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Monthly Archives: September 2013

Maersk to hike Latin American shipping rates

Maersk Line plans to raise its Latin American shipping rates by as much as 30% this year to staunch losses and to pay for 16 ships being built for the region, the company has said. The decision follows Maersk's struggles to recover from the world economic downturn. Read More »

LASSTEC sold to Conductix-Wampfler

LASSTEC sensors can also prevent severe container loading accidents

The Conductix-Wampfler Group, a leading manufacturer of systems for energy and data transmission to mobile equipment, has expanded its container handling equipment product portfolio by acquiring LASSTEC S.a.r.l., headquartered in Sciez, France. The acquisition contract was signed on September 23, 2013 with a mutual agreement to keep the purchase price confidential. Read More »

Boskalis awarded St Petersburg port dredging project

Royal Boskalis Westminster N.V. (Boskalis) has been awarded a contract by CJSC Baltstroy for the dredging and construction of the Bronka Port shipping channel in St Petersburg, Russia. The total value of the contract is approximately EUR 130m (US$176m) Read More »

Rotterdam and Gothenburg choose Liebherr

Liebherr straddle carriers in action

Liebherr Container Cranes, Killarney has secured an order for seven of its SC340S straddle carriers to ECT Delta Terminal in Rotterdam, the largest terminal in Europe and one of the continent’s major trade gateways. Read More »

Qualified support for IMO container weighing decision

The British International Freight Association (BIFA) is among those giving qualified support to last week’s decision by a sub-committee of the International Maritime Organization (IMO) to approve a compromise proposal for verifying the weight of containers before they are loaded on board ships. Read More »

Westports launches IPO

Port Klang’s largest operator Westports, handling roughly 69% of the port’s container volumes, has launched an IPO to sell a 23.8% stake in the company. Westports will not receive any of the proceeds from the IPO, which is aimed mainly to allow its shareholders which include Malaysia's state investor, Khazanah Nasional Bhd and Hutchison Port Holdings, to cash out part of their stakes. The shares will be listed on the Kuala Lumpur stock exchange from October 18, 2013. Read More »

Polish railways to upgrade line with EUR 235m loan

The upgraded line will allow freight trains to run at 120 km/hour

The European Investment Bank (EIB) is lending EUR 235m (US$ 317.5m) to PKP Polskie Linie Kolejowe (PLK) for the upgrading of 92.5 km of an existing electrified railway line from Warsaw to Radom. This is a continuation of the EIB’s previous cooperation with PLK. Including the current operation, the Bank has provided nine loans to PLK totalling EUR 1.65bn (US$2.23bn)to finance railway modernisation projects across Poland. Read More »