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Author Archives: Joe Lo

Campaigners accuse IMO of further carbon inaction

Campaigners have criticised the International Maritime Organisation’s (IMO) decision not to finalise an initial strategy to address shipping’s greenhouse gas emissions until 2023. Under proposals submitted to the IMO’s meeting in London on Friday, the emissions reduction strategy will be finalised in 2023, after a three-year project to capture ship-level fuel use data beginning in 2019. According to a statement ... Read More »

Sulphur cap to be implemented by 2020

The International Maritime Organisation (IMO) has ruled that its 0.5% sulphur emissions cap should be implemented by 2020. Delegates at the IMO’s Marine Environment Protection Committee (MEPC) were tasked with deciding whether the cap should be implemented by 2020 or 2025. The global cap on the content of sulphur in marine fuel by 2020 or 2025 was first agreed in ... Read More »

Konecranes cost-cutting improves its profit

Konecranes is led by Panu Routila

Konecranes profitability has improved in the third-quarter due to cost cuts and despite its orders declining. The company has reduced its number of workers by 790 since the beginning of 2016, including 347 in the third quarter. These job cuts have been relatively evenly spread throughout the company’s business areas and geographical regions. Operating profit has increased from €4.1m (US$4.5m) ... Read More »

Cargotec CEO claims ports are delaying equipment purchases

The CEO of Kalmar’s parent company has said that the pace of customer decision making has slowed down in 2016. In his statement on Cargotec’s third-quarter results, Mika Vehviläinen said: “Kalmar’s result was also satisfactory; however, the pace of customer decision making has slowed down, which could be seen in declining order numbers.” According to the results statement, Kalmar received ... Read More »

Konecranes set for biggest ever contract

Konecranes looks set to receive an order for 86 automated stacking cranes (ASCs) from the Virginia Port Authority (VPA). The value of the contracts will exceed €200m (US$218m), making it the biggest order in the company’s history. The deal depends on approval by the VPA’s board of commissioners at its meeting on November 15, 2016 and upon the two companies ... Read More »

Antwerp continues to outstrip rivals

Antwerp's throughput increased by 4% in the first three quarters of 2016

The Port of Antwerp’s container volumes increased by 4% in the first nine months of 2016 to 7.6m teu. This growth rate is slower than 2015’s 8% growth, which was higher than any other port in Europe. However 4% growth is still significantly higher than its North European competitors, allowing it to gain market share. For example, at its two ... Read More »

Strike shuts down Medcenter Gioia Tauro terminal

Gioia Tauro is Italy's biggest transhipment hub

Workers at the Medcenter Container Terminal in Gioia Tauro have taken strike action against 442 threatened redundancies. The strike, which has continued for days over grievances which go back months, is reported to have shut down the container terminal. On 14 October, the unions representing workers announced that Contship Italia, the terminal’s operator, would re-evaluate the redundancies. However, this was ... Read More »

DP World to install 88,000 solar panels

DP World has started to install 88,000 solar panels on the rooftops of its facilities in Dubai, in order to reduce its carbon emissions. The project is the biggest distributed solar rooftop project in the Middle East. Distributed means the power is used close to where it is produced. Once phase one is completed in 2017, the project will provide ... Read More »

Salerno chooses Jade’s Master Terminal

Salerno Container Terminal  is close to Naples

Salerno Container Terminal (SCT) has selected Jade Software’s ‘Master Terminal’ terminal operating system. The system will replace the terminal’s legacy system, whcih is gradually being phased out of the market. SCT is based in southern Italy  and handles about 400,000 teu a year, mainly from the area around Rome, Naples, Bari and Salerno. Kaustubh Dalvi, Jade’s president of global sales ... Read More »

Paranagua inaugurates three new gates

The port of Paranagua has doubled its capacity to receive trucks by inaugurating three new entrance gates. The port administration as part of a R$5.3m (US$1.6m) investment in the port, which hosts the Paranagua Container Terminal (TCP). The investment also includes new offices and four new automatic scales to weigh vehicles, in the wake of the new mandatory container weighing ... Read More »