Port of Sines

Downward trend for global bunker prices

At the end of the 19th week of the year, the Marine Bunker Exchange (MABUX) global bunker indices showed a downward trend.

The 380 HSFO index dropped to US$442.47/M, the VLSFO index declined to US$510.88/MT and the MGO index decreased to US$700.99/MT.

“At the time of writing, the market was showing signs of a moderate upward correction,” noted a MABUX official.

The MABUX Global Scrubber Spread (SS)—the price difference between 380 HSFO and VLSFO—continued its moderate decline, dropping by US$4.11...

https://container-news.com/downward-trend-for-global-bunker-prices/

European Ports 2024: Antwerp Narrows Distance to Rotterdam, Piraeus Loses Ground

Rotterdam, Antwerp-Bruges and Hamburg have maintained their dominance in the European port rankings in 2024, despite severe geopolitical instability and security challenges.

The combined container throughput of the top three European Union (EU) ports increased by 4.4% in 2024, rebounding from a sharp 7% decline the previous year, according to Theo Notteboom, a member of PortEconomics, the organization responsible for compiling the rankings.

Among the leading ports, Belgium’s Antwerp-Bruges...

https://container-news.com/european-ports-2024/

Top 10 Container Ports in Europe: Piraeus position at risk

PortEconomics member Theo Notteboom compiled a table showing the year-on-year TEU growth in the top 15 container ports in the European Union during the first six months of the year.

“While 2023 was characterized by a strong to moderate traffic decline in most ports, the first half of 2024 brought double-digit growth in seven of the top 15 ports,” pointed out Notteboom.

As seen in the table, Portugal’s port of Sines, Spain’s ports of Valencia and Barcelona, France’s HAROPA complex, Germany’s...

https://container-news.com/top-10-container-ports-in-europe-piraeus-position-at-risk/

Port of Sines signs green shipping corridor agreement with Brazilian partner

APS – Ports of Sines and the Algarve Authority and CSN – Steelwork National Company (Brazil) signed a Memorandum of Understanding (MoU) on 12 July, within the scope of the European Commission’s Global Gateway initiative.

More specifically, this agreement aims at establishing the scope, rules and guiding principles of the developing joint action in order to establish sustainable, green and digital logistical corridors to support a strategy focused on three essential pillars; logistics resilience,...

https://container-news.com/port-of-sines-signs-green-shipping-corridor-agreement-with-brazilian-partner/

MSC giant boxships continue calling at Port of Sines

MSC Michel Cappellini, one of MSC’s giant container vessels with a box capacity of 24,346 TEUs, called at the Port of Sines’ Container Terminal.

The Portuguese port continues to set records and maintains a regular presence on the route of mega container carriers with capacities exceeding 24,000 TEUs, having received the 24,116 TEU MSC Tessa in April that handled around 4,000 boxes in port.

MSC Tessa has now been surpassed by MSC Michel Cappellini with the handling of around 4,376 containers.

The...

https://container-news.com/msc-giant-boxships-continue-calling-at-port-of-sines/

Rotterdam and Sines ports sign deal to develop green hydrogen maritime corridor

The Memorandum of Understanding (MoU) concerning the project aiming at developing a green hydrogen maritime corridor between Portugal and the Netherlands was signed on 16 December in a ceremony led by Portugal’s minister of infrastructure and housing, Pedro Nuno Santos.

The H2Sines.RDAM Project aims at developing a Green Hydrogen logistic maritime corridor connecting the ports of Sines in Portugal and Rotterdam in the Netherlands.

The project, to be developed by a consortium comprising ENGIE,...

https://container-news.com/rotterdam-and-sines-ports-sign-deal-to-develop-green-hydrogen-maritime-corridor/

Four companies cooperate to test renewable liquid hydrogen supply chain in Europe

Two energy companies Shell New Energies NL BV and ENGIE, the tank storage provider Vopak and the shipping firm Anthony Veder have signed an agreement to study the feasibility of producing, liquifying and transporting green hydrogen from Portugal to the Netherlands, where it will then be stored and distributed for sale.

The vision of the consortium is to produce hydrogen by electrolysis from renewable energy sources in the industrial zone of the port of Sines in Portugal. Then, it will...

https://container-news.com/four-companies-cooperate-to-test-renewable-liquid-hydrogen-supply-chain-in-europe/

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