On March 14, Liaoning Port Group officially launched the 'Sea Land Maersk' Indonesia route, marking its third container shipping line. This route will enhance Dalian Port's Southeast Asia shipping network, with an expected annual volume of nearly 30,000 TEU containers, promoting regional trade development.
The Incheon Port Authority is committed to developing Incheon Port into an international logistics center. Through projects such as the Incheon New Port and the new international passenger terminal, it aims to promote economic development and enhance regional logistics efficiency, achieving a perfect blend of marine tourism and logistics.
Since its takeover by the New Mocha Port Authority in 2022, New Mocha Port has emerged as a significant cargo hub on India's west coast. The port focuses on handling dry bulk, liquid bulk, and containerized cargo. In the future, efforts will be made to enhance service levels through infrastructure development and digital transformation, aiming to strengthen its global competitiveness.
The Port Authority of New York and New Jersey secured a record-breaking $347 million in federal funding for clean port initiatives, bolstering its sustainability efforts. The funds will support the transition to zero-emission equipment, the construction of shore power infrastructure, community engagement, and air quality monitoring. This investment will help the port achieve its 2050 net-zero emission target and solidify its position as both an economic engine and a model for green ports.
Mardafu, the managing director of Hutchison Port Holdings Group, stated that the group intends to invest in bulk terminal projects, marking a diversification in its business activities. Additionally, the group will strengthen its supply chain management and build distribution centers to enhance logistics efficiency. The demand for modernization in Chinese ports presents promising opportunities for future investments.
Lianyungang Port, an important port for foreign trade in the Midwest, aims to play a larger role in global trade due to its advantageous geographical location and diverse functional layout. The port plans to develop a layout of 'one body and two wings,' with an expected throughput of 190 million tons by 2020.
Hebei Province has made significant achievements in container throughput, reaching a total of 2.206 million TEUs by the end of November, a year-on-year increase of 34.8%. Huanghua Port has experienced the fastest growth, with an increase of 71.9%. The number of shipping routes has increased to 66, and the throughput is expected to exceed 2.4 million TEUs by the end of the year, setting a new historical record.
Despite declining revenues in the shipping market, port congestion remains a persistent issue that is not easily alleviated. Data indicates that a significant number of bulk carriers and container ships continue to wait for loading and unloading, impacting global freight. The congestion problems in the U.S. and Europe have worsened due to the pandemic, economic fluctuations, and labor shortages, serving as a crucial barometer for macroeconomic and geopolitical conditions.
Founded in 2004, the Busan Port Authority aims to develop Busan Port into a global shipping hub. Despite challenges, it has achieved a container throughput of 21 million TEUs. The authority is enhancing its competitiveness and operational efficiency through infrastructure expansion and the construction of a smart port, striving to secure a leading position in the global shipping industry.
Harcourt Port is Nigeria's second largest commercial port. With its modern loading and unloading equipment and convenient connections to the inland areas, it has become an important port for the industrial and commercial sectors in the southeast. The port offers a variety of surrounding services and excellent storage conditions, facilitating international cargo transportation.
