Tuesday , 30 May 2017
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Author Archives: Emmanuel Mair

Nicaragua launches work on canal project

HKND Group Chairman Wang Jing speaks during the start of the first works of the Interoceanic Grand Canal in Brito town

Some 18 months after the highly controversial concession was granted to the Hong Kong-based HKND Group, Nicaragua has officially begun work on its hugely ambitious interoceanic canal project. “This moment will surely go down in history. I announce the start of work on the great canal of Nicaragua,” HKND boss Wang Jing said at the official ceremony, held in the ... Read More »

Watch: Terex Port Solutions enjoys Turkey at Christmas

Terex Port Solutions (TPS) has delivered the first 12 of a total of 24 rubber-tyred gantry (RTG) cranes to Asyaport, a new international container terminal situated on the Sea of Marmara, Turkey. The cranes were designed and manufactured in the TPS facility in Xiamen, PR China. The machines are the first ever Terex RTG cranes delivered to Turkey, said Maurizio ... Read More »

Green light from environmental agency for APMT’s Moín project

An artist's impression of how the new APM Terminals facility will look

The Costa Rican government’s environmental agency, Secretaría Técnica Nacional Ambiental (SETENA), has approved APM Terminals’ Moín Container Terminal project, with construction to start within 30 days of 19 January 2015. The first development phase of the US$1bn Terminal de Contenedores de Moín (TCM) will see the access channel and turning-basin dredged to 16 m, a new 1.5 km breakwater constructed ... Read More »

Marseilles Fos unveils US$440m growth strategy

The Marseilles Fos port authority has announced a four-year plan which involves €360m (US$440m) of investments before 2018. These developments include those already in the pipeline and will improve both the Marseilles and Fos harbour areas. In a statement, the authority said that in a context of economic constraints and falling oil traffic, private investors will be sought to add ... Read More »

Protecting the pie: Global tensions are filtering through to the container industry

The effects from Russia's economic stutter may filter to container shipping
Credit: Jürg Vollmer

In years gone by, it was easy to accept the notion that economic prosperity and free market collaboration were inextricably linked. Indeed, the first half of the last decade provided significant economic growth for many of the world’s developed economies and the emerging market BRIC (Brazil, Russia, India and China) countries began to take off. However, the era when British ... Read More »

Shippers switch to expensive air freight due to US port congestion

Port congestion has led shippers to consider switching to air Credit: Dean Morley

Research into current US West Coast port congestion by maritime advisory company, Drewry, indicates that shippers are paying high prices to switch their transport from ocean to air for the holiday season. The diversions are generating expensive costs because air rates are at their seasonal highpoint of the year and the addition of cargo, usually moved by sea, is increasing ... Read More »

APM Terminals interested in potential Istanbul terminal

Istanbul is Turkey's largest city with a population of over 14 million Credit: Bentom Wyemji

Container terminal operating company, APM Terminals, are interested in opening a facility in Istanbul in Turkey’s Marmara region. Although, no specific timeframe has been mentioned, Turkey’s “sizeable” economic growth compared to the rest of Europe plus its “low container penetration ratio” are proving attractive to the multinational company. Turkish container volumes are growing at twice the speed of GDP, which ... Read More »

CMA CGM acquires OPDR

The French shipping line CMA CGM has announced the acquisition of the German short-sea shipping operator Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR), owned by the Bernhard Schulte Group. The move is part of CMA CGM’s strategy to manage the short-sea feeder services for its oceangoing vessels; in recent years the world’s third largest shipping line has acquired a number of similar sized short-sea ... Read More »

Westports to build US$300m new terminal

Port Klang will soon have another terminal

Terminal operator Westports Holdings plans to invest RM1bn (US$300m) in a new container terminal at Port Klang in Malaysia. The company, which already operates the largest terminal in Port Klang, believes that its transhipment business has room to grow and that its new terminal will become a major hub for the new Ocean Three shipping alliance. Westports CEO Ruben Emir ... Read More »

Expansion and acquisitions at Contship Italia terminals

Contship Italia’s La Spezia Container Terminal’s (LSCT) acquisition of Speter S.p.A, reported in CM earlier this year, is now complete, as is the integration of the organisation, systems and processes. Now the terminal, generally recognised as a specialist in the deep-sea container trades, has expanded services to include short sea trades linking Italy and North Africa, handling both containers, general ... Read More »