Sunday , 22 July 2018
Latest News

Author Archives: Emmanuel Mair

Rotterdam’s port workers vote for strike

Workers at the Port of Rotterdam’s container terminals have voted to hold several strikes in December and January to protest against potential job cuts once the two new Maasvlakte terminals become fully operational. According to a statement from the FNV Havens union, the overwhelming majority of workers at the port’s container terminals were favourable to the series of 24-hour strikes, ... Read More »

Terex to deliver new equipment units to Basra Gateway

Three Terex RTGs will be supplied to Basra
Gateway Terminal

Terex Port Solutions (TPS) has received an order for two ship-to-shore (STS) cranes and three rubber-tyred gantry (RTG) cranes from a subsidiary of port operator International Container Terminal Services, Inc. (ICTSI) in Iraq. The new cranes, which are being manufactured in Xiamen, China, will be delivered to ICTSI’s Basra Gateway Terminal at the Port of Umm Qasr, Iraq, in the ... Read More »

APM Terminals opens Aqaba logistics expansion

APM Terminals (APMT), with local Jordanian partner Kawar Group, has officially opened the expanded Aqaba Logistics Village (ALV), a multi-purpose distribution centre in Jordan. The newly completed ALV Phase 2 facility includes 13,000 sq m of multi-purpose warehousing alongside 40,000 sq m of open yard. ALV’s developed land now encompasses 24 ha with an additional 20 ha of area expected ... Read More »

CMA CGM begins exclusive discussions with Neptune Orient Lines

CMA CGM has entered exclusive discussions to acquire Neptune Orient Lines (NOL), overcoming competition from Maersk. The exclusivity period is expected to run until December 7, 2015. A statement from the French carrier said: “Should these discussions lead to an agreement, such a combination would contribute to the consolidation of the container shipping industry, at a time when scale is ... Read More »

European Parliament report calls for CO2 reduction targets for shipping

Green campaigners have called shipping the “elephant in the room”

A report, prepared for the European Parliament (EP), has recommended that carbon dioxide (CO2) emissions reductions targets should be set for international shipping. The report estimated that, due to trade growth, international shipping’s share of global carbon dioxide (CO2) emissions may rise from around 3% to 17% by 2050 if left unregulated, a share of emissions equivalent to that of ... Read More »

Hapag-Lloyd squeezes out €3m profit

Hapag-Lloyd has made a net profit for the third consecutive quarter

Newly public shipping line Hapag-Lloyd only just managed to register a third quarter profit of €3.2m (US$3.4m) as the benefits of merging with CSAV in 2014 partially alleviated the damage from a gloomy period for global carriers. Between July and September 2015, the German company recorded higher transport volumes of 1.89m teu, up by 26%, and a 21% increase in revenue ... Read More »

Australian-led consortium buys large stake in Asciano despite Brookfield’s acquisition deal

A consortium led by the Australian logistics company Qube Holdings Ltd has announced that it bought a 19.99% stake in port operator Asciano Limited only a few months after Brookfield Infrastructure announced US$6.6bn deal to acquire it. The Sydney-based Qube purchased the shares with the support of the infrastructure investor Global Infrastructure Partners (GIP) and global investment management organization Canada ... Read More »

CSCL to acquire up to 11 ships of 21,000 teu

CSCL's current largest ship, the CSCL Globe, has a capacity of 19,100 teu

China Shipping Container Lines (CSCL) has announced plans to lease up to 11 Ultra Large Container Vessels (ULCVs) of 21,000 teu via a wholly-owned subsidiary under a bareboat charter. In a filing to the Hong Kong Stock Exchange, the shipping line, which is China’s second largest carrier after Cosco, said that it will bareboat charter six of the ships with ... Read More »

Hapag-Lloyd lowers IPO price range

German shipping line Hapag-Lloyd has again adjusted the terms of its initial public offering (IPO), this time lowering the price range “due to ongoing market volatility”. The carrier has cut the price range to between €20 (US$22) and €22 (US$24) a share from an earlier range of between €23 (US$25) and €29 (US$32) per share. In order to maintain expectations of US$300m in gross ... Read More »

Transnet announces slight growth in port container volumes

South African state-owned company Transnet has announced a 2.3% increase in its port container volumes to 2.34m teu during the six months to September 30, 2015 from the 2.29m teu handled in the same period last year. According to the company, the increase was due to a “marginal increase in import and export containers, in line with the subdued economic ... Read More »