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Monthly Archives: June 2017

DP World and Kazakhstan collaborate on port community system

The signing was made at the Astana Economic Forum

DP World and the Kazakhstan government are set to build a port community system (PSC) to enable a Eurasian transcontinental trade corridor. PSC, an electronic platform developed by DP World company Dubai Trade will allow airtime, maritime and inland organisations to exchange information. The multimodal transport corridor aims to reduce delays, queues and duplication in Kazakhstan’s ports through paperless transactions. ... Read More »

Spain’s ports paralysed by 48 hour strike

Spanish ports have been hit with a 48 hour non-stop strike causing huge disruption for all 39 of their cargo ports. The strike began on Wednesday June 14, at 0800 and is the first non-stop strike to hit Spanish ports this year.  Up until now strikes taken place on alternate days for periods of one hour. The non-stop strike has ... Read More »

LA and Long Beach ports set to cut emissions

Los Angeles and Long Beach mayors Eric Garcetti and Robert Garcia have signed a joint declaration in a bid to cut emissions from the ports. The declaration set goals for the city-owned ports of Los Angeles and Long Beach to move to zero emissions as part of the two cities’ Clean Air Action Plan (CAAP) by introducing zero-emission yard equipment ... Read More »

New meter for Star Cool reefers

No data loss to third-parties is known to have occurred

Maersk Container Industry (MCI) has introduced an energy meter feature on all MCI Star Cool reefers which logs energy consumption in real time. Once a reefer fitted with the meter is turned on the data provided can be monitored via a modem or manually at any time during the voyage until it reaches its destination. This adds to Maersk’s Remote ... Read More »

Allianz: Improved safety is decreasing large shipping losses

Large shipping losses went down by 50% over the past decade and 16% year-on-year to 85 in 2016, a report by Allianz Global Corporate & Specialty SE (AGCS) has showed. In its fifth annual Safety & Shipping Review 2017, the insurance firm attributed the drop primarily to the development of a more robust safety environment by ship-owners. According to the ... Read More »

CMA CGM to acquire Mercosul Line

Maersk Line will lose Mercosul to gain Aliança

CMA CGM has agreed to acquire Brazilian cabotage carrier Mercosul Line from Maersk Line, which made the sale to comply with competition authorities over its acquisition of Hamburg Süd. A statement from the carriers noted that the sale would enable CMA CGM to strengthen its service offering to and from South America, most notably in Brazil and especially on cabotage ... Read More »

Japanese aid organisation buys stake in Cambodian port

The Japan International Cooperation Agency (JICA) has acquired a 13.5% equity stake in the Port Authority of Sihanoukville (PAS), Cambodia. The Japanese aid organisation, which has supported the country’s only deep-water seaport since 1999, bought the stake following the listing of PAS on the Cambodia Securities Exchange. The funds obtained via the initial public offering will be used to increase ... Read More »

COSCO Shipping Ports takes majority stake in Noatum Ports

Noatum Ports' assets include Noatum Container Terminal Valencia (NCTV)

COSCO Shipping Ports has agreed to purchase a 51% stake in Noatum Ports for €203m (US$227m), with Ocean Alliance cargo already beginning to switch to its terminals in Valencia and Bilbao. Once the deal is completed, current majority shareholder TPIH Iberia will hold the remaining 49% stake. Major assets of Noatum Ports include Noatum Container Terminal Valencia (NCTV), Noatum Container ... Read More »

Gävle Container Terminal expansion approved

The future new container quay at the terminal

The SEK200m (US$23m) project to expand Yilport Gävle Container Terminal has been approved by a unanimous municipal executive board in Gävle. The cost covers the expansion and reinforcement of the recently built just east of the terminal. The plan is to start construction works this autumn so that the quay will be ready for use in the summer of 2019. ... Read More »