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PSA collaborates with HERE Technologies to optimize truck operations in Singapore

Retrieved on: 
Tuesday, February 20, 2024

Singapore – HERE Technologies , the leading location data and technology platform, today announced that it is enabling PSA Singapore (PSA), which operates the world’s largest transhipment hub with unrivalled connectivity, to transform its container truck ecosystem in Singapore, with the goal of optimizing the movement of goods at Singapore’s ports.

Key Points: 
  • Singapore – HERE Technologies , the leading location data and technology platform, today announced that it is enabling PSA Singapore (PSA), which operates the world’s largest transhipment hub with unrivalled connectivity, to transform its container truck ecosystem in Singapore, with the goal of optimizing the movement of goods at Singapore’s ports.
  • Singapore is the top maritime capital of the world[1] with the Port of Singapore as the world's second busiest port in terms of container volume.
  • This collaboration between HERE and PSA directly addresses this need by providing PSA with a seamless, easy-to-implement solution tailored to their requirements.
  • HERE is proud to enable PSA in shaping the future of port operations and smart logistics.”

DP World Prince Rupert Boosts Efficiency, Reliability in the Global Supply Chain

Retrieved on: 
Tuesday, February 27, 2024

This includes routing customers through Canada’s Port of Prince Rupert, which boasts several strategic advantages for North American customers seeking efficiency and reliability in their supply chain operations.

Key Points: 
  • This includes routing customers through Canada’s Port of Prince Rupert, which boasts several strategic advantages for North American customers seeking efficiency and reliability in their supply chain operations.
  • Speed and Agility: To minimize delays throughout the entire value chain, DP World Prince Rupert emphasizes reduced dwell times and swift cargo movement.
  • Global Connectivity: Marine access from DP World Prince Rupert to Asia through three major alliances – Ocean Alliance, 2M Alliance, and T.H.E.
  • Shaun Stevenson, President & CEO, Prince Rupert Port Authority, underscored the port's strategic advantages: “The Port of Prince Rupert provides fast and reliable supply chain solutions for trans-Pacific trade.

DP World Champions Global Logistics, Successfully Delivers Monorail Cars to Dominican Republic

Retrieved on: 
Thursday, February 22, 2024

Demonstrating its prowess in the global logistics sector, DP World has successfully coordinated the delivery of four monorail cars from the United Kingdom (UK) that will serve as critical pieces of an advanced public transportation project in Santo Domingo, Dominican Republic.

Key Points: 
  • Demonstrating its prowess in the global logistics sector, DP World has successfully coordinated the delivery of four monorail cars from the United Kingdom (UK) that will serve as critical pieces of an advanced public transportation project in Santo Domingo, Dominican Republic.
  • The monorail cars, which were produced by Alstom in the UK, began their journey to the Caribbean from DP World’s London Gateway Port.
  • This presented unique challenges that were expertly navigated by each DP World team around the globe as the cars made their journey.
  • “This efficiency underscores DP World's commitment to providing streamlined, cost-effective logistic solutions that support the growth and sustainability of global trade.”

Shanghai GDP exceeds 4.72 trillion yuan in 2023

Retrieved on: 
Tuesday, February 6, 2024

In 2023, Shanghai's total retail sales of consumer goods jumped by 12.6 percent over the previous year.

Key Points: 
  • In 2023, Shanghai's total retail sales of consumer goods jumped by 12.6 percent over the previous year.
  • Shanghai's investment in fixed assets rose by 13.8 percent on a yearly basis in 2023.
  • The total transaction value of Shanghai's financial market reached 3,373.63 trillion yuan in 2023, up 15 percent from a year earlier.
  • Shanghai residents' disposable per capita income came at 84,834 yuan in 2023, showing a nominal annual increase of 6.6 percent.

Port Houston Highlights 2023 Achievements

Retrieved on: 
Thursday, February 1, 2024

Last week, the Port Commission of the Port of Houston Authority met for its first regular meeting of the year.

Key Points: 
  • Last week, the Port Commission of the Port of Houston Authority met for its first regular meeting of the year.
  • In his report to the Port Commission, Executive Director Roger Guenther highlighted the many achievements of 2023.
  • In 2023, Minority and Woman-owned Business Enterprises (MWBEs) participated in 16% or $65.95 million in Port Houston awards, representing 8% growth over 2022.
  • Finally, Guenther announced that Port Houston was recognized by Gallagher as a “2023 Best-in-Class Employer,” and for the forty-ninth year in a row, the Government Finance Officers Association had awarded Port Houston its Certificate of Achievement for Excellence in Financial Reporting, for its 2022 Annual Comprehensive Financial Report.

DP World Welcomes First LNG-Powered Container Vessel at Brazil’s Port of Santos

Retrieved on: 
Thursday, January 25, 2024

In a significant step towards sustainable maritime operations, DP World welcomed the CMA CGM BAHIA, a container vessel powered liquefied natural gas (LNG), into the Port of Santos, Brazil, on January 22, 2024.

Key Points: 
  • In a significant step towards sustainable maritime operations, DP World welcomed the CMA CGM BAHIA, a container vessel powered liquefied natural gas (LNG), into the Port of Santos, Brazil, on January 22, 2024.
  • This marks the first arrival of a container vessel fuelled by LNG at the port, heralding a new era of eco-friendly maritime transport.
  • DP World, with its commitment to reducing carbon emissions, views the arrival of the CMA CGM BAHIA as a key milestone.
  • In addition to pioneering sustainable shipping practices, DP World is also focusing on greening its internal operations.

