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Monthly Archives: February 2013

Next generation electric shunting vehicle released

Two years after Linde Material Handling announced that the full development and manufac-turing skills of its electronic systems and drives department in the field of electric drives were available to other manufacturers of mobile units, road/rail technology specialists G Zwiehoff of Rosenheim, Germany, has released a second electric shunting vehicle, the Rotrac E4. Read More »

Gledhill leaves Hutchison Ports UK

David Gledhill has resigned from his position as chief executive of Hutchison Ports UK with immediate effect. Based at the Port of Felixstowe, the UK’s largest container port that handles over 40% of the country’s containers, he was also responsible for Hutchison’s other UK facilities at Thamesport and Harwich. Read More »

Bigger and better, greener and leaner

Peel Ports has invested in a substantially larger vessel for its Manchester Ship Canal container service after another marked increase in demand from customers, with the introduction of the ‘Deniz’, a 260 teu capacity vessel that equates to more than a 60% increase in capacity compared to the previous vessel used. Read More »

Maersk sees slightly higher profits

The A.P Moller-Maersk Group delivered a profit of US$4bn, slightly higher than the outlook of around US$3.7bn announced in November last year, with a return on invested capital (ROIC) at 8.8%. The profit was positively affected by the settlement of an Algerian tax dispute in Q1 of US$899m, combined with improved volumes, rates and unit costs for Maersk Line. Read More »

Volatile prices key risk for 2013

Sixty-five per cent of senior finance leaders consider volatile prices the main risk for 2013,with supply and reputational risk selected by 19% and 16% respectively, according to a survey carried out by UK-based 4c Associates. Read More »

APMT to operate major Turkish port

APM Terminals (APMT) and Turkey-based Petkim have entered into a final agreement to create and operate Aegean Gateway Terminal (AGT), which is expected to become one of Turkey’s largest container and general cargo terminals. All operations will operated by APMT under a 28-year concession with operations expected to start in the summer of 2015. Read More »

Matson expands Savannah operation

Matson Logistics, a provider of multimodal transportation, warehousing and distribution services throughout North America, has established new 65,000 sq. ft. (20,000 sq. m) distribution centre, with the ability to increase to 125,000 sq. ft. (38,000 sq. m), in the Port of Savannah. Read More »

Charleston starts 2013 on a rise

The Port of Charleston started 2013 with a rise of 7.7% in the number of containers it handled in January compared to the same month last year, reaching 121,286 teu. Cumulatively, the port’s box volume for the first seven months of its fiscal year rose more than 11% to 892,487 teu from July to January, up from 801,495 teu last year. Read More »