• 2018 February 9 18:24

    ICTSI Basra leads in Iraq port investment

    International Container Terminal Services, Inc. (ICTSI) continues its pioneering work in Iraq’s port sector with its second phase investment in new container terminal infrastructure well underway at its Basra Gateway Terminal (BGT) at the Port of Umm Qasr, ICTSI said in a press release.

    ICTSI is unique in demonstrating its commitment to the Iraqi ports sector via large scale investment in new terminal infrastructure and container handling systems. On completion of the current second phase expansion scheme, ICTSI will have invested in excess of USD250 million, the lion’s share of which is for a new berth, yard construction, and state-of-the-art handling equipment.

    The phase two expansion, to be completed in stages by Q3 2019, will deliver 400 meters of new quay with a draft of 14 meters, alongside a new 30-hectare yard area and a 15-hectare secure parking area.

    Three post-Panamax ship-to-shore cranes would likewise be installed along the quay, and seven rubber tired gantries (RTG) will provide state-of-the-art stacking and handling power in the yard area. The overall design provides for handling container vessels of up to 9,000 TEU capacity. Upon completion of the second phase, BGT will have an annual handling capacity of over one million TEUs.

    The second phase development was triggered by strong demand, a reflection of the high service levels and modern facilities offered by BGT to shipping lines and cargo owners.

    Underlining BGT’s ongoing commitment to maintaining high service levels, the latest round of development also includes the acquisition of a cutter suction dredger with the dual objective of ensuring strict adherence to the construction schedule and maintaining draft alongside the terminal’s new and existing births.

    “We are listening to our customers and are proactively meeting their needs,” says Phillip Marsham, BGT executive officer.

    “The second phase expansion will not only allow us to respond immediately to scale needs, but also deliver added flexibility to the whole container handling operation with diverse benefits flowing to our customers,” he adds.

    In Q1 2017, BGT completed the first phase of its terminal greenfield project, which included the construction of a new 250-meter berth and a 15-hectare yard area.

    Last year also saw BGT’s expansion of its service portfolio with the development of quay and yard areas configured for the safe and efficient handling of oil and gas project cargoes, allowing BGT to establish successful partnerships with the oil and gas industry.

    Operations at Berth 21 likewise commenced in January 2018, introducing a dedicated roll-on, roll-off (ro-ro) facility, where international standard operational practices remain.

    “Our commitment to helping Iraq develop international standard port infrastructure continues to expand,” says Hans-Ole Madsen, ICTSI senior vice president and regional head of Europe, Middle East, and Africa.

    “We invested for the long term in fixed infrastructure since day one. We continue to receive strong and most encouraging assistance from the General Company for Ports in Iraq and other government bodies in this respect. We are confident that we can continue to build on this productive partnership to the benefit of port users and the country as a whole,” Madsen underlined.

    ICTSI’s USD250 million investment in BGT will progressively deliver world-class multipurpose cargo handling facilities and unparalleled efficiencies to the Port of Umm Qasr, including the capability to service larger, new generation box ships.

    The implementation of the second phase expansion works at ICTSI’s Basra Gateway Terminal is well advanced, taking ICTSI’s investment in the Port of Umm Qasr in excess of USD250 million.

    About BGT
    In 2014, ICTSI signed a contract with the General Company for Ports in Iraq to manage, operate and rehabilitate terminal facilities in North Port Umm Qasr, Iraq and to develop and expand container handling capacity via new infrastructure development. ICTSI has progressively built on this initial commitment.

    About ICTSI
    Headquartered and established in 1988 in Manila, Philippines, International Container Terminal Services, Inc. (ICTSI) is in the business of port development, management and operations. As an independent business with no shipping, logistics or consignee-related interests, ICTSI works and transacts transparently with any stakeholder in the port community. ICTSI’s portfolio of terminals and projects spans developed and emerging market economies in the Asia Pacific, the Americas, and Europe, the Middle East and Africa. ICTSI has received global acclaim for its public-private partnerships with governments divesting of their port assets to the private sector.




