Tuesday , 12 December 2017
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Author Archives: Joe Lo

Terminal set to open on Iran-Azerbaijan border

A new container terminal will open in Astara at the end of November, according to the head of Azerbaijani Railways. Javid Gurbanov said that his company would send trains to Astara, a town which straddles the border between Azerbaijan and Iran on the Caspian Sea. Azerbaijani Railways has rented 35 ha of land on the Iranian side of the border, ... Read More »

Tecon Salvador implements Navis N4 TOS

Brazilian container terminal Tecon Salvador has completed its implementation of the Navis N4 Terminal Operating System. The terminal currently handles 310,000 teu annually and, according to Navis, averages approximately 60 moves an hour. Demir Lourenço, managing director of Tecon Salvador said: “N4 came highly recommended due to its success at some of the world’s leading container terminals. We are confident ... Read More »

APL renews Kaohsiung terminal lease

APL will operate the lease until the end of 2027

American President Lines’ (APL) lease at the Port of Kaohsiung has been extended by ten years to the end of 2027. Nicolas Sartini, APL CEO said: “Today, Intra-Asia container volume accounts for one-sixth of all containers moved globally. We see further growth prospects in this trade where APL is seeking to be a major player. He added: “Our terminal in ... Read More »

Oakland’s maritime revenue growth slows after losing terminal

The Port of Oakland has announced that its maritime revenue grew by just 1.8% in the fiscal year of 2017, which ended on 30th June. This was the first full fiscal year without Ports America Outer Harbour. Ports America exited the terminal in January 2016, saying it was re-focussing its West Coast strategy on Los Angeles, Long Beach, the Pacific ... Read More »

UK government approves Felixstowe rail improvements

The improvements will increase the number of freight trains travelling between Felixstowe and Ipswich

The United Kingdom’s transport minister has signed off on a scheme to improve the Port of Felixstowe’s rail connections. The £60m (US$80m) scheme, jointly funded by Network Rail and Hutchison Ports, will allow up to 47 freight trains to run per day in each direction between Ipswich and Felixstowe. Hutchison-operated Felixstowe is the largest container port in the United Kingdom ... Read More »

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 »