Wednesday , 29 March 2017
Latest News


UN rejects call to place Yemeni port under its supervision

Hodeidah port following the strikes in August 2015 (Credit: MSC)

The United Nations (UN) has rejected an appeal by the Arab coalition to place the port of Hodeidah, Yemen, under UN supervision. The Arab coalition’s call came after 42 people were killed in an attack on a boat carrying Somali refugees off the Yemeni coast for which the coalition claimed it was not responsible. According to reports last month, the ... Read More »

Global Ports suffers in weak Russian market

Total marine container throughput Global Ports’ facilities declined by 19% to 1.1m teu last year, as the terminal operator focused on premium services in a tough market. The Russian container market grew by 1% year on year in 2016, although capacity utilisation across the industry remained below 50%. According a company statement, its volume drop was attributable to a focus ... Read More »

DP World reports growth in 2016 profit

The company's revenue was up 4.9% on a reported basis

DP World has reported a 30% rise in profit to US$1.26bn last year thanks to the acquisition of the Jebel Ali Free Zone in the United Arab Emirates (UAE). On a like-for-like basis, which does not include the addition of new capacity at Jebel Ali Free Zone, Yarimca in Turkey, Stuttgart in Germany, Antwerp Inland in Belgium and Prince Rupert ... Read More »

AAPA expresses concern over Trump’s proposed 2018 budget

Kurt Nagle, AAPA's president and CEO

The American Association of Port Authorities (AAPA) has expressed concern over proposed cuts for port-related programmes outlined in President Trump’s Fiscal 2018 budget. According to the AAPA, federal support for port dredging and improvements, environmental enhancements and security could fall under the new administration’s funding recommendations, with potentially significant declines for most federally funded, port-related programmes. The budget included proposed ... Read More »

Lase launches straddle carrier positioning solution

Laser systems manufacturer Lase has launched a product for the exact positioning of straddle/van carriers under ship-to-shore (STS) cranes. The retrofittable solution, named LaseSPC – Straddle Positioning Crane, is a 2D measurement system consisting of two 2D laser scanners mounted on the water and landside sill beam. The straddle carriers are equipped with reference markers on all four portal legs. ... Read More »

Strikes off after Spanish opposition votes against reforms

Opponents of the decree celebrated in Congress

Spanish dockers unions have called off planned strike action after Spanish opposition parties voted down a government decree, meant to liberalise the hiring of port labour. The decree, which would have allowed companies to freely hire workers to load and unload cargo, is the first such legislation since 1979 to have been voted down by the opposition in Spain. Current ... Read More »

CMA CGM suffers US$325m loss

French shipping company CMA CGM has suffered a US$325m net loss last year, which compares to a US$567m profit in 2015. The loss made including the contribution of NOL, which the company acquired in June 2016, was equal to US$452m. While the company’s revenue was up 1.9% year-on-year to US$16bn including NOL’s contribution, it was down 14.7% to US$13.4bn on ... Read More »

Volumes up 9% at South Carolina ports

The SCPA broke ground on Inland Port Dillon last week

Container volumes at South Carolina Ports Authority (SCPA) rose by 9% in February on a fiscal year-over-year basis. SCPA handled 175,820 teu last month, an 11% increase over February 2016, bringing the port authority’s total fiscal year-to-date volume to almost 1.4m teu. Jim Newsome, SCPA president and CEO, stated: ” Last month’s volumes reflect strong growth over last year, and ... Read More »

Textainer purchases RAM’s software

Intermodal container leasing company Textainer has purchased Real Asset Management (RAM)’s fixed asset software to comply with new corporate governance requirements. The new software, which will help the company meet IFRS and US GAAP regulations, whilst also assisting with the upcoming IFRS 16 lease accounting rules that will become effective in 2019, replaces an older in-house system. In addition to ... Read More »

Iranian shipping line weighs up London IPO

Islamic Republic of Iran Shipping Lines (IRISL) is eyeing up a listing on the London Stock Exchange (LSE) but US sanctions have thus far proved to be an obstacle for banks according to Reuters. Iran’s biggest shipping line is looking to raise funds to modernise its fleet, having already ordered new ships at an estimated cost of US$626m. Conflicting reports ... Read More »