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Feb 1, 11:08
The newly formed G6 Alliance to call Ashdod in April 2012
According to unoffici...
seagull Feb 1, 11:08
The newly formed G6 Alliance to call Ashdod in April 2012
According to unofficial sources the newly formed G6 Alliance to call Ashdod port beginning April 2012, Port2port reports.
The new G6 Alliance, which will begin operating by April, include Neptune Orient Lines Ltd, Hyundai Merchant Marine Co , Mitsui O.S.K. Lines Ltd, Nippon Yusen KK , Orient Overseas (International) Ltd unit OOCL and Hapag-Lloyd AG.
The new alliance will cover the full Asia-Europe line and brings together the New World Alliance and Grand Alliance.
The partnership will create a container shipping alliance with more than 90 ships in nine services calling at more than 40 ports in Asia, Europe and the Mediterranean.
In a joint statement, issued in Hamburg, Seoul, Tokyo, Hong Kong and Singapore, the lines mentioned that "The new partnership will create one of the leading networks in the Far East-to-Europe and Far East-to-Mediterranean container shipping markets. The integrated cooperation of these six lines will enable product and service features to be easily adjusted to market requirements. This is a milestone agreement that significantly improves service coverage in the Asia-Europe market. We will offer sailing frequencies and direct coverage that compete with anyone in the market."
The new alliance is scheduled to begin operation by April 2012 with seven joint services operating between Asia and Europe and two services to the Mediterranean. The base-plan port rotation is to operate nine loops.
The call at Ashdod, if finalized, will be part of the Loop 9: Yangshan – Ningbo– Shekou – Singapore – Port Said – Ashdod – Istanbul – constanta – Odessa – Istanbul – Ashdod - Port Said and back to the Far East.
en.portnews.ru
The newly formed G6 Alliance to call Ashdod in April 2012
According to unofficial sources the newly formed G6 Alliance to call Ashdod port beginning April 2012, Port2port reports.
The new G6 Alliance, which will begin operating by April, include Neptune Orient Lines Ltd, Hyundai Merchant Marine Co , Mitsui O.S.K. Lines Ltd, Nippon Yusen KK , Orient Overseas (International) Ltd unit OOCL and Hapag-Lloyd AG.
The new alliance will cover the full Asia-Europe line and brings together the New World Alliance and Grand Alliance.
The partnership will create a container shipping alliance with more than 90 ships in nine services calling at more than 40 ports in Asia, Europe and the Mediterranean.
In a joint statement, issued in Hamburg, Seoul, Tokyo, Hong Kong and Singapore, the lines mentioned that "The new partnership will create one of the leading networks in the Far East-to-Europe and Far East-to-Mediterranean container shipping markets. The integrated cooperation of these six lines will enable product and service features to be easily adjusted to market requirements. This is a milestone agreement that significantly improves service coverage in the Asia-Europe market. We will offer sailing frequencies and direct coverage that compete with anyone in the market."
The new alliance is scheduled to begin operation by April 2012 with seven joint services operating between Asia and Europe and two services to the Mediterranean. The base-plan port rotation is to operate nine loops.
The call at Ashdod, if finalized, will be part of the Loop 9: Yangshan – Ningbo– Shekou – Singapore – Port Said – Ashdod – Istanbul – constanta – Odessa – Istanbul – Ashdod - Port Said and back to the Far East.
en.portnews.ru
Jan 30, 12:05
Israel plans to build a railway line between its Red Sea and Mediterranean ports...
seagull Jan 30, 12:05
Israel plans to build a railway line between its Red Sea and Mediterranean ports
Israel said on Sunday it plans to build a railway line linking its Red Sea and Mediterranean ports that could handle potential overflow from the Suez Canal on the freight route between Asia and Europe, Reuters reports. Prime Minister Benjamin Netanyahu told his cabinet the idea of ships dropping off goods in one port to be picked up by a second ship at the other, had stirred "great interest" from major exporters India and China.
The project has yet to receive final approval or secure funding. Israel has not issued any cargo volume projections for the proposed electrified railway that would run 350 km (220 miles) from Eilat, on the Red Sea, to Ashdod, on the Mediterranean some 30 km south of Tel Aviv.
"Laying this line thus has strategic importance, both national and international," Netanyahu said in public remarks at the opening of a cabinet discussion on the project.
