Thursday , 25 August 2016
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Equipment costs hit record lows

In general, container handling equipment has got cheaper

Lower costs and weaker demand have driven down the price of new container handling equipment to record lows, according to shipping analyst Drewry. The container equipment index price has fallen from US$1,900 at the end of 2014 to US$1,450 at the end of 2015, close to an all-time low. According to Drewry, the price fall is down to cheaper production ... Read More »

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Hutchison to open another Karachi terminal in October

Hutchison Port Holdings (HPH) has confirmed it will open its second container terminal in Karachi at the end of October 2016, according to Reuters. The new facility, South Asia Pakistan Terminals (SAPT), will aim to handle 250,000 teu in the first year of operations and more than 2m teu annually in five years. The terminal has already received new ship-to-shore ... Read More »

Samskip installs Rotterdam’s largest solar panel system

Logistics company Samskip has completed the installation of the Port of Rotterdam’s largest solar panel system as part of the facilities’ sustainability strategy. The company completed the project through its subsidiary frigoCare in partnership with Dutch renewable energy company Zon Exploitatie Nederland (ZEN). The new green energy system, which was installed on the roof of frigoCare’s 14,000 pallet-capacity cold-store in ... Read More »

Terex delivers MHC to ICTSI DR Congo

The new terminal is set to start operations in August

Terex Port Solutions (TPS) has delivered the first of two new mobile harbour cranes (MHC) expected to be operated at ICTSI’s new container and general cargo terminal at the Port of Matadi, DR Congo. The new unit is the first of two Terex Model 5 cranes to be operated at the Matadi Gateway Terminal (MGT). The cranes, which have a ... Read More »

Konecranes to deliver 12 RTGs to Charleston

The cranes will be delivered in fall next year

Finnish manufacturer Konecranes has announced that it will deliver 12 new rubber-tyred gantry cranes (RTGs) to the South Carolina Ports Authority (SCPA)’s Wando Welch terminal at the Port of Charleston in 2017. The new units, which will have a lifting capacity of 50 long tonnes, will be able to stack 1-over-5 containers high and six plus truck lane wide. They ... Read More »

Mis-declared cargo causes over a quarter of incidents on ships

Shipping insurance provider UK P&I Club has claimed that over a quarter of incidents on ships are caused by mis-declared cargo. According to the Protection and Indemnity (P&I) insurance provider, data captured by the Cargo Incident Notification System (CINS) over the 2013-2014 period revealed that 27% of incidents in terms of detected causation were attributable to mis-declaration of cargo. As ... Read More »

New container terminal opens in Tanjung Priok

The new Priok Container Terminal I at the Indonesian Tanjung Priok Port has started operations a month after it was originally scheduled to open, local media reported. The facility, which is the first terminal at the port’s new deep-sea harbour in North Jakarta, reportedly opened following clearance of the safety and security requirements issued by the Indonesian Ministry of Transportation ... Read More »

No plans for dedicated Montego Bay container terminal

Montego Bay is on the north of the island

The Jamaican government has said that the ports of Montego Bay will be converted into a regional multipurpose port but not a dedicated container terminal. According to the Jamaica Observer, the country’s minister for job creation Horace Chang said that the new multipurpose port will have a berth dedicated to cargo as well as berths for cruise shipping and a ... Read More »

New capacity additions boost DP World’s profit

Port operator DP World has recorded a 43% increase in its profit before tax despite container throughput in the UAE region falling by 6% in the second half of 2016. The rise in pre-tax profit to US$703m was boosted by a 9% rise in the company’s revenue to US$2.1bn, supported by the acquisitions of the Free Zone at its flagship ... Read More »

Fire shuts down key Californian freight route

The affected area is a key overland transport route

A wildfire has shut down roads and railway lines between Los Angeles and Las Vegas, which transport much of the container traffic which passes between Asia and the USA. On August 16, a drought-ridden mountain pass caught fire and major roads like Freeway 15, which connects Los Angeles and Long Beach to Nevada and Central USA, were shut down. Truckers ... Read More »

Halifax is the fastest-growing North American port

The Port of Halifax, Canada, has recorded the highest growth in container volumes in the first half of the year of all North American ports. Container throughput at the port, which is located on the East coast of Canada, went up by 20% year-on-year, from 197,000 teu in the first six months of 2015 to 235,000 teu in the same period ... Read More »