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K Line shareholder rebellion fails to unseat bosses

K Line’s chairman and its CEO have managed to keep hold of their jobs despite some shareholders wanting to remove the bosses of the Japanese liner. Shareholders led by Singaporean firm Effissimo Capital Management had tried to remove the CEO Eizo Murakami and chairman Jiro Asakura, as they are unhappy with the company’s profitability. After news broke that the attempt ... Read More »

Valencia to invest in infrastructure 

The Port Authority of Valencia (PAV) and Administrador de Infraestructuras Ferroviarias Company (ADIF) have signed two agreements to improve the rail access to the Port of Sagunto and the Valencia-Zaragoza railway line. The agreements include the creation of a direct rail access to the port that meets a series of technical functional requirements such as access of trains of up ... Read More »

MSC gains full control of Portonave

The terminal has an annual capacity of 1.5m teu

MSC has taken control of 100% of the Portonave Container Terminal at the Port of Navegantes, one of Brazil’s most important export ports and a vital gateway for food exports. MSC’s sister company Terminal Investment Limited (TIL) paid out BRL1.30bn (US$393m) to buy out Triunfo, which previously controlled the other 50% of the port. The Brazilian antitrust authority and regulator ... Read More »

Ports America orders six Kalmar RTGs

Kalmar has signed a contract with Ports America Chesapeake  for the delivery of six of its RTGs that will be delivered to Ports America’s Seagirt terminal in the Port of Baltimore in January 2018. “The addition of six new RTGs will help ensure we can maintain high levels of service for our customers, the trucking community and our port partners ... Read More »

South Africa blocks merger between Japanese carriers

NYK Line would hold a 38% stake in the new JV

The Competition Commission of South Africa (CCSA) has prohibited a proposed merger between Nippon Yusen Kabushiki Kaisha (NYK Line), Mitsui O.S.K. Lines Ltd (MOL) and Kawasaki Kisen Kaisha Ltd (K Line). The three Japanese carriers had hoped to begin operations of their new joint venture (JV), known as Ocean Network Express, in April 2018, provided that all anti-trust reviews are ... Read More »

Evergreen rolls out sea freight services for Alibaba.com members

Evergreen Line has teamed up with Alibaba.com to provide members of the wholesale marketplace platform with the option of booking sea freight services online with guaranteed space and prices. Initially Evergreen will be offering Alibaba.com suppliers the booking facility on routes from from China’s main ports to Israel and the South American region. The service, which will be available primarily ... Read More »

Abu Dhabi Ports to develop, manage and operate Fujairah Port

The port will be run by "Fujairah Terminals"

Abu Dhabi Ports and the Port of Fujairah have signed a 35 year concession agreement to develop, manage and operate Fujairah Port. The organisations will establish a new operational arm “Fujairah Terminals”, fully owned by Abu Dhabi Ports. The port’s capacity is expected to reach 1m teu and 700,000 tonnes of general cargo by 2030. The development of berths and ... Read More »

Freight forwarders call for Britain to remain in customs union

Michel Barnier, the EU's chief Brexit negotiator

With Brexit negotiations between Britain and the EU now underway, an organisation representing British freight forwarders has called for a deal to keep the UK in the European customs union. The British International Freight Association’s (BIFA) director general said that the UK government should review its decision to leave the customs union in light of the current political upheaval in ... Read More »

160 Gothenburg staff let go as APMT volumes drop

APM Terminals (APMT) Gothenburg axed 160 members of staff yesterday following diminished container volumes resulting from its long running-dispute with the Swedish Dockworker’s Union (SDU). The port operator handed a notice of termination to the workers, who make up more than a third of the terminal’s workforce, following the dispute that has involved strikes, blockades and lock-outs. The move came ... Read More »