DP World Sets Historic Record in Peruvian Ports by Handling 1.64 Million TEUs in 2023

Retrieved on: 
Thursday, January 18, 2024

In a landmark achievement for Peru’s maritime industry, DP World has set a new record by handling 1.64 million TEUs (Twenty-foot Equivalent Unit, or one 20-foot container) at the South Pier of the Port of Callao in 2023.

Key Points: 
  • In a landmark achievement for Peru’s maritime industry, DP World has set a new record by handling 1.64 million TEUs (Twenty-foot Equivalent Unit, or one 20-foot container) at the South Pier of the Port of Callao in 2023.
  • “Moving this record-breaking number of TEUs during 2023 represents an important milestone for DP World and for the Peruvian economy,” said Nicolás Gauthier, CEO of DP World Peru.
  • DP World handles 60% of the port's containerized cargo, playing a vital role in the local and regional economy and port scene.
  • “Thanks to improved operations throughout 2023, DP World Callao was able to accommodate four new shipping services, leading to six additional weekly calls.

Verizon Business expands private 5G at Port of Virginia with new network at Norfolk International Terminal

Retrieved on: 
Thursday, November 16, 2023

NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Verizon Business and the Norfolk International Terminal (NIT) today announced an agreement to build a Verizon Private 5G Network at their Virginia facility, following the successful deployment of Verizon Private 5G at the neighboring Virginia International Terminal (VIT). Both NIT and VIT are terminals within the Port of Virginia, highlighting the scalability of private 5G networks to meet unique connectivity demands throughout a complex, data-rich environment.

Key Points: 
  • What you need to know:
    The agreement between Norfolk International Terminal (NIT) and Verizon Business follows the successful deployment of a private 5G network at the neighboring Virginia International Terminal, another Port of Virginia property
    The new network includes Verizon Push to Talk Plus, which is now available for use with the Verizon Private 5G Network offering
    The expansion of Private 5G at Port of Virginia terminals highlights Verizon’s Private 5G Network scalability and applicability in data-rich industrial environments.
  • NEW YORK, Nov. 16, 2023 (GLOBE NEWSWIRE) -- Verizon Business and the Norfolk International Terminal (NIT) today announced an agreement to build a Verizon Private 5G Network at their Virginia facility, following the successful deployment of Verizon Private 5G at the neighboring Virginia International Terminal (VIT).
  • Both NIT and VIT are terminals within the Port of Virginia, highlighting the scalability of private 5G networks to meet unique connectivity demands throughout a complex, data-rich environment.
  • PTT is a mobile app ideal for industrial and commercial worksite collaboration across phones, smartphones and tablets, all through the Verizon private Network.

Massive Rail Development and Mega Facility in Savannah

Retrieved on: 
Wednesday, November 22, 2023

The infrastructure and facility represent an investment in excess of $155 million that will support the Georgia Ports Authority's export capability in Savannah, the fastest growing and most efficient port in the United States.

Key Points: 
  • The infrastructure and facility represent an investment in excess of $155 million that will support the Georgia Ports Authority's export capability in Savannah, the fastest growing and most efficient port in the United States.
  • This facility offers packaging, warehousing, transloading, and storage capacity for over 8,000 TEUs and will create over 200 direct jobs and 250 construction jobs.
  • This export facility will be highly efficient, add jobs, and allow US manufacturing to be highly competitive in the global markets."
  • Plastic Express and CSX plan to turn the facility 10 times per day and export over 150 M tons of US made resin products.

China-CEEC BRI cooperation an exemplary model

Retrieved on: 
Tuesday, September 26, 2023

As a member of the EU, Hungary is the first country to bridge the gap between the West and the East. We place significant emphasis on fostering strong cooperation not only in terms of investments and infrastructure development but also in technology, culture, education and green financial initiatives. We are focused on the future with more connectivity.There are six key areas of economic cooperation between China and Hungary, with a particular emphasis on collaboration within the Belt and Road Initiative. This focus has not only been prominent in recent years but will continue to be a priority. We believe that the era of Eurasia has arrived and consider it a crucial direction for the future. Furthermore, we firmly believe in peaceful and harmonious cooperation.If we examine the global construction based on geographical divisions, it becomes evident that we are living in a multipolar world order. China is more and more important. For instance, in 2019, 49 percent of global economic growth was attributed to China and Southeast Asian countries, and China alone accounting for over 30 percent of global economic growth. Looking at a map of China, one can observe the geographical stretch from Beijing to Shanghai shares similarities with Central and Eastern European countries -- from the Baltic area to the Adriatic Sea. This underscores the ongoing focus on the same geographical regions, particularly the small countries within Central and Eastern Europe. Hungary has a population of around 10 million, which is comparable to that of a single Chinese city. The importance of cooperation cannot be understated. The collaboration between Central and Eastern European countries and China spans over a decade, encompassing diverse fields such as education and investments. Hungary maintains robust political stability, unlike some other countries which have disengaged from Chinese cooperation in the past two years. While political changes have occurred in certain nations, Hungary has maintained a consistent direction for over 13 years, especially in terms of its objectives. I believe this political stability serves as a powerful force for the future. Katarina Zakic, head of the Regional Center "Belt and Road" in Belgrade, the Institute of International Politics and Economics

Key Points: 
  • China and Greece have consistently upheld the spirit of mutual respect, equality and mutual learning, engaging in fruitful cooperation.
  • The two countries have become an exemplary model of peaceful coexistence and win-win cooperation between nations of different scales, systems, national conditions and civilizations.
  • With the joint efforts of both China and Greece, the mutually beneficial cooperation between the two countries has yielded fruitful results.
  • We also have excellent cooperation on an economic level, especially regarding the loans and the investments that we have, not only throughout the BRI, but also throughout the China-Central and Eastern Europe cooperation framework.