State-owned port companies investing in projects globally is nothing new. However, the news that the Port of Rotterdam has joined forces with the Brazilian state of Espirito Santo to develop the proposed greenfield Porto Centro, north of Rio de Janeiro is of an entirely different order.
What to make of the news that Eurotunnel wants to purchase a stake in some of France’s channel ports as well as sniffing around the three vessels left tied up by the quaysides of Calais and Dunkirk?
DP World’s latest financial figures demonstrate the just how robust the port industry is when faced with the most severe economic headwinds since globalisation began.
Getting the green light to proceed with its project to build a container terminal at the Costa Rican port of Moin is more than just about being given the rights to build another container terminal – it will also represent a step-change for cargo interests in the region.
The industrial action that has crippled the port of Auckland, New Zealand’s most important entrepôt, serves as a very useful reminder of the power that labour unions continue to have in the world of international shipping.
With all due respect to the good folk of Germany’s newest deepsea container port of Wilhelmshaven, do they really need to be ordering cranes with booms that can reach across 25 rows of containers? It is of course good practice to “future-proof” one’s investments as much as possible, especially given the sort of lifetime that a hard working ship-to-shore gantry crane can be expected to experience, but surely there is a limit.
There is something eerily familiar about the underlying themes that I took away from reading the AP Moller-Maersk Group’s annual results this week. Container shipping in the dumps, while its ports arm is as strong as it ever was – if not stronger indeed.
A few years ago I was editor of the UK-based logistics newspaper International Freighting Weekly during a period – since forgotten during the financial crisis and the ensuing paradigm of cost-consciousness – when carbon footprint reporting became something of a craze.
One of the more absorbing long running stories in the port sector is the development of India’s container terminal capacity.
There are almost two years to go before London Gateway opens, but already the marketing execs are out amongst potential customers talking up their respective ports.