Israeli officials rebuffed any suggestion the railway plan came in response to political turmoil in Egypt and the rise of Islamist parties, though Israel has quietly been preparing for the possible erosion of its landmark peace accord with the neighbouring Arab power.
One official told Reuters the railway was a safeguard against the Suez proving incapable of handling surging maritime trade. The canal handled 8 percent of global seaborne traffic in 2009, Egyptian authorities say.
"There is going to be a lot of pressure on the Suez, and the idea here is to find an insurance should the canal not be able to deal with the volume," the official said.
Asked if the Israeli project might bite into Egyptian revenues from tariffs to sail the Suez, the official said: "We do not in any way intend to do anything of the sort."
"INTERNAL AFFAIR"
Samech Nabil, consul-general for the Egyptian embassy in Israel, said it would be premature to comment on the planned rail link, given the project's preliminary nature.
"I think this is purely an internal issue," Nabil told Reuters.
A year after an Egyptian uprising that toppled U.S.-aligned President Hosni Mubarak, Israelis fret at the rise of Islamist politicians in Cairo who firmly back the Palestinians and resent ties with the Jewish state.
Both countries have sought to play down any threat to their landmark 1979 peace accord in public and Israeli ships - including naval vessels - have continued to sail through the canal.
Oded Eran, a retired Israeli diplomat who is now senior research fellow at Tel Aviv University's Institute for National Security Studies, said global traders were increasingly looking at overland transport alternatives to sea routes.
"Going through Suez costs a lot of money in demurrage," he said, describing the time-consuming process of ships obtaining permission to enter the canal and transiting.
Israeli media projected the train line would cost around $2 billion to build. Its Transport Ministry said it was seeking a Chinese company to build it and estimated it would take up to five years to complete.
Israel is heavily dependent on imports, especially for energy, and is wary of any potential threat to supplies. It launched the 1967 war after Egypt blockaded the Strait of Tiran between Egypt and Saudi Arabia, cutting off Eilat.
Eran doubted Egypt would again threaten Israeli shipping, and said he believed assurances by the Netanyahu government that the railway would be primarily a commercial, rather than a security, asset.
Israeli officials linked the project to wider efforts to vitalise Israel's southern desert regions, including a pipeline between Eilat and Ashdod which is envisaged will pump natural gas from Mediterranean platforms for export through the Red Sea.
en.portnews.ru
Israel plans to build a railway line between its Red Sea and Mediterranean ports
Israel said on Sunday it plans to build a railway line linking its Red Sea and Mediterranean ports that could handle potential overflow from the Suez Canal on the freight route between Asia and Europe, Reuters reports. Prime Minister Benjamin Netanyahu told his cabinet the idea of ships dropping off goods in one port to be picked up by a second ship at the other, had stirred "great interest" from major exporters India and China.
The project has yet to receive final approval or secure funding. Israel has not issued any cargo volume projections for the proposed electrified railway that would run 350 km (220 miles) from Eilat, on the Red Sea, to Ashdod, on the Mediterranean some 30 km south of Tel Aviv.
"Laying this line thus has strategic importance, both national and international," Netanyahu said in public remarks at the opening of a cabinet discussion on the project.
Israeli officials rebuffed any suggestion the railway plan came in response to political turmoil in Egypt and the rise of Islamist parties, though Israel has quietly been preparing for the possible erosion of its landmark peace accord with the neighbouring Arab power.
One official told Reuters the railway was a safeguard against the Suez proving incapable of handling surging maritime trade. The canal handled 8 percent of global seaborne traffic in 2009, Egyptian authorities say.
"There is going to be a lot of pressure on the Suez, and the idea here is to find an insurance should the canal not be able to deal with the volume," the official said.
Asked if the Israeli project might bite into Egyptian revenues from tariffs to sail the Suez, the official said: "We do not in any way intend to do anything of the sort."
"INTERNAL AFFAIR"
Samech Nabil, consul-general for the Egyptian embassy in Israel, said it would be premature to comment on the planned rail link, given the project's preliminary nature.
"I think this is purely an internal issue," Nabil told Reuters.
A year after an Egyptian uprising that toppled U.S.-aligned President Hosni Mubarak, Israelis fret at the rise of Islamist politicians in Cairo who firmly back the Palestinians and resent ties with the Jewish state.
