Thursday , 23 November 2017
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HHLA enjoys recovery in Hamburg trade

HHLA  has benefitted from Hamburg's recovery

Hamburger Hafen Und Logistik AG (HHLA) has continued to increase its throughput, revenue and profit significantly against 2016. In the first nine months of 2017, its container throughput increased by 10.8% to nearly 5.45m teu while revenue and profit also increased over 2016. The chair of HHLA’s executive board, Angela Tizrath, said: “HHLA is currently benefiting from the positive trend ... Read More »

QTerminals appoints first CEO

QTerminals, the recently-established operator of Hamad Port in Qatar, has appointed the general manager of the port authority at Suadia Arabia’s King Abdullah Port as its first CEO. Neville Blisset brings with him experience gained from a number of other roles including managing director at an APM Terminals (APMT) joint venture in Africa, CEO of Hutchison Ports’ Alexandria Container Terminal, ... Read More »

ICTSI performs well in third quarter results

Cranes arriving at ICTSI's Melbourne terminal

International Container Terminal Services, Inc. (ICTSI) reported strong financial growth in the first nine months of the year while throughput at its terminals grew by 6%. Revenue soared by 10% compared to the first nine months of 2016, rising to US$918.3m, while containers handled reached 6.8 m teu. Earnings before interest, taxes, depreciation and amortisation (EBITDA) also performed well, growing ... Read More »

Staff reshuffle in Cargotec

A staff reshuffle within Cargotec has led to a change in the management teams of Navis and Kalmar, with the former’s general manager of the Americas position currently vacant. Kalmar began a domino-like change by appointing Navis’s vice president and general manager of Europe, the Middle East and Africa (EMEA), Guenter Schmidmeir, as its senior vice president of global terminal ... Read More »

Strong volumes at the Port of Long Beach

The port has handled 6,234,930 teu in the first ten months of 2017

The Port of Long Beach has enjoyed the busiest October in its history, with volumes surging 15% over a year ago although it was the only the port’s fourth busiest month of the year as retail patterns change. Port of Long Beach executive director Mario Cordero said: “October used to be the industry’s busiest month of the year, with retailers preparing ... Read More »

Florida International Terminal receives first avocado shipments from Colombia

The avocados are heading for Georgia

The first 18 tonnes of Hass avocados have arrived at Florida International Terminal (FIT) from Colombia, on board the Dubai Express of Hapag Lloyd. The fruit came from the Colombian port of Cartagena to the SAAM-operated terminal in the US before continuing towards a distribution center in Georgia, from where it will subsequently arrive at its final destination. Klaus Stadthagen, FIT’s general manager, ... Read More »

CMA CGM to use LNG

CMA CGM has announced plans to make its new fleet of ultra large container vessels (ULCVs) the first of their size to be powered by liquefied natural gas (LNG). LNG will be used to power the carrier’s nine new 22,000 teu ships, which were ordered in September and will come into service from the end of 2019. Compare to heavy ... Read More »

China approves Maersk Line’s acquisition of Hamburg Süd

Closure of the deal is expected by the end of 2017

Maersk Line’s proposed acquisition of Hamburg Süd has received approval from China’s ministry of commerce subject to capacity limitations on certain routes as well as the German carrier no longer taking part in specific vessel sharing agreements (VSAs). Maersk Line has committed to reducing its combined capacity with Hamburg Süd for shipping reefer containers on the Far East Asia – West Coast of ... Read More »

DP World and Suez Canal team up for new economic zone project

DP World and the Suez Canal Economic Zone Authority (SCZone) have agreed to develop an integrated industrial and residential zone in Sokhna, Egypt. SCZone will have a 51% share in the joint venture, with DP World holding the remaining stake and also managing the zone. The zone is projected to start in the first quarter of 2018, and will feature ... Read More »

Japanese lines join Xvela cloud collaboration platform

The One Network Express (ONE), the new company formed by the merger of K Line, NYK Line and MOL, has selected Xvela’s collaborative stowage solution to help meet its stowage planning needs. The platform, which is backed by Navis, was created in an effort to help terminals and carriers better coordinate on stowage planning, with the goal of improving port ... Read More »