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Examining US trade patterns following Panama Canal expansion

A new report from Colliers International, "CapEx or Capsize," underscores the idea that cities need to invest capital to upgrade their ports or risk "capsizing" their economies. The report notes that the US needs US$3.6 trillion in funding for infrastructure by 2020 to remain competitive in light of the upcoming Panama Canal expansion. Read More »

Eurogate is well positioned to meet market challenges

Bremerhaven’s increased container volumes bucked the trend

In fiscal year 2012 at its container terminal facilities in the German Ports of Bremerhaven, Hamburg and Wilhelmshaven and its eight container ports outside Germany, Eurogate Group’s container handling volumes and revenue remained stable at the previous year’s level with Euro 654m (US$843m) and 13.3m teu respectively. Read More »

Carriers will struggle to achieve positive results in 2013

Container carriers suffered a second year of negative operating earnings in 2012 despite a mid-year improvement in operating margins. Based on Alphaliner’s survey of the operating results for 21 of the Top 30 carriers that have published their financial results, these carriers’ combined operating losses from their container shipping operations reached US$239m in 2012, with only seven out of the 21 carriers turning in positive results. Cumulative net losses of their parent companies (including the results of non-liner shipping operations and various write-offs) reached US$4,704m last year. Read More »

HIT hopes to resume normal operations soon

Hongkong International Terminals (HIT) the Hong Kong port unit of billionaire Li Ka-shing's Hutchison Whampoa hopes to return to its normal operating capacity soon, as subcontractors and striking dockworkers plan to enter talks tomorrow (Wednesday) in a bid to settle a wage dispute. Read More »

Salalah growth plans discussions

APM Terminals’ (APMT) CEO Kim Fejfer and a senior delegation have met with the Minister of Commerce and Industry, Dr. Ali Sunaidi, and the Secretary General of the Supreme Council for Planning, Sultan Al Habs from the Omani government, during which discussions were held on the expansion of the Port of Salalah. Read More »

Jebel Ali deep dredge complete

Jebel Ali’s largest dredge has been completed

The largest capital dredging programme to be undertaken in the last ten years at DP World’s (DPW) flagship Jebel Ali Port, Dubai, has been successfully completed, allowing the port to handle a greater number of larger ships with deeper draught. Read More »

Obama promotes PortMiami plan

US President Obama used a visit to PortMiami at the end of last week, which is undergoing a US$2bn upgrade and tunnel project, to appealed for increased public-private investment for infrastructure, saying it will create jobs and boost the US economy. Read More »