Friday , 15 December 2017
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Author Archives: Emmanuel Mair

Maersk Line completes Hamburg Süd acquisition

The Monte Olivia (left) and Olivia Mærsk (right) in Cartagena

Maersk Line has obtained the final regulatory approval required to close its €3.7bn (US$4.4bn) acquisition of Hamburg Süd, with the aim of realising operational synergies of US$350-400m from 2019. The Korea Fair Trade Commission’s approval was the final step cleared in a regulatory approval process involving 23 jurisdictions. Søren Skou, CEO of A.P. Moller – Maersk, said: “With the final ... Read More »

Handling tariffs cut by 19% at Port of Shanghai

China’s National Development and Reform Commission (NDRC) has announced that from the start of 2018, the import and export handling tariff for non-transhipment containers at the Port of Shanghai will be lowered by 19.4% to RMB480 (US$72) per teu. The NDRC also ordered tariff cuts of between 11% and 21% at several other ports — including Tianjin, Ningbo-Zhoushan and Qingdao ... Read More »

Santos Brasil invests in Tecon Vila do Conde

Santos Brasil is to invest BRL37m (US$11m) in expanding and modernising Vila do Conde Container Terminal over the next two years as part of an early 15 year extension to the terminal’s lease. The investment made by the operator will total BRL129m (US$40m), increasing Tecon Vila do Conde’s capacity to 163,000 per year. The facility, which is located in the ... Read More »

Maritime Transport adds Sany machine to Manchester depot

Multi-modal logistics company Maritime Transport has added a Sany empty container handler to its Manchester operations, bringing its fleet number to three. The machine will work at Maritime’s Trafford Park depot and came from Cooper Specialised Handling, who also provided Maritime with a Sany double box empty container handler for its Leed depot in autumn 2016. Maritime Transport’s operations director, ... Read More »

Throughput plummets at Tecon Santos

The company has lost market share at its flagship terminal in the Port of Santos

Container volumes at Santos Brasil’s flagship Tecon Santos terminal fell by 18.8% year-on-year in the third quarter following the termination of its key Asia service. The facility handled 204,699 containers during the quarter due to the loss of the navigation service ESA’s contract. This Asia service included vessels from CMA CGM, Hapag Lloyd, NYK, Hamburg Sud and Evergreen, and has moved to ... Read More »

Strong volumes at the Port of Long Beach

The port has handled 6,234,930 teu in the first ten months of 2017

The Port of Long Beach has enjoyed the busiest October in its history, with volumes surging 15% over a year ago although it was the only the port’s fourth busiest month of the year as retail patterns change. Port of Long Beach executive director Mario Cordero said: “October used to be the industry’s busiest month of the year, with retailers preparing ... Read More »

Florida International Terminal receives first avocado shipments from Colombia

The avocados are heading for Georgia

The first 18 tonnes of Hass avocados have arrived at Florida International Terminal (FIT) from Colombia, on board the Dubai Express of Hapag Lloyd. The fruit came from the Colombian port of Cartagena to the SAAM-operated terminal in the US before continuing towards a distribution center in Georgia, from where it will subsequently arrive at its final destination. Klaus Stadthagen, FIT’s general manager, ... Read More »

China approves Maersk Line’s acquisition of Hamburg Süd

Closure of the deal is expected by the end of 2017

Maersk Line’s proposed acquisition of Hamburg Süd has received approval from China’s ministry of commerce subject to capacity limitations on certain routes as well as the German carrier no longer taking part in specific vessel sharing agreements (VSAs). Maersk Line has committed to reducing its combined capacity with Hamburg Süd for shipping reefer containers on the Far East Asia – West Coast of ... Read More »

Japanese lines join Xvela cloud collaboration platform

The One Network Express (ONE), the new company formed by the merger of K Line, NYK Line and MOL, has selected Xvela’s collaborative stowage solution to help meet its stowage planning needs. The platform, which is backed by Navis, was created in an effort to help terminals and carriers better coordinate on stowage planning, with the goal of improving port ... Read More »

Former US commerce secretary named in Paradise Papers over Triton shares

Pritzker served as US commerce secretary between June 2013 and January 2017

Penny Pritzker, who served as US commerce secretary during President Barack Obama’s second term, was named in the Paradise Papers over a potential conflict of interest relating to shares she owned in companies including container lessor Triton Container International. Rather than selling the shares, as was expected at the time, they were transferred to an investment firm “owned by trusts that ... Read More »