Wednesday , 27 July 2016
Latest News

Top News

Ship collides with Panama Canal’s new locks

The Xin Fei Zhou suffered damage

A container ship has hit the wall of the Panama Canal’s new  locks. The 8,500 teu China Cosco Xin Fei Zhou collided with the walls of the Agua Clara locks on Thursday afternoon. Before the expanded Panama Canal opened on June 26, various organisations had raised concerns over whether it was safe to replace mules with tugboats. Insurers and workers’ unions ... Read More »

News

Deadline for Colombo concession extended

The Sri Lanka Ports Authority (SLPA) has extended the deadline for expressions of interest in the pre-qualification stage to build and operate an expanded terminal in Colombo. The deadline for interest in the East Container Terminal has been extended until 21 August 2016, according to local media. The original deadline was 21 July and the country’s ports minister said that ... Read More »

MSC joins CMA CGM in supporting French start-up

The Mediterranean Shipping Company (MSC) has joined CMA CGM in investing capital in a French start-up providing container monitoring and coordination systems. As part of the agreement, the carriers are both represented on Traxens’s board of directors. The company’s container monitoring devices will be deployed across MSC’s fleet starting from the fourth quarter of 2016. CMA CGM has supported the ... Read More »

Konecranes cost-cutting delivers profit

Operating profit at Konecranes rose by 2.9% in the first half of the year to €28.9m as the firm reduced costs by laying off workers and reducing its equipment manufacturing capacity. The adjusted figure for operating profit, excluding restructuring costs and transaction costs related to the Terex material handling and ports solutions (MHPS) takeover, increased by 27.3% to €50.8m. Between ... Read More »

G6 alliance reduces transpacific services

Carriers have been cutting services to ports like Oakland

The G6 alliance is set to merge two of its transpacific services into one because of low demand. The alliance is the latest carrier to cut capacity on the Asia-US West Coast (USWC) route because of low freight rates and a lack of trade. In April 2015, the G6 alliance started running a CC2 transpacific service as well as its ... Read More »

Hong Kong port operators call for additional berths

Lack of space is a problem in Hong Kong

The Hong Kong Container Terminal Operators Association (HKCTOA) is urging the government to provide additional barge berths and back up land to “restore the competitiveness” of Hong Kong Port. Container volumes fell by as much as 10% at the port last year and a prolonged decline has seen it fall from the busiest container port in the world in 2004 ... Read More »

Trieste to deploy Navis N4 TOS

Navis has announced a new licensing agreement to implement its N4 terminal operating system (TOS) at the Trieste Marine Terminal (TMT), Italy. The terminal, which is located at the Port of Trieste in northern Italy, selected the company’s N4 TOS as part of a series of efforts to improve and modernise its cargo handling processes by optimising its operational cycle ... Read More »

Konecranes offers divestment to seal Terex MHPS takeover approval

Konecranes has offered to divest its STAHL CraneSystems business to meet the European Commission’s (EC) guidelines regarding its acquisition of Terex’s material handling and port solutions (MHPS) segment. STAHL CraneSystems, which is headquartered in Künzelsau, Germany, is a global supplier of hoisting technology and crane components. The divestment is meant to placate EC concerns about the supply of hoists in ... Read More »

Antwerp and Bandar Abbas sign collaboration agreement

Eddy Bruyninckx of Antwerp Port Auhority and Saeed Nejad from Iran's Ports & Maritime Organisation

Antwerp Port Authority has signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran. Under the terms of the memorandum of understanding (MoU), the port authorities of Antwerp and Bandar Abbas will join forces so that companies in both ports can collaborate closely and develop trade between the two regions. This will ... Read More »

Suez Canal Container Terminal’s throughput declines

SCCT's throughput has fallen in 2016

Throughput at the Suez Canal Container Terminal (SCCT) has fallen by nearly a quarter between 2015 and 2016. According to Cosco Pacific, which has a minority stake in the terminal, throughput has fallen 21% in the first six months of 2016 and 23% in June 2016. SCCT is the biggest of the two terminals at Port Said in Egypt, at ... Read More »

CMA CGM launches two new North Europe to India services

CMA CGM has launched two new services which will connect major Northern European ports with those in North-West India and Pakistan, via the Suez Canal. The Epic 1 service’s rotation is: Mundra, King Abdullah, Gioia Tauro, Tanger, Southampton, Rotterdam, Antwerp, Felixstowe, Dunkirk, Le Havre, King Abdullah, Djibouti, Port Qasim, Nhava Sheva, Hazira and Mundra. The Epic 2 service will call ... Read More »