Both countries have sought to play down any threat to their landmark 1979 peace accord in public and Israeli ships - including naval vessels - have continued to sail through the canal.
Oded Eran, a retired Israeli diplomat who is now senior research fellow at Tel Aviv University's Institute for National Security Studies, said global traders were increasingly looking at overland transport alternatives to sea routes.
"Going through Suez costs a lot of money in demurrage," he said, describing the time-consuming process of ships obtaining permission to enter the canal and transiting.
Israeli media projected the train line would cost around $2 billion to build. Its Transport Ministry said it was seeking a Chinese company to build it and estimated it would take up to five years to complete.
Israel is heavily dependent on imports, especially for energy, and is wary of any potential threat to supplies. It launched the 1967 war after Egypt blockaded the Strait of Tiran between Egypt and Saudi Arabia, cutting off Eilat.
Eran doubted Egypt would again threaten Israeli shipping, and said he believed assurances by the Netanyahu government that the railway would be primarily a commercial, rather than a security, asset.
Israeli officials linked the project to wider efforts to vitalise Israel's southern desert regions, including a pipeline between Eilat and Ashdod which is envisaged will pump natural gas from Mediterranean platforms for export through the Red Sea.
en.portnews.ru
Oct 31, 16:10
Israel signs deal for $140 mln off-shore LNG terminal
State-owned Israel Natura...
seagull Oct 31, 16:10
Israel signs deal for $140 mln off-shore LNG terminal
State-owned Israel Natural Gas Lines said on Monday it signed a deal with Italian marine contractor Micoperi to build an off-shore liquefied natural gas terminal costing about 500 million shekels ($140 million), Reuters reports. The company said in a statement that the terminal, to be built some 10 kilometres out from the Mediterranean coastal city of Hadera, will have the capacity to receive about 2.5 billion cubic meters of LNG each year.
Construction is due to begin in the second half of 2012 and be completed by the end of the year, the statement said.
Though natural gas production in Israel is set to soar in coming decades after the discovery of huge off-shore deposits, the country faces a short-term gas shortage between the time production goes online and its current reserves run dry.
Infrastructure Minister Uzi Landau said on Monday Israel could face a shortage as early as the third quarter of 2012, and that the terminal is a quick solution.
"The terminal is of the utmost strategic importance for the country's ability to ensure a continuous energy supply to its power stations and to safeguard its energy security," he said.
The Tamar field, the world's largest off-shore find of 2009, is being developed some 90 km from Israel's coast, but production there is not expected to begin until 2013, officials say. The even larger Leviathan field discovered a year later is not due to be on line until about 2017.
In the meantime, Israel's sole working gas field is nearly depleted and gas supplies from Egypt have been continuously disrupted due to chaos and sabotage in the Sinai Peninsula.
Customers have already faced sharp increases in electricity rates as Israel Electric Corp has had to turn to alternative and more expensive fuels.
The off-shore LNG terminal is just one of Israel's stop-gap solutions. The government has also instructed a number of energy companies exploring its territorial waters to speed up operations and threatened to let their licences expire if they do not meet their commitments.
Shmuel Turgeman, CEO of Israel Natural Gas Lines, said the terminal will meet "all planning and safety requirements in accordance with stringent international standards."
The company said the terminal will be the unloading point for ships carrying the natural gas, which will then be fed directly into Israel's underwater gas pipeline.
businesstimes.com.sg
Israel signs deal for $140 mln off-shore LNG terminal
State-owned Israel Natural Gas Lines said on Monday it signed a deal with Italian marine contractor Micoperi to build an off-shore liquefied natural gas terminal costing about 500 million shekels ($140 million), Reuters reports. The company said in a statement that the terminal, to be built some 10 kilometres out from the Mediterranean coastal city of Hadera, will have the capacity to receive about 2.5 billion cubic meters of LNG each year.
Construction is due to begin in the second half of 2012 and be completed by the end of the year, the statement said.
Though natural gas production in Israel is set to soar in coming decades after the discovery of huge off-shore deposits, the country faces a short-term gas shortage between the time production goes online and its current reserves run dry.
Infrastructure Minister Uzi Landau said on Monday Israel could face a shortage as early as the third quarter of 2012, and that the terminal is a quick solution.
"The terminal is of the utmost strategic importance for the country's ability to ensure a continuous energy supply to its power stations and to safeguard its energy security," he said.
