Drewry: PSA to overtake COSCO in terminal capacity by 2028
NewsDrewry’s latest report predicts PSA will surpass COSCO Shipping in terminal capacity by 2028, reshaping the top of the global container terminal rankings.
VICT Melbourne Phase 3A on schedule
Victoria International Container Terminal (VICT) in Melbourne is gearing up to meet the challenges of 2024 and beyond with the scheduled completion of Phase 3A of its expansion project in December
The A$235M project of the ICTSI affiliate is being carried out in two phases. Phase 3A will increase the terminal’s capacity by 30% to 1.25M TEU. It extends the quay by 71m to 735m or 769m with the mooring dolphins included, and will enhance VICT’s quayside operations by allowing two 366m vessels to berth simultaneously.
On the landside, three new storage blocks have been added along with 15 new truck lanes, enhancing the terminal’s booking system time slot offerings to the market by up to 30% per hour starting in January 2024.
VICT also acquired STS cranes, six automated shuttle carriers and six ASCs as part of Phase 3A. These have been operational since August. The STS cranes have a reach of 22 containers across and are thus currently the largest port equipment in Australia. They arrived and will be operational by yearend.
Phase 3B is scheduled to be completed in 2025 and will include the acquisition of another automated STS crane, three automated shuttle carriers, four ASCs, and construction of two additional storage blocks.
“The project is a substantial leap forward for VICT. It will redefine the container terminal landscape at the Port of Melbourne and set new industry standards for operational efficiency and capacity,” said Bruno Porchietto, VICT’s CEO.
“With the expanded capacity and new equipment, VICT will be able to service larger vessels – particularly the neo-Panamax ships with capacities of up to 14,000 TEUs – and introduce economies of scale across the supply chain. All these improvements represent our commitment to delivering the best service to our customers at the Port of Melbourne.”
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