Wednesday , 23 August 2017
Latest News

Monthly Archives: October 2015

Transnet announces slight growth in port container volumes

South African state-owned company Transnet has announced a 2.3% increase in its port container volumes to 2.34m teu during the six months to September 30, 2015 from the 2.29m teu handled in the same period last year. According to the company, the increase was due to a “marginal increase in import and export containers, in line with the subdued economic ... Read More »

Suez Canal toll revenues down

Suez Canal toll revenues fell by 4.4% in September

Suez Canal toll revenues fell by 4.4% in September, the first full month of operations since the waterway’s expansion was inaugurated. Figures released by the Suez Canal Authority (SCA) showed that toll revenues slipped to US$448.8m in September, down 4.4% from US$469.8% at the same time last year. Overall in the first nine months of 2015, toll revenues totalled US$3.9bn, ... Read More »

Cosco leaks reveal divisions over CSCL merger and separate corruption details

Leaked minutes from a closed-door speech have revealed details of corruption within Cosco as well as divisions over the proposed merger with fellow Chinese state-owned firm China Shipping Container Lines (CSCL). The minutes, which were reported by Beijing Daily’s official Wechat account and reproduced by several news outlets before being deleted, concern a speech by Cosco’s new discipline inspection head, ... Read More »

Hapag-Lloyd delays IPO following Maersk’s reduced profit warning

Potential investors in Hamburg-based Hapag-Lloyd will have to wait an extra week

Container shipping line Hapag-Lloyd has extended the offer period for its initial public offering (IPO) by one week until November 3, 2015. According to a term sheet that came out before the announcement, the IPO was likely to be priced at the bottom of a range of €23 (US$25.1) to €29 (US$31.7) per share. The move follows Maersk’s reduced profit ... Read More »

Terex supplies rubber-tyred portal harbour crane to Kramer Group in Rotterdam

The portal crane in action

The Kramer Group has begun operating a new diesel-electric rubber-tyred portal harbour crane from Terex at its terminal in Rotterdam, the Netherlands. Coming in the G HRK 2304 variant, the Terex Gottwald Model 2 crane belongs to the small crane family of Terex Port Solutions (TPS), which according to the manufacturer, offers the mobility of a conventional mobile harbour crane ... Read More »

DP World throughput only up 3% as market remains challenging

DP World’s container volumes grew by 3.2% in like-for-like terms across its global terminal portfolio during the first nine months of 2015 as its European and UAE-based facilities cushioned the impact of tough economic headwinds. The Dubai-based company handled 46.5m teu, up 3.7% on a reported basis, while its consolidated terminals handled 21.9m teu, a like-for-like increase of 2.5% and ... Read More »

GCT Canada begins phase two of Deltaport Terminal road and rail improvement project

Deltaport Terminal Road and Rail Improvement Project is being implemented in four phases

Terminal operator Global Container Terminals Inc. (GCT) Canada has announced that it has broken ground on its Deltaport Intermodal Yard Reconfiguration project, the second phase of the Deltaport Terminal Road and Rail Improvement Project (DTRRIP). DTRRIP’s phase two, for which construction is taking place between 2015 and 2017, includes rail track changes and additional container handling equipment within the existing ... Read More »

Port of Antwerp visits Iran

The Port of Antwerp has visited Iran to make contact with official bodies following the announcement that sanctions on the country would be gradually lifted. A delegation from the port, including port alderman and port authority’s chairman Marc Van Peel as well as petrochemical and shipping experts, met in Tehran with various ministries, petrochemical organisations and private companies in the ... Read More »

Singapore explores two-tiered option for new port in Tuas

Singapore is considering using a two-tiered container terminal at the new port in Tuas, Maritime & Port Authority (MPA) of Singapore’s CEO Andrew Tan has reportedly announced. While speaking at the 5th Singapore Maritime Institute (SMI) Forum, Tan said that the port is exploring ideas to use a double-tiered container terminal in order to break the current berth capacity ceiling, ... Read More »