The Tamar field, the world's largest off-shore find of 2009, is being developed some 90 km from Israel's coast, but production there is not expected to begin until 2013, officials say. The even larger Leviathan field discovered a year later is not due to be on line until about 2017.
In the meantime, Israel's sole working gas field is nearly depleted and gas supplies from Egypt have been continuously disrupted due to chaos and sabotage in the Sinai Peninsula.
Customers have already faced sharp increases in electricity rates as Israel Electric Corp has had to turn to alternative and more expensive fuels.
The off-shore LNG terminal is just one of Israel's stop-gap solutions. The government has also instructed a number of energy companies exploring its territorial waters to speed up operations and threatened to let their licences expire if they do not meet their commitments.
Shmuel Turgeman, CEO of Israel Natural Gas Lines, said the terminal will meet "all planning and safety requirements in accordance with stringent international standards."
The company said the terminal will be the unloading point for ships carrying the natural gas, which will then be fed directly into Israel's underwater gas pipeline.
businesstimes.com.sg
Sep 21, 9:06
Zim, Cosiarma and Cosmed signed agreement for a new Mediterranean liner service
...
seagull Sep 21, 9:06
Zim, Cosiarma and Cosmed signed agreement for a new Mediterranean liner service
Italy's Cosiarma S.p.A., Zim Integrated Shipping Services Ltd. and Cosmed announced last week a joint agreement for a new Liner Service in the Mediterranean, Port2Port reports.
The service will start from week 41 on October 10th, 2011.
Cosiarma, a company belonging to GF Group, has chartered the two sister reefer ships ‘Carmel EcoFresh’ and ‘Carmel Bio-Top’ previously employed by Agrexco in the service between Israel and the West Mediterranean.
The ships will be jointly employed in a regular liner service with weekly, fixed-day sailings and the following itinerary: Haifa – Ashdod – Sète – Genoa – Naples – Haifa. According to statement issued in Israel the ships will be renamed Cala Pira and Cala Paradiso, according to the traditional choice of names of Cosiarma for its fleets.
Each ship is able to load around 4.100 pallets of fruit and vegetables in hold and TEU 630 on deck, with 144 reefer plugs and has a service speed of 21 knots.
The new service will offer excellent transit times, large allocation of reefer space in holds and containers and more reefer plugs, which will support and assist the customers with their logistics needs.
Cosiarma S.p.A. manages over 1,800 reefers, 2 container vessels of TEU 2,700 and 4 large reefer vessels (double side loaders) with 10,000 pallet capacity, plus TEU 560 on-deck. The 4 reefer vessels are used exclusively for the GF Group's Orsero banana/fruit service from Colombia/Costa Rica to Vado.
Source: shippingazette.com
Zim, Cosiarma and Cosmed signed agreement for a new Mediterranean liner service
Italy's Cosiarma S.p.A., Zim Integrated Shipping Services Ltd. and Cosmed announced last week a joint agreement for a new Liner Service in the Mediterranean, Port2Port reports.
The service will start from week 41 on October 10th, 2011.
Cosiarma, a company belonging to GF Group, has chartered the two sister reefer ships ‘Carmel EcoFresh’ and ‘Carmel Bio-Top’ previously employed by Agrexco in the service between Israel and the West Mediterranean.
The ships will be jointly employed in a regular liner service with weekly, fixed-day sailings and the following itinerary: Haifa – Ashdod – Sète – Genoa – Naples – Haifa. According to statement issued in Israel the ships will be renamed Cala Pira and Cala Paradiso, according to the traditional choice of names of Cosiarma for its fleets.
Each ship is able to load around 4.100 pallets of fruit and vegetables in hold and TEU 630 on deck, with 144 reefer plugs and has a service speed of 21 knots.
The new service will offer excellent transit times, large allocation of reefer space in holds and containers and more reefer plugs, which will support and assist the customers with their logistics needs.
Cosiarma S.p.A. manages over 1,800 reefers, 2 container vessels of TEU 2,700 and 4 large reefer vessels (double side loaders) with 10,000 pallet capacity, plus TEU 560 on-deck. The 4 reefer vessels are used exclusively for the GF Group's Orsero banana/fruit service from Colombia/Costa Rica to Vado.
