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British logistics chiefs warn over Brexit customs processes

Theresa May has stated that she wants to make a new customs agreement with the EU

Leading figures in the British ports and logistics industry have told the British parliament that the potential introduction of customs clearance procedures, resulting from Brexit, could “seriously disrupt” supply chains. The potential effects of leaving the European Union Customs Union (EUCU) include increased cargo transit times, a need for larger storage facilities and higher costs to importers and exporters, they ... Read More »

COSCO and CMA CGM to increase cooperation

COSCO Shipping’s and CMA CGM’s port operating subsidiaries have signed an agreement aimed at increasing their cooperation on port operations and investments worldwide. According to a statement, under the new Memorandum of Understanding (MOU) signed by COSCO Shipping Ports and CMA Terminals Holding, preference will be given to ports called at by the Ocean Alliance, of which both COSCO Container ... Read More »

Port Everglades receives first Cuba-US shipment for 50 years

The containers were handled at Port Everglades

Two containers of artisanal charcoal from Cuba aboard a Crowley container vessel marked the first commercial shipment from a Cuban cooperative to a private US business for more than 50 years. Port Everglades in Florida handled the first such exports of Cuban goods to the US since the establishment of the US-Cuba trade embargo. The shipment follows 15 years of ... Read More »

Navis releases latest N4 version

USA-based terminal operating software (TOS) provider Navis has launched the latest version of its N4 TOS. According to the company, for the launch of N4 3.3, which is now on general availability, Navis improved its software development approach by leveraging an agile methodology. The new software, which has frequent quality and delivery checkpoints built into the process, is expected to ... Read More »

DaChan Bay Terminals begins using shore power

The shore power system in action

DaChan Bay Terminals (DCBT) has used its shore power supply system for the first time, supplying power to the OOCL TAIPEI. The shore power system aims to improve air quality by enabling vessels to switch off their auxiliary engine, thus reducing carbon emissions. According to a statement from DCBT, the working environment in the vessel engine room can be largely ... Read More »

Angola to build first deep-sea port

Angola’s sovereign wealth fund has announced plans to invest in the development of the country’s first deep sea port. The Fundo Soberano de Angola (FSDEA) is set to invest approximately US$180m in the construction of the new port as part of a US$1.1bn infrastructure fund. The new port facilities, which are expected to be built in two phases, will also ... Read More »

Taiwan government to bolster Yang Ming

Taiwan’s government will increase its stake in Yang Ming, following doom-laden claims from analysts that the carrier could become the new Hanjin Shipping, which went bankrupt last year. Yang Ming has instituted a recapitalisation plan, which will result in the Taiwanese government owning a larger share of the carrier, “well beyond the current approximate 33.3% held by the Ministry of ... Read More »

COSCO increases stake in Qingdao Port

The company’s stake will rise to 18.41%

COSCO Shipping Ports has entered into an agreement to buy a 16.82% stake in the operator of the Port of Qingdao, China. As part of the transaction agreement, COSCO Shipping Ports’ wholly-owned subsidiary Shanghai China Shipping Terminal Development will purchase the shares in Qingdao Port International Co., Ltd. (QPI) for approximately RMB 5.8bn (US$846m), equivalent to about RMB5.71 (US$0.83) per ... Read More »

Jebel Ali orders Kalmar empty container handlers

Kalmar's empty container handler

Kalmar, part of Cargotec, has been awarded an order to supply DP World’s flagship terminal, Jebel Ali Port in Dubai with 13 new generation empty container handlers. The order was booked into Cargotec’s 2016 fourth quarter order intake. The deliveries will begin in the second quarter of 2017 and are scheduled to be completed by the end of the year. ... Read More »

BIFA: Brexit’s impact on freight operations still uncertain

The British International Freight Association (BIFA) has stated that the recent UK Prime Minister’s speech on Brexit left its members dealing with uncertainty over the impact on freight operations. According to BIFA, which represents UK freight forwarding companies, while mentioning the UK’s plans to leave the European Union (EU)’s single market, Theresa May’s speech remained short “on the details that ... Read More »