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Monthly Archives: March 2008

Veolia to acquire Rail4Chem

Seven years after setting up the Essen-based rail cargo company Rail4Chem, its shareholders – BASF SE, Hoyer GmbH Internationale Fachspedition, Bertschi AG and VTG Aktiengesellschaft – have decided to sell the company to Veolia Cargo, based in Paris. Subject to approval from the relevant antitrust authorities, the deal is expected to be finalised during the first half of 2008. The parties have agreed not to disclose the acquisition price. Read More »

New Container Mover from Meclift

Oy Meclift Ltd, the Finnish manufacturer of variable reach trucks and side reachstackers, has introduced its low-cost Container Mover ML35CM for the transport of containers at inland terminals and ports. The Meclift Container Mover is used with a terminal tractor that provides the system’s power supply. It can handle both empty and loaded 20 ft, 30 ft, 40 ft and 45 ft units. Read More »

New port planned for Ras Az Zawr

The Saudi Ports Authority (SPA) has signed a US$586m agreement with the China Harbour Engineering Company Ltd for the design and construction of a new port at Ras Az Zawr, on the east cost of the Kingdom of Saudi Arabia. The agreement was signed by the Minister of Transport and chairman of the board of the SPA, His Excellency Dr Jubarah bin Eid Al-Suraiseri. Read More »

NOL launches container terminals unit

NOL (Neptune Orient Lines) has announced that in 2008 it intends to establish a new container terminals business unit – APL Terminals. The Singapore-based company’s accounts show that if the terminals unit had been operating as a separate business, with charges at arm’s length, it would have delivered revenues of S$609m and EBITDA of US$113m in 2007. Read More »

KPA goes back to the drawing board

Kenya Ports Authority (KPA) has appointed a new consultant to draw up a fresh port master plan after the initial plan was found to be inconsistent with the KPA’s expansion proposals. Read More »

Reconstruction under way at Apapa

AP Moller Terminals, which holds the concession to operate the Apapa Container Terminal in Nigeria, has so far spent US$136m on the expansion and modernisation of the terminal, one of Nigeria’s busiest ports, as it pursues development in line with the federal government’s reform programme. Read More »

DP World to expand Sokhna facility

Dubai Port World (DP World) plans to invest an additional US$1.3bn in the Egyptian deepwater port of Sokhna over the next three years, having acquired a 90% stake in the facility late last year for the sum of US$670m. Improvements will include a new 1,300 m pier and container terminal that will allow the port to handle ships of 8,000 teu and will increase its container capacity to 2m teu annually. Read More »

IMCL launches Gdansk feeder services

The new DCT Gdansk deepwater container terminal has boosted its feeder connections with the arrival of IMCL Inter Marine Container Lines. The operator has introduced a weekly link between DCT, Hamburg and Bremerhaven and is considering adding a second weekly service in the near future. Read More »