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Monthly Archives: December 2015

Patrick Ports falls in carriers’ perceptions

Australian shipping lines now rate DP World’s service as better than that of Patrick Ports’ owner Asciano, according to Morgans Australian Shipping Survey. Morgans’ report on the survey, which claims to capture the views of more than 80% of the shipping lines servicing Australia, said: “In previous surveys, Asciano led its peers by some margin on service perception. No Longer. ... Read More »

Davao Sasa Port modernisation criticised

Plans for a public-private-partnership (PPP) modernisation for Sasa Port in Davao, the southernmost island in the Philippines, have been criticised by local businessmen. The PHP19bn (US$420m) project will involve the development of the existing Davao Sasa Port in Davao City into a container terminal and five bidders will submit proposals in January 2016. These bidders comprise a DP World consortium, ... Read More »

US$1.9bn to be invested in Tianjin and Quanzhou

Abu Dhabi's Crown Prince and China's President agree a deal

DP world has announced that US$1.9bn will be invested in two Chinese port projects. A new US$1.2bn port will be built in Tianjin by 2018 for US$1.2bn and a new US$636m ‘smart’ container terminal will be built in Quanzhou port by 2017. DP World’s chairman Ahmed Bin Sulayem said that the 1.2m teu capacity terminal in Quanzhou will unload containers quickly and ... Read More »

Moody’s: Stable 2016 outlook for US ports

Expectations of continued economic growth and a steady rise in US container volumes mean the outlook for the US ports industry is stable for 2016 according to credit rating agency Moody’s. Moody’s analyst Moses Kopmar said: “We expect US container volume to grow 3% to 4% in 2016. Although weaker global demand and a strong US dollar have weakened export ... Read More »

World’s first Terex Quaymate M50 mobile harbour crane ordered

The crane is marketed at small ports

The world’s first Terex Quaymate M50 mobile harbour crane will be shipped to Australia at the beginning of 2016. The machine has been ordered by Perth-based equipment rental company Tehmar, which will lease it out to customers in the region. Tehmar’s owner Andrew Fox said: “With the Quaymate M50, we will be able to offer our customers a genuine compact ... Read More »

Well done Joe

Andrew Huxley of the TT Club presenting Joe with his award

CM truly does have an award winning team of journalists as demonstrated by Joe Lo winning the 2015 Seahorse Newcomer of the Year Award, which was sponsored by the TT Club. The Seahorse Club journalist award ceremony was held at the Loose Cannon in All Hallows Lane, in London on Tuesday evening December 8 and was attended by around 200 ... Read More »

COSCO – China Shipping merger details announced

Chinese state companies, China Ocean Shipping Company (COSCO) and China Shipping Group, have confirmed  the initial details of their merger, which will see the world’s sixth and seventh largest container shipping lines combine to create the fourth biggest global carrier. The pair will “reorganise” themselves into four entities comprising container shipping, ports and terminals, oil and gas transportation and finance. ... Read More »

ABB to provide automation solutions to Jebel Ali

Jebel Ali will reach a 22.1m teu capacity by 2018

Power and automation technology group ABB has announced that it will deliver automation and remote control solutions to port operator DP World’s US$1.6bn terminal 4 currently underway at Jebel Ali port in Dubai, United Arab Emirates (UAE). The group will provide automation and remote control solutions to the new terminal’s 13 ship-to-shore (STS) cranes and 35 automatic stacking cranes (ASC), ... Read More »

Consultants hired to make Nicaragua Canal assessments

Representatives of HKND and BMT

The Hong Kong Nicaragua Canal Development Group (HKND), which holds a 50-year concession to build the US$50bn Nicaragua Canal, has appointed consultantcy firm BMT Group to undertake a series of marine and port assessments. BMT Asia Pacific and BMT ARGOSS, subsidiaries of BMT Group, will look into the “business case” for the canal’s Pacific and Caribbean ocean ports, in an attempt to ... Read More »