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Monthly Archives: March 2017

CMA CGM suffers US$325m loss

French shipping company CMA CGM has suffered a US$325m net loss last year, which compares to a US$567m profit in 2015. The loss made including the contribution of NOL, which the company acquired in June 2016, was equal to US$452m. While the company’s revenue was up 1.9% year-on-year to US$16bn including NOL’s contribution, it was down 14.7% to US$13.4bn on ... Read More »

Volumes up 9% at South Carolina ports

The SCPA broke ground on Inland Port Dillon last week

Container volumes at South Carolina Ports Authority (SCPA) rose by 9% in February on a fiscal year-over-year basis. SCPA handled 175,820 teu last month, an 11% increase over February 2016, bringing the port authority’s total fiscal year-to-date volume to almost 1.4m teu. Jim Newsome, SCPA president and CEO, stated: ” Last month’s volumes reflect strong growth over last year, and ... Read More »

Textainer purchases RAM’s software

Intermodal container leasing company Textainer has purchased Real Asset Management (RAM)’s fixed asset software to comply with new corporate governance requirements. The new software, which will help the company meet IFRS and US GAAP regulations, whilst also assisting with the upcoming IFRS 16 lease accounting rules that will become effective in 2019, replaces an older in-house system. In addition to ... Read More »

Iranian shipping line weighs up London IPO

Islamic Republic of Iran Shipping Lines (IRISL) is eyeing up a listing on the London Stock Exchange (LSE) but US sanctions have thus far proved to be an obstacle for banks according to Reuters. Iran’s biggest shipping line is looking to raise funds to modernise its fleet, having already ordered new ships at an estimated cost of US$626m. Conflicting reports ... Read More »

CMA CGM launches direct Morocco-Russia service

The new service will connect Agadir to Saint Petersburg directly

French shipping company CMA CGM is launching a new direct service between Morocco and Russia expected to improve conditions for the delivery of fruits and vegetables. The enhanced weekly AGAX service will be able to deliver Moroccan produces to Russia in only eight days without any stopover. The service, which is provided by CMA CGM and its subsidiaries OPDR and ... Read More »

New rail service from Antwerp to Rhine-Ruhr-Main region

H&S Container Line is introducing an additional round trip rail service between Andernach in Germany and the two container terminals in the Deurganck dock in the port of Antwerp. H&S already operates on this route, but is raising the frequency to twice per week with the assistance of financial support from Antwerp Port Authority. The support offered to H&S Container ... Read More »

HHLA’s Burchardkai terminal orders Kalmar straddle carriers

Container Terminal Burchardkai (CTB) is has made straddle carrier purchases before

Kalmar, part of Cargotec, has signed an order with Hamburger Hafen und Logistik AG (HHLA), for 11 diesel-electric straddle carriers. The order, which was booked in Cargotec’s 2017 first quarter order intake, follows a 2016 order for nine machines. Jens Hansen, managing director of Container Terminal Burchardkai (CTB), said: “We’re facing increasing pressure to reduce operating costs and cut noise ... Read More »

PSA starts collaboration with Singapore Institute of Technology

Port operator PSA has signed an agreement with the Singapore Institute of Technology (SIT) to improve PSA staff’s ability to handle and work with smart systems. Under the terms of the new Memorandum of Understanding (MOU), SIT’s education unit SITLEARN will develop and deliver a Systems Engineering training programme for PSA engineers and PSA Engineering and Infocomm Technology (ICT)’s employees. ... Read More »

New overtime ban set at APMT Gothenburg

The ban is part on an ongoing labour dispute

The Swedish Dockworkers’ Union has issued notice of a new overtime ban entering into force today afternoon at the Port of Gothenburg’s APM Terminals (APMT)-operated container terminal. The ban, which is part of an ongoing labour dispute, is expected to continue until midnight on April 30 unless the dispute is resolved earlier. The planned ban includes overtime, the recruitment of ... Read More »