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Monthly Archives: October 2015

Yemen government in talks with DP World to repair Port of Aden

Senior Yemeni government officials have met with container terminal operator DP World to discuss bilateral collaboration and the restoration of operations at the government-controlled Port of Aden, which has been affected by the country’s ongoing conflict. Yemen transport minister, Badr Mubarak Ba-Salma, led a delegation which spoke to Sultan Ahmed bin Sulayem, chairman of DP World, and other senior officials ... Read More »

International Chamber of Shipping slams International Transport Forum’s suggestion for a carbon tax

The International Chamber of Shipping (ICS) has attacked the recommendation for a carbon tax on shipping made by the International Transport Forum (ITF) in a policy brief authored by its administrator for ports and shipping, Olaf Merk. The ICS questioned why international shipping should accept a carbon price of US$25 per tonne of CO2, as proposed by Merk, which it ... Read More »

Thumbs up from credit ratings agencies to South Carolina Ports Authority

South Carolina Ports Authority earned ratings of A1 and A+ respectively

Two of the big three credit ratings agencies have issued positive credit ratings for the South Carolina Ports Authority (SCPA)  this week, citing its solid financial position, a growing regional economy, significant capital support and a strong operating profile. Moody’s Investors Service issued an A1 rating with a stable outlook to the 2015 bonds as well as the US$155 million ... Read More »

APMT orders cranes for new Vado terminal

The new facility's construction site

APM Terminals (APMT) has signed an agreement for the construction and delivery of four ship-to-shore (STS) cranes and 14 automated rail-mounted gantry cranes (ARMGs) for the new APMT Vado terminal now under construction on Italy’s Ligurian coast. The new facility, the first new major port construction in Italy in several decades, is scheduled to open in January 2018 with an ... Read More »

Carbon tax on shipping among ITF’s recommendations ahead of UN climate change conference

A carbon tax for the shipping sector, an absolute emissions target and more responsibility for the International Maritime Organisation (IMO) are among the recommendations outlined in a policy brief published by the International Transport Forum (ITF), a politically independent part of the OECD. The report, authored by Olaf Merk, administrator of ports and shipping at the ITF, was published in ... Read More »

Konecranes receives repeat order for RTGs from Bolloré Africa Logistics

Finnish equipment manufacturer Konecranes has announced that it will deliver 13 rubber-tyred gantry (RTG) cranes to the container terminals operated by the logistics company Bolloré Africa Logistics in Cotonou, Benin, and Lomé, Togo. The order for the RTG units, which is the second one received by the manufacturer from the two West Africa’s terminals, is expected to be completed in ... Read More »

PSA lays foundation stone for new terminal at Jawaharlal Nehru Port in Mumbai

Indian prime minister Narendra Modi and PSA CEO Tan Chong Meng (furthest left and right) attended the ceremony

The foundation stone has been laid at Bharat Mumbai Container Terminals Private Ltd (BMCT), the fourth container terminal in Mumbai’s Jawaharlal Nehru Port (JN Port). Indian prime minister Narendra Modi, shipping minister Nitin Gadkari and Anil Diggikar, chairman of the Jawaharlal Nehru Port Trust (JNPT), were among those in attendance at BMCT, which is a wholly-owned subsidiary of PSA Bharat ... Read More »

Yildirim Group to sell all its shares in CMA CGM

French shipping company CMA CGM has revealed that the Turkish conglomerate Yildirim Group wants to sell its 24% stake in the carrier. The Saade family, which runs CMA CGM and currently owns the remaining stake, will reportedly buy back Yildirim’s shares which were acquired in two stages for US$600m. Yildirim made a US$500m investment in the ocean carrier in 2011 ... Read More »