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Monthly Archives: April 2010

Is weighing containers really that difficult?

The UK Marine Accident Investigation Branch (MAIB) has recently published reports concerning a 2007 incident that occurred while the 868 teu containership Annabella was on passage in the Baltic Sea and the loss of the 4,419 teu MSC Napoli, which had to be run aground on a UK beach to avoid her sinking in the English Channel. Read More »

Virginia’s stable outlook

Port revenue bonds issued by the Virginia Port Authority (VPA) have received strong evaluations from two major bond rating agencies. Standard & Poor's gave its "A+" long-term rating with a "stable outlook" to the Port Facilities Revenue Refunding Bonds and affirmed that same rating and outlook for about US$217m in outstanding Port Facilities Revenue Bonds. Read More »

Konecranes confirms continuing market uncertainty

Figures for Q1 2010 just released by Konecranes reflect a disappointment that there is still no sign of a major upturn in the market. The order book at €641.3m was 19% lower than the corresponding period last year, although it was 5.7% higher than at the end of 2009. Read More »

Evergreen and Coscon to split services

To meet market demand, Evergreen Line and Coscon will divide the existing Far East and South Africa/East Coast South American (ESA) service, which is operated jointly by both carriers. The new routes effective mid-May 2010 will be the Far East – South America (ESA) service and Far East –Africa Express (FAX) service. Read More »

Hamburg Süd defies crisis

Suffering from the world economic and shipping crisis, Hamburg Sud’s 2009 shipment volume was 13% per cent down on the previous year with freight rates dropping significantly. Turnover consequently fell 28% to Euro 3.2bn compared with 2008. Read More »

Three new members for PEMA

The Port Equipment Manufacturers Association (PEMA) has welcomed three new members; load measurement technologies company Lasstec, cables and energy systems group, Prysmian and port management systems producer, Visy. Read More »