Monday , 23 July 2018
Latest News


Hapag-Lloyd extends CEO’s contract

Rolf Habben Jansen

German carrier Hapag-Lloyd’s supervisory board has extended the contract of current CEO, Rolf Habben Jansen, to March 2024. The contract was set to expire in 2019, and the board unanimously agreed to a five year extension. Michael Behrendt, chairman of the supervisory board, said: “With Rolf Habben Jansen at the head, Hapag-Lloyd has further improved its position as a leading ... Read More »

ICTSI posts volume growth in first quarter

Filipino operator International Container Terminal Services, Inc. (ICTSI) posted steady operational and financial results in the first quarter of 2018, with throughput reaching 2.33m teu. This year-on-year volume growth of 2% was attributed to improvements in emerging markets such as ICTSI Iraq and ICTSI Democratic Republic of Congo. The new Victoria International Container Terminal (VICT) and South Pacific International Container Terminal, ... Read More »

Shipping lines told to wind down Iranian business

World leaders signed the deal in 2015

The US administration has given shipping lines 6-months to leave or cease operations with Iran following President Donald Trump’s decision to withdraw the US from the Iran nuclear deal. Those who do not comply will ‘face exposure to sanctions or an enforcement action under US law’ according to documentation relating to the withdrawal from the deal, formally known as the Joint Comprehensive ... Read More »

Sri Lanka Ports Authority posts net profit growth

The Jaya Container Terminal

The Sri Lanka Ports Authroity (SLPA) posted a revenue of Rs45.6bn (US$289.56m) in 2017, with net profit growing from Rs1.03bn (US$8.26m) in 2016 to Rs13.3bn (US$84.46m). The SLPA’s state-run terminals suffered a difficult first three quarters in 2017, especially the Jaya Container Terminal (JCT), but they bounced back in the fourth quarter as the authority posted throughput growth of 9.2%. ... Read More »

Panama Canal adds daily slot

The Panama Canal has added an additional daily booking slot to its neo-panamax locks, taking the total to eight. The additional slot will be effective from the start of June, 2018 to meet increased demand following the Canal’s expansion two years ago. Jorge Quijano, Panama Canal Administrator, said: “This increase allows us to offer our customers even more flexibility, and ... Read More »

Wärtsilä to design and equip new LNG-fuelled tug for PSA

Wärtsilä will design and equip one of PSA Marine’s newest harbour tugs, operating on LNG fuel and incorporating fuel efficiency features. The order with Wärtsilä, booked in March 2018, coincides with PSA Marine’s efforts to reduce its carbon footprint as a leading service provider of marine services. Riku-Pekka Hägg, vice president of ship design at Wärtsilä Marine Solutions, said that his company being ... Read More »

MSC signs 30 year deal for terminal at Khalifa Port

Captain Mohamed Juma Al Shamisi, CEO at Abu Dhabi Ports and Diego Aponte, president and CEO of MSC, at the signing

MSC has signed a 30 year concession agreement with Abu Dhabi Ports to establish a new container terminal at the UAE’s Khalifa Port. Annual capacity is expected to increased from 2.5m teu to 8.5m teu at the port where the Swiss-based company is making a total investment of AED4bn (US$1.1bn) over the course of the concession agreement in operational equipment. ... Read More »

Kalmar introduces fully electric Ottawa terminal tractor

A Kalmar Ottawa electric terminal tractor

Kalmar is introducing an electric version of its Ottawa T2 terminal tractor, featuring lithium-ion (Li-on) battery technology and a fully electric powertrain that produces zero emissions at source. The machine is designed for trailer-handling operations in dispersed warehouses, container terminals and other applications where short-distance highway travel is required. Gina Lopez, vice president of terminal tractors at Kalmar, said: “With ... Read More »

Swissterminal adds rail service to Antwerp

Schweizerzug, a rail service offered by Swissterminal Group, is launching a new direct connection between Frenkendorf/Basel and the Port of Antwerp from July 2018. This means that Switzerland will have an overnight rail service with the Belgian hub for the first time. The Swiss-based logistics provider claims that the rail link will help to reduce handling delays of container barges ... Read More »

Hapag-Lloyd opens new West African office in Tema

Hapag-Lloyd has opened a new office in Tema, Ghana, from where it will manage most of its operational activities in West Africa. Anthony Firmin, chief operating officer at the carrier, said: “We are tying Africa  even more closely to our global network while benefiting at the same time from positive economic developments in large parts of Africa.” He highlighted the West ... Read More »