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Monthly Archives: October 2015

Kalmar announces increase in profits and orders in third quarter

Finnish container handling equipment manufacturer Kalmar, part of Cargotec, has announced that its operating profit and orders increased during the third quarter of 2015. The company reported a 15.64% increase in its operating profit from €30.7m (US$35m) in the period between July and September 2015 to €35.5m (US$40.3m) in the same period last year. In the first nine months of ... Read More »

APM Terminals Izmir gears up for 2016 opening

STS cranes arriving in Izmir

New deep-water terminal APM Terminals Izmir has received five rubber-tyred gantry cranes (RTGs) and two ship-to-shore (STS) cranes as it prepares for its first expected vessel call in March 2016. One more STS crane and five additional RTGs are scheduled to arrive in December 2015, enabling the 1.3m teu facility to handle ships of up to 16,000 teu capacity. The ... Read More »

Lack of automation projects hurts Terex results

A shortage of automation projects has hit Terex Port Solutions (TPS) with the combined material handling and port solutions (MHPS) business recording a US$102m fall in third quarter net sales. The backlog of the MHPS segment, defined as firm orders that are expected to be filled within one year, now only stands at US$44m worth of automation projects, down from ... Read More »

Konecranes plans further cost-cutting programme

Teo Ottola said that radical cost cuts are being planned

Finnish container handling equipment manufacturer Konecranes has told investors that it is preparing a major structural cost-cutting programme but was not ready to announce the details yet. The company is aiming to increase its equipment business profit margin from 4% to 8% while the service business aims for a margin of 12-13%. To achieve this, the company is currently pursuing ... Read More »

Certus Port Automation wins Maher Terminals port automation project

US-based port operator Maher Terminals has chosen Dutch company Certus Port Automation to replace and upgrade the truck gate automation systems at the Port of Newark, New Jersey. The first phase of the project will include the renewal of the OCR Portals for inbound and outbound traffic, as well as the replacement of the driver pedestals and related equipment throughout ... Read More »

Indonesian protectionist laws stop Maersk from investing

Rini Soemarno said Maersk were interested in Indonesian shipping

Indonesian laws requiring majority owners of shipping companies to be from Indonesia has stopped Danish company Maersk Line from investing US$3bn, according to government minister Rini Soemarno. The Indonesian state-owned enterprise minister told Investor Daily that Maersk Line has expressed interest in investing in domestic Indonesian shipping but only if it was the majority owner. A 2008 law states that ... Read More »

US consumers propping up global container throughput

A Drewry chart shows that US container imports are faring better than global throughput

Analysts at Drewry and Moffat and Nichol have claimed that growth in US imports is propping up global container trade, which otherwise is struggling. Walter Kemssies, chief economist at Moffat and Nichol, told the TOC Americas conference on October 13, 2015, that consumers in the US will support global growth, as Chinese growth slows. A report from Drewry backed this ... Read More »

Trelleborg takes over Maritime International

Trelleborg Offshore & Construction, part of the Sweden-based global engineering group Trelleborg, has announced that it has completed the acquisition of the US-based privately-owned manufacturer Maritime International, Inc. Trelleborg, which has annual sales of about SEK 22bn (US$2.6bn) in 44 countries, said that it hopes the acquisition will strengthen its presence in berthing, docking and mooring in North America. Richard ... Read More »

APM Terminals to acquire 100% of Grup Maritim TCB in US$1bn deal

Grup TCB's terminal in Barcelona

APM Terminals (APMT) has upped its agreed stake in Grup Maritime TCB from the 61% share it announced last month to a full 100% stake in a US$1bn transaction. Following the agreement with Perez y Cia for its majority share in the Spanish terminal operator, the Maersk-subsidiary has now signed agreements with the minority shareholders for their remaining share. Capital ... Read More »