Future Growth of UK Container Terminals

As it was announced by ​Associated British Ports (ABP), the huge UK port operator is going to invest GBP 50 million to improve the 2 container terminals in Humber due to growing demand. As a consequence the terminal's capacity should rise twice.

​ABP has already invested GBP 30​ million for new ship-to-shore cranes for Hull Container Terminal. As a result, its capacity increased to 250.000 TEUs a year, as well as Immingham Container Terminal' capacity increased even more after investment.

​As a reminder, ABP invested ​GBP 50 million for the Southampton port development , which recently became one of the busiest terminals of the UK.

Bangladesh Builds Its Largest Vessel 

Bangladeshi shipbuilder Western Marine Shipyard has launched the first of ten 8,000 dwt mini bulk carriers.

The 122 meter-long JSW Pratapgad is the the largest vessel ever built in Bangladesh.

Western Marine Shipyard said that the ship will start service on the Indian Sea route. The company has a deal with India’s JSW Jaigarh Port Limited to build ten mini bulk carriers.

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COSCO reported USD 1.4 Bln Loss

Chinese Shanghai-based shipping line COSCO has announced CNY 9.9 billion (USD 1.4 billion) as an annual loss for 2016.  Hence company offered not to distribute any dividends this year. Income decrease was associated with company's reorganization, weak market situation and cheap container shipping freight rates this year.  Company's profit reached CNY 71.2 billion. In 2017, the market situation is expected to be improved due to possible growth in container sector. Starting from April 1, COSCO shipping will launch the alliance with Hong-Kong-based OOCL, French shipping company CMA CGM and Taiwanese Evergreen Line. Ocean alliance is planning to call into around 350 container ships of 3.5 mln TEUs estimated. Presently, COSCO is using 312 container vessels. 

Crowley's First ConRo Vessel

Recently Florida-based shipping company has announced the launch of it's first Commitment-class ConRo ship El Coquí. This is one of the first world's combinations of container and RO/RO shipping working with liquefied natural gas. The vessel was built and launched in Pascagoula, Mississippi and will be following the route between Florida and Puerto Rico. 
This ConRo was designed to carry around 2400 20' containers and 400 vehicles on its RO/RO decks.