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Author Archives: Emmanuel Mair

New projects bolster ICTSI throughput but hit profit

Container volumes handled by International Container Terminal Services, Inc. (ICTSI) jumped by 10% in the first half of 2016 although this did not stop net income from falling 13%. The rise in volumes to 4.26m teu was mainly due to the continuing ramp-up at ICTSI Iraq and new shipping line customers and services at the firm’s terminals in Guayaquil, Manzanillo, ... Read More »

Yilport secures US$750m concession for Ecuador’s Puerto Bolívar

Puerto Bolívar in Ecuador

Yilport Holding has signed a 50-year concession to operate Puerto Bolívar in Machala City, Ecuador, which includes a commitment to invest US$750 in the port. The development will occur in five phases, creating Latin America’s largest container terminal with an annual capacity of 2.5m teu. Puerto Bolívar port is one of the world’s largest shipment points for fruits and seafood. ... Read More »

New multipurpose terminal opens in Singapore

Combi Terminal, a new facility for multipurpose vessels carrying a combination of containers and general cargo, has begun operations. Managed by Jurong Port, the terminal’s launch eliminates the need for multipurpose vessels visiting Singapore to call at separate terminals or berths to load or unload different cargo types. Ooi Boon Hoe, CEO of Jurong Port, said: “With our Combi Terminal, ... Read More »

Elektrans Shipping implements new asset management system

Elektrans Shipping, part of the Elektrans Group, has begun implementing a web based integrated fleet management system, Marine Asset Management System (MAMS). MAMS covers all aspects of ship management, including planned maintenance, safety, procurement, crewing and voyage management, and provides a business intelligence and compliance tool. Michael Elwert, the Elektrans Group CEO, said that the system would “address the needs ... Read More »

Ports America and Port Tampa Bay extend terminal concession

Ports America, which currently operates Florida’s Port Tampa Bay Container Terminal, has signed an amended container agreement with the Tampa Bay port authority which will be valid until May 2046. The company also agreed to a new breakbulk concession of five years which includes two one-year concession options. Ports America stevedoring president Tom Perdue stated that the terminal operator and ... Read More »

DP World’s UAE volumes down by 6%

Jebel Ali in Dubai is DP World's flagship facility

DP World’s container volumes in the UAE, largely from its flagship facility Jebel Ali, fell 6% in the first half of 2016 due to a reduction in lower-margin cargo. Its UAE terminals handled 7.4m teu, down from 7.9m teu in the equivalent period last year. However, additions to DP World’s container handling capacity at new facilities helped the firm’s worldwide ... Read More »

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 »