Market Intelligence Market Intelligence

Nor t h America

* Softened consumer spending, increased prices driven by inflation and a shift in trade routes contributed to a dip in shipments moving through the Por t of Long Beach in Januar y. The facility processed 573,772 TEUs, down 28 4% from Januar y 2022, which was the por t’s busiest Januar y on record Impor ts decreased 32.3% to 263,394 TEUs and expor ts declined 14 2% to 105,623 TEUs Empty containers moving through the por t were down 29% to 204,755 TEUs “We are taking aggressive steps to meet a new set of challenges for the new year, ” said Por t of Long Beach Executive Director Mario Cordero “I remain optimistic that we will recapture market share and develop projects that will enhance our long-term growth, sustainable operations and the reliable movement of goods through the Por t of Long Beach ”

* Por ts of Indiana has named Jody Peacock as the new CEO Peacock has ser ved in various leadership positions for the Por ts of Indiana since 2001, and is moving up from the position of Senior Vice President for Business Development. Peacock’s experience with the Por ts of Indiana spans over 22 years, where he has led business development effor ts to attract millions of dollars in private investment to Indiana’s por ts, expand the state’s foreign-trade zone and financing programmes, and secure multiple federal grants for new infrastructure projects.

* The Por t of Montreal has earmarked more than C A$335 million ($247 million) in its new five-year investment plan for its infrastructure on the island of Montreal

The por t is aiming to invest massively in its infrastructure on the island which extends over 26 kilometres between Cité-du-Havre and the east of the island, as the por t approaches its full container handling capacity

These investments are intended to pursue four main objectives: develop and sustain por t infrastructure to accommodate the growth of trade; strengthen, optimise , and streamline the supply chain of Greater Montreal; accelerate the decarbonisation of por t activities and the energ y transition; and improve the city-por t interface Projects include the optimisation of rail capacity, with the addition of 6-kilometer tracks to improve the fluidity of rail transport and storage space , and the modernisation of whar ves to accommodate ships in complete safety.

* The Por t of Savannah’s loaded container expor ts grew by 21 percent in Januar y The nation’s busiest por t for US goods handled 110,305 TEUs of expor ts, an increase of 19,419 TEUs “We’re excited to suppor t a strong month for American farms and factories at the Por t of Savannah,” said Griff Lynch, Executive Director of the Georgia Por ts Authority “We achieved par ticularly robust growth last month in expor t trade lanes to Europe and the Mediterranean ” Compared to pre-pandemic numbers, the Por t of Savannah’s Januar y trade of 421,714 TEUs in total cargo showed 11 7 percent improvement over Januar y 2020, in which GPA handled 377,671 TEUs.

* The Por t of Virginia is posting its most productive year on record having processed more than 3 7 million TEUs in 2022, an increase of 5.1%. “We made real progress in 2022 and it was another ver y solid year for volumes,” said Stephen Edwards, CEO and Executive Director of the Virginia Por t Authority.

“Our ser vice and performance levels continue to improve and each quar ter our truck, chassis, rail and vessel performance metrics advanced.” The por t achieved three of its top four months for container volume in 2022, with trade volumes peaking in May at an all-time high of 341,611 TEUs The por t’s focus on its sustainability programme and becoming a net-zero carbon emissions operation by 2040 also advanced New capital projects using electric equipment coupled with power purchase agreements from exclusively clean energ y production has the por t on track - and in some areas ahead of schedule - to meet is 2040 goal.

Sout h America

* As par t of its strategic objective of global representation and to develop oppor tunities in Argentina, The Bahamas Maritime Authority (BMA) has signed a Memorandum of Understanding (MoU) with Argenmar SA, an independent shipping group established in Argentina in 1992 that provides specialised shipping and logistics ser vices in Argentina and Latin America The MoU relates to future business oppor tunities within the Argentine maritime sector and the broader Latin America region. Argentina, which is a member of the Acuerdo Latinoamerico Vina del Mar MoU on por t state control within Latin America, had over 10,000 ships calling at its por ts and operating within the River Plate region in 2021 This figure , which includes Bahamas flagged ships, covers a wide diversity of ships ranging from oil, container, bulk, passenger and general cargo vessels When combined with maritime traffic through the Hidrovias Waterway, this results in more than 100,000 tons of cargo movement annually The MoU was signed during a meeting held in Argentina in conjunction with the VII Community of Latin American and Caribbean states (CELAC)

* In Q3 2022, two port operating companies in Guyana - Muneshwers Ltd and John Fernandes Ltd - made a joint order for two Generation 6 Konecranes Gottwald mobile harbour cranes to build up cargo handling terminals in the capital Georgetown When the cranes arrive in Q2 2023 they will be the ver y first mobile harbour cranes in Guyana, and Konecranes Gottwald MHCs will be present in all coastal states of South America The two Generation 6 cranes have a working radius of 49m and a capacity of 125 tonnes to ser ve container ships up to Panamax class They will be used for container handling mainly, but their flexibility allows them to handle general cargo when needed

* ZIM Integrated Shipping Ser vices Ltd has announced the launch of ZIM Colibri Xpress (ZCX) - a new premium line from South America West Coast to US East Coast, commencing on the coming weeks from Chile. ZCX will operate on the following rotation: San Antonio (Chile), Callao (Peru), Guayaquil (Ecuador) – Car tagena (Colombia) –Kingston (Jamaica) – Philadelphia - Miami, Kingston (Jamaica) - Buenaventura (Colombia – Guayaquil (Ecuador) – Callao (Peru) - San Antonio (Chile). ZCX will offer a superior competitive ser vice for refrigerated cargo from Chile , Ecuador, Peru and Colombia, with the fastest transit time to Philadelphia - as a first por t of call in the US East coast - and competitive transit time to additional US ports ZIM Colibri Xpress (ZCX), operated independently by ZIM, will deploy 6 x 1700-TEU vessels on a weekly ser vice with increased capacity for reefers It will offer excellent connection between the por ts of West Coast of South America and the US East Coast with ver y shor t transit time between major por ts in the region.

