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Yearly Archives: 2006

RREEF to invest in Peel Ports

Peel Ports, the UK’s second largest ports group, has welcomed a multi-million-pound investment from RREEF Infrastructure. RREEF is the real estate asset and infrastructure arm of Deutsche Asset Management, the global investment management business of Deutsche Bank. Read More »

Felixstowe welcomes the Emma Maersk

The Port of Felixstowe welcomed on November 4, 2006 the inaugural call of the Emma Maersk, the world’s largest container ship. With a declared capacity of 11,000 teu, the Emma Maersk can handle significantly more containers than any other ship afloat. Read More »

Macquarie acquires Halterm Ltd

Macquarie Infrastructure Partners has reached agreement with Halterm Income Fund to acquire its wholly-owned subsidiary, container terminal Halterm Ltd, in a deal worth C$172.75m. Read More »

Widdows receives top NDTA award

Ron Widdows, CEO of global container carrier APL, received the National Transportation Award from the National Defense Transportation Association (NDTA) in late September. The Award is the highest civilian honour granted by the 8,500-member NDTA, a non-profit educational association based in Alexandria, Va, which is dedicated to strengthening the global transportation system in support of national security. Read More »

Magnum Lease confident of continued growth

Just one year after its formation, Hong Kong-based Magnum Lease Ltd. has firmly established itself as the only specialist leasing company for reefer containers equipped with Magnum reefer engines produced by Thermo King. It has exceeded by a considerable margin its first-year target of leasing 1,000 TK Magnum units to top-tier shipping lines, and in 2007 will be aiming for 5,000 TK Magnums. Read More »

Lerenius to retire from ABPH in early 2007

Bo Lerenius, CEO of Asscociated British Ports Holdings Plc (ABPH) is to retire on March 31, 2007, having overseen the transition of ownership of the group to the Admiral consortium. It is expected that he will become a non-executive dirctor of ABPH following his retirement. The company has now begun the process of finding a new CEO. Read More »

Linde disposes of forklift business

Linde AG has sold its forklift business to a consortium of financial investors, Kohlberg Kravis Roberts (KKR) and Goldman Sachs Capital Partners, for €4bn (US$5.082bn). The price comprises €3.6bn (US$4.574bon) in net equity value and €400m (US$508.2m) of net financial debt. The sale agreement was signed on November 5, and is pending approval by competition authorities. Read More »

Hamburg debut for Gottwald’s latest MHC

The largest mobile harbour crane in the Port of Hamburg, a G HMK 7608 built by Gottwald Port Technology, went into service at the Kamerunkai terminal owned by C. Steinweg (Süd-West-Terminal) GmbH at the end of September. Read More »

Igus provides extreme steel solution

Corus Rail, a steel rail manufacturer based in Workington, UK has replaced the existing, freely suspended festoons on its indoor and outdoor cranes with energy chains from Igus, drastically reducing maintenance requirements and associated costs. Read More »