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Monthly Archives: July 2017

China Merchants signs concession for Hambantota Port

The port will be able to handle several cargo types

China Merchants Port Holdings (CM Port) and the Sri Lankan government have agreed a 99 year concession agreement, worth US$1.12bn, for the development, management and operation of Hambantota Port. From the total investment, the Chinese state-owned port operator will pay the Sri Lanka Ports Authority (SLPA) US$974m for an 70% stake in Hambantota International Port Group (HIPG). Concerns that the ... Read More »

EU tells Belgium and France to end tax exemptions for ports

Antwerp will be the biggest port to be affected

The European Commission has given Belgium and France until the end of 2017 to abolish corporate tax exemptions currently granted to their ports, which are in breach of EU state aid rules. Profits by port operators must be taxed under “normal national corporate tax laws to avoid distortions of competition,” noted a statement from the EU. From January 1, 2018, ... Read More »

North Sea Terminal Bremerhaven upgrades to Navis N4

North Sea Terminal Bremerhaven GmbH & Co. (NTB) has successfully upgraded from Navis Express to the N4 terminal operating system (TOS). The terminal went live with N4 3.1 earlier this year without disruption to operations according to the software developer. The facility has achieved 30 moves per hour on average, although it hopes this level of productivity that the terminal ... Read More »

Konecranes benefits from Terex MHPS acquisition in interim results

The MHPS integration is ahead of schedule according to Konecranes CEO Panu Routila

Konecranes exceeded growth expectations in the first half of 2017 as orders received shot up by 68.4% to US$1.77bn. This was largely due to the acquisition of Terex’s Material Handling and Port Solutions (MHPS) for US$915m and US$22.8m in Konecrane shares. Elsewhere orders booked rose by 53.9% to US$1.87bn and sales grew by 49.9% to US$1.72bn. The adjusted EBITDA rose ... Read More »

CMA CGM and Bolloré agree to operate Kribi terminal

CMA CGM Group, Bolloré Transport Logistics (BTL) and Chinese group CHEC have signed a concession agreement to operate Kribi Container Terminal in Cameroon. The companies will run the facility for 25 years under a public-private partnership with Cameroon’s government, hoping to turn it into a hub for Africa’s Atlantic Coast and hinterland countries. The Port of Kribi is connected to ... Read More »

DP World posts 8% growth in first half of 2017

DP World handled 34m teu across all its terminals in the first half of 2017, an 8.2% year-on-year growth, while second quarter rates shot up by 10.7% year-on-year (YOY). All three DP World regions, Asia Pacific & India subcontinent, Americas & Australia and Europe, Middle East & Africa, experienced growth. Europe and the Americas posted significant growth of 9% and ... Read More »

Hybrid reachstacker in operation at Duisburg

Two such models are currently in operation

Duisburg Intermodal Terminal (DIT) has put a hybrid reachstacker from Konecranes into operation, the second of its kind worldwide. The first was the prototype which has been operating in Helsingborg for four years while a third will shortly be delivered to the Contargo Terminal in Emmelsum. The heavy-load stacker has a lifting capacity of 45 tonnes and consumes at least ... Read More »

Barcelona container volumes up 27%

Container throughput at the Port of Barcelona reached 1.3m teu for the first half of 2017, an increase of 27.2% year on year, in an indication of a boost resulting from dock worker strike action in Spain. With the likes of Algeciras having to divert vessels several times this year, the most notable increase occurred in transhipment containers, which rose ... Read More »

Port of Antwerp invests in Brazilian Port of Açu

Açu was chosen for its proximity to Minais Gerais

The Port of Antwerp plans to invest US$10m in Porto do Açu, a deep sea port which handles oil, gas, dry bulk, containers and other general cargo, in Rio de Janeiro state. The investment in the privately owned greenfield port complex will be made by the Belgian hub’s subsidiary, the Port of Antwerp International (PAI). According to the statement from ... Read More »