Europe

* Logistics ser vice provider, Schweizerzug, has started a direct train connection between Basel, Zürich and Rotterdam The 650-meter shuttle operates on this route three times a week and has a capacity of 96 TEUs.Matthijs van Doorn, Commercial Director at the Por t of Rotterdam Authority, said: “ We are ver y pleased with the decision of Swissterminal and DP World to launch this direct rail ser vice , which will fur ther enhance the ties between Switzerland and the Netherlands Supply chains have been under tremendous pressure in the past few years This supplementar y ser vice will make them more resilient, and it is a great additional option for clients.”

* Kalmar, par t of Cargotec , has secured a large order to supply PSA Italy with a total of eight Kalmar Eco reachstackers for deployment at its Genova Pra’ and SECH container terminals The order was booked in Q1 2023 and the machines are scheduled for deliver y in Q2

They will include Kalmar Insight, a performance management tool that turns data into actionable and impactful insights, along with a variety of add-on safety features including a fire-suppression system It offers an improved overall driving experience with smoother acceleration and less cabin noise

* Valenciaport has reported a fall in container throughput in January this year In terms of TEUs, the facility reached 4.9 million indicating a decrease of 11 5% Transit declined 28 1% and unloading by 32 3%, while expor t container throughput contracted by 10.2%. The total goods traffic stands at 5 7 with a dip of 15 95%

* On April 5, the shipping company Samskip will call at APM Terminals in the Por t of Gothenburg for the first time The traffic will ser ve the container terminal ever y week and then sail on to Faroese Runavik and Reykjavik in Iceland, then arriving in Rotterdam four days later Samskip is a Dutch logistics company with a focus on intra-European traffic within multiple modes of transpor t.

* The year has just begun and Konecranes has already introduced two exciting technical developments to their lift trucks range: reachstackers to handle heavier empty containers and spreaders with an increased capacity Not all containers are fully loaded when stuffed for transit or completely emptied when they reach their destination

So Konecranes has introduced the SMV 128 TC6 reachstacker for semi-laden and empty containers that can handle up to 12 tons Moreover, a new, stronger combi spreader, for the handling of laden ISO containers and trailers, is now available for Konecranes reachstackers designed for intermodal operations

* The Por t of Barcelona has processed over 3.5 million TEUs in 2022. The por t saw an increase in impor t containers by 3 4% and a rise in transit containers by 4 5% On the otherhand, export containers went down 5.9%. The Por t of Barcelona passed the 70 9 million-tonne mark in total traffic last year, representing growth of 6.9% from 2021.

* Italian logistics and transpor t company Grimaldi Group has acquired strategic assets in the Amerikahaven area of the Por t of Amsterdam through its subsidiar y Amsterdam Multipurpose Terminal (AMT)

The purchased assets cover a surface area of over 200,000 square metres and include storage areas, warehouses, logistics areas, and two quays The 20-year concession obtained by AMT in the Por t of Amsterdam aims to improve the ser vices offered to the Dutch market and businesses while also developing the port’s potential as a multimodal logistic hub

* Associated British Ports (ABP) has become the first por ts group to be approved by the Institute of Environmental Management and Assessment (IEMA) to act as a training provider for IEMA courses From Januar y of this year, ABP employees have star ted to par take in the IEMA-accredited course: Environmental Sustainability Skills for the Workforce The IEMA is the global professional body for individuals and organisations working, studying, or interested in the environment and sustainability “This concentrated one-day course provides a practical introduction to environmental sustainability, equipping our workforce with the knowledge, understanding and motivation to make a positive difference within their role at ABP,” Kerr y Thompson, ABP Group Head of Academy

Asia

* The government of Sri Lanka is set to invest $132 million in por t development projects using revenue generated from por t operations. According to repor ts, the Eastern Container Terminal is to receive over $100 million, while Jaya Container Terminal will get $32 million. Both terminals are fully owned by the Sri Lanka Por ts Authority Moreover, the government plans to develop the Trincomalee harbour for bulk cargo operations and Galle harbour for tourism purposes The latter will be developed to facilitate yacht ser vices and accommodate large ships. These investments are par t of Sri Lanka’s broader aim to become a logistics and transpor t hub in the Indian Ocean and a boost economic activity.

* On 11 Februar y an incident occured in the Long Tau river in Ho Chi Minh City (HCMC), southern Vietnam, when the 2,038-TEU Wan Hai 288 and 920-TEU Resurgence collided leaving both vessels damaged Resurgence crashed into the por t bow of Wan Hai 288 and caused damage to a number of containers. According to repor ts, the vessel underwent inspection operations after travelling to Cat Lai Terminal in HCMC following the accident. Wan Hai 288 was making its way towards a por t in HCMC while carr ying around 1,383 containers The Resurgence was repor tedly carr ying over 600 containers and travelling in the opposite direction

* A new freight ser vice connecting Asia and Europe via Jeddah Islamic Por t has been announced Saudi Ports Authority (MAWANI) and Saudi shipping giant Bahri have jointly announced the addition with the route’s first ship due in Februar y 2023 The new route will help grow Bahri’s shipping network