Sunday , 23 April 2017
Latest News


Kalmar and SSAB to develop fuel cell forklift

The forklift project will last two years

Kalmar, part of Cargotec, and Swedish company SSAB are to develop a hydrogen-powered medium-range forklift truck. The aim is to find a more sustainable solution for SSAB and help it reduce carbon dioxide emissions at the site. The forklift truck to be developed will have a lift capacity of 9-18 tons and it will use hydrogen gas as fuel. As ... Read More »

Port of Philadelphia’s container capacity to double

A US$300m investment in the Port of Philadelphia is expected to at least double its container capacity. The investment project, which will include funding for the port’s infrastructure, warehousing and equipment, is set to start in 2017 with completion scheduled for 2020. Approximately US$200m of the total investment will be invested in the Port of Philadelphia’s largest maritime facility, the ... Read More »

European Commission approves Hapag Lloyd-UASC deal

The Commission was notified of the transaction on October 3, 2016

The European Commission (EC) has approved the proposed acquisition of the United Arab Shipping Company (UASC) by the German Hapag-Lloyd. The acquisition’s clearance is conditional on the withdrawal of UASC from the NEU1 consortium on the trade routes between Northern Europe and North America. Hapag-Lloyd offered the termination of UASC’s participation in the consortium to address the EC’s concerns that ... Read More »

CVS Ferrari sold to Italian companies

The deal is set to be completed by the end of 2016

Italian container handling equipment supplier CVS Ferrari has been sold to investment company Nord Est Investment Partners III (NEIP III) and Group Battioni Pagani’s sideloaders specialist BP Handling Technologies. The two Italian parties wholly acquired the company from the US Manitex International Inc. NEIP III, which is run by Finint & Partners, will have a 60% stake in the new ... Read More »

Maersk expects flat 2017 Brazilian exports

Maersk Line expects flat growth in Brazilian container exports next year, Maersk Line East Coast South America (ECSA) head has told CM. The carrier predicts Brazilian trade to grow by a negligible 1% in 2017, when imports are likely to go positive thanks to slowly increasing business and consumer confidence. Total Brazilian imports and exports went down by 2.5% in the ... Read More »

Vahle completes first phase of Tanjung Priok’s electrification

The project started in September last year

Mobile power and data solutions provider Vahle has completed the first phase of Tanjung Priok’s port electrification megaproject. The electrification of the New Priok Container Terminal One (NPCT1), a joint venture between Indonesia Port Corporation (IPC), Mitsui Co. Ltd., PSA International and Nippon Yusen Kabushiki Kaisa (NYK Line), started in September last year. The terminal’s new electrified rubber-tyred gantry cranes ... Read More »

Alphaliner: Another major shipping bankruptcy unlikely in near-term

Following Hanjin Shipping’s demise, another bankruptcy of a major container shipping line is unlikely in the near future according to Alphaliner, which believes industry stakeholders will learn to stave off a similarly disastrous result. Speaking at the Asian Logistics and Maritime Conference (ALMC), Tan Hua Joo, executive consultant at Alphaliner, blamed governmental blunders for Hanjin’s fall, while opining that state ... Read More »

Korea Line to acquire some Hanjin assets

South Korean bulk carrier Korea Line has signed a 37bn won (US$31.5m) deal to purchase some assets of Hanjin Shipping. The deal, which is set to be completed on January 5, 2017, reportedly includes the business network and client information of Hanjin’s Asia-US route, as well as subsidiaries in seven countries comprising the US, China and Vietnam, and 574 workers ... Read More »

Drewry: Asia-West Africa trade needs capacity rationalisation

Southbound Asia to West Africa container traffic ('000 teu) Source: Drewry

Capacity rationalisation in the Asia-West Africa trade is needed in order to achieve a freight recovery, analyst Drewry has argued. Although the third quarter is traditionally one of the strongest periods of the year, the trade saw an unexpectedly steep fall of 19% in volumes in the three months ended September 2016, representing the seventh consecutive quarter with a negative ... Read More »

Philippines approves new Cebu port project

The Philippine government has approved a project to build the New Cebu International Container Port. Construction works on the new facility, which is expected to cost approximately 9.2bn Philippine pesos (US$185m), are expected to start in the third quarter of 2017 with completion scheduled for the second quarter of 2020. The new port, which is set to have a capacity ... Read More »