Wed 14 Jan 2009, 09:29 GMT

Port Everglades expansion good for bunker sales


Commissioners approve construction of new containerized cargo terminal.



The construction of a new 41-acre containerized cargo terminal at Port Everglades is set to have a positive impact on sales of marine fuel in the area following approval from the Broward County Board of County Commissioners yesterday.

The South Florida seaport is going ahead with the third major construction project to begin there over the past 12 months, despite a recent softening of the cargo market.

Tran Construction Inc. of Miami won the bid to build the terminal in the Southport area at Port Everglades for $12.3 million. State grants are said to be funding up to half of the project.

"The new containerized cargo terminal is part of the Port's Master/Vision Plan. The plan also includes future near-dock rail for efficient transport of cargo, which makes this terminal especially attractive," said Port Director Phillip Allen.

Containerized cargo, at 6.58 million tons and 985,095 TEUs, has been on a steady upswing at Port Everglades, almost doubling since 2002. Port officials attribute this 92 percent growth to new terminal operators such as Port Everglades Terminal Ltd. (MSC) and Florida International Terminal, in the Port’s Southport area, who are bringing more international trade to the area.

Commenting on the growth, Allen said "Containerized cargo tonnage at Port Everglades has increased 92 percent in the past six years. And while we have noticed the market softening in recent months, we must be ready for the future, which we believe is quite promising."

Construction work is already under way on a new petroleum terminal and expansion of Cruise Terminal 18.

Port Everglades is one of the busiest cruise ports worldwide and is South Florida’s main seaport for receiving petroleum products including gasoline and jet fuel.


Arctic Tern vessel. Wallenius Wilhelmsen takes delivery of first methanol-ready Shaper Class vessel  

The dual-fuel Arctic Tern will enter service on the Asia–Europe trade almost immediately.

Al Muraykh vessel. Hapag-Lloyd signs shore power agreement with Hamburg Port Authority  

Deal commits the carrier to using onshore power supply at all Hamburg terminals.

Dorthe Karin Bendtsen, KPI OceanConnect. KPI OceanConnect reports 21% rise in pre-tax earnings for 2025/26  

Marine fuel firm delivers 13 million tonnes and expands carbon markets capabilities amid geopolitical turbulence.

VTTI logo. VTTI Dalian completes first large-scale 'green methanol' vessel loading  

Cargo to be supplied as marine fuel in Shanghai.

Steff Tan, Oilmar. Oilmar appoints Steff Tan as marine fuels trader in Singapore  

New hire's background spans bunker operations, logistics, commercial trading, marketing, and business development.

Feng Da Hai vessel. Cosco Shipping adds methanol-ready bulk carrier Feng Da Hai to fleet  

The 64,000-tonne vessel is equipped with a methanol fuel system for future low-carbon operations.

Oilmar office in Dubai. Oilmar welcomes summer intern to Dubai branch  

Arpit Aryan will rotate across the bunker fuel trading, finance and operations departments.

Aerial view of the Dubai skyline. Oilmar takes on trading and finance intern in Dubai  

New intern to rotate across trading, operations and finance teams.

Seaspan and Maersk signing. Seaspan and Maersk deepen fleet efficiency collaboration with $75m upgrade programme  

Retrofit package for four 13,000-teu vessels includes installation of shaft generator to reduce auxiliary engine fuel consumption.

European Parliament building in Brussels. EU Parliament vote on soy biofuels could expose bloc to $5.6bn a year in trade sanctions  

MEPs reject regulation that would have phased out soy biofuels, risking WTO retaliation penalties.