Tuesday , 30 May 2017
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Author Archives: Federica Ragonese

Algeria to build new deep-water port

The government of Algeria has greenlighted the construction of a US$3.3bn new deep-water port at El Hamdania, local media reported. The government’s approval followed the announcement in December that Algeria’s Laboratoire des Etudes Maritimes (LEM) drew up plans for the facility with South Korea’s Yooshin engineering corporation. Plans for the port, which will be located 70 km west of Algiers, ... Read More »

Maersk Line and Hamburg Süd enter East-West trade slot purchase agreement

The agreement is not related to Maersk Line's acquisition of Hamburg Süd

Maersk Line and Hamburg Süd have agreed a slot purchase agreement for Hamburg Süd’s volumes on the East-West trades to be shipped on vessels in the 2M network. Due to changes in the global liner alliances, the agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current slot purchase arrangements on the East-West trades. Although Maersk Line ... Read More »

Haifa Port handles it largest ship

The ship is part of a 2M Alliance weekly service

Haifa Port’s Carmel Terminal, Israel, has received a call by the largest ship ever docked in the country. The 13,092 teu Maersk Elba links ports in South Korea, China and Singapore to Haifa Port, continuing from there to the Adriatic ports as part of a weekly service operated by the 2M Alliance, which includes Maersk and the Mediterranean Shipping Company ... Read More »

Navis N4 goes live in Mozambique

US-based terminal operating system (TOS) provider Navis N4 system has gone live at the Port of Beira, Mozambique. According to a company statement, Cornelder de Moçambique (CdM), which operates the port’s container and general cargo terminals, decided to replace its existing TOS as it was unable to support the facilities’ future business requirements, including automation and business intelligence. The new ... Read More »

CMA CGM prepares for global sulphur cap

The partnership will last three years

CMA CGM has signed a Memorandum of Understanding (MoU) with oil and gas company Total to gear up for the stricter fuel regulations which will affect the global shipping industry from 2020. The three-year MoU will involve combined efforts to develop solutions to make container vessels more-environmentally friendly in preparation for the global sulphur cap, which will require ships trading ... Read More »

New Federal Maritime Commission chairman appointed

Republican maritime industry veteran Michael A. Khouri has been appointed as acting chairman of the US Federal Maritime Commission (FMC) by the recently-elected US President Donald Trump. Khouri, which has a 45-year experience in the maritime sector and was appointed an FMC commissioner by the USA’s former President Barack Obama in 2009, replaced the Democrat Mario Cordero, which held the ... Read More »

Marseille reports 2.5% growth

The Port of Marseilles Fos has recorded a 2.5% year-on-year increase in its container volumes in 2016. The port handled a total of 1.25m teu last year, compared to 1.22m teu handled in 2015, with container throughput going up by 4% at the dee-sea Fos terminals. According to the port, container volumes were boosted by an increase of 20-80% on ... Read More »

New Germany-Italy intermodal connection launches

Stena Line will operate a sea connection between Kiel and Goteborg

Logistics company Ekol has started a new direct train connection between the ports of Kiel, Germany, and Trieste, Italy. The news follows the company’s recent acquisition of a majority stake in Trieste’s multipurpose facility EMT Terminal. The train connection, which is the first from the Port of Trieste to link the Baltic-Adriatic Corridor, will initially be operated once a week ... Read More »

COSCO expects US$1.4bn loss

Chinese shipping giant COSCO Shipping Holdings expects to report an RMB9.9bn (US$1.44bn) net loss in 2016 amid slow growth in global container shipping demand and oversupply of shipping capacity. According to a profit warning to the Hong Kong Stock Exchange, due to weak market conditions, the group’s container shipping segment’s growth was lower than the growth of the container shipping ... Read More »

British logistics chiefs warn over Brexit customs processes

Theresa May has stated that she wants to make a new customs agreement with the EU

Leading figures in the British ports and logistics industry have told the British parliament that the potential introduction of customs clearance procedures, resulting from Brexit, could “seriously disrupt” supply chains. The potential effects of leaving the European Union Customs Union (EUCU) include increased cargo transit times, a need for larger storage facilities and higher costs to importers and exporters, they ... Read More »