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Hapag-Lloyd to conduct capital increase following UASC merger

Hapag-Lloyd will now carry out the capital increase that was agreed upon as part of its merger with United Arab Shipping Company (UASC) in an effort to reduce debt. The gross proceeds are expected to amount to approx. €352m (US$414m) and will be primarily used for the repayment of debt. The capital increase is backstopped by the primary shareholders CSAV ... Read More »

ITS and Advent partner on predictive cargo availability at Long Beach

The Port of Long Beach

International Transportation Service, Inc. (ITS) and Advent Intermodal Solutions (AIS) are partnering to expand Advent’s eModal community portal to enable automated appointments and predictive visibility for customers at the Port of Long Beach. The system will provide visibility as to exactly when import cargo becomes available for pickup, in an effort to further streamline the flow of cargo through the ... Read More »

New warehouse inaugurated at Luka Koper

Luka Koper has inaugurated a new multipurpose warehouse on Pier II in the Port of Koper. The new warehouse, which as a total surface area of 16,000 sq m, is formed by two halls that can either store cereals or fodder, or various heavy goods, such as metal coils, steel profiles or bars. Since this type of cargo must not be ... Read More »

Unit45 selects Orbcomm for telematics solution and cloud platform

Unit45 has selected Orbcomm to provide its end-to-end telematics solution and cloud platform for remote container monitoring and control. The telematics solution, includes hardware, connectivity, device management, and its CargoWatch web reporting platform, will be used for Unit45’s container fleet. Jan Koolen, Unit45’s managing director, said: “It is essential for us to see where our container units are, monitor what ... Read More »

Drewry: Shipping line share of reefer market to hit 85% by 2021

The global reefer market has shown considerable resilience

Container shipping lines are expected to take an 85% share of the perishable reefer cargo market by 2021 as their supremacy over specialised reefer operators grows, according to Drewry. In 2016, the estimated perishable reefer cargo split was 79% in reefer containerships and 21%. By 2021, the consultancy estimates that seaborne reefer cargo will exceed 134m tonnes, increasing by an ... Read More »

CML completes its first rail freight delivery from China

Freight forwarder CML has successfully completed its first rail freight delivery from China to the UK, citing its lower cost to air freight and faster speed than sea. CML decided to utilise rail freight following a request to transport heavy weight, high value production parts for a client that was faced with a production line stop, had the goods not ... Read More »

DP World to not renew operating contract in Indonesia

PT Terminal Petikemas Surabaya

DP World has decided not to renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the end of the agreement in 2019, citing unattractive renewal terms on offer. The Dubai-based company is a 49% shareholder in TPS, which represents a gross capacity of 2.1m teu out of 85m teu for the group. The company does not expect ... Read More »

MSC adds Mediterranean – South America service

MSC is adding a new service between South America’s East Coast and the Mediterranean, run jointly with Hapag-Lloyd. The service, which becomes operational in October, will feature a fleet of eight vessels with improved reefer capacity. The MED/SAEC service will operate the following rotation: Barcelona – Genoa – Fos sur Mer – Gioia Tauro – Valencia – Suape – Salvador – ... Read More »

New ‘green’ multimodal hub for Le Havre

Bolloré is already a partner of HAROPA

Bolloré Logistics has inaugurated its new multimodal hub on the Logistics Park of Pont de Normandie 2 (PLPN2) in Le Havre. The new 24,000 sq m warehouse will be located near the multimodal terminal and its opening means Bolloré Logistics now has a total of 110,000 sq m of warehouses in Normandy, of which 39,000 sq m are in Le ... Read More »

Port authority and municipality of Rotterdam launch blockchain field lab

Blockchain programming

The Municipality of Rotterdam and the Port of Rotterdam Authority are launching a field lab named BlockLab to develop solutions based on blockchain technology. The aim of it is to allow users to conduct transactions without involving a third party. Data technology guarantees the necessary checks and balances and ensures that the transaction is processed automatically. This makes it possible ... Read More »