Thursday , 24 May 2018
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Author Archives: Emmanuel Mair

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 »

DP World in talks for Yuzhny concession

President Poroshenko visited Jebel Ali

DP World’s group chairman and CEO Sultan Ahmed Bin Sulayem has held talks with Ukrainian President Petro Poroshenko on participating in the concession of the state port Yuzhny. The pair also spoke about collaboration on technology-driven customs operations during Poroshenko’s visit to Jebel Ali Port and Freezone. Last year, DP World signed a Memorandum of Understanding (MoU) with the government ... Read More »

ATL Haulage Contractors to set up operations at London Gateway

Local logistics provider ATL Haulage Contractors has entered an agreement for a 2.54 acre HGV yard in DP World London Gateway, providing parking for up to 80 trucks. The terminal will develop the facility, which will be operational by June 2018, and serve as ATL’s operational base as well as hosting the firm’s new headquarters. SH Pratt Group, one of ... Read More »

All operations at Port of Durban back underway

Marine operations at the Port of Durban have resumed after being affected by a storm in KwaZulu-Natal in October. On the terminal side, availability of the rubber-tyred gantry (RTG) cranes at Pier 1 has increased from 11 to 15 while a total of five ship-to-shore (STS) cranes are operational, whilst one is still under repairs. At Pier 2, 11 STS ... Read More »

COSCO Shipping Ports installs new leadership at Noatum

Following the closure of COSCO Shipping Ports’ agreement to acquire a majority stake in Noatum Points, the Chinese state-owned company has begun installing a new management team. Kai Sun, who has previously managed several terminals in China as well as being former chief operating officer at Piraeus Container Terminal, is set to become the new CEO of Noatum Ports. Wei ... Read More »

COSCO Shipping to raise US$2bn for 20 new ships

COSCO has previously agreed to acquire OOCL for US$6.3bn

Now back in profit, COSCO Shipping has announced plans to raise 12.9bn yuan (US$2bn) to fund the construction of 20 new container vessels, with 11 of more than 20,000 teu in capacity. In particular, six ships will have a capacity of 21,237 teu and five vessels will each be able to carry 20,119 teu. From the remainder, four ships will ... Read More »

Malta Freeport opts for Navis N4

Malta Freeport Terminals has implemented the Navis N4 terminal operating system (TOS) as it seeks to strengthen its technological capabilities ahead of increasing its capacity to 4.5m teu. The Mediterranean transhipment hub currently has an annual capacity of 3.8m teu with a gross crane productivity of 30 moves per hour. The TOS was introduced during a 24 hour closing over ... Read More »

Port of Antwerp joins plastic reduction initiative

The Port of Antwerp has joined a programme to organise measures for keeping the loss of pellets to a minimum, in an effort to keep plastic out of the environment. Plastic products are made from polymers, usually delivered in the form of small pellets, and Antwerp is the main polymer hub in Europe for the production, handling and distribution of plastic ... Read More »

Bharat Mumbai Container Terminals orders 18 RTGs

PSA-subsidiary Bharat Mumbai Container Terminals has ordered 18 rubber-tyred gantry (RTG) cranes from Konecranes in addition to a prior order for 18 RTGs and 4 rail-mounted gantry (RMG) cranes. The latter set will be delivered by the end of this year, which nine RTGs will be delivered by August 2018 and the final nine units by the end of next ... Read More »

SSA Marine takes APMT’s lease in Tacoma

SSA Marine has strengthened its presence in the Seattle/Tacoma port complex

APM Terminals (APMT) Tacoma has transferred its lease to a joint venture between SSA Marine and Matson Lines, called SSAT. APMT’s lease was valid until the end of 2017 but contractual language allowed the lease transfer. The facility was primarily used by the Matson Alaska Service, with twice-weekly sailings between Tacoma, Anchorage and Kodiak, Alaska, and a weekly service between Tacoma ... Read More »