Pacific Tycoon
Blog / May 2012
As the world’s 8th-largest container shipping company, China Shipping Container Line Company will soon expand it’s reach by commencing new operations to the US Gulf Coast and Florida. China Shipping has arranged a charter slot for itself on French shipping line CMA-CGM’s weekly Pacific Express 3 that ports at APM Terminals Mobile (Alabama), APM Terminals [...]
According to a study released by Zepol Corporation, over 1.52 million twenty-foot equivalent units (TEUs) were imported into U.S. ports this April, a 7.2% jump from April, 2011. Compared to the roughly 1.4 million TEUs imported in March of this year, April’s total was a 9.2% increase. China exports to the U.S. in April rose [...]
A news release from Abu Dhabi Terminals (ADT) official website shows that cargo handling has increased across the board at the Mina Zayed Port during Quarter 1. The largest port in Abu Dhabi showed strong growth across the container, general cargo & bulk, and vehicular sectors. The number of containers handled in the first quarter [...]
Despite commencing operations only five years ago, Abu Dhabi Terminals (ADT) has unequivocally staked its claim as a formidable foe in the Middle Eastern shipping container industry. In 2011, ADT handled a total of 767,713 twenty-foot equivalent units (TEUs), which accounts to a remarkable growth of 47% from 2010’s total volume. ADT currently operates [...]
China Shipping Container Lines’ (CSCL) new mammoth vessel, the MV CSCL Uranus, arrived at the Jebel Ali Port, just outside of Dubai, last month for the first time. The MV CSCL Uranus, with a cargo capacity of 14,000 twenty-foot equivalent units (TEUs), links the Asia/Pacific region to the Middle East. The Jebel Ali Port, which [...]
Dubai-based marine terminal operator, DP World Limited, has announced that its global terminals have seen a 9.5% increase in gross container volume in the first quarter of 2012. In the first three months of this year, DP World has already handled 13.8 million twenty-foot equivalent units (TEUs). DP World’s strong first quarter showing was due [...]
The Selig Center for Economic Growth at the University of Georgia’s Terry College of Business recently released a study titled, “The Economic Impact of Georgia’s Deepwater Ports.” In the study, it is shown that in the 2011 fiscal year, the state’s ports supported a total of 352,146 jobs, which is significantly higher than the roughly [...]
In the first quarter of 2012, the Port of Hamburg handled 2.2 million twenty-foot equivalent units (TEUs), a 5.2% increase from the first quarter last year. A total of 32.6 million tons of cargo passed through the port during Quarter 1, amounting to a 3.8% growth from the same time the previous year. Claudia Roller, [...]
Despite the prospect of further turmoil, oil & gas and global financial markets in West Asian economies should see another year of solid growth in 2012. Real GDP growth reached 4.6% in 2011, compared to oil & gas which saw an increase of 7.9%. Oil & gas markets are assumed to remain solid, while further [...]
A new direct service that connects India to the Middle East has recently commenced. The Balaji Shipping Lines (BSL) service from Mundra (India) to the Port of Sohar (Oman) also has stops at Dammam (Saudi Arabia) and Jebel Ali (UAE), in addition to Karachi and North Indian ICD. The Port of Sohar, which is located [...]
