Sunday 26th June 2016 saw thousands of people line the new Cocoli locks welcoming the first vessel to pass through the newly expanded Panama Canal.
The massive construction project has been notoriously delayed with the total renovations taking nine years and costing US$5.2billion.
The Panama Canal expansion project has doubled the waterways capacity creating a new set of locks (now 3 in total) that facilitates the expanding trade between North America and the Far East. The deeper, wider channel can now accommodate post panamax vessels of 13,000-14,000 TEU adding a new lane of shipping traffic.
Two boats on the Panama Canal
“This new transit route is the tip of the iceberg in making Panama once again the logistic centre of the Americas,” Jorge Luis Quijano, canal administrator, said on Sunday. “And it represents a significant opportunity for the countries of the region to improve their infrastructure [and] increase their exports.” Quoted in The Guardian.
Despite the uncertainty facing the global shipping industry around 170 ships have already registered to use the canal over the coming months. The Panama Canal authority are positive the project will have enormous benefits for local and global trade.
There are already optimistic plans for further expansions. A fourth set of locks have been discussed to attract even bigger ships that are currently only able to pass through the Suez, heightening Panama’s position as a major competitor to Egypt’s formidable gateway.
If you need more information on our new routing’s through the Panama Canal please contact our team here at Tuscor Lloyds: firstname.lastname@example.org | +44 (0) 161 868 6000
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Many of our customers will know that we love using creativity to solve project cargo problems and so this year’s Breakbulk Europe 2016 exhibition is a chance for Tuscor Lloyds to showcase our creative nature.
What is Breakbulk Europe?
Breakbulk Europe is the largest Breakbulk exhibition & educational forum in Europe, supporting conventional Breakbulk and project cargo specialists.
The trade show offers the chance to meet like-minded professionals and build strong relationships within the Breakbulk cargo industry.
What can you expect from Tuscor Lloyds?
Last year Tuscor Lloyds hosted an afternoon tea party event that was a great success for the team. Treating our European friends to a lovely slice of cake and English tea. Take a look at just some of the images from our stand here.
We have a hard-won reputation for integrity and excellence within the projects and Breakbulk industry. Our team provides services for moving cargoes of all descriptions in some of the world’s most inaccessible destinations project task tracking software.
With a global network of over 200 partners and agents, we offer to our customers a large choice of transportation options at extremely competitive rates. Our ability to move a wide variety of cargo from container loads to complex multimodal projects makes Tuscor Lloyds the right partner to piece together any shipment.
So as we use creativity to solve problems we want visitors to our stand to unleash their creative side and colour their journey with Tuscor Lloyds. With some fantastic give-aways and a few surprises in store, be sure to stop by our stand in Hall 4!
It has been confirmed that a strike by workers at the Port of Grangemouth will go ahead from midnight tonight 14th March 2016.
The dispute over new rotas impacting night shifts and compulsory weekend work has resulted in a two week walk out, with all but 2 of the 75 Port operatives voting for action.
Aerial View of the Port of Grangemouth via forthports.co.uk
A spokeswoman for Forth Ports insists the changes are in line with customer needs, as vessels will continue to call at the port seven days a week.
Grangemouth is responsible for the majority of Scotland’s imports and exports, handling over 150,000 containers a year. Given these statistics the strike could affect around 5770 containers over the two week period.
The Daily Record reported that hauliers have openly expressed their concern,
“People maybe don’t realise how much comes through Grangemouth – but it is a massive part of the Scottish economy. We’re talking whisky, oil products, foodstuff – it all comes in through Grangemouth.
If it closes then you could be looking at all of Scotland’s imports and exports having to come in and go out from other ports – maybe even as far away as Hull.”
If you need more information on alternative routings and transportation options then please contact our team today. Email email@example.com or call us on +44 (0) 161 868 6000.
The Kamarajar Port at Ennore is located on the Eastern coast of India in the state of Tamil Nadu, around 30km north of Chennai. Investments of up to 1.2 Billion dollars are planned to double handling capacity over the next 3 years.
