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What's happening in Mediterranean & Africa
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Africa remains a high growth area for port development,
says Drewry |
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AFRICAN container port investment continues to be a growth area in contrast to a mature US and Western European markets, due to rising demand for finished goods and comparatively low levels of containerisation, says latest report from Drewry Maritime Research.
North Africa container traffic 13 per cent with an 11 per cent overall growth in the continent's ports. North Africa was able to cash in on its geographical location between Asia and Europe. In total its container handling capacity was up to an estimated 37 million TEU during 2012.
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Drewry: Chinese terminal operators invest overseas to
diversify risk
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THE Greek Port of Piraeus recently held an opening ceremony of its new facility Pier 3, run by Chinese shipping conglomerate Cosco, Xinhua reports.
Officiating was Cosco Group's CEO Wei Jiafu's last ceremonial acts, before he stepped down a few days ago from the post.
Phase one of Pier 3, occupying 120,000 square metres, has a quay length of 450 metres and is equipped with five double-container overhead cranes and six rail-mounted gantries. It is able to handle 700,000 TEU a year and can accommodate 18,000-TEU ships, the biggest afloat today....
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Drewry sees Asia-Mediterranean trade decline as a
worldwide trend |
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APART from hanging onto the westbound rate increase obtained in December, ocean carriers operating between Asia and the Mediterranean achieved little in the first quarter of the year and this may only be the lull before the storm, according to Drewry Maritime Research.
Ocean carriers continued to suffer from lack of cargo growth in the tradelane between Asia and the Mediterranean during the first three months of the year with westbound cargo remaining flat.
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West-east Med-North America box route May traffic up,
but capacity slips
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WESTBOUND Mediterranean-North America container traffic in May climbed up to 105,000 TEU, slightly up from April's 103,000 TEU, but not enough to top March's total of 111,000 TEU, according to Drewry, the London shipping consultants.
Within the May total, 78,000 TEU was transported to the US, driven by the traditional demand for goods from Southern Europe, followed by 15,000 TEU to Canada, and Mexican volumes accounted for 11,000 TEU.
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If Suez shuts down, we have capacity, speed to cope via
Cape: Drewry |
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TODAY's overcapacity and slow steaming means that that if the Suez Canal were to be shut down due to political strife, surplus tonnage and extra speed is available to cope via the Cape of Good Hope without great disruption.
According to a Drewry Maritime Research study, there is enough spare vessel capacity to absorb most of the shock of sailing from the Far East to Europe via South Africa "simply by increasing vessel speeds" and the overall disruption "would not be very painful".
Said Drewry analysts: "All eyes are watching the deteriorating political situation in Egypt. Recent riots were, arguably too close for comfort for those dependent on the Suez Canal."…
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August
Issue - China Trade
Is there more to the 'Big 3' alliance than meets the eye?
>More
How Carrefour's China sourcing paid off
>More
MSC's move to all in rates an ominous sign for carriers?
>More
It pays to be big in container shipping these days>More
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July
Issue - Europe Trade
Information overload leaves industry confused about outlook
>More
Record-high delivery of boxships in 2013, but fleet growth may be
marginal
>More
East-West rates sharp slump reveals rising volatility in
container
shipping
>More
The covert consolidation of the container shipping industry >More
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June
Issue - U.S. Trade
US economic outlook - is the glass half full or half empty?
>More
The 'new normal' in a post-financial crisis world
>More
Keeping an eye on supply in 2013
>More
Where to now for China as low-value goods manufacturing
reaches
plateau >More
Global shipper highlights the need for carriers to focus on
service and not price >More
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May
Issue - Mediterranean & Africa Trade
Bleak outlook for Asia-Med in 2013, but big ships may
prove key to
optimism
>More
Trade profile: The Red Sea (An Overview)
>More
Weak Asia-Med volumes not enough to dampen
Barcelona's spirit
>More
Volatility to persist for Asia-Europe and Med rates in 2013 >More
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April
Issue - Intra Asia Trade
Up and coming Cambodia to play growing role in
Intra-Asia trade
>More
Thai authorities to invest hopes on Laem Chabang port
>More
Cabotage: a formidable barrier to world trade growth, says
World
Economic Forum
>More
Cheap Malaysian bunker fuel lures carriers away from
Singapore >More
Global container trade growth for 2013 revised down as
market mood
darkens >More
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March
Issue - China Trade
Shipyard capacity could be slashed by 40pc and still meet demand
>More
How Carrefour's China sourcing paid off
>More
Big ships do shippers no favours: fewer calls, slow transits, high
inventory costs
>More
Early forecast points to stronger 2013 after
disappointing 2012 >More
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February
Issue - Europe Trade
Will a merger between Germany's two premier
container carriers materialise? >More
High hopes for Wilhelmshaven terminal amidst
Europe gloom >More
Weak Asia-Med volumes not enough to dampen
Barcelona's spirit
>More
Go big or go home: Smaller carriers' days on
Asia-Europe trade are
numbered
>More
The challenges of creating stability in a naturally
unstable market
>More
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January
Issue - U.S. Trade
Shippers and carriers realise the benefits of shipping
through Houston
>More
US data offers confusion about economic outlook for
shipping's number
one customer
>More
Port of Portland set to take advantage of changing
global economic climate
>More
Ports must view market as a marathon, not a
100-metre sprint, says Long
Beach
>More
Is the sunset of panamax vessels close at hand?>More
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December
Issue - Intra Asia Trade
No luck for PSA in Indian Subcontinent as terminal operator looks to homeward expansion
>More
How much has changed in the liner landscape in 2012
>More
Trade profile: Southeast Asia (Overview)
>More
Myanmar calling: shipping lines set sights on new opportunity
>More
What will be the fate of Malaysia's Penang Port? >More
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