Tuesday , 30 May 2017
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Author Archives: Emmanuel Mair

Paranaguá Container Terminal upgrades to Navis N4

TCP is increasing its capacity to 2.5m teu

Paranaguá Container Terminal (TCP), has implemented the N4 terminal operating system (TOS) from Navis, with the investment costing R$25m (US$7.3m). The migration to the new system is due to the evolution of the infrastructure and processes of the Brazilian facility, where capacity is scheduled to increase from 1.5m teu to 2.5m teu by 2018. Alexandre Rubio Teixeira Pinto, chief finance ... Read More »

Former Chennai Port Trust chairman jailed

The former chairman of Chennai Port Trust, K. Suresh, has been sentenced for two years imprisonment by a Central Bureau of Investigation (CBI) in India court over corruption charges. Suresh illegally obtained sponsorship for his son’s admission to a degree course in civil engineering, noted a statement from the CBI. He obtained the fee, which was valued at Rs 12 ... Read More »

DP World partners with pension fund to form US$3.7bn investment platform

CDPQ will take a 45% share of two of DP World's Canadian terminals

DP World has teamed up with Canadian pension fund, Caisse de dépôt et placement du Québec (CDPQ) to create a US$3.7bn platform for port investments. DP World holds a 55% share while CDPQ has the remaining 45% of the platform which will invest in ports and terminals globally (excluding the UAE) across the life cycle of the asset, with a ... Read More »

TT Club warns of Russian market risks

Freight and logistics insurer, the TT Club, has warned transport operators in the Russian market of a fivefold liability risk profile associated with doing business in the region. Alexander Petrenko, deputy director of Panditrans, TT Club’s representative partner in Russia, said that in addition to claims for loss or damage to cargo, operators could be liable for financial losses through ... Read More »

Brisbane handles its first 8,500 teu vessel

The vessel exchanged approximately 700 containers at the port

The Port of Brisbane has welcomed its first 8,500 teu class vessel, the Maersk Lloyd Don Carlos, representing a “significant milestone” for the Australian port. The arrival follows ongoing work to optimise the port’s navigational channel. Port of Brisbane Pty Ltd (PBPL) CEO, Roy Cummins, stated: “As vessels increase in size and demand grows for Australian ports to take these ... Read More »

Maersk Line agrees to acquire Hamburg Süd

The deal could boost Maersk in the North - South trades

Maersk Line and the Oetker Group have agreed for the Danish carrier to acquire Hamburg Süd, subject to final agreement and regulatory approvals, which are expected by the end of 2017. Hamburg Süd is the world’s seventh largest container shipping line, specialising in the North – South trades and operating 130 container vessels with a container capacity of 625,000 teu. ... Read More »

Drewry: Future port investment under threat

Port operators face a perfect storm according to Drewry

Container shipping lines are endangering future port investment by demanding cuts to terminal handling fees according to a new report by shipping analyst Drewry. According to its ‘Ports and Terminals Insight’, terminal operators face a “perfect storm” of rising costs due to bigger ships, greater business risks from larger liner alliances, softening global demand growth and pressure on terminal handling ... Read More »

NYK Line orders 4,700 new reefer containers

The delivery of 4,700 new 40 ft refrigerated containers ordered by NYK Line has begun. The Japanese carrier procured 5,500 of the same type of containers last year, and the average age of company’s fleet of over 40,000 reefer containers has now fallen to four years. The new order includes 600 Controlled Atmosphere (CA) containers, which have technology that regulates ... Read More »

British ports call for special zones

In response to potential administrative complications that could arise from Brexit, the British Ports Association (BPA) is calling for the government to classify port areas and surrounding clusters as ‘special port zones’. BPA chairman Rodney Lunn and director Richard Ballantyne met with John Hayes, the minister of state at the Department of Transport to address concerns that Brexit could bring ... Read More »

Mwani Qatar and Mihala agree to manage Hamad Port

The deal is a notable tie-up between the public and private sectors

Qatar Ports Management Company (Mwani Qatar) and Qatar Navigation (Milaha) have agreed to establish a new company, QTerminals, to manage Hamad Port. As per the agreement, the new company will be co-owned by Mwani Qatar (51%) and Milaha (49%) and will manage operations at Hamad Port as an independent company with its own board of directors, executives and staff. Hamad ... Read More »