The projects range from the development of a 1.4 million teu container terminal to an 18 metre draught facilitating Capesize vessels. The investments at Kamarajar hope to challenge neighbouring ports located on the eastern coast such as Chennai and Krishnapatnam.
In 2015 the Kamarajar port handled 30.25 million tonnes of cargo, an increase of 10.66% compared with the previous year. The main cargo is coal, with thermal coal accounting for around 80% of the total tonnage.
Kamarajar is one of 12 government owned in India and unlike its counterparts, it is run as a company, rather than a trust, which means the port sets its own rates and can always maintain an element of freedom.
This has resulted in the port attracting the growing domestic auto industry in India which now represents the 5th largest auto industry in the world. With neighbouring Chennai home to major car manufacturers like BMW, Ford and Hyundai, Kamarajar intends to become a new hub for automotive exports.
If you need more information on shipping services to India then contact our team today +44 (0) 161 868 6000 / firstname.lastname@example.org. Or alternatively take a look at some of our latest news & information on the maritime sector in India.
Reports of a new mega alliance have emerged this week between CMA CGM & Cosco, as well as the inclusion of Evergreen and OOCL.
The carriers are set on creating a new East –West partnership to challenge the current dominance held by the 2M Alliance between Maersk and MSC.French consultancy firm Alphaliner released news that a “new mega alliance appears to be in the making.”
Although no formal announcements have been made by the lines CMA CGM Vice Chairman Rodolphe Saade has confirmed talks are taking place between the company and the new China Shipping Group.
Problems with existing alliances?
The four carriers making up the proposed CCEO (CMA CGM, Cosco, Evergreen and OOCL) are clearly concerned with their existing alliances with more vulnerable counterparts struggling from financial difficulties.
CMA CGM have already vocalised their plans to remove APL from the G6 alliance after completing the acquisition of the Singapore based carrier this year.
Similarly Cosco’s merger with China Shipping Container Lines (CSCL) is set to complete at the end of this month. The merger creates the world’s largest shipping company by ship value.
As the two Chinese lines are currently involved in separate alliances (Ocean Three and CKYKHE) it seems only right that the new look carrier is looking to amalgamate operations under one streamlined mega alliance to compete with the 2M dominance.
The Indian ministry of shipping has plans to encourage investments in the shipping sector, kick-started by a summit in Mumbai this year.
With over 7,500km of Indian coastline and government budgets for 2016-2017 including around $4.7 billion for four new key ports, it is clear the maritime sector is set on future growth. Overall cargo traffic in India was recorded at 1052 million tonnes in 2015 and is expected to climb to 1,758 million by 2017.
The Ports of India
Although there are around 200 ports in India, the 12 major ports in India are identified as Kolkata, Paradip, Visakhapatnam, Kamarajar (Ennore), Chennai, VO Chidam baranar (Tuticorin), Cochin, New Mangalore, Mormugao, Mumbai, Jawaharlal Nehru Port Trust (JNPT) and Kandla. These ports are due to receive around $10.5 billion dollars in the next five years under the Sagarmala initiative to help improve port infrastructure.
And it’s not just the government actively championing improvements to the maritime sector in India. Jawaharlal Nehru stands as the largest container terminal in the country and the Port Trust have recently introduced a new system to enable importers to clear cargo through customs more efficiently.
Automotive Shipping in India
Another initiative has seen a shift to using sea transport for the growing auto industry. Hyundai Motor Company have begun to use Ro-Ro Vessels to transport its cars via sea for the domestic market in India. Last week APM Terminals Pipavav welcomed its first domestic Ro-ro Shipment. The Hoegh Antwerp vessel carried 800 cars from Hyundai manufacturing hub Chennai.
The initiative has been as a result of the government’s relaxed cabotage regulations helping foreign companies save on transshipment costs as well as reducing carbon footprint. Surprisingly around 60 per cent of India’s exports and imports are transshipped via Singapore and Colombo, adding extra costs and transit times for the lines.
With the launch of our renewed services to India, we have created a special Port Focus infographic looking at the future investment planned for the Ports of India.
If you need expert shipping advice in India then contact Tuscor Lloyds