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Monthly Archives: March 2013

China Shipping Terminal takes a stake in APM Terminals Zeebrugge

China Shipping Terminal, a subsidiary of China Shipping Container Lines (CSCL) has signed an MoU (Memorandum of Understanding) with APM Terminals confirming its intention of purchasing a 24% share of APM Terminals Zeebrugge. The transaction is scheduled to be finalised by the end of June 2013. APM Terminals which currently holds a 75% majority share in APM Terminals Zeebrugge will ... Read More »

Aqaba Container Terminal commemorates berth expansion

Jordan’s Red Sea gateway Aqaba Container Terminal

Jordan’s Red Sea gateway Aqaba Container Terminal (ACT), a joint venture between APM Terminals and Aqaba Development Corporation (ADC), has commemorated the completion of phase one of its berth expansion, adding 200 m of new quay, two new STS cranes and four RTGs. Read More »

Montreal signs a six year labour agreement

The Port of Montreal’s Maritime Employers Association (MEA) and the Local CUPE dockworkers union have signed a new collective agreement that which will allow the Port of Montreal to continue its operations “while remaining competitive and ensuring its growth”. Read More »

CSAV pays heavy price for recovery

CSAV has reported a full year net loss of US$314m, its fourth year of negative earnings since 2008. Cumulative net losses for the Chilean carrier since 2008 have reached US$2.088bn, brought about largely by an abandoned attempt to raise CSAV’s market share in 2009. Read More »

Genk is another Belgian terminal to join InlandLinks

The Belgian Port of Genk

The container terminal at the Port of Genk (Belgium) has joined InlandLinks bringing the total number of terminals to 32: 26 in the Netherlands, three in Germany and two in Belgium. The 2,000 m length tri-modal terminal in Genk has a water side capacity 80,000 teu a year and a twice-weekly inland shipping connection with Rotterdam. Read More »