Source: shippingazette.com
Jul 21, 8:32
Israeli navy boards Gaza-bound ship
Israeli naval commandos on Tuesday seized c...
seagull Jul 21, 8:32
Israeli navy boards Gaza-bound ship
Israeli naval commandos on Tuesday seized control of a French ship attempting to break Israel's blockade of the Gaza Strip, reporting no resistance during the takeover in international waters, Associated Press reports.
The navy boarded the ship after the pro-Palestinian activists on board ignored calls to change course.
The military had warned it would stop any attempt to break the sea blockade of Gaza, which Israel imposed four years ago in what it says is a measure to prevent arms smuggling to Gaza's ruling Hamas militant group.
It said the vessel, the Dignity al-Karama, would be taken to a southern Israeli port, Ashdod. The international passengers are likely to face deportation.
Last year, Israeli naval commandos clashed with knife and club-wielding activists on a Turkish ship trying to reach Gaza, killing nine Turkish activists. Both sides have said they acted in self defense.
The deadly clash drew harsh international criticism, forcing Israel to ease its land blockade of Gaza. But the naval embargo has remained intact.
Since the deadly May 2010 takeover, the navy has intercepted two blockade-busting boats without incident. But it had been preparing for months for the arrival of a new flotilla, saying it had adopted new tactics in hopes of avoiding bloodshed.
The Dignity al-Karama was the only ship remaining from a larger protest flotilla that had hoped to sail weeks ago but was blocked by Greek authorities.
The France-based Platform Palestine group, one of the organizers, said the Israeli takeover "clearly shows the military logic of Israeli politics, which only speaks the language of force." It said it had no contact with anyone on the boat.
In a text message sent to reporters, the Hamas government in Gaza condemned the seizing of the boat.
Sixteen people, including pro-Palestinian activists from France, Canada and Sweden, journalists and three crew members, are aboard the French-based ship. They have said they had no aid on board and that their mission was meant to make a "political statement" against the Israeli blockade.
A France-based spokesman for a group called "A French Boat for Gaza," Maxime Guimberteau, said he was in contact with activists aboard the ship earlier Tuesday and they told him that four Israeli navy ships had surrounded the ship.
He said the vessel was about 40 miles (65 kilometers) off Gaza in international waters in the Mediterranean and that his conversation with the boat was cut off.
Israel imposed the embargo in 2007 after Hamas militants seized control of Gaza. It says the measure is needed to prevent weapons from reaching Hamas, but critics say the blockade has failed to weaken the militant group and instead has hurt the territory's economy, collectively punishing its 1.6 million people.
With the land blockade greatly eased, large amounts of consumer goods now flow into Gaza. But restrictions remain on the entrance of construction materials, which are sorely needed to repair damage caused by an Israeli military offensive two years ago. Israel says items like metal, cement and glass could be diverted for military purposes, and has approved individual construction projects in coordination with the international community.
In its warning, the navy notified the ship that any supplies it might have on board could be transferred legally to Gaza through an Israeli port and then across Israeli-controlled land crossings.
Source: shippingonline.cn
Israeli navy boards Gaza-bound ship
Israeli naval commandos on Tuesday seized control of a French ship attempting to break Israel's blockade of the Gaza Strip, reporting no resistance during the takeover in international waters, Associated Press reports.
The navy boarded the ship after the pro-Palestinian activists on board ignored calls to change course.
The military had warned it would stop any attempt to break the sea blockade of Gaza, which Israel imposed four years ago in what it says is a measure to prevent arms smuggling to Gaza's ruling Hamas militant group.
It said the vessel, the Dignity al-Karama, would be taken to a southern Israeli port, Ashdod. The international passengers are likely to face deportation.
Last year, Israeli naval commandos clashed with knife and club-wielding activists on a Turkish ship trying to reach Gaza, killing nine Turkish activists. Both sides have said they acted in self defense.
The deadly clash drew harsh international criticism, forcing Israel to ease its land blockade of Gaza. But the naval embargo has remained intact.
Since the deadly May 2010 takeover, the navy has intercepted two blockade-busting boats without incident. But it had been preparing for months for the arrival of a new flotilla, saying it had adopted new tactics in hopes of avoiding bloodshed.
The Dignity al-Karama was the only ship remaining from a larger protest flotilla that had hoped to sail weeks ago but was blocked by Greek authorities.
