Tuesday , 21 November 2017
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Author Archives: Alistair Ross

Maersk struggles in third quarter

Maersk CEO Søren Skou

Maersk has lowered its full-year underlying profit expectation after a difficult third quarter in which volumes, utilisation and unit cost performance all suffered. Maersk CEO Søren Skou said the company ‘cannot be satisfied with our performance’ when detailing the quarterly results, in which the company lowered its full-year underlying profit forecast from in excess of US$1bn to around US$1bn. Volumes ... Read More »

Hutchison opens new UAE terminal

Terminal operations at a new 350,000 teu Hutchison Ports facility located in the north of the United Arab Emirates (UAE) have commenced following a commemorative ceremony. Hutchison Ports signed a concession agreement at Saqr Port, located in the emirate of Ras Al Khaimah (RAK), to operate the terminal for 25 years. RAK is home to the one of the world’s ... Read More »

MCI appoints new CEO

Maersk Container Industry (MCI) has appointed manufacturing company Joy Global China’s president as its new CEO. Sean Fitzgerald, who has more than 20 years of experiences across management, manufacturing, product management and marketing, will leave his job at Joy Global China in January 2018 and join MCI. Chairman of MCI’s advisory board, Soren Toft, said: “Having returned to profitability after ... Read More »

Auckland announces 30-year master plan despite prospective move

Auckland's berth may be extended by 30 m

Ports of Auckland (POA) has released a 30-year master plan detailing prospective projects to help build the port until its site is moved from the Waitematā Harbour. The proposal includes automating Auckland’s container terminal, adding three new cranes, deepening its berths, and possibly extending berth length past its current 300 m. Ports of Auckland chief executive Tony Gibson said: “This ... 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 »

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 »