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Monthly Archives: November 2017

Japanese carriers perform well

MOL's revenue grew by almost 15%

Japanese carriers K Line, MOL and NYK all performed well in their half year reports ahead of their merger into Ocean Network Express (ONE) next April. Of the three K Line reported the strongest growth in operating revenues, increasing by almost 18% year-on-year to ¥576bn (US$5.1bn). MOL’s revenue grew by 14.8% to ¥819bn (US$7.2bn) while NYK’s reported a revenue increase of ... Read More »

All operations at Port of Durban back underway

Marine operations at the Port of Durban have resumed after being affected by a storm in KwaZulu-Natal in October. On the terminal side, availability of the rubber-tyred gantry (RTG) cranes at Pier 1 has increased from 11 to 15 while a total of five ship-to-shore (STS) cranes are operational, whilst one is still under repairs. At Pier 2, 11 STS ... Read More »

COSCO Shipping Ports installs new leadership at Noatum

Following the closure of COSCO Shipping Ports’ agreement to acquire a majority stake in Noatum Points, the Chinese state-owned company has begun installing a new management team. Kai Sun, who has previously managed several terminals in China as well as being former chief operating officer at Piraeus Container Terminal, is set to become the new CEO of Noatum Ports. Wei ... Read More »

Charleston invests US$282.5m into dredging and cranes

Charleston's harbour entrance channel will be dredged to 52 ft

The USA’s Port of Charleston has awarded a US$213m contract for the dredging of its harbour entrance channel and has also purchased US$69.5m worth of quay cranes. The dredging contract was awarded to Great Lakes Dredge and Dock Company and will ensure that the Charleston harbour entrance channel, which stretches more than 20 miles long, will be dredged to 52 ... Read More »