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Monthly Archives: October 2016

Capacity Trucks to use Volvo Penta’s engines

Volvo Group’s engines manufacturing subsidiary Volvo Penta of the Americas has announced that it will supply its EPA Tier 4 Final engines to US-based terminal trucks supplier Capacity Trucks for its Sabre terminal tractors line. Volvo Penta’s 214 hp engine is set to be deployed at the US Port of Long Beach, while the company’s lower power 173 hp unit ... Read More »

Portek signs collaboration agreement with Vahle

Turnkey port engineering services provider Portek Systems & Equipment and mobile electrification systems supplier Vahle have signed an agreement to enhance their collaboration in the South-East Asia market. The agreement includes the two companies’ collaboration on a practical market development project scheme to market Vahle’s products in the region, with Portek becoming the only representative of Vahle’s port technology systems ... Read More »

Liebherr to deliver Caribbean’s biggest mobile harbour crane

The unit will significantly boost the facilities' operational capacity

Germany-based equipment manufacturer Liebherr Maritime Crane has announced the delivery of  its LHM 600 mobile harbour crane (MHC) to the Port of Kingston, Jamaica. The new crane, which is claimed to be the biggest crane operated in the Caribbean, is starting operations this month at Kingston Wharves Limited’s multipurpose terminal at the port. The Port of Kingston already operates Liebherr’s ... Read More »

PSA enters China’s railway container sector

Singapore-based port operator PSA has invested in a Sino-Foreign joint venture (JV) established to develop and operate 18 railway container terminals across mainland China. With the investment, PSA became the first global terminal operator owning shares in China United International Rail Containers Co., Limited (CUIRC), which has a mandate from the government of the People’s Republic of China to create ... Read More »

JV developing new Brazilian port signs deal with dredging company

The port will be located in the Municipality of Presidente Kennedy

A joint venture (JV) including the Port of Rotterdam has signed an agreement with dredging company Van Oord Dredging and Marine Contractors for the development and construction of a new multipurpose port in Brazil. The JV Porto Central S.A., which also includes the Brazilian logistics company TPK (Terminal Presidente Kennedy) Logística, was established in April 2014 for the development of ... Read More »

ACP launches tender for Corozal terminal concession

The expanded Panama Canal was officially inaugurated in June this year

The Panama Canal Authority (ACP) has issued a request for proposals (RFP) to four pre-qualified port operators for the 20-year concession to design, finance, build and operate a new container terminal at the canal’s Pacific entrance. The pre-qualified operators include AP Moller Group’s APM Terminals (APMT), PSA International, CMA CGM’s Terminal Link and Mediterranean Shipping Company (MSC)’s Terminal Investments Limited ... Read More »

Hempel fires four employees for alleged bribery

Coating supplier Hempel has announced that it launched internal audits and dismissed four employees in its German branch as local authorities investigate on alleged bribes scandal. German authorities are currently investigating whether alleged bribes in relation to ship managers and ship owners were made by employees at Hempel Germany. After acknowledging the authorities’ investigation, the company started its own by launching ... Read More »

Koper buys first of Konecranes Boxporter RMGs

The Boxporter RMG was introduced to the market in June

The Port of Koper in Slovenia has bought the first of Finnish manufacturer Konecranes’ recently launched Boxporter rail-mounted gantry crane (RMG) units. The company, which introduced the new Boxporter RMG to the market at the TOC Europe exhibition in June this year, is expected to deliver the unit to the port’s operator Luka Koper in 2017. The unit is a ... Read More »

Drewry: Carriers’ financial stability hits record low

Maritime analyst Drewry has announced that its carrier financial stress index hit the lowest ever point since its creation following carriers’ release of their first-half 2016 results. The fall in Drewry’s Z-score index, established during the 2008-2009 financial crisis, also coincided with the steep fall in container freight rates, which decreased to historical lows in the second-quarter of 2016. In the ... Read More »