Tuesday , 19 September 2017
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Monthly Archives: September 2017

COSCO takes full ownership of APMT Zeebrugge

The China Shipping Globe at APMT Zeebrugge

COSCO Shipping Ports has bought APM Terminals’ (APMT) 76% majority stake in the existing APMT Zeebrugge container terminal for €35m (US$41m), giving it the full shareholding. The purchase follows multiple key investments made by the Chinese state-owned terminal operator in Europe over the last few years including in Piraeus, Vado and Euromax Terminal Rotterdam. As part of the transaction, APMT has ... Read More »

Port of Grangemouth to expand container terminal

Scotland’s largest container facility, the Port of Grangemouth, is undergoing resurfacing development as part of an expansion. This investment of £1m (US$1.3m) will upgrade the container terminal’s surfacing to increase the quality, capacity and speed of servicing vessels with further investment planned for 2018. The work is being carried out by Luddon Construction and will be finished in October. The ... Read More »

NY/NJ handles 14,400 teu vessel following Bayonne Bridge raising

The CMA CGM Theodore Roosevelt

The 14,400 teu capacity vessel, CMA CGM Theodore Roosevelt has become the largest container ship to call the Port of New York and New Jersey after arriving at APM Terminals (APMT) Elizabeth container terminal. The ship also became the largest vessel to pass under the raised roadbed of the Bayonne Bridge, which now gives air draught clearance to vessels of ... Read More »

Hyundai Merchant Marine trials blockchain service

Hyundai Merchant Marine (HMM) has completed its first blockchain pilot voyage, with the technology used for everything from shipment booking to cargo delivery. The vessel carried reefer containers from South Korea’s Busan port to China’s Qingdao port, and HMM has reviewed the feasibility of adopting the technology into shipping and logistical operations. HMM also tested and reviewed the possibility of ... Read More »

Kalmar and London Gateway to pilot new green shuttle

The first machine will begin operations in early 2018

Kalmar and the UK’s DP World London Gateway will work together to pilot the port industry’s first fast charging shuttle carrier in 2018. The fully electric powered Kalmar FastCharge Shuttle Carrier will be in operation for 6-12 months at London Gateway from the first quarter of 2018. Andrew Bowen, head of technical, engineering and IT at London Gateway said: “We ... Read More »

Volumes and revenue up at Ashdod

The port managed growth among all cargo segments

Ashdod Port Company has reported a revenue increase of 4.3% over the first half of 2017, bolstered by container volume growth increase of 6.6%. The company’s total revenue for the period came to 616m Israeli shekels (US$173m), compared with 591m Israeli shekels (US$166) in the equivalent period of 2016. The port’s revenue increase comes as a result of the 6.6% ... Read More »

COSCO and PIL sign time-charter agreement

COSCO Shipping Lines and Pacific International Lines (PIL) have signed a time-charter agreement involving 12 vessels worth more than US$4.25m. COSCO will spend more than US$2.5m leasing PIL’s 6,500 teu Kota Cantik, which has shore supply, at a daily rate of US$7,266 and five 4,250 teu ships at a daily rate of US$4,675 between September 2017 and April 2018. The ... Read More »

US ports receive $100m in security grants

The US Department of Homeland Security’s (DHS) Federal Emergency Management Agency has announced the recipients of US$100m in port security grants, with port authorities, terminal operators and domestic law enforcement agencies among those earkmarked for funds. More than 33 ports were awarded direct grants from the FY 2017 Port Security Grant Programme (PSGP). Among the beneficiaries are Georgia Ports Authority, ... Read More »

Global Ports suffers badly in half year results

The operator actually saw a 2.2% rise in container volumes

Global Ports Investments’ profit attributable to the owners plunged by 110.5% into loss in the company’s half year report, as it leaked US$12.1m. Profit before income tax also suffered badly, plummeting by 98% to just US$3m in its half year results, with the operator hit by the troubled Russian economy. The Russian container market has performed well so far this ... Read More »