Embattled billionaire Gautam Adani pulled out of a loan deal with an American agency to fund a port terminal in Sri Lanka’s capital, ending an agreement hailed a year ago as an effort by India and the US to counter China’s growing influence in the region.
https://gcaptain.com/billionaire-adani-ends-us-tie-up-on-colombo-port-meant-to-counter-china/
Cargo owners at India’s hinterland points of Chennai and Kolkata are rerouting more shipments to JNPT (Nhava Sheva) or Mundra instead of feedering to hub or intermediate ports in South Asia for mainline, long-haul connectivity.
These are usually Colombo (Sri Lanka), Singapore and Port Klang (Malaysia) .
What became the driving force in helping shippers alter their long-time supply chain pursuits away from transhipment is the introduction of block-train services by major …
The post Indian...
https://theloadstar.com/indian-shippers-re-route-more-transhipment-cargo-to-nhava-sheva-and-mundra/
The Indian Navy has deployed the hydrographic survey vessel INS Sarvekshak to Colombo in Sri Lanka to help assess the condition of the seabed in the capital city’s ..
Statement on X-Press Pearl incident by Kitack Lim, Secretary-General, IMO
On 07 June, 2021, IMO Secretary-General Kitack Lim issued the following statement:
“I express my deep concern to all impacted by the incident involving the container vessel X-PRESS PEARL, which caught fire whilst at anchor near Colombo, Sri Lanka in May.
I wholeheartedly appreciate the efforts of the Sri Lankan and Indian authorities, for their successful rescue of the crew, bringing them to safety. I also thank the salvors...
https://mfame.guru/call-for-utmost-care-while-handling-dangerous-cargoes/
It has been an avalanche of M&A – in the fullest sense of the term – for listed Indian port operator Adani Ports & Special Economic Zones (APSEZ, to give it its full name) in recent months.
It may have gone largely unnoticed outside India, but amongst traders at the Bombay Stock Exchange, where it...
https://theloadstar.com/ma-radar-adanis-indian-empire-swells-as-trouble-looms-abroad/
Preliminary port throughput data for the world’s largest 25 container ports has been published by Alphaliner this week.
The headline is that 13 of the top 25 saw growth, and 12 saw box volumes shrink – we should be wary of extrapolating this to the wider port market however, as it is still unclear whether their gains are the result of market growth or more simply the result of smaller ports’ losses (check Dalian below).
Some quay points
Chinese ports consolidated their position in the …
The...
https://theloadstar.com/snapshot-port-volumes-as-muddy-as-hell/
More than one in three containers shipped globally in December were rolled-over at transhipment hubs, according to new research from data tracking firm Ocean Insights.
Its monthly analysis of container rollovers at the top 20 global ports revealed that the global average had increased to 37% last month, with some hubs seeing far higher numbers.
“Of the 20 global ports for which Ocean Insights collates data, 75% saw an increase in rollover …
The post Major ports and carriers report large...
https://theloadstar.com/major-ports-and-carriers-report-large-increases-in-container-rollovers/
India has offered Bangladesh shippers the use of its seaports for export and import trade to third countries.
The offer came during a virtual meeting last week between the prime ministers of the two countries, as the regional transhipment hub ports of Singapore, Colombo and Port Klang, with limited manpower during the pandemic and facing severe congestion, are struggling to handle containers.
“We have offered the use of our seaports to Bangladesh for …
A backlog of 50,000 teu at the port of Colombo is causing chaos for South Asian transhipment cargo.
The capital of Sri Lanka has been under a Covid-lockdown for the past couple of weeks, while a labour shortage at the city’s container terminals has caused congestion since early October.
Now the bottleneck is impacting supply chains in neighbouring India and Bangladesh.
Rohan Masakorala, chief executive of Shippers’ Academy Colombo, said the port of …
The post Colombo port congestion: 50,000 teu...
https://theloadstar.com/colombo-port-congestion-50000-teu-logjam-drives-delays-and-rate-hikes/