Sunday , 30 April 2017
Latest News


UPS expands China-Europe intermodal service

UPS has added six stations to the service

UPS has added six stations to its preferred full and less-than-container load (FCL and LCL) multimodal rail service between Europe and China, as the One Belt, One Road (OBOR) strategy gains traction. Changsha, Chongqing, Suzhou and Wuhan Stations were added in China to the existing stations of Zhengzhou and Chengdu. In Europe stops in Duisburg, Germany and Warsaw, Poland were ... Read More »

Kalmar to deliver order to Qatar

Finnish manufacturer Kalmar is set to deliver a total of 21 forklifts, five empty container handlers, and four reachstackers for the New Port Project (NPP) in Qatar. The order, which also includes training to serve port operations and equipment handling, was booked into the 2016 third quarter intake with deliveries starting in the first quarter of 2017. The forklifts ordered ... Read More »

Eurogate adds rail services to Istanbul

Eurogate Intermodal (EGIM) has expanded its intermodal transport network, reinforcing Munich as a hub for rail transport to Europe’s southern ports, the Balkan states and Turkey. EGIM now offers two weekly connections between Munich and Budapest with block trains to Budapest-BILK freight station in a transit time of less than 24 hours without stops. In addition to this route, EGIM ... Read More »

CMA CGM and PSA launch second phase of terminal

French President François Hollande (third from left) at the opening

CMA CGM Group and PSA have opened the second phase of their container terminal joint venture (JV) in Singapore, the French carrier’s regional transhipment hub. The CMA CGM – PSA Lion Terminal (CPLT) now has two more berths and a total operating capacity of 4m teu. When it opened in July 2016, the facility had two mega container berths at ... Read More »

Antwerp terminals receive new cranes

PSA Antwerp’s Noordzee Terminal and MSC PSA European Terminal (MPET) have received two quay cranes each with two more on the way to each facility in May. The machines have a hoisting height of 50 m and can reach across 25 rows of containers, making them capable of handling the world’s largest containerships. These dual hoist cranes can handle two ... Read More »

Hapag-Lloyd suffers loss

The company's revenue was down 13%

Germany-based shipping company Hapag-Lloyd has suffered a US$103m loss last year amid significantly lower freight rates. The group’s loss compares to a US$126m profit made the previous year. The company’s revenue went down by 13% year-on-year to US$8.5bn in 2016, mainly due to a 15% fall in the average freight rate to US$1,036/teu last year. The company’s transport volumes rose ... Read More »

Maersk Container Industry launches new controlled atmosphere reefer

Maersk Container Industry (MCI) has launched an extension of its controlled atmosphere (CA) system, aiming to control the ripening process of low-respiring perishables such as blueberries and lychees. The Danish company hopes that the new system, named Star Cool CA+, will extend the market reach of high-value perishables so they can arrive at their destinations in optimal conditions without over-ripening ... Read More »

PSA reports growth in 2016 revenue

Pre-tax profit was down 6%

Singapore-headquartered port operator PSA International has reported a 3% year-on-year rise in revenue to US$3.7bn in 2016, owing to a strong showing by its container terminals outside Singapore. The group’s profit before tax was however down 6% year-on-year to US$1.4bn, a drop the company attributed in part to a higher depreciation rate. The company’s throughput went up by 5.5% year-on-year ... Read More »

Vahle completes Lázaro Cárdenas electrification

Lázaro Cárdenas Terminal had its first electrification project in 2011

Vahle has completed the electrification of the intermodal area at Lázaro Cárdenas Terminal (LCT) in Mexico. The area, which has had conductor rails in full operation since mid-March, will be served by electric rubber-tyred gantry (e-RTG) cranes. Depending on the daily business, the intermodal area is suitable for the use of up to four e-RTGs to handle containers. Last year, ... Read More »

Freight forwarder concerned over shipping alliances’ reshuffle

Miami-headquartered online freight forwarder iContainers has warned that the launch next week of the new shipping alliances will result in a shortage of options for freight forwarders. The company’s co-founder Carlos Hernández raised concerns over the impact of the shipping companies’ reshuffle reducing shipping options which were already affected by the recent collapse of South Korean carrier Hanjin Shipping. He ... Read More »