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Monthly Archives: June 2015

Callao dockworkers agree to end strike

APM Callao's North terminal which it has operated since April 2011

The dockworkers’ union at Peru’s biggest port, Callao, has reached agreement to end a three-week strike APM Callao’s North terminal, with provisions that include improved benefits and modifications to a system for scheduling shifts, The stoppage since May 13, 2015 has held up imports and will likely stoke inflation, according to an exporters’ association General secretary Geraldo Honores said that ... Read More »

Eurotunnel sells ships to Danish DFDS Group

Calais to Dover ferry MyFerryLink

Eurotunnel, the operator of the undersea rail link between the UK and France has reluctantly sold its subsidiary the Calais-Dover ferry business MyFerryLink, to Channel Tunnel competitor Danish DFDS Group following a competition ruling. Eurotunnel bought the SeaFrance ferry business for £51m (US$78m) when that firm went out of business in 2012.  Eurotunnel is a forced seller of the service ... Read More »

Fourth KAP berth boosts port operation capacity

KAP is equipped with the largest cranes in the world

In less than six months from delivering the third berth, Ports Development Company(PDC), the owner and developer of King Abdullah Port (KAP), has handed over the fourth berth at KAP to National Container Terminal Co. after fulfilling all Saudi coastguard and customs requirements. According to PDC, the new berth has been constructed to the highest international standards. Equipped with the ... Read More »

Transnet and unions agree a three year wage settlement

South Africa’s Transnet and the trade unions representing non-management staff have concluded an unprecedented three year wage agreement, which promises stability at the country’s ports and rail and other Transnet divisions. Members of the Satawu and UNTU unions have agreed on 7%, 7.5% and 8.25% wage, night shift and standby allowance increases for the next three years including 2018. There ... Read More »

Indian Shipping Minister says government will not privatise ports

Indian shipping minister, Nitin Gadkari has said that the government has no plans to privatise India’s ports and is instead seeking to find alternatives to “corporatisation”. In February, finance minister Arun Jaitley’s budget had laid out intentions to corporatise state-owned ports, saying: “Ports need to attract investments as well as leverage the huge land resource lying unused with them and ... Read More »

Port of Gothenburg completes quay expansion ahead of schedule

Gothenburg's expansion project has taken three years

The Port of Gothenburg has announced the completion of a 900m quay expansion project, three months ahead of schedule. The expansion project has taken three years, costing an estimated SEK450m (US$53.5m), leaving the port now ready to receive large ocean-going container ships. Mats Ransgård, project manager at the Port of Gothenburg, said: “We now have a strong, durable quay at ... Read More »

APM Terminals commits to Georgian port investment

APM Terminals (APMT) has announced its commitment to an infrastructure development project at the Black Sea terminal at the Port of Poti, Georgia. The terminal operator has outlined plans to invest in the infrastructure of a proposed multi-purpose, deep-water hub serving Georgia, the Caucasus and Central Asia. APMT Poti deputy managing director Joseph Crowley, said: “APM Terminals is committed to ... Read More »

Maersk mega ship calls at Jeddah’s Red Sea Gateway Terminal

The Mayview Maesrk mega vessel calling at the Red Sea Gateway Terminal (RSGT) at the Port of Jeddah.

The Jeddah Islamic Port (JIP) has announced the welcomed arrival of the MV Mayview Maesrk mega vessel, which called at its Red Sea Gateway Terminal (RSGT). The Mayview Maersk is one of the largest container vessels in the world and marked the second arrival of a mega vessel in two months at RSGT, bolstering the facility’s ambition of attracting larger ships. Nabeel ... Read More »

Saigon Port confirms initial public offering for June

Vietnam’s Saigon Port has confirmed its initial public offering (IPO) for 30 June as the port sells 20-25% of its southern port. The IPO plan will ensure that the state holds at least 51% of the company’s charter capital after the privatisation, a factor that rules out the company Vinegroup, a leading property developer that has expressed an interest in buying ... Read More »