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Monthly Archives: July 2015

Hutchison results hit by US and European economic struggles

Hutchison Port Holdings Trust (HPH Trust) reported a tough start to the year in its interim figures, as a weak market outlook limited container volume growth at its terminals to 2%. The terminal operator said that Europe’s woes were “more severe than originally anticipated”, depressing outbound cargoes from its Asian facilities. During the first half of 2015, pre-tax profits fell ... Read More »

New Qingdao terminal makes US$160m ZPMC order

Qingdao’s new automated terminal, Qingdao Qianwan Intelligent Container Terminal (QQCTI), has ordered seven ship-to-shore (STS) cranes and an unknown number of automatic stacking cranes (ASCs) and automated guided vehicles (AGVs) from ZPMC. The deal, worth US$160m excluding tax, was made after QQCTI had shortlisted three suppliers offering automated horizontal transport solutions. French manufacturer Gaussin Manugistique, which produces automotive intelligent vehicles ... Read More »

Russia and China to investigate lines for potential price-fixing

The Port of St Petersburg

Unidentified shipping lines will be subject to an investigation by Russian and Chinese authorities into whether they have fixed prices on the trade lane between the two countries. Alexander Kinyov, deputy head of the Russian Federal Anti-monopoly Service (FAS), said that the results of the investigation will be released midway through August. “This is a global market”, he said, “and ... Read More »

DP World places US$700m order with ZPMC for Dubai

The cranes will be delivered in 2018

DP World has ordered US$700m worth of quay cranes and rail cranes for its terminals in Jebel Ali, Dubai. The cranes will be delivered by ZPMC in 2018 and will be delivered to the three existing terminals at the port and the automated Terminal Four, which is not open yet. The company has yet to announce more details but a ... Read More »

Kalmar increases profit and orders

Finnish container handling equipment manufacturer Kalmar, part of the Cargotec group, has increased its operating profit and orders. Cargotec CEO Mika Vehviläinen put this down to Kalmar’s profit improvement programmes which were begun in 2013 and have now been completed ahead of schedule. In the Cargotec half-year interim report, he said: “Efficiency improvement in [Kalmar and Hiab] continues, but the ... Read More »

MSC discusses re-entry into Iran as sanctions lifted

A Mediterranean Shipping Company (MSC)  delegation has visited Iran after it was announced that sanctions on the country would be gradually lifted. Diego Aponte, the company’s President and CEO,  visited Tehran on 15 July and met with Mohammed Hossein-Dajmar, the managing director of the Islamic Republic of Iran Shipping Lines (IRISL). Aponte praised IRISL’s performance under the sanctions, which banned ... Read More »

First distribution centre at London Gateway Logistics Park opened

HE Sultan Ahmed Bin Sulayem, chairman of DP World and Robert Goodwill MP, parliamentary under-secretary of state for transport, opened the facility

The formal opening of London Gateway Logistic Park’s first distribution centre was held yesterday (20 July). The first phase of this high tech unit, which comprises 16,800 sq. m (180,000 sq. ft) of distribution and logistics space and 2,400 sq. m (25,000 sq. ft) of office space, has been finished to BREEAM “very good” standard, the world’s foremost environmental assessment ... Read More »

Maersk begins weekly service through Jaxport

The 4,400 teu AS Mariana alongside

The Port of Jacksonville (JAXPORT) has welcomed the 4,400 teu AS Mariana, the first ship in Maersk Line’s new weekly service to Asia through at the port’s Blount Island Marine Terminal. This addition service means that nine of the world’s top 10 global container carriers now offer their customers the opportunity to move containers into and out of Northeast Florida. ... Read More »

Further cost-cutting planned at Konecranes unless volumes increase

Konecranes has announced that further cost-cutting measures will be taken in its equipment business unless volumes increase. Speaking at the company’s second quarter results presentation, CEO Pekka Lundmark said that the company wants to increase its equipment business profit margin from 4% to 8%, while its service business aims for a profit margin of 12-13%. He continued to say that ... Read More »