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Monthly Archives: March 2007

Morgan Stanley takes 80% stake in MGT

Morgan Stanley has agreed to acquire an 80% interest in Montreal Gateway Terminals (MGT) from Germany's TUI. TUI's shipping subsidiary Hapag-Lloyd, which inherited MGT from the takeover of CP Ships, is a major customer of MGT and will remain a partner, retaining a 20% stake in the company. Read More »

Kazakhstan to invest in sea transport

Kazakhstan plans to spend some US$857m in the period to 2012 in order to develop its sea transport, according to the Ministry of Transportation and Communication. The bulk of the funds will be borrowed. Read More »

Strong growth for Konecranes

Konecranes enjoyed a year of exceptionally strong growth in 2006, with improving profitability in all three of its main business areas and strong growth in all geographical regions, according to the company’s audited financial statement. Read More »

Tideworks system deployed at Portland

Tideworks Technology has deployed its gate operating system, GateVision, at Terminal 6 (T-6) of the Port of Portland’s deep-sea container handling facility, its ninth implementation of the product. According to Tideworks, GateVision will benefit gate operations at T-6 by integrating four key components – voice communication, video information, scale data information and the terminal operating system – into a single interface. Read More »

Panama Canal restructures pricing system

The Panama Canal Authority (ACP)’s board of directors has made a formal proposal to restructure the Canal’s pricing system and a number of its regulations. The new structure, it says, is based on the commercial value of the Canal’s route and the service it provides to shippers. If approved, it will promise to guarantee the new prices for a period of three years, until 2009. Read More »

ExpressRail sets new handling record

ExpressRail, the Port Authority of New York and New Jersey’s ship-to-rail terminals in New Jersey, set a new record for container handling in 2006, boosting its volumes by 11.8%. Read More »

New locos for Freightliner

The first consignment of Freightliner Group’s latest order for 16 Class 66 locomotives has arrived at ABP Newport in South Wales. Part of an initial investment of £30m, the new locomotives will increase the size of Freightliner’s Class 66 fleet to 120 units. Read More »

OCR/radiation scanning in a single device

VeriTainer, the only company offering crane-mounted radiation scanning technology, and APS Technology Group, a leading provider of shipping industry OCR (optical character recognition) solutions, have joined forces to offer a new security device that identifies containers while protecting against the threats of radiation and terrorist activities. Read More »

Johnson to power Scania sales drive

Ray Johnson has been appointed engine sales manager for Scania (Great Britain) Ltd, with responsibility for raising the profile of the company’s range of industrial and marine engines. The company supplies a range of engines to the power generation and marine sectors, in addition to earth-moving plant and pumping equipment. Read More »