Wednesday , 23 August 2017
Latest News


Transnet National Ports Authority appoints first female chief executive

The new chief executive is a qualified industrial engineer

Shulami Qalinge has become the first woman to be appointed chief executive at Transnet National Ports Authority (TNPA), succeeding Richard Vallihu who has been appointed group executive of operational readiness at Transnet Corporate Centre. The company said in a statement:  “The appointment is of significance for an organisation that prides itself on its advancement of women in the male dominated maritime ... Read More »

Abu Dhabi Ports signs agreement with Chinese province

Abu Dhabi Ports has signed a US$300m investment cooperation agreement with China’s Jiangsu Province to provide space for manufacturing in the Khalifa Port Free Trade Zone. China-UAE Industrial Capacity Cooperation Construction Management, established by Jiangsu Provincial Overseas Cooperation and Investment Company Limited (JOCIC) under the terms of the 50-year lease, will occupy and develop roughly 23.7m sq ft of the ... Read More »

Increased volumes help K Line return to profit

K Line's profit reflects a better year for container shipping

K Line’s container shipping business secured a profit of ¥6.1bn (US$55.1m) in the second quarter of this year, as the industry’s rebound saw it claim greater volumes on its services. The Japanese carrier handled 7% more volumes as freight rates recovered, reflecting steady cargo movements, and these improvements helped its revenue rise by 20.4% to ¥147.2bn ($US1.3bn). In particular, it ... Read More »

Gdansk and Constanta ports sign rail agreement

Freight forwarder PKP Cargo and the Port of Gdansk Authority have signed a Memorandum of Cooperation with Romanian state rail cargo operator, CFR Marfa, and the Port of Constanta Authority. The parties involved hope that the agreement will boost logistics services in the railway corridor between the Baltic Sea and the Black Sea. The project is part of the political ... Read More »

China Merchants signs concession for Hambantota Port

The port will be able to handle several cargo types

China Merchants Port Holdings (CM Port) and the Sri Lankan government have agreed a 99 year concession agreement, worth US$1.12bn, for the development, management and operation of Hambantota Port. From the total investment, the Chinese state-owned port operator will pay the Sri Lanka Ports Authority (SLPA) US$974m for an 70% stake in Hambantota International Port Group (HIPG). Concerns that the ... Read More »

EU tells Belgium and France to end tax exemptions for ports

Antwerp will be the biggest port to be affected

The European Commission has given Belgium and France until the end of 2017 to abolish corporate tax exemptions currently granted to their ports, which are in breach of EU state aid rules. Profits by port operators must be taxed under “normal national corporate tax laws to avoid distortions of competition,” noted a statement from the EU. From January 1, 2018, ... Read More »

North Sea Terminal Bremerhaven upgrades to Navis N4

North Sea Terminal Bremerhaven GmbH & Co. (NTB) has successfully upgraded from Navis Express to the N4 terminal operating system (TOS). The terminal went live with N4 3.1 earlier this year without disruption to operations according to the software developer. The facility has achieved 30 moves per hour on average, although it hopes this level of productivity that the terminal ... Read More »

Konecranes benefits from Terex MHPS acquisition in interim results

The MHPS integration is ahead of schedule according to Konecranes CEO Panu Routila

Konecranes exceeded growth expectations in the first half of 2017 as orders received shot up by 68.4% to US$1.77bn. This was largely due to the acquisition of Terex’s Material Handling and Port Solutions (MHPS) for US$915m and US$22.8m in Konecrane shares. Elsewhere orders booked rose by 53.9% to US$1.87bn and sales grew by 49.9% to US$1.72bn. The adjusted EBITDA rose ... Read More »

CMA CGM and Bolloré agree to operate Kribi terminal

CMA CGM Group, Bolloré Transport Logistics (BTL) and Chinese group CHEC have signed a concession agreement to operate Kribi Container Terminal in Cameroon. The companies will run the facility for 25 years under a public-private partnership with Cameroon’s government, hoping to turn it into a hub for Africa’s Atlantic Coast and hinterland countries. The Port of Kribi is connected to ... Read More »

DP World posts 8% growth in first half of 2017

DP World handled 34m teu across all its terminals in the first half of 2017, an 8.2% year-on-year growth, while second quarter rates shot up by 10.7% year-on-year (YOY). All three DP World regions, Asia Pacific & India subcontinent, Americas & Australia and Europe, Middle East & Africa, experienced growth. Europe and the Americas posted significant growth of 9% and ... Read More »