Thursday , 27 July 2017
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Author Archives: Emmanuel Mair

UK northern ports form partnership

The north of England’s four main ports have formed a new organisation called the Northern Ports Association, hoping to create jobs, boost exports and prosperity across the region. The partnership, which features Liverpool (run by Peel Ports), Hull (Associated British Ports), Tees Valley (PD Ports) and Tyne (Port of Tyne), coincides with the government’s Northern Powerhouse agenda, which aims to ... Read More »

New Orleans Terminal, LLC goes live with Tideworks TOS

New Orleans Terminal, LLC

New Orleans Terminal, LLC has successfully gone live with Tideworks’ terminal operating system (TOS) solutions under a Software as a Service (SaaS) model. SaaS is a software distribution model in which software is licensed on a subscription basis and is centrally hosted. James Parker, vice president of Ceres Gulf New Orleans, said that he was confident the system would help ... Read More »

DP World signs MOU with Summa Group

The signing featured  Russia's transport minister Maksim Sokolov (rear)

DP World has signed a memorandum of understanding (MoU) with an investor in Russian infrastructure, the Summa Group, in order to explore investment opportunities in ports, special economic zones and inland logistics facilities. The partnership will also focus on the development and implementation of freight delivery and port processing technologies. The development and promotion of the Asia-Pacific Economic Cooperation (APEC) ... Read More »

ICTSI breaks ground on auto logistics hub

International Container Terminal Services, Inc. (ICTSI) has broken ground along with NYK Auto Logistics Philippines (NALP) and other project partners on NYK’s new pre-delivery inspection and storage facility. The area is located on ICTSI-owned land in Barangay Niugan, Cabuyao Laguna, in the Philippines. The facility will serve as a storage center for completely built-up units (CBUs) discharged from Bauan International ... Read More »

Vessels stranded and rates soaring after Hanjin collapse

Stranded Hanjin cargo is causing headaches throughout the supply chain

Hanjin Shipping’s bankruptcy has caused immediate ripple effects through the global supply chain with ships and cargo stranded while freight rates are up by 40% on some trades. The Korea International Trade Association has said that about ten Hanjin vessels in China have been either seized or were expected to be seized by charterers, port authorities or other parties. One ship ... Read More »

India incorporates port development company

The Indian government has incorporated the Sagarmala Development Company (SDC) with an initial authorised share capital of Rs.1,000 crore (US$150m), to promote port development in the country. The new firm will have a subscribed share capital of Rs. 90 crore (US$13m), the ministry of shipping announced. SDC will raise funds “as debt/equity (as long term capital), as per the the ... Read More »

Hanjin files for receivership

Hyundai Merchant Marine is interested in acquiring Hanjin's assets

Hanjin Shipping has filed for court receivership after its creditors refused to provide any further loans to the debt-ridden carrier. Ports including those in Shanghai, Xiamen, Valencia, and Savannah have blocked access to Hanjin ships due to concerns they would not be able to pay fees, reported Reuters. The firm’s board unanimously agreed to make the court filing after failing ... Read More »

APM Terminals to invest US$70m in New Jersey facility

APM Terminals (APMT) is to invest US$70m in its largest facility on the US East Coast, enabling it to receive increased loads from larger vessels travelling via the Panama Canal. Annual capacity at the terminal in Port Elizabeth, New Jersey, will increase from 1.5m teu to 2.3m teu due to the addition of a new berth capable of handling 13,000 ... Read More »

Leased container equipment fleet growth to slow

Following growth of only 3.5% in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by just over 1% in 2016. Research from shipping analyst Drewry suggests that growth in only the specialised reefer and tank container fleets will exceed that of dry freight. In particular, the leased reefer fleet will continue ... Read More »

New tunnels for reefer container maintenance in Hamburg

Staff can now access reefer containers on foot

Five tunnels which are required to maintain reefer containers, have gone into operation at Hamburger Hafen und Logistik AG’s (HHLA) Container Terminal Altenwerder (CTA). This adds additional storage capacity equivalent to a quarter of a storage block at CTA. The tunnels were built by Hamburger Container- und Chassis-Reparatur-Gesellschaft mbH (HCCR), a subsidiary of HHLA. Previously, since maintenance staff required access ... Read More »