The Port of Busan has once again solidified its status as one of the most competitive transhipment ports in the world.
Busan Port Authority (BPA) released impressive figures for 2015 showing annual container traffic rose by 4% compared with the previous year. The total throughput for 2015 stands at an impressive 19.4 million TEU with over 52% of the cargo volume transshipments. It seems the trend is set to continue, with forecasts of over 20 million TEU in 2016.
What does the future hold for Busan?
Considering the start of the year has been dominated by reports of doom and gloom in global container shipping the outlook for Busan is welcome news. When you compare the top ten ports in the world seeing only 0.4% increase in volume in 2015 it suggests that Busan’s optimism is not misplaced.
Busan has gone from strength to strength since the launch of the Busan New Port project which it is said to be 60 per cent of the way through. There is also focus on improving customer service as BPA begin to issue bills in English to help raise the efficiency of the port and to appeal to ‘international markets.’
Tuscor Lloyds in Busan
Recently Tuscor Lloyds have been working on a variety of shipments to Busan. The majority of the cargo we move is for clients in the oil and gas industry, with shipments such as oil well equipment often transhipped in Busan and moved onto numerous destinations in Russia.
Take a look at the infographic below for some more information on the 6th busiest port in the world.
If you need more information on shipments to Busan then contact our team:
Call: +44 (0) 161 868 6000
As the first container ships sail into Iran we take a look at what the future could mean for the country’s biggest port, Bandar Abbas.
Since reporting on the lifting of Iranian sanctions and the nuclear deal earlier this year, Tuscor Lloyds have already seen an increase in consignments to Bandar Abbas.
Some of the world’s largest shipping lines have now resumed services to the main Iranian port, and the trend looks set to continue for 2016. Even if certain carriers are not yet calling in Iran, reports suggest they are involved in talks to kick start projects early this year.
The new services offered by major shipping lines have been somewhat inconsistent and it is advisable to use a forwarder who will have a much better understanding of the local situation.
Currently Bandar Abbas is the country’s main port on the Strait of Hormuz. It is the only Iranian port capable of handling larger container ships (over 8,000 TEU).
With carriers set to make stops on some of their biggest trade routes handling capacity may become a problem for Iran, especially as 90% of the country’s imports and exports are carried by sea.
Find some of the key statistics in our infographic below:
The countries strict sanction regime has had a big impact on TEU volumes. According to Bimco, between 2011 and 2015 container traffic dropped from 5million TEU to 2.8 million, and it’s likely to be some time before we see a return to the 2011 figures.
Many carriers are quick to stress they are taking small steps, with some waiting for the sanctions to be officially repealed before reinstating calls to Bandar Abbas. Yet the early indicators are positive for Iran’s reconnection to world trade.
If you need advice or quotations for your shipments to Bandar Abbas
Call: +44 (0) 161 868 6000 or Email: Shipping@tuscorlloyds.com
It seems almost every day another infrastructure project is launching in Africa’s Hinterland. In 2015 we reported on multi million pound West Coast regeneration, but this year even the most landlocked African countries are looking outward to new horizons.
Ports: Cyangugu, Gisenyi, Kibuye
Population: 12 million
Languages: French, Kinyarwanda, English, Kiswahili (Swahili)
Currency: 1 Rwandan franc (RWF) = 100 centimes
Exchange Rate: 1113.35 RWF = £1 Sterling
Time: 2 hours ahead of GMT
Mombasa Kigali Rail Project
New East Africa Railway Map Source: BBCNews.com
Our latest destination focus in Rwanda highlighted a massive rail investment project between the Rwandan capital Kigali and Mombasa, Kenya’s biggest sea port. £8.4 million will be invested in 1824 miles of new railway which is said to be a massive gain for improving economies in central Africa.
Poor road and rail transportation in landlocked African Nations has long been a trade barrier. Statistics reveal it costs around 84% more for landlocked African countries to export their goods compared with coastal countries.
What does this mean for UK exports?
UK exports to Rwanda totalled an impressive £7 million in 2014. According to the World Bank Rwanda was ranked 46th on the ‘ease of doing business index’, making it the 3rd country in Africa after Mauritius and South Africa.
