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Monthly Archives: November 2016

Mwani Qatar and Mihala agree to manage Hamad Port

The deal is a notable tie-up between the public and private sectors

Qatar Ports Management Company (Mwani Qatar) and Qatar Navigation (Milaha) have agreed to establish a new company, QTerminals, to manage Hamad Port. As per the agreement, the new company will be co-owned by Mwani Qatar (51%) and Milaha (49%) and will manage operations at Hamad Port as an independent company with its own board of directors, executives and staff. Hamad ... Read More »

Moin congestion leads to surcharges

CMA CGM is to implement an emergency port congestion surcharge at Puerto Limón-Moin following weeks of instability at the Costa Rican port. The surcharge of €100/teu (US$106/teu) will be placed on all import cargo transported by the French carrier to Costa Rica from December 1, 2016.   The Marseilles-based company issued a statement to customers, noting: “For several weeks, lines ... Read More »

Kalmar and SSAB to develop fuel cell forklift

The forklift project will last two years

Kalmar, part of Cargotec, and Swedish company SSAB are to develop a hydrogen-powered medium-range forklift truck. The aim is to find a more sustainable solution for SSAB and help it reduce carbon dioxide emissions at the site. The forklift truck to be developed will have a lift capacity of 9-18 tons and it will use hydrogen gas as fuel. As ... Read More »

Port of Philadelphia’s container capacity to double

A US$300m investment in the Port of Philadelphia is expected to at least double its container capacity. The investment project, which will include funding for the port’s infrastructure, warehousing and equipment, is set to start in 2017 with completion scheduled for 2020. Approximately US$200m of the total investment will be invested in the Port of Philadelphia’s largest maritime facility, the ... Read More »

European Commission approves Hapag Lloyd-UASC deal

The Commission was notified of the transaction on October 3, 2016

The European Commission (EC) has approved the proposed acquisition of the United Arab Shipping Company (UASC) by the German Hapag-Lloyd. The acquisition’s clearance is conditional on the withdrawal of UASC from the NEU1 consortium on the trade routes between Northern Europe and North America. Hapag-Lloyd offered the termination of UASC’s participation in the consortium to address the EC’s concerns that ... Read More »

CVS Ferrari sold to Italian companies

The deal is set to be completed by the end of 2016

Italian container handling equipment supplier CVS Ferrari has been sold to investment company Nord Est Investment Partners III (NEIP III) and Group Battioni Pagani’s sideloaders specialist BP Handling Technologies. The two Italian parties wholly acquired the company from the US Manitex International Inc. NEIP III, which is run by Finint & Partners, will have a 60% stake in the new ... Read More »

Maersk expects flat 2017 Brazilian exports

Maersk Line expects flat growth in Brazilian container exports next year, Maersk Line East Coast South America (ECSA) head has told CM. The carrier predicts Brazilian trade to grow by a negligible 1% in 2017, when imports are likely to go positive thanks to slowly increasing business and consumer confidence. Total Brazilian imports and exports went down by 2.5% in the ... Read More »

Vahle completes first phase of Tanjung Priok’s electrification

The project started in September last year

Mobile power and data solutions provider Vahle has completed the first phase of Tanjung Priok’s port electrification megaproject. The electrification of the New Priok Container Terminal One (NPCT1), a joint venture between Indonesia Port Corporation (IPC), Mitsui Co. Ltd., PSA International and Nippon Yusen Kabushiki Kaisa (NYK Line), started in September last year. The terminal’s new electrified rubber-tyred gantry cranes ... Read More »

Alphaliner: Another major shipping bankruptcy unlikely in near-term

Following Hanjin Shipping’s demise, another bankruptcy of a major container shipping line is unlikely in the near future according to Alphaliner, which believes industry stakeholders will learn to stave off a similarly disastrous result. Speaking at the Asian Logistics and Maritime Conference (ALMC), Tan Hua Joo, executive consultant at Alphaliner, blamed governmental blunders for Hanjin’s fall, while opining that state ... Read More »