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Author Archives: Federica Ragonese

Federal Maritime Commission rejects merger of Japanese carriers

NYK Line will hold a 38% stake in the new JV

The US Federal Maritime Commission (FMC) has unanimously rejected an agreement among the three biggest Japanese container carriers to form a joint container shipping service. The Tripartite Agreement was filed by K Line, MOL and NYK on March 24 this year to seek authority for sharing information with each other in advance of starting operations as a new business entity ... Read More »

Cartagena receives six new cranes

The Port of Cartagena’s Terminal de Contenedores de Cartagena (Contecar), Colombia, has received six new super post-Panamax gantry cranes manufactured by ZPMC. The delivery of the new cranes marks the completion of the port’s investment project in its infrastructure, equipment and IT to prepare for the handling of larger ships following the opening of the expanded Panama Canal in June ... Read More »

Maersk deploys first of 27 new vessels ordered

Madrid Maersk is the first of 11 2nd generation Triple-E vessels

The first of 27 vessels ordered by Maersk Line in 2015 to enter service has made its first call at the Port of Tianjin, China. The 20,568 teu Madrid Maersk is also the first in a series of 11 2nd generation Triple-E vessels. The carrier, which deploys the ship in its Asia-Europe service network, is set to take delivery of ... Read More »

Maersk Line to acquire Hamburg Süd for US$4bn

The acquisition remains subject to regulatory approvals

Maersk Line will acquire Hamburg Süd for a total of €3.7bn (US$4bn) on a cash and debt-free basis. The acquisition, which is still subject to regulatory approvals, was approved by the boards of both the Danish shipping company and the German carrier’s owner Oetker Group. Maersk Line expects to complete the deal by the end of the year, with both ... Read More »

DP World reports throughput growth

DP World has reported a 5.7% rise in its gross container volumes in the first quarter of 2017 mainly thanks to growth at its terminals in Europe and the Americas. The port operator handled a total of 16.4m teu across its container terminals, a 5% increase on a like-for-like basis. The company reported growth in all three of its segments, ... Read More »

Maersk starts collaboration with Microsoft

Maersk's chief digital officer Ibrahim Gokcen (left) with Microsoft's Judson Althoff

The Maersk group has partnered with Microsoft to use its cloud computing platform Azure as a single common platform shared by all its transport and logistics businesses. The platform will be used by the group to develop digital products and services across all brands in its Transport & Logistics division. The agreement is expected to help the company use data ... Read More »

Kalmar suffers fall in sales

Kalmar has reported a slight fall in its sales and orders received in the first quarter of 2017. Sales went down by 1% year-on-year to €367m (US$399m) in the months between January and April 2017 from €364m (US$395.7m) in the same period last year. The company’s orders received also fell by 1% year-on-year, going down from €454m (US$493m) in the ... Read More »

CMA CGM and Adani to operate Mundra’s new terminal

The agreement can be extended for ten more years

CMA CGM’s subsidiary CMA Terminals and Adani Ports and Special Economic Zone (APSEZ) have signed a joint venture (JV) agreement to operate a new container terminal at Mundra Port, India, for 15 years. The agreement to operate the new CT4, which was completed three months ahead of schedule, can be extended twice for ten more years. The terminal, which will ... Read More »

Tideworks TOS goes live in San Juan

Tideworks’ cloud-based SaaS terminal operating system (TOS) CitadelMC has gone live at Crowley Maritime’s terminal in San Juan, Puerto Rico. The go-live represents the first part of a multi-phased TOS project, with the final phase expected to be completed at the end of the second quarter of 2017. As part of phase one, the terminal went live with Tideworks’ Mainsail ... Read More »

CMA CGM-backed consortium to take majority stake in Thessaloniki Port

Thessaloniki will become the second Greek port to be privatised after Piraeus

A consortium comprising CMA CGM’s terminal operating-arm Terminal Link, Deutsche Invest Equity Partners GmbH and Belterra Investments has been declared as the highest bidder for a 67% stake in Thessaloniki Port Authority. The total value of the agreement amounts to €1.1bn (US$1.2bn) for Greece’s second largest container port, which is being privatised as part of the terms of the country’s ... Read More »