Friday , 15 December 2017
Latest News


ATL Haulage Contractors to set up operations at London Gateway

Local logistics provider ATL Haulage Contractors has entered an agreement for a 2.54 acre HGV yard in DP World London Gateway, providing parking for up to 80 trucks. The terminal will develop the facility, which will be operational by June 2018, and serve as ATL’s operational base as well as hosting the firm’s new headquarters. SH Pratt Group, one of ... Read More »

Japanese carriers perform well

MOL's revenue grew by almost 15%

Japanese carriers K Line, MOL and NYK all performed well in their half year reports ahead of their merger into Ocean Network Express (ONE) next April. Of the three K Line reported the strongest growth in operating revenues, increasing by almost 18% year-on-year to ¥576bn (US$5.1bn). MOL’s revenue grew by 14.8% to ¥819bn (US$7.2bn) while NYK’s reported a revenue increase of ... Read More »

All operations at Port of Durban back underway

Marine operations at the Port of Durban have resumed after being affected by a storm in KwaZulu-Natal in October. On the terminal side, availability of the rubber-tyred gantry (RTG) cranes at Pier 1 has increased from 11 to 15 while a total of five ship-to-shore (STS) cranes are operational, whilst one is still under repairs. At Pier 2, 11 STS ... Read More »

COSCO Shipping Ports installs new leadership at Noatum

Following the closure of COSCO Shipping Ports’ agreement to acquire a majority stake in Noatum Points, the Chinese state-owned company has begun installing a new management team. Kai Sun, who has previously managed several terminals in China as well as being former chief operating officer at Piraeus Container Terminal, is set to become the new CEO of Noatum Ports. Wei ... Read More »

Charleston invests US$282.5m into dredging and cranes

Charleston's harbour entrance channel will be dredged to 52 ft

The USA’s Port of Charleston has awarded a US$213m contract for the dredging of its harbour entrance channel and has also purchased US$69.5m worth of quay cranes. The dredging contract was awarded to Great Lakes Dredge and Dock Company and will ensure that the Charleston harbour entrance channel, which stretches more than 20 miles long, will be dredged to 52 ... Read More »

Container throughput rises in Transnet’s solid half year results

South Africa’s state-owned freight and logistics company, Transnet, has reported a 6.1% year-on-year growth in container throughput in its half year results. The number of containers handled rose to 2.4m teu in the first six months of the year which the company attributed to considerable growth in local and international consumer demand. However average moves per ship working hours (SWH) ... Read More »

COSCO Shipping to raise US$2bn for 20 new ships

COSCO has previously agreed to acquire OOCL for US$6.3bn

Now back in profit, COSCO Shipping has announced plans to raise 12.9bn yuan (US$2bn) to fund the construction of 20 new container vessels, with 11 of more than 20,000 teu in capacity. In particular, six ships will have a capacity of 21,237 teu and five vessels will each be able to carry 20,119 teu. From the remainder, four ships will ... Read More »

Maersk regional head calls for Peruvian infrastructure investment

Francisco Ulloa, managing director, west coast of South America at Maersk Line

Having more high quality Peruvian ports would help provide more options for shippers and would benefit Peru’s fresh goods market, according to one of Maersk Line’s South American chiefs. Francisco Ulloa, managing director, West Coast of South America, told CM an increase in the number of ports would shorten transit times and would mean avoiding the heavy congestion currently facing ... Read More »

Malta Freeport opts for Navis N4

Malta Freeport Terminals has implemented the Navis N4 terminal operating system (TOS) as it seeks to strengthen its technological capabilities ahead of increasing its capacity to 4.5m teu. The Mediterranean transhipment hub currently has an annual capacity of 3.8m teu with a gross crane productivity of 30 moves per hour. The TOS was introduced during a 24 hour closing over ... Read More »

Panama Canal introduces emissions calculator

Jorge Quijano, Panama Canal administrator

The Panama Canal has announced the launch of the emissions calculator, a new tool which will offer shippers an assessment of their carbon emissions, rank those who have reduced the most emissions by transiting the canal versus alternate routes, and encourage action to reduce carbon footprints. Jorge Quijano, Panama Canal administrator, said that the tool would give customers “the information ... Read More »