2018 August 17

20:03 A system of floating containment booms installed near two jetties of Petersburg Oil Terminal
18:26 Krasnoye Sormovo Shipyard launches Pola Feodosia, forth of RSD59 dry cargo vessel series
17:54 Primorsk Oil Terminal’s throughput in Jan-Jul falls 12% to 31.38 million tonnes
17:51 Nevsky Shipyard continues testing of unique replenishment system
17:08 Marine Robotics: Laws, Applications, Technologies roundtable registration underway in Moscow and Vladivostok
17:03 Port of Vysotsk volume in Jan-Jul down to 10.45 million tonnes
16:27 Port of Ust-Luga throughput in Jan-Jul down 4% to 56.27 million tonnes (details)
16:04 Western Bulk publishes First half 2018 results
15:53 Port of St. Petersburg seven-month volumes grow 13% to 34.39 million tonnes (details)
15:34 Stena Blue Sky delivers the first LNG cargo at energy giant ENN's new terminal in China
15:03 ANL announces FAK rates from North Europe and Mediterranean to Australia
14:33 A.P. Møller - Mærsk A/S delivers revenue growth in the second quarter of 2018
14:03 Third railway track put into operation in Port Bronka
13:58 Nevsky Shipyard wins contract for Arc4 passenger/freight vessel duo to be deployed on Sakhalin-Kurils route
13:51 Samsung Heavy Industries wins two eco-friendly LNG carriers
13:21 TORM posts H1 2018 interim results
13:04 A.P. Møller - Mærsk A/S to pursue a separate listing of Maersk Drilling
12:30 Hapag-Lloyd invests in growing East African market
12:07 Port of Oakland gives $70,000 to develop eco-jobs workforce
11:07 Hapag-Lloyd announces rates for Far East Westbound East Asia (including Japan) to North Europe and Mediterranean
10:45 Crude oil futures price edges down to $71.38 in London, in New York to $65.44
10:07 Latest Sanmar tugboat under trials
10:02 Gazprom Neft 1H 2018 net profit soars 1.5-fold
09:41 Baltic Dry Index adds 2 pts to 1727 points
09:37 Diana Shipping announces time charter contract for m/v Coronis
09:32 Port of St. Petersburg bunker prices close the week on a down note
09:06 Gulftainer invests AED11 mln in road extension
08:27 CMA CGM implements new FAK rates from North Europe and Mediterranean to Australia

2018 August 16

18:45 Kalashnikov Concern’s Vympel Shipyard lays keel for freezer trawler of Project T30
18:06 Port of Dover awarded contract to Solent Marine Ltd to design and fit-out Dover's new marina
17:32 Maersk Line announces rates from Far East Asia to West Africa
17:06 Hapag-Lloyd increases reefer fleet by 11,100 containers
16:56 DFDS orders additional freight ferry (ro-ro) newbuilding from the Chinese Jinling Shipyard
16:52 Sovcomflot’s shuttle tanker Governor Farkhutdinov ships 600th crude oil cargo for Sakhalin-2
16:03 CMA CGM announces GRR from Asia to Mozambique
15:47 Taganrog Sea Commercial Port's H1 2018 employee benefits and rewards programme totals RUB 2.2 million
15:31 Melbourne port operator ICTSI may be investigated by State and Federal authorities
15:09 Bunker prices at Far Eastern ports remain flat
14:33 CMA CGM announces GRR from Asia to Indian Ocean
14:27 MABUX: Bunker prices may change irregular next week
14:13 Maersk Line announces rates from Far East to North Europe
13:42 First ever S-T-S loading of 70000dwt Panamax coal carrier performed at Shakhtersk harbour transshipment location in Sakhalin
13:32 More investment contracts at the Port of Gdansk
13:02 Wärtsilä equipped Canadian ferry will have minimal environmental impact
12:16 Damen Shipyards Galati celebrates 125 years
12:09 Okskaya Sudoverf Shipyard launches 6th serial barge of Project ROB20
12:03 Boskalis presents half-year results and terminates loss-making low-end transport activities
11:59 Port of Oakland container volume up 3.6 percent in July 2018
11:45 Rolls-Royce launches new battery system for ships
10:58 DP World revenue up 14.4% in H1 2018
10:57 VARD secures contract for one autonomous and electric-driven container vessel for YARA
09:39 EU NAVFOR mission operation commander visits Spanish MPRA in Djibouti
09:21 Baltic Dry Index gains to 1725 points

2018 August 15

18:33 Equinor extends partnership with The Arctic Race of Norway
17:56 Port Kavkaz seven-month volumes soar 30% Y/Y to 25.21 million tonnes
17:36 Russian Gov't to allocate RUB 500 million in subsidies to support small-tonnage fishing ships construction, Rosrybolovstvo says
17:34 Maersk Line to rise rates from Far East to East Coast South America
17:30 Yang Ming orders ten 2,800 TEU containerships
17:19 Nor-Shipping 2019 takes place in Oslo and Lillestrøm, Norway, from 04 to 07 June 2019
16:05 New Times Shipbuilding announces delivery of oil tanker