Saturday , 24 February 2018
Latest News

Author Archives: Emmanuel Mair

Construction begins on Port of Posorja in Ecuador

Construction has begun on the greenfield multi-purpose port project at Posorja, Ecuador, with work expected to take 24 months to complete. It follows the 50-year concession DP World won last year to build a facility with a capacity of 750,000 teu, located 65 km from Guayaquil. The US$500m initial investment (Phase 1) includes the purchase of land, dredging of a ... Read More »

Drewry: Lease rates still under pressure

Shipping lines have cut down on direct investment in containers

Competitive pressures are having an adverse effect on lease rates following a rise in ownership of container equipment by lessors according to a report by Drewry. The container leasing companies’ expansion has coincided with ocean carriers cutting back on new purchasing and selling older inventory for leaseback. In 2016, the lease sector expanded by 7% and took 54% of deliveries ... Read More »

Livorno implements Circle’s MILOS platform

The Port of Livorno’s operations and logistics service provider has implemented Circle’s Milos software in order to reduce transit times and improve goods visibility and tracking. Compagnia Impresa Lavoratori Portuali (CILP) Livorno chose to implement logistics consultancy firm Circle’s MILOS platform following the software’s success at Lugo Terminal, the logistics platform located in the middle of Italy’s Romagna region. The ... Read More »

DP World’s Prince Rupert expansion is complete

DP World acquired the Fairview Container Terminal in August 2015

DP World has increased Prince Rupert’s Fairview Container terminal capacity from 750,000 teu to 1.35m teu per year upon completing the Phase 2 North expansion project. The upgrades allow Prince Rupert to handle the largest vessels in the world with a carrying capacity upwards of 20,000 teu. The expansion includes three new super-post Panamax cranes, an additional 6,000 ft of ... Read More »

Scientists verify blockchain technology for logistics

A pilot programme testing blockchain technology in the logistics sector has earned the approval of scientists at the University of Copenhagen and maritime technology leads at Blockchain Labs for Open Collaboration (BLOC). The project by Marine Transport International (MTI) and Agility Sciences involved the deployment of their Container Streams system in a supply chain environment. In the pilot, a shared ... Read More »

Hapag-Lloyd posts half year loss following UASC integration

The company integrated with UASC in May

Hapag-Lloyd recorded a net profit of €16m (US$19.2m) in the second quarter of 2017, although posted a loss of €46.1m (US$55.3m) in its half year results. Both figures are considerably better than the carrier’s 2016 second quarter and half year results, which were losses of €44.5m (US$53.5) and €142.1m (US$170.7m) respectively. The half year’s deficit is somewhat attributed to the ... Read More »

Hurricane forces closure of Port of Houston

The Port of Houston closed for several days due to the effects of Hurricane Harvey, which has wreaked catastrophic damage across Texas. The port’s Barbours Cut and Bayport Container Terminals were closed between August 25 and August 31 along with truck in-gates. The Gulf Coast hub’s general cargo facilities also shut on the same day. Roger Guenther, the Port of Houston’s executive ... Read More »

Eurogate Wilhelmshaven to increase labour force by 50%

The terminal receives calls from two global shipping alliances

Eurogate is planning to increase the number of employees at its Wilhelmshaven terminal from 400 to 600, following a rise in alliance calls after the shake-up this year. The facility has seen monthly container throughput on liner services double since May, having gained calls from two of the three global shipping alliances. Mikkel Andersen, managing director of Eurogate Container Terminal ... Read More »

CMA CGM increases South American presence

CMA CGM has added two services linking the East Coast of South America (ECSA) with Northern Europe and the Mediterranean. The Safran service for Northern Europe will begin its journey leaving Rotterdam in late September, heading to nearby ports and then Algeciras. After that, it will call at Santos, Paranagua, Buenos Aires, Montevideo and  Itapoa before heading back to Tangier ... Read More »

Flat half year profits for DP World despite throughput growth

DP World CEO, Sultan Ahmed Bin Sulayem

DP World’s year-on-year attributable profit fell by 0.3% to US$606m in the operator’s half year report, despite solid growth in both container traffic and revenue. Strong volume across all three DP World regions meant gross throughput increased by 8.2% to almost 34m teu, while revenue rose by 9.6% to US$2.295bn. DP World CEO, Sultan Ahmed Bin Sulayem, said: “Our balance ... Read More »