, market watcher predicted.

MUNDRA PORT SETS NEW PRODUCTIVITY RECORD

The Adani Group-owned Mundra Port has hit a new productivity milestone ahead of the opening of a fourth mega-terminal, an achievement likely to intensify competition with its main rival Jawaharlal Nehru Port Trust (JNPT) also on India’s west coast.

Adani International Container Terminal (AICTPL), a joint venture between Adani Group and Mediterranean Shipping Co (MSC) loaded and discharged 10,254 TEU – touted as the largest-ever lift on a single sailing at an Indian port – when it serviced the MSC Bruxelles at the end of September. The vessel is deployed on MSC’s new ‘INGWE’ service connecting Asia, the Gulf and Africa.

PANAMAX VESSEL DEMAND LIFTS INDEX

The Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the sixth straight session on Wednesday as panamax rates increased on demand from grain cargoes.

The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 15 points, or 1.06 percent, to 1,433 points. The panamax index also increased for the sixth consecutive session, up 39 points, or 2.66 percent, at 1,504 points.

PORT OF OAKLAND IMPORT VOLUME JUMPS 12.6PC

New statistics out showed that containerized import volume at the Port of Oakland increased 12.6 percent last month.

The port reported that it handled the equivalent of 79,135 20-foot import containers. A search of records indicates that it was the largest September import volume in the port’s history. This is the peak season for container shipping, when we expect higher import volumes ahead of the year-end holidays. According to port data, last month’s import surge topped the previous September record of 77,071 containers.

IRON ORE, LIQUID CARGO DRIVE VOLUME GROWTH AT MAIN PORTS

Iron ore and liquid cargo shipments led traffic growth at major ports in April-September period of this financial year. During the period under review, iron ore cargo including iron ore pellets surged by 23.48 per cent. The ports at Kandla, Paradip, New Mormugao and New Mangalore were the major gainers from the spike in iron ore shipments.

ESSAR PORTS REGISTERS 19 PC GROWTH IN CARGO HANDLING

Essar Ports handled 17.35 million tonnes of cargo in the first half of FY 2017-18, registering 19percent growth when compared to the cargo handling in the corresponding period in FY 2016-17. The company also registered 7percent growth in cargo handling in the quarter ending 30 September 2017, when compared to the same period in the previous fiscal.

Essar Ports, which has recently completed sale of its Vadinar Oil terminal to Essar Oil Limited as part of Essar Oil’s sale to Rosneft, and a consortium led by Trafigura and UCP, has three operational ports in Hazira, Vizag and Paradip.

INDIAN PORTS REGISTER 3.24PC CARGO GROWTH

Major ports in India handled 326.4 million tonnes of cargo in the April-September period, an increase of 3.24 percent over the 316.1 million tonnes they handled a year ago.

According to the data released by the ministry of shipping, seven out of the 12 major ports in the country recorded traffic growth in the first half of the current fiscal. These included ports in Kolkata, Paradip, Chennai, Cochin, New Managlore, Mumbai and Jawaharlal Nehru Port Trust (JNPT) in Mumbai. Cochin Port registered the highest increase in traffic at 19.62 percent followed by Kolkata, New Managalore and Paradip at 12 percent.

HPCL TO BOOST MUMBAI BUNKER FUEL MARKET SHARE

Indian state-owned Hindustan Petroleum Corporation Limited’s recent delivery of its biggest bunker stem at the port of Mumbai has given the company impetus to increase its market share, company executive Harmukh Meena told S&P Global Platts Monday. The bunker supplier delivered 2,500 mt of intermediate fuel oil 380 CST to the 59,235 dwt Vasco da Gama, one of the world’s biggest dredgers, at Mumbai port on September 29.

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