Friday , 22 June 2018
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Author Archives: Alistair Ross

East African ports pose investment risks, consultancy warns

Foreign investors pumping money into East African port projects face risks such as poor governance, volatile geopolitics and mounting public debt, according to risk consultancy Allan & Associates. A number of ports located on or near the Horn of Africa, such as the Doraleh Container Terminal (DCT) in Djibouti, the Port of Berbera in Somaliland and Sudan’s Port of Sudan, ... Read More »

APL cuts carbon dioxide emissions

The carrier also registered fuel savings

American President Lines (APL) cut CO2 emissions by roughly 5% in 2017 compared to 2016, making it the eight consecutive year the carrier has achieved a reduction. APL also registered fuel savings of almost 5%, and the carrier attributed both achievements to operational efficiencies, fleet and voyage optimisation, and the deployment of a fuel-efficient fleet of vessels. Dennis Yee, APL’s ... Read More »

Los Angeles operator plans US$70m investment

American terminal operator Eagle Marine Services (EMS) will invest over US$70m on equipment and technology at its Pier 300 terminal at the Port of Los Angeles in 2018. The operator is five months into a value creation programme and has ordered four new ZPMC super post-Panamax cranes, six Mitsui hybrid rubber-tyred gantry (RTG) cranes and 18 Taylor container handlers, amongst other ... Read More »

Navis releases updated terminal operating system

Navis has released the newest version of its terminal operating system (TOS), N4, which it said is focused on supporting performance and scalability for mega terminal activity. The new N4 3.6 is capable of supporting terminals with a throughput of up to 12m teu, and the company said the software offers a solution for terminals experiencing a rise in container ... Read More »

Hapag-Lloyd extends CEO’s contract

Rolf Habben Jansen

German carrier Hapag-Lloyd’s supervisory board has extended the contract of current CEO, Rolf Habben Jansen, to March 2024. The contract was set to expire in 2019, and the board unanimously agreed to a five year extension. Michael Behrendt, chairman of the supervisory board, said: “With Rolf Habben Jansen at the head, Hapag-Lloyd has further improved its position as a leading ... Read More »

ICTSI posts volume growth in first quarter

Filipino operator International Container Terminal Services, Inc. (ICTSI) posted steady operational and financial results in the first quarter of 2018, with throughput reaching 2.33m teu. This year-on-year volume growth of 2% was attributed to improvements in emerging markets such as ICTSI Iraq and ICTSI Democratic Republic of Congo. The new Victoria International Container Terminal (VICT) and South Pacific International Container Terminal, ... Read More »

Shipping lines told to wind down Iranian business

World leaders signed the deal in 2015

The US administration has given shipping lines 6-months to leave or cease operations with Iran following President Donald Trump’s decision to withdraw the US from the Iran nuclear deal. Those who do not comply will ‘face exposure to sanctions or an enforcement action under US law’ according to documentation relating to the withdrawal from the deal, formally known as the Joint Comprehensive ... Read More »

Sri Lanka Ports Authority posts net profit growth

The Jaya Container Terminal

The Sri Lanka Ports Authroity (SLPA) posted a revenue of Rs45.6bn (US$289.56m) in 2017, with net profit growing from Rs1.03bn (US$8.26m) in 2016 to Rs13.3bn (US$84.46m). The SLPA’s state-run terminals suffered a difficult first three quarters in 2017, especially the Jaya Container Terminal (JCT), but they bounced back in the fourth quarter as the authority posted throughput growth of 9.2%. ... Read More »

Panama Canal adds daily slot

The Panama Canal has added an additional daily booking slot to its neo-panamax locks, taking the total to eight. The additional slot will be effective from the start of June, 2018 to meet increased demand following the Canal’s expansion two years ago. Jorge Quijano, Panama Canal Administrator, said: “This increase allows us to offer our customers even more flexibility, and ... Read More »

Bolloré Group CEO investigated for corruption

Vincent Bolloré, chairman and CEO of Bolloré Group

The chairman and CEO of Bolloré Group is subject to a formal corruption investigation involving concessions for terminals in Guinea and Togo. Vincent Bolloré is being investigated by French police for allegedly aiding political campaigns in exchange for lucrative concession agreements in the Port of Conakry, Guinea and the Port of Lomé, Togo. A Bolloré Group subsidiary, Havas, allegedly provided ... Read More »