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Monthly Archives: August 2009

Maersk continues to suffer

The A. P Moller-Maersk Group was badly hit by the global economic crisis during the first half of 2009. Freight rates and volumes for the group's container business, which includes Maersk Line, Safmarine and APM Terminals, plunged 30% and 7%, respectively, compared to the same period in 2008. Read More »

UK unity for Bolzoni Auramo and Meyer

Fork truck attachment manufacturers Bolzoni Auramo and Hans H Meyer have joined forces in the UK and formed a new company called Bolzoni Ltd. Based at the existing Warrington site, the new company will market Bolzoni-Auramo and Meyer products. Read More »

Prince Rupert rebounds

Cargo volumes through the Port of Prince Rupert rebounded in the second quarter of 2009, bringing tonnage for the first half to roughly last year's level. Second quarter tonnage jumped 31.3% to around 3m tonnes that contrasts with a 23.7% drop reported for the first quarter. As a result, the first half total was just 0.3% below last year's 5.42m tonnes. Read More »

A rare record for Rio Grande

In these troubled economic times with ports struggling to cope with declining traffic volumes, it is pleasing to report not only a rare instance of increasing volumes but also the almost miraculous achievement of a throughput record at the Port of Rio Grande in south-eastern Brazil. Read More »

OOIL incurs first half operating loss of US$196.6m

Orient Overseas (International) Ltd. (OOIL) Group, corporate parent of Orient Overseas Container Line (OOCL), reports its container transportation and logistics business incurred an operating loss of US$196.6m for the first half of 2009 compared to a profit of US$215.7m for the equivalent 2008 period. Liner and logistics revenue of US$2.05 billion (or 99% of the group's turnover) for the first six months of 2009 amounted to a year- on-year decrease of US$1.12 billion. Read More »

South Carolina Ports Top 1.37m teu and adds new business

Despite a widespread decline in global shipping, in the fiscal year that ended June 30, the US South Carolina State Ports Authority (SCSPA) handled 1.37m teu at its Port of Charleston, down 19% from 1.69m teu in FY 2008. In addition SCSPA secured several new major business accounts and is primed to take advantage of the deepest harbour in the US. Read More »