The France-based Platform Palestine group, one of the organizers, said the Israeli takeover "clearly shows the military logic of Israeli politics, which only speaks the language of force." It said it had no contact with anyone on the boat.
In a text message sent to reporters, the Hamas government in Gaza condemned the seizing of the boat.
Sixteen people, including pro-Palestinian activists from France, Canada and Sweden, journalists and three crew members, are aboard the French-based ship. They have said they had no aid on board and that their mission was meant to make a "political statement" against the Israeli blockade.
A France-based spokesman for a group called "A French Boat for Gaza," Maxime Guimberteau, said he was in contact with activists aboard the ship earlier Tuesday and they told him that four Israeli navy ships had surrounded the ship.
He said the vessel was about 40 miles (65 kilometers) off Gaza in international waters in the Mediterranean and that his conversation with the boat was cut off.
Israel imposed the embargo in 2007 after Hamas militants seized control of Gaza. It says the measure is needed to prevent weapons from reaching Hamas, but critics say the blockade has failed to weaken the militant group and instead has hurt the territory's economy, collectively punishing its 1.6 million people.
With the land blockade greatly eased, large amounts of consumer goods now flow into Gaza. But restrictions remain on the entrance of construction materials, which are sorely needed to repair damage caused by an Israeli military offensive two years ago. Israel says items like metal, cement and glass could be diverted for military purposes, and has approved individual construction projects in coordination with the international community.
In its warning, the navy notified the ship that any supplies it might have on board could be transferred legally to Gaza through an Israeli port and then across Israeli-controlled land crossings.
Source: shippingonline.cn
Aug 27 '10, 16:55
Israel's Zim posts net profit of $3 million for 2Q 2010
Zim Integrated Shippi...
seagull Aug 27 '10, 16:55
Israel's Zim posts net profit of $3 million for 2Q 2010
Zim Integrated Shipping Services swung to a slim $3 million second quarter net profit from a $186 million loss a year ago as the Israeli carrier's enforced restructuring program coincided with a rebound in container shipping.
The carrier, which was close to collapse a year ago, boosted revenue 72 percent to $933 million from $542 million in the second quarter of 2009.
Zim's parent, Israel Corp., linked the improved second quarter performance "not only to the dramatic improvement in the terms of trade in the global shipping industry, but also to the streamlining and restructuring measures that Zim is undertaking."
The second quarter results were a major advance on the first three months of the year, when Zim booked a loss of $82 million compared with $119 million in the year-earlier period.
Israel Corp. shareholders approved a debt restructuring plan for Zim in November which involved a $450 million cash injection coupled with a cost cutting program, layoffs, cancellation of ship orders and renegotiation of ship charters.
Zim lost $332 million in 2009 compared with a year earlier loss of $432 million. Zim is the world's 16th largest carrier with a fleet of 96 owned and chartered ships with a combined capacity of 324,726 20-foot equivalent units, according to Alphaliner, the Paris-based consultancy.
Zim has 16 ships totalling 150,400 TEUs on order, representing 32 percent of its existing capacity.
Israel's Zim posts net profit of $3 million for 2Q 2010
Zim Integrated Shipping Services swung to a slim $3 million second quarter net profit from a $186 million loss a year ago as the Israeli carrier's enforced restructuring program coincided with a rebound in container shipping.
The carrier, which was close to collapse a year ago, boosted revenue 72 percent to $933 million from $542 million in the second quarter of 2009.
Zim's parent, Israel Corp., linked the improved second quarter performance "not only to the dramatic improvement in the terms of trade in the global shipping industry, but also to the streamlining and restructuring measures that Zim is undertaking."
The second quarter results were a major advance on the first three months of the year, when Zim booked a loss of $82 million compared with $119 million in the year-earlier period.
Israel Corp. shareholders approved a debt restructuring plan for Zim in November which involved a $450 million cash injection coupled with a cost cutting program, layoffs, cancellation of ship orders and renegotiation of ship charters.
Zim lost $332 million in 2009 compared with a year earlier loss of $432 million. Zim is the world's 16th largest carrier with a fleet of 96 owned and chartered ships with a combined capacity of 324,726 20-foot equivalent units, according to Alphaliner, the Paris-based consultancy.
Zim has 16 ships totalling 150,400 TEUs on order, representing 32 percent of its existing capacity.
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