Thursday , 19 July 2018
Latest News


Report predicts Chinese terminal dominance

The Chinese state will be the biggest container terminal operator in the world by 2020, according to a new report. The report, by law firm Ince & Co, predicts that the combined entity of COSCO and China Shipping will be the world’s biggest terminal operator because of One Belt One Road investment. Currently, they are fourth and eighth respectively. According ... Read More »

Konecranes adjusts to Trump’s tax reforms

Konecranes has announced that President Trump’s tax reforms have reduced the value of its ‘deferred tax assets’ by €15m (US$18m). The reforms have reduced US federal corporate income tax from 35% to 21%. While this reduces the amount of tax which companies pay, it also reduces the value of tax credits saved up from past losses, known as “deferred tax assets”. In ... Read More »

Maersk looks to expand Kathmandu Express

Maersk plan to open an office in Kathmandu

  Maersk Line has announced that it is considering expanding the Kathmandu Express between an Indian port and the Nepali border. In a customer advisory, the company said that it expects to run five or six trains a month between Visakhapatnam and the Birgunj inland container depot in June 2018. Visakhapatnam is roughly half-way up India’s east coast and Birgunj is on ... Read More »

Kalmar signs maintenance contract with PSA

Singapore-based port operator PSA has tasked Kalmar with maintaining and repairing one its mobile equipment fleets. The three-year contract means Kalmar will take care of the company’s 700 prime movers and trailers at the Pasir Panjang terminal. Peter McLean, Senior Vice-President of Kalmar Asia-Pacific, said: “We have been working with PSA on the maintenance of their equipment for more than ... Read More »

Portek buys stake in Indonesian operator

DHU operates Terminal 110-113 in Tanjung Priok

Portek International has acquired a 67% stake in an Indonesian port operator called PT Dwipahasta Utamaduta (DHU). Portek’s CEO Tsuyoshi Kamihira, said: “We are pleased to expand Portek’s terminal operations portfolio with the addition of DHU. We are confident that DHU, one of the largest domestic terminal operators in Tanjung Priok, Jakarta will become an integral part of Portek.” “We ... Read More »

Mobile set for expansion

The terminal's expansion plans have been agreed

The powers-that-be at Alabama’s Port of Mobile have approved a US$49.5m expansion of its container terminal. In separate actions, the Alabama State Port Authority and APM Terminals have approved an expansion which will increase the terminal’s capacity to 650,000 teu. The Phase 3 expansion incoporates a dock extension and an additional 20 acres of improved yard to maintain excess capacity. ... Read More »

Kalmar buys Australian port services business

Kalmar has announced it will acquire the port services business of Melbourne-based Inver Engineering on December 29, 2017. Inver Engineering was established in Melbourne in 1981 and services the port, rail, petrochemical, oil and gas and manufacturing industries. Inver Port Services repairs, maintains and refurbishes container terminals’ cranes across Australia, New Zealand and the Pacific. The company’s sales account for about ... Read More »

Delo buys stake in Global Ports

A Russian transport and logistics company has bought a 30.75% stake in Global Ports, one of Russia’s biggest terminal operators. Global Ports announced that Delo had purchased the stake from Transportation Investments Holding Limited, another Russian transport company. The agreement remains subject to various conditions, including antitrust clearances and other customary arrangements. The sale is expected to complete by end ... Read More »

Pelindo III orders Konecranes MHCs

Kone-Terex MHC

Indonesian port operator Pelindo III has ordered five Konecranes-Gottwald mobile harbour cranes for its terminal at Tanjung Perak port in Surabaya. The company has ordered three Model Fours and two Model Fives, all with rubber tyres, to handle containers, general cargo and bulk as required. The cranes will be delivered to the Jamrud terminal in late summer of 2018 and ... Read More »

THE Alliance announces new services

The members of the THE Alliance has announced its planned services to begin from April 2018. Hapag-Lloyd, Ocean Network Express and Yang Ming will deploy more than 250 ships in the Asia-Europe, North Atlantic and Trans-Pacific trade lanes, including in the Middle East. “After one year of cooperation we are proud to say that our services and the network improved ... Read More »