Thinking of Exporting to Rwanda? Take a look at our Rwanda infographic below for some key facts and figures on the country’s economic outlook.
If you need some more information on exports to Rwanda contact our team of specialist shipping agents on Africas.email@example.com.
The Port of Santos is the largest container terminal in South America and new developments plan to expand the handling capacity to 2.4 million TEU by 2019.
The port handled approximately 38% of Brazil’s total container traffic last year, and the new plans show there is no intention of slowing down. $324 million is due to be invested in intermodal integration at the Tecon Santos facility on the left bank of the Port.
The president of Santos Brasil, Carlos Sepúlveda, stated that “With the new investments, Tecon Santos, which is already a benchmark in container handling, will be able to efficiently operate the megaships that will soon be arriving at the port, giving Brazilian importers and exporters more competitiveness.”
The plans involve extending the pier allowing up to 3 x 13,000 teu vessels to berth at the same time. These plans also include dredging to deepen the berths to around 49 feet. The railway sidings will be doubled in length to 800m removing the need for vehicles to cross railway lines and Port Brasil also plan to purchase a wide selection of specialist equipment to handle cargo.
With all the new developments at South America’s largest port, we thought it was the perfect time to bring you some fascinating facts and figures.
Be it LCL, groupage or projects we have fantastic rates and reliable sailings to get your cargo moving.
Africa Container traffic has been growing across all types of cargo. The latest figures available from The World Bank show exactly where the biggest volumes are recorded.
The map shows the difference in annual Container port traffic for each African country. The deeper red shows the most traffic recorded and the lighter shades are the least traffic (TEU 20ft Equivalents).
It is clear that Sub-Saharan Africa has a long way to go to create the kind of volumes seen in Egypt, South Africa and Morocco.
Port Said, alone handled 2.9 million TEU in 2013, around 40% of all Egyptian container traffic and is the busiest port on the continent.
Durban closely followed with 2.6 million capacity and the ports authority have reported an 8.1% increase year on year for bulk and breakbulk volumes. However the future for South Africa is not looking so bright according to Heavy lift & Project Forwarding International Magazine “it seems South Africa’s run of good fortune is over. Mining commodity prices have slowed trade volumes and the country has lost a little of its appeal as other African nations have stepped up to the mark.”
Tanger Morocco takes third place for the busiest African Port with 2.5million TEU in 2013.
With our recent news on the massive investment in a number of Sub Saharan regions, it will be fascinating to see exactly how Africa Container Traffic figures develop over the coming years.
According to the International Trade Administration Sub Saharan Africa (SSA) is one of the fastest growing regions in the world. As UK exports to the region are predicted to flourish over the coming years Tuscor Lloyds have compiled some key facts on up and coming West African Ports.
Our latest infographic shows the massive scale of investment across the West African coastline with businesses, authorities and governments devoting millions to put their port on the global map.
The UK exported around £8.2bn (USD$12.8bn) worth of goods to SSA in 2013.
Barclays Africa Trade Index Report
Barclays annual ‘Africa Trade Index,’ reporting on the opportunities and openness across the African nations, recognises that 5 “sleeping giants” have arisen. Ethiopia, Mozambique, Ghana, DR Congo and Tanzania have all been named as the ones to watch over the next five years with UK businesses potentially tripling their exports.
The positive outlook is also mirrored by the IMF:
“Solid growth will continue in the lion’s share of the region’s countries, driven by sustained infrastructure investment, buoyant services sectors, and strong agricultural production, even as oil-related activities provide less support.”
IMF Regional Economic Outlook Sub Saharan Africa Staying the Course
The issues facing existing infrastructure across the region can at times have an extremely negative impact on the efficient and cost effective transportation of cargo beyond the ports of discharge. So the signs of sustained investments over the next ten years is a positive picture for shippers and forwarders alike.
Are you looking to Africa? If you want to speak to a member of our team of specialists then contact us on +44 (0) 161 868 600 or send any enquiries to firstname.lastname@example.org.