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Monthly Archives: April 2008

Revenues up 32% at DP World

DP World announced revenue growth of 32% from its global portfolio of 42 marine terminals for the year ended 31 December 2007, to reach a total of US$2.73bn. EBITDA increased by 56% to US$1.1bn, with margins increasing to 40.3%. After-tax profits for the year increased by 52% to US$420m, while net cash from operating activities amounted to almost US$1bn. Read More »

No U-turn on Peru’s port policy

Facing the threat of an indefinite strike invoked by the Federación Nacional de Trabajadores de la Empresa Nacional de Puertos (Fentenapu) in May 2008 in order to halt the concessioning of the Ports of Paita and Pisco in October, Peruvian president Alan García has made it clear to protesters who recently attempted to disrupt operations at the Port of Callao, that the Government will not waiver in its port concession policy “whatever the cost”. Read More »

Gothenburg’s rail shuttles slash emissions

The Port of Gothenburg, which handles some 70 per cent of Sweden’s container traffic, claims to have saved 42,000 tonnes of carbon dioxide emissions in 2007 by transporting goods to and from the port by rail instead of by road – equivalent to 200,000 flights between Gothenburg and Stockholm or the annual emissions of 14,000 passenger cars. Read More »

VTS acquisition helps duisport double sales

The duisport Group of Germany recorded consolidated sales (including sales from strategic partnerships) of €126.5m in 2007 – 97% higher than the €64.1m reported in 2006. In its traditional segments – Infrastructure and Suprastructure, and Transhipment and Logistics Services – the group recorded sales of €65.2m, an 11% rise year-on-year. EBITDA grew by 20% to €22.6m, while pre-tax earnings increased by 43% to €7m. Read More »

Triple Celebrations at JNPT

The 2007-08 financial year was a landmark year for the Jawaharlal Nehru Port Trust in which it not only handled 4.06m teu – an increase of 23% over the the last financial year - but it also broke through the 4m teu barrier for the first time. Of the total, 1.26m teu were handled JNPCT, 1.51m at NSICT and 1.29m at GTICT. Read More »

AAPA Supports Colombia Free Trade Agreement

After participating in the official transmittal ceremony of the Colombia Free Trade Agreement with President Bush, the American Association of Port Authorities (AAPA) President and CEO Kurt Nagle announced the Association's full support of this important accord. Read More »

Bandar Abbas welcomes first 8,000 teu vessels

The Shahid Rajaee Port Complex (SRPC) at Bandar Abbas, Iran’s busiest container port, has welcomed its first 8,000 teu vessels. The MSC Judith, with a capacity of 8,085 teu, arrived at the terminal in late February. Previously, the biggest vessel to call at SRPC had been of 6,500 teu capacity. Read More »

Boost for Port Said’s crane fleet

Port Said Container & Cargo Handling Co (PSCCHC) has added two new super post-Panamax gantry cranes and two RTGs from ZPMC (Zhenhua Port Machinery Co) of China to its crane fleet at Port Said Container Terminal (PSCT). Read More »

Cargo volumes up 16% at Helsinki

Unitised cargo traffic at the Port of Helsinki reached 11.9m tonnes in 2007, representing an increase of 16% over the previous year. The new shipping service between Helsinki and Rostock and new ships between Helsinki and Travemünde contributed to the increase. Read More »