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Monthly Archives: January 2016

Shanghai reports net profit fall

Shanghai’s main terminal operator Shanghai International Port Group (SIPG) has announced its first profit fall in four years in its 2015 preliminary annual results. The company reported on January 11, 2016 that it expected a net profit of 6.5bn yuan (US$0.99bn) in 2015, a 4% fall from 6.8bn yuan (US$1.03bn) in 2014 amid China’s economic slowdown. According to Eikon, a ... Read More »

Navis appoints new president

Cargotec has announced that Benoit de la Tour was appointed as the new president of Navis and Kalmar’s head of software business and as of February 1, 2016. Once De la Tour has joined Navis, which together with Kalmar is part of Cargotec, the provider’s current interim CEO Rob Dillon will return to his role as CFO of the company. ... Read More »

China Merchants to take 21% stake in Dalian

Dalian is the 14th biggest container port in the world

China Merchants Holdings has announced that it will purchase a 21% stake in Dalian Port. Dalian Port will issue shares which China Merchants will purchase for HK$4.2bn (US$540m) or HK3.67 per share (US$0.47) per share. These shares represent 27% of the existing share capital of Dalian Port and 21% of the share capital after they were issued. China Merchants, a ... Read More »

Concerns over global sulphur cap enforcement

Industry figures have told CM they are concerned about whether the global sulphur cap of 0.5% will be enforced once it is introduced. The cap will be introduced either in 2020 or in 2025, depending on the results of a study which the IMO is currently undertaking. Hapag-Lloyd’s director of environmental fleet management Wolfram Guntermann told CM: “Looking ahead to ... Read More »

GCT Deltaport orders 12 Konecranes RTGs

The cranes will be delivered to Deltaport

Canadian terminal operator Global Container Terminals (GCT) has ordered twelve rubber-tyred gantry cranes (RTGs) from Konecranes. The RTGs will be delivered to GCT Deltaport in Vancouver and will be able to stack one over five and have a lifting capacity of 40 tonnes. The cranes will be hydraulics-free and feature diesel fuel-saving and active load control technologies. The first six ... Read More »

Mombasa set to benefit from new road

The construction of the new Sh3.1bn (US$31m) Port Reitz project linking the newly constructed container terminal at the Port of Mombasa, Kenya, to the country’s main road system has been launched. The road project, which is expected to decrease congestion in the city of Mombasa and increase trade in the East-African region, includes the construction of a 6.4 km access ... Read More »

US rail company orders 60 Kalmar terminal tractors

Kalmar sold a total of over 2,500 Ottawa T2 units

Kalmar has announced that it has received an order for 60 Ottawa T2 off-highway terminal tractors from US railway consultancy Rail Management Services. The 60 new terminal tractors will join the 100 Ottawa units that the US company has purchased over the past three years. According to Kalmar, the tractors are characterised by a driver focused design, an ergonomic cabin, ... Read More »

ZIM delays IPO and its CEO resigns

Zim Integrated Shipping Services Ltd. has announced that Rafi Danieli is resigning from his role as CEO. The announcement comes three days after an Israeli newspaper claimed that the carrier delayed an initial public offering (IPO) on Wall Street reportedly planned for the first half of 2016. Read More »

Egypt set to re-open bridge over Suez Canal

The bridge has been closed since 2013

The Egyptian Army has said that it is planning to re-open the Al-Salaam Bridge over the Suez Canal within days. The bridge, which is the main gateway to the Suez Canal Container Terminal (SCCT), closed in September 2013 due to fears militants opposed to the country’s ruler Abdel Fatah el-Sisi could plant a car bomb on it. However, the Army ... Read More »