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Hapag-Lloyd suffers loss

The company's revenue was down 13%

Germany-based shipping company Hapag-Lloyd has suffered a US$103m loss last year amid significantly lower freight rates. The group’s loss compares to a US$126m profit made the previous year. The company’s revenue went down by 13% year-on-year to US$8.5bn in 2016, mainly due to a 15% fall in the average freight rate to US$1,036/teu last year. The company’s transport volumes rose ... Read More »

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Maersk Container Industry launches new controlled atmosphere reefer

Maersk Container Industry (MCI) has launched an extension of its controlled atmosphere (CA) system, aiming to control the ripening process of low-respiring perishables such as blueberries and lychees. The Danish company hopes that the new system, named Star Cool CA+, will extend the market reach of high-value perishables so they can arrive at their destinations in optimal conditions without over-ripening ... Read More »

PSA reports growth in 2016 revenue

Pre-tax profit was down 6%

Singapore-headquartered port operator PSA International has reported a 3% year-on-year rise in revenue to US$3.7bn in 2016, owing to a strong showing by its container terminals outside Singapore. The group’s profit before tax was however down 6% year-on-year to US$1.4bn, a drop the company attributed in part to a higher depreciation rate. The company’s throughput went up by 5.5% year-on-year ... Read More »

Vahle completes Lázaro Cárdenas electrification

Lázaro Cárdenas Terminal had its first electrification project in 2011

Vahle has completed the electrification of the intermodal area at Lázaro Cárdenas Terminal (LCT) in Mexico. The area, which has had conductor rails in full operation since mid-March, will be served by electric rubber-tyred gantry (e-RTG) cranes. Depending on the daily business, the intermodal area is suitable for the use of up to four e-RTGs to handle containers. Last year, ... Read More »

Freight forwarder concerned over shipping alliances’ reshuffle

Miami-headquartered online freight forwarder iContainers has warned that the launch next week of the new shipping alliances will result in a shortage of options for freight forwarders. The company’s co-founder Carlos Hernández raised concerns over the impact of the shipping companies’ reshuffle reducing shipping options which were already affected by the recent collapse of South Korean carrier Hanjin Shipping. He ... Read More »

Seatrade orders energy efficient reefers from Carrier

Seatrade Group N.V. has acquired more than 2,400 Carrier Transicold PrimeLine container refrigeration units, including 2,000 featuring energy-saving technology. The PrimeLine units, installed primarily on 40-foot high-cube containers, have been acquired through lease and are being deployed in all trade routes served by the specialised reefer operator. Those with EDGE energy technology were specified with optional water-cooled condensers to support ... Read More »

UN rejects call to place Yemeni port under its supervision

Hodeidah port following the strikes in August 2015 (Credit: MSC)

The United Nations (UN) has rejected an appeal by the Arab coalition to place the port of Hodeidah, Yemen, under UN supervision. The Arab coalition’s call came after 42 people were killed in an attack on a boat carrying Somali refugees off the Yemeni coast for which the coalition claimed it was not responsible. According to reports last month, the ... Read More »

Global Ports suffers in weak Russian market

Total marine container throughput Global Ports’ facilities declined by 19% to 1.1m teu last year, as the terminal operator focused on premium services in a tough market. The Russian container market grew by 1% year on year in 2016, although capacity utilisation across the industry remained below 50%. According a company statement, its volume drop was attributable to a focus ... Read More »

DP World reports growth in 2016 profit

The company's revenue was up 4.9% on a reported basis

DP World has reported a 30% rise in profit to US$1.26bn last year thanks to the acquisition of the Jebel Ali Free Zone in the United Arab Emirates (UAE). On a like-for-like basis, which does not include the addition of new capacity at Jebel Ali Free Zone, Yarimca in Turkey, Stuttgart in Germany, Antwerp Inland in Belgium and Prince Rupert ... Read More »

AAPA expresses concern over Trump’s proposed 2018 budget

Kurt Nagle, AAPA's president and CEO

The American Association of Port Authorities (AAPA) has expressed concern over proposed cuts for port-related programmes outlined in President Trump’s Fiscal 2018 budget. According to the AAPA, federal support for port dredging and improvements, environmental enhancements and security could fall under the new administration’s funding recommendations, with potentially significant declines for most federally funded, port-related programmes. The budget included proposed ... Read More »

Lase launches straddle carrier positioning solution

Laser systems manufacturer Lase has launched a product for the exact positioning of straddle/van carriers under ship-to-shore (STS) cranes. The retrofittable solution, named LaseSPC – Straddle Positioning Crane, is a 2D measurement system consisting of two 2D laser scanners mounted on the water and landside sill beam. The straddle carriers are equipped with reference markers on all four portal legs. ... Read More »