Sunday , 17 December 2017
Latest News

Monthly Archives: July 2016

Trieste to deploy Navis N4 TOS

Navis has announced a new licensing agreement to implement its N4 terminal operating system (TOS) at the Trieste Marine Terminal (TMT), Italy. The terminal, which is located at the Port of Trieste in northern Italy, selected the company’s N4 TOS as part of a series of efforts to improve and modernise its cargo handling processes by optimising its operational cycle ... Read More »

Konecranes offers divestment to seal Terex MHPS takeover approval

Konecranes has offered to divest its STAHL CraneSystems business to meet the European Commission’s (EC) guidelines regarding its acquisition of Terex’s material handling and port solutions (MHPS) segment. STAHL CraneSystems, which is headquartered in Künzelsau, Germany, is a global supplier of hoisting technology and crane components. The divestment is meant to placate EC concerns about the supply of hoists in ... Read More »

Antwerp and Bandar Abbas sign collaboration agreement

Eddy Bruyninckx of Antwerp Port Auhority and Saeed Nejad from Iran's Ports & Maritime Organisation

Antwerp Port Authority has signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran. Under the terms of the memorandum of understanding (MoU), the port authorities of Antwerp and Bandar Abbas will join forces so that companies in both ports can collaborate closely and develop trade between the two regions. This will ... Read More »

Suez Canal Container Terminal’s throughput declines

SCCT's throughput has fallen in 2016

Throughput at the Suez Canal Container Terminal (SCCT) has fallen by nearly a quarter between 2015 and 2016. According to Cosco Pacific, which has a minority stake in the terminal, throughput has fallen 21% in the first six months of 2016 and 23% in June 2016. SCCT is the biggest of the two terminals at Port Said in Egypt, at ... Read More »

CMA CGM launches two new North Europe to India services

CMA CGM has launched two new services which will connect major Northern European ports with those in North-West India and Pakistan, via the Suez Canal. The Epic 1 service’s rotation is: Mundra, King Abdullah, Gioia Tauro, Tanger, Southampton, Rotterdam, Antwerp, Felixstowe, Dunkirk, Le Havre, King Abdullah, Djibouti, Port Qasim, Nhava Sheva, Hazira and Mundra. The Epic 2 service will call ... Read More »

Noatum orders six Konecranes RTGs

Konecranes RTGs are already in use at Noatum

Noatum Container Terminal in Valencia has ordered six rubber-tyred gantry cranes (RTGs) from Konecranes. The cranes will be delivered in spring 2017 and will add to the 21 Koncranes RTGs already at the port, which were bought in four separate orders. Gustavo Ferrer, Noatum’s terminal manager, said: “I have been working with Konecranes for years and we have a good relationship. ... Read More »

Hapag-Lloyd and the UASC sign agreement to merge

Hapag-Lloyd and the United Arab Shipping Company (UASC) have signed a Business Combination Agreement (BCA) to merge and assumed commitments related to the merger in a separate Shareholders Support Agreement (SSA). The merger, which is subject to regulatory and contractual approvals, is expected to be completed by the end of 2016. UASC’s majority shareholders, Qatar Holding LLC and The Public ... Read More »

Ports America exploring US$1bn sale

Ports America is reportedly exploring a sale which would value the company at US$1bn. The terminal operator’s owner, Highstar Capital, which is a private equity firm, is working with investment bank RBC Capital Markets LLC to find a buyer according to Bloomberg, Ports America currently has a network of 36 container terminals in 24 US ports, and holds approximately one ... Read More »

ICTSI secures US$302m financing for VICT’s construction

Construction of VICT will be completed in 2017

ICTSI’s subsidiary Victoria International Container Terminal (VICT) at the Port Melbourne has signed an A$398m (US$302m) syndicated loan facility with seven global financial institutions to support its terminal’s on-going construction. The institutions included Citibank N.A., KFW IPEX-Bank, Standard Chartered Bank as Mandated Lead Arrangers and Bookrunners, Bank of China Limited, DBS Bank Ltd., Investec Bank PLC as Mandated Lead Arrangers, ... Read More »