Thursday , 19 July 2018
Latest News


APM Terminals’ CCO moves to Associated British Ports

Associated British Ports (ABP) has appointed Henrik Pedersen, chief commercial officer at APM Terminals (APMT) since January 2017, as its new chief executive. Pedersen will take up his new role in August 2018 following 20 years of experience in a range of leadership roles across A.P. Moller-Maersk’s portfolio. He stated: “With ABP handling around 25% of the UK’s seaborne trade, ... Read More »

Bolloré Group CEO investigated for corruption

Vincent Bolloré, chairman and CEO of Bolloré Group

The chairman and CEO of Bolloré Group is subject to a formal corruption investigation involving concessions for terminals in Guinea and Togo. Vincent Bolloré is being investigated by French police for allegedly aiding political campaigns in exchange for lucrative concession agreements in the Port of Conakry, Guinea and the Port of Lomé, Togo. A Bolloré Group subsidiary, Havas, allegedly provided ... Read More »

UK ports call for Brexit clarity

The UK Major Ports Group (UKMPG) has urged for greater clarity on the practicalities of timings and arrangements for the UK’s departure from the European Union (EU). UKMPG, a body of port operators and authorities in the UK, said the issue of Britain remaining within the EU’s Customs Union, a topic which was recently discussed in parliament, ‘must be secondary’ ... Read More »

Konecranes reports mixed first quarter

Konecranes’ port solutions sector reported a year-on-year loss of 8.5% in orders received in the first quarter of 2018, as operating profit fell by 1.1% to €3.1m (US$3.75m). The company’s orders received totalled €226.2m (US$273.83m) and Konecranes said orders in Europe, Middle East and Africa (EMEA) and the Americas fell due to the timing of projects, which subsequently impacted on ... Read More »

DP World starts 2018 strongly

Group chairman and CEO of DP World, Sultan Ahmed bin Sulayem

DP World reported year-on-year container growth of 7.3% as throughput at its global terminals rose to 17.6m teu in the first quarter of 2018. The operator cited particularly good performance in Europe, the Middle East and Africa (EMEA), and also in Australia. Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “While the trade environment may appear ... Read More »

US terminal holds up COSCO-OOIL deal

OOIL operates Long Beach Container Terminal

Concerns over the ownership of the Long Beach Container Terminal are holding up COSCO Shipping Holding’s acquisition of Orient Overseas International (OOIL), according to The Wall Street Journal (WSJ). WSJ reported that the Committee on Foreign Investment in the US (CFIUS) is wary of the Chinese state-owned company taking control of the terminal, which is currently operated by Hong Kong’s ... Read More »

Puerto Rican terminal signs deal with Navis

Puerto Rico’s Luis Ayala Colón terminal will integrate Navis’ terminal operating software (TOS), N4, after signing a partnership with the American software company. The terminal’s operations have been hindered since Hurricane Maria, which severely damaged Puerto Rico’s infrastructure in 2017, and the operator has chosen N4 to overcome these challenges as well to improve daily operations. Hernan Ayala-Parsi, president of ... Read More »

PSA launches trade facilitation platform

The platform will cost SG$20m in its first phase

PSA has announced a new platform to ease interactions within the supply chain by reducing data duplication, improving data flow and providing up-to-date status visibility. The Calista platform, estimated to cost SG$20m (US$15.1m) in its first phase, will connect parties within the supply chain by working with national trade, regulatory and other supply chain platforms to facilitate cross-border trade and ... Read More »

ITF calls for greater green policies in ports

The International Transport Forum (ITF) has recommended a set of measures to bring down greenhouse gas (GHG) emissions in ports in line with the Paris Climate Agreement. The body acknowledged that around one-third of the world’s 100 largest ports currently offer financial incentives to mitigate GHG emissions, but argued these initiatives need to be expanded. Some US ports offer cheaper ... Read More »

Container volumes up 8% at Valencia

The Port of Valencia handled 1,183,187 teu in the first quarter of 2018, representing growth of 8.13%. In terms of foreign trade, full containers have grown by 3.95% during the first quarter of the year, mainly due to good records of imports, which increased by 13%. However, full container exports decreased by 3.88% and empty containers increased by 25.05%. Containerised ... Read More »