Wednesday , 25 April 2018
Latest News

Author Archives: Emmanuel Mair

Kalmar to deliver 19 straddle carriers to Vado

Port equipment manufacturer Kalmar has received an order for 19 hybrid shuttle carriers from APM Terminals (APMT) for its newest container terminal which is under construction in Vado, Italy. The deepwater facility in Vado, which will receive the Kalmar HSH240 machines in 2017, will be the world’s first container terminal to employ an entirely hybrid shuttle carrier fleet. The hybrid ... Read More »

APM Terminals completes Grup Maritim TCB acquisition

TCB Barcelona container terminal

APM Terminals (APMT) has completed the US$1bn acquisition of Grup Maritim TCB’s port and rail interests. The deal adds eight ports with a combined 2m teu equity-weighted volume to APMT expanding its network to 72 operating ports, across 69 countries. The Maersk-subsidiary moved ahead with the takeover despite being yet to receive approval for three of 11 terminals under Grup ... Read More »

Argentina and Indonesia write-offs hit ICTSI results

Non-recurring charges totalling US$116.2m, due to significant write-offs in Argentina and Indonesia, hit 2015 results for International Container Terminal Services, Inc. (ICTSI), with net income crashing down 68% to US$58.5m. However, excluding these one-time charges, recurring net income would have increased 1% to US$174.7m. The terminal operator handled container volumes of 7.8m teu in 2015, a 5% increase over the ... Read More »

South Carolina terminals to install solar power

South Carolina Ports Authority (SCPA) is to bring solar power to the Wando Welch and Columbus Street terminals by summer 2016. Two solar panel arrays generating 3.7 total megawatts of electricity will be installed on warehouse rooftops, making SCPA the largest rooftop solar host in the state. The port authority hopes that the panels will significantly off-set its energy usage, ... Read More »

Exclusive: Panama VP questions Nicaragua Canal cost effectiveness

Isabel de Saint Malo de Alvarado, Panama's vice president and foreign minister

Panama’s vice president and foreign minister, Isabel de Saint Malo de Alvarado, has fuelled doubts over the viability of the Nicaragua Canal project, claiming further Panama Canal expansions would be more cost effective. Speaking at the London School of Economics, she said: “We could build a third, fourth, fifth expansion at a cost much much lower than it would cost ... Read More »

Rivals Qube and Brookfield discuss joint Asciano bid

Rival companies Qube and Brookfield Infrastructure have begun talks over a joint AU$9bn (US$6.5bn) takeover of Asciano following a bidding war over the last few months. Under the new plan, Australian company Qube would acquire the Patrick Container Terminals Business in 50/50 joint venture with Brookfield and other members of the Brookfield consortium for AU$2.9bn (US$2.1bn). A Qube consortium including ... Read More »

CSAV merger boosts Hapag-Lloyd profits

Hapag-Lloyd’s 2015 results have revealed the benefit of its merger with Chilean line CSAV, with its profits rebounding in stark contrast to the doom and gloom in the container shipping industry. Following a loss in 2014 of €383m (US$509m), the carrier made an operating profit (EBIT) of €366m (US$407) last year. A revenue increase from €6,808m (US$9,046m) to €8,842 (US$9,814m), ... Read More »

Terex-Konecranes merger integration suspended “temporarily”

Konecranes has confirmed that post-merger business integration planning discussions with Terex are suspended although it still expects the deal to be completed. In a statement, the Finnish company said that the halt had come due to the “challenging business environment” coupled with the amount of progress has already been made over the past seven months. On February 22, Konecranes chairman ... Read More »

Qube edges out Brookfield in race to acquire Asciano

Australian rail and port operator Asciano has accepted an AU$9bn (US$6.4bn) bid from logistics company Qube after the former frontrunner Brookfield Infrastructure failed to match the offer within a five day period. The Asciano board has recommended that its shareholders accept Qube’s offer although Brookfield, together with Qatar’s sovereign wealth fund, is still planning to make a higher bid according ... Read More »

Hapag-Lloyd to test XVELA stowage-planning software

Hapag-Lloyd has concluded a cooperation agreement with US supplier XVELA, which will make it the first container shipping line to pilot test cloud-based stowage-planning software. Stowage-planning and cargo data of the individual ships in ports will be available in real-time for both the shipping company and the terminal. The shipping company will be able to see the progress of loading ... Read More »