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Yearly Archives: 2008

Korean port investment for CMA CGM

CMA CGM continues to pursue its investment policy, with the acquisition on December 31, 2007, of a 12% stake in a future container terminal at the port of Busan in South Korea. Known as Busan 2-3, the new terminal is expected to become operational in 2011. It will be operated in partnership with Macquarie, Bouygues, Hyundai, KMTC, Busan Port Authority and local operators KUKJE and KCTC. Read More »

Financing secured for Maasvlakte 2

Bank Nederlandse Gemeenten (BNG) and the Port of Rotterdam Authority signed a financing agreement of €450m on January 16, 2008 for the construction of Maasvlakte 2 and infrastructure in the existing Rotterdam port area. Read More »

Thermo King targets short-sea routes

Short-sea carrier Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH (OPDR), which recently celebrated 125 years of service, has made a significant investment in Thermo King’s MAGNUM container reefers over the past year. Depending on the season, OPDR usually has 400-650 reefer units in stock, and it has changed 137 of these to MAGNUM units. Read More »

Hammar moves into US market

Hammar Lift Inc., a US subsidiary of Hammar Maskin AB of Sweden, has become the first sideloader company to establish operations in the US. For 35 years, Hammar has manufactured side/self-loading container handling systems and trailers known as Sideloaders, Sidelifters, Swinglifts or Self-loading trailers. Read More »

POLA funds trials of REGEN technology

The Port of Los Angeles (POLA) has awarded funds to three of its terminal operators for the purchase of VYCON REGEN systems. VYCON will supply its high-speed, flywheel-based, environmentally-friendly energy storage systems to Yusen Terminals Inc., Marine Terminal Corporation and TraPac, for installation on their RTG cranes. Read More »

Antwerp container volume passes 8m teu

The Port of Antwerp expects a final figure of 181.5m tonnes of freight handled by the end of 2007, based on provisional figures. This represents growth of more than 8% compared with the 167m tonnes handled by the Port in 2006. Read More »

BCT upgrades to Tideworks TOS

The Baltic Container Terminal (BCT) in Gdynia in Poland, a subsidiary of International Container Terminal Services, Inc. (ICTSI), recently implemented a new terminal operating system from US-based Tideworks Technology. The new system replaces BCT’s old TOS, which was installed in the late 1990s. Read More »

Strong year of growth for PTP

Within just eight years, the Port of Tanjung Pelepas (PTP) in Malaysia has transformed itself into a major transhipment hub and is today the country’s largest container terminal and one of the top 20 busiest ports in the world. In 2007, PTP handled 5.5m teu, representing a growth in volumes of 14.5 per cent over 2006. Read More »

Ports America restructures management

AIG Highstar Capital, the owner of and investor in Ports America, Inc., MTC Holdings and Amports, Inc. has formed a single management structure to operate the total enterprise. Read More »