Saturday , 21 July 2018
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Author Archives: Alistair Ross

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 »

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 »

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 »

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 »

Canadian ports go greener with shore side power

Canadian ports are employing shore side electrical power for ships in a bid to cut greenhouse gas emissions. Shore power technologies, also known as cold ironing and Alternative Maritime Power (AMP), enable ships to connect to electric generators within a port, thus meaning they can switch off their diesel generators. Terminals in Canada’s largest port, the Port of Vancouver, have ... Read More »

San Juan back to 84% capacity following Hurricane Maria

The Port of San Juan is running at an average of 84% capacity in terms of containers leaving the port, according to the Puerto Rico Shippers Association (PRSA). The port had to close for four days following the arrival of Hurricane Maria, which decimated the small Caribbean island. Operations are now normalising and the port is functioning 24 hours a ... Read More »

Gdansk begins plans to connect Baltic Sea and Black Sea

The authority will begin by exploring possible connections to Belarus

The Port of Gdansk Authority (PGA) has begun exploring possible connections to Belarus via inland waterways as part of a larger project to connect to the Black Sea. A working group has been appointed to explore the feasibility of connecting the Gulf of Gdansk and the Vistula Lagoon, both on the Baltic Sea, with river systems in Belarus. This feasibility ... Read More »

CMA CGM to launch start-up incubator in Marseilles

Rodolphe Saadé speaking at Salon des Entrepreneurs

Rodolphe Saadé, CEO of the CMA CGM Group, has announced plans to launch a start-up incubator in Marseilles to help develop new companies. The project will support Le Carburateur, another incubator in Marseilles’ northern district which CMA CGM also assists with. Speaking at the Salon des Entrepreneurs trade fair in Marseilles, Saadé said: “”With this project, CMA CGM wishes to ... Read More »

ICTSI posts record productivity in Manila

International Container Terminal Services, Inc. (ICTSI) has posted record productivity at its flagship Manila International Container Terminal (MICT) in the Philippines for August and September. MICT recorded an increase in berth productivity of 22% and 13% in August and September respectively, and the port attributed this success to its workers. MICT operations director Jay Valdez said: ““Management acknowledges the excellent ... Read More »