Thursday , 21 September 2017
Latest News

Author Archives: Emmanuel Mair

Konecranes cost-cutting delivers profit

Operating profit at Konecranes rose by 2.9% in the first half of the year to €28.9m as the firm reduced costs by laying off workers and reducing its equipment manufacturing capacity. The adjusted figure for operating profit, excluding restructuring costs and transaction costs related to the Terex material handling and ports solutions (MHPS) takeover, increased by 27.3% to €50.8m. Between ... Read More »

Hong Kong port operators call for additional berths

Lack of space is a problem in Hong Kong

The Hong Kong Container Terminal Operators Association (HKCTOA) is urging the government to provide additional barge berths and back up land to “restore the competitiveness” of Hong Kong Port. Container volumes fell by as much as 10% at the port last year and a prolonged decline has seen it fall from the busiest container port in the world in 2004 ... Read More »

Konecranes offers divestment to seal Terex MHPS takeover approval

Konecranes has offered to divest its STAHL CraneSystems business to meet the European Commission’s (EC) guidelines regarding its acquisition of Terex’s material handling and port solutions (MHPS) segment. STAHL CraneSystems, which is headquartered in Künzelsau, Germany, is a global supplier of hoisting technology and crane components. The divestment is meant to placate EC concerns about the supply of hoists in ... Read More »

Antwerp and Bandar Abbas sign collaboration agreement

Eddy Bruyninckx of Antwerp Port Auhority and Saeed Nejad from Iran's Ports & Maritime Organisation

Antwerp Port Authority has signed a collaboration agreement with Shahid Rajaee Port Authority which controls the port of Bandar Abbas in Iran. Under the terms of the memorandum of understanding (MoU), the port authorities of Antwerp and Bandar Abbas will join forces so that companies in both ports can collaborate closely and develop trade between the two regions. This will ... Read More »

Ports America exploring US$1bn sale

Ports America is reportedly exploring a sale which would value the company at US$1bn. The terminal operator’s owner, Highstar Capital, which is a private equity firm, is working with investment bank RBC Capital Markets LLC to find a buyer according to Bloomberg, Ports America currently has a network of 36 container terminals in 24 US ports, and holds approximately one ... Read More »

Cotonou in Benin receives two mobile harbour cranes

One of the new cranes at Cotonou

APM Terminals (APMT) Cotonou, operating as Coman SA at Benin’s primary port has commissioned two new mobile harbour cranes (MHC). The Liebherr MHCs will bring the terminal’s operating total to five, after the decommissioning of an older crane. The cranes have lifting capacity of 144 tonnes, making them the largest in the port area. Coman SA managing director Koen De ... Read More »

Rhenus and Sankyo create joint logistics venture

The Rhenus Group and Sankyo Corporation have registered a joint venture called Rhenus Sankyo Logistics, focusing on tapping into the Japanese logistics market. The joint venture will mainly handle imports and exports to and from Japan, but also provide domestic services including distribution and warehousing in the country. Tobias Bartz, a member of the Rhenus board, said: “Japan is the ... Read More »

Kalmar delivers reachstacker to Texas intermodal facility

The Kalmar Super Gloria reachstacker

Kalmar, part of Cargotec, has delivered a super Gloria reachstacker for barge handling to the JR Intermodal Green Transport Terminal in Texas. This reachstacker is the first super Gloria model that has been delivered to the Western Hemisphere. The unit can reach the fourth row in a barge, which is further than Kalmar’s standard reachstacker, and it lifts 45 tonnes. ... Read More »

Extra duisport rail services for DHL

DIT Duisburg Intermodal Terminal Credit: Rolf Köppen

Road and rail freight operator DHL Freight is to expand its offering through Duisburger Hafen AG (duisport) with two new multimodal services for groupage transport offering connections between Europe, Asia and North Africa. New weekly rail traffic offers 22 to 24-day groupage transport between Western Europe and China. For companies that cannot fill a full container on their own, the ... Read More »

Transnet volumes down

Container volumes handled by Transnet Port Terminals slipped by 4.5% to 4.37m teu in the year ending on March 31, 2016. The decline occurred due to falls in transhipment, vehicle and transport equipment imports and exports of electronics, base metal and chemical products, caused by low demand both locally and internationally. According to a company statement, lower transshipment volumes were ... Read More »