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Monthly Archives: February 2012

Restructuring costs hit Konecranes profits

Konecranes president and CEO Pekka Lundmark said that “after the first three quarters of 2011 with only mediocre results, we were able to significantly improve our result during the fourth quarter.” Strong delivery volumes generated an operating profit of Euro 47.5m before restructuring costs. Read More »

Star Cool CA is ready for new markets

Maersk Container Industry (MCI) has taken the concept of controlled atmosphere (CA) a step further by integrating a membrane system into the Star Cool Integrated Reefer. Now, with additional production capacity, CA is affordable and available for more MCI customers who will be able to ship fresh produce to even more distant markets. Read More »

Baltimore welcomes Hapag-Lloyd

Germany-based Hapag-Lloyd, the world’s fifth-largest container shipping company, is to start a direct, weekly service from North Europe to the Port of Baltimore that could bring up to 30,000 teu annually to the Port. Read More »

Uncertain future for Venezuela

With news that the Venezuelan President Hugo Chávez has undergone more surgery for a recurring pelvic cancer, questions are being asked as to whether he will be well enough to stand in the country’s forthcoming elections to be held in October and what this could mean for Venezuela. Read More »

House sets aside US$180m for harbour deepening

The South Carolina House of Representatives' Ways and Means Committee has set aside US$180m for harbour deepening in a key move to modernise the State’s harbour including the Charleston Post 45 harbour deepening project. Read More »

Port Tracker predicts retail container traffic

Import cargo volumes at America’s major retail cargo handling container ports were expected to drop 6.8% this month (February) but should show year-over-year increases through most of the remaining first half of 2012. This is according to the monthly Global Port Tracker report, released by the National Retail Federation (NRF) and Hackett Associates. Read More »

BREAKING NEWS – Auckland strikes to hit supply chain

As New Zealand enters its peak export season, Ports of Auckland (POAL), already suffering from successive strike action since last autumn, is working to try to ease pressure on the country’s supply chain as a result of three, week long strikes called for by the Maritime Union of New Zealand (MUNZ- Local 13). Read More »

Zim receives US$100m safety net

Zim has received the first part of a US$100m safety-net injection from its parent company, as it continues the negotiations with its creditors to waive the financial covenants on its debt. Read More »