Thursday , 23 November 2017
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Author Archives: Emmanuel Mair

Finnish terminals become first to go live with N4 cloud TOS

Two Finnish container terminals Steveco Vuosaari and Steveco Mussalo have become the first in the world to go live with Navis’s N4 terminal operating system (TOS) in a hosted private cloud environment. Steveco sought a new TOS provider after learning that its legacy provider would no longer develop future versions of the software. The terminal operator then became the first ... Read More »

Hapag-Lloyd and UASC finally merge

Hapag-Lloyd's headquarters will remain in Hamburg

Hapag-Lloyd and United Arab Shipping Company (UASC) have merged, creating the fifth largest shipping line in the world with a shared fleet capacity of 1.6m teu. It is hoped that the deal, which comes more than one year after discussions began, will deliver annual synergies of US$435m, making investments in new-buildings unnecessary for the next few years. The two majority ... Read More »

Marsh: Blockchain can save $300 per container

A study by insurance broker Marsh indicates that using blockchain technology could help to save US$300 per container “in terms of labour and the time and money spent processing associated documents”. For an ultra-large container ship (ULCS) carrying 18,000 containers, the saving could amount to US$5.4m, the report stated. A previous study by Maersk said that, on average, about 30 ... Read More »

Dynamar: East & Southern Africa volumes to hit 7m teu by 2020

The overall number of full containers to be carried in East and Southern Africa by 2020 is anticipated to exceed 7m teu by 2020 according to Dynamar. In its latest report, the consultant pointed out that although South Africa’s economy is struggling, for East Africa and the Indian Ocean Islands combined, the expected growth rate is nearly 10%. Nevertheless, the ... Read More »

Four STS cranes to be heightened in Oakland

The cranes will be heightened by 27 ft

A nine month project to heighten four ship-to-shore (STS) cranes has begun at Oakland International Container Terminal (OICT) in the Port of Oakland. The port authority is working in partnership with SSA Marine on the US$14m project to raise the 366-ft cranes by 27 ft. John Driscoll, the port’s maritime director, said: “Vessels are getting bigger and bigger and we’re ... Read More »

China pledges over US$100bn for One Belt, One Road

Chinese president Xi Jinping has pledged to invest Rmb840bn (US$124bn) in One Belt One Road (OBOR) projects to build ports, roads, rail and industrial facilities connecting China to Europe. At the Belt and Road Forum in Beijing, Rmb100bn (US$14.5bn) was confirmed to augment the Silk Road Fund while Rmb380bn (US$55.1bn) will be used for loans for infrastructure and development projects ... Read More »

High bunker prices hit Hapag-Lloyd results

Rate increases are expected to help results later this year

Ongoing bunker price rises contributed to a tough first quarter of 2017 for Hapag-Lloyd with a loss of €62.1m (US$67.9m) despite an increase in transported volumes. Average bunker prices were the highest level seen since June 2015 at US$313 per tonne, up from last year’s figure of US$197 per tonne. During the quarter, the average freight rate was US$20 lower ... Read More »

Maersk remains upbeat despite mixed results

MCI was the group's most improved segment

Maersk Line suffered an underlying loss of US$80m in the first quarter of 2017 although the carrier still expects to improve its underlying result by US$1bn over the calendar year due to higher freight rates. Despite a 4.4% overall increase in freight rates, the shipping line’s results were hit by higher bunker costs. Rates on the East-West trades picked up ... Read More »

Port of Rotterdam launches navigation tool

The Port of Rotterdam is Europe's largest port

The Port of Rotterdam Authority has launched an online route planner, providing information on available connections to hinterland destinations via sea, rail or barge. The beta version of the platform, named Navigate, contains deep-sea and short-sea schedules connecting to 550 ports worldwide as well as rail and barge connections between Rotterdam and more than 150 European inland terminals. Emile Hoogsteden, ... Read More »

Double digit growth for ICTSI

ICTSI's new joint venture terminal in Buenaventura, Colombia, made a loss

International Container Terminal Services, Inc. (ICTSI) enjoyed a strong first quarter of 2017 with double digit growth across both container throughput and financial results. Volumes rose by 11% to 2,272,647 teu, largely due to growth in emerging markets with contributions from the continuing ramp-up at ICTSI Iraq, and ICTSI Democratic Republic of Congo (IDRC), the company’s new terminal in Matadi, ... Read More »