Labor Strike Planned in India
Dockworkers are planning to strike at India’s busiest ports on August 18, 2017, protesting the Major Ports Authority Bill 2016. The ports targeted include Kolkata, Paradip, Visakhapatnam, Chennai, Tuticorin, Cochin, New Mangalore, Mumbai, Jawaharlal Nehru Port Trust, Kandla and Marmugao. This may cause operational delays.
Panama Canal New Discounts
The Panama Canal will be implementing poll discounts in October to ships making a return trip through the canal within 28 days. These discounts are a tactic to attract customers and compete with their competitor, the Suez Canal. The canal will implement incentives such as frequent customers will receive premium prices once a particular TEU volume is reached. To read more, click here.
Chinese Company Will Supply Cranes to Chabahar
Chittagong Floating Terminal
A proposition for a floating terminal at Chittagong terminal has been approved by the Bangladesh government as a form of relief for the ongoing Chittagong congestion. The Port of Chittagong has experienced serious congestion over the last few months as a result to weather issues and other issues, which has led to considerable delays for all vessels. The floating terminal will act as a “cargo hub” for import and export shipments that will be transferred between larger container ships and feeder vessels.
Shanghai Titled as Busiest Port in the World in 2016
For the 7th year in the row, Shanghai has been named as the busiest container port in the world. Shanghai handed over 30 million TEUs, 37.13 million to be exact. Over the past year, Shanghai’s operations have been booming in revenue and traffic.