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Monthly Archives: July 2014

Rail upgrade to boost Marseilles Fos transit times

Rail operator Naviland Cargo is increasing the frequency of its Marseille Fos-Strasbourg service from three to five round trips per week by the end of the year. Naviland announced the increase when more than 90 Alsace-based shippers and transport professionals attended a presentation in Strasbourg by promotional body Via Marseille Fos (VMF) – formed by the port authority, port users ... Read More »

Djibouti launches legal action against DP World

Doraleh Container Terminal, Djibouti

The government of Djibouti has initiated legal action against DP World as it seeks to rescind the terminal operator’s concession in Doraleh, alleging that bribery was used to secure the contract in 2000. The government said in a statement that “the resulting agreement unfairly favoured DP World”, and that it rescinded the 20-year concession and would launch a case before ... Read More »

ICTSI cancels Indian terminal contract

International Container Terminal Service Inc (ICTSI) has pulled out of a deal to operate a container terminal in India, declaring it not to be in the interests of the company. In a disclosure to the Philippine Stock Exchange earlier this week, the company announced that subsidiaries ICTSI Ltd. and ICTS (India) Pte Ltd had signed a termination agreement with L&T ... Read More »

Nicaragua confirms canal route

The canal route will bisect Lake Nicaragua

After months of back and forth, and much scepticism from both inside and outside the country, Nicaragua appears to have finally confirmed the route of its US$40bn inter-oceanic canal. A committee comprising government officials, academics and business leaders approved a 172-mile route proposed by executives of the HK Nicaragua Canal Development Investment Co. Ltd (HKND) leading from the mouth of ... Read More »

New strads for MCT

Medcenter Container Terminal (MCT), part of the Contship Italia Group, in Gioia Tauro, Italy, has ordered ten electric straddle carriers from Kalmar. The order was booked into the manufacturer’s second quarter order intake with deliveries scheduled for November 2014. The machines to be delivered comply with the latest exhaust emission regulations whilst also improving fuel efficiency by up to 20% over ... Read More »

A change at the top for BTP

Henry Robinson

Brasil Terminal Portuário (BTP) has announced a management change, with current CEO, Henry Robinson, set to join the executive group of Terminal Investment Limited (TIL) – which owns 50% of BTP shares – and will also remain as a member of  the terminal’s board of directors. Executive Antonio Passaro will become the terminal’s new CEO. Holding Uruguayan and Dutch citizenship, he ... Read More »

Marseilles Fos looks to extend Morocco links

Cooperation between Marseilles Fos and Moroccan ports could be boosted by three potential new ventures, covering ferry services and agricultural trades, after the leading French port’s CEO Christine Cabau Woehrel requested and hosted a meeting with Morocco’s transport and logistics minister Aziz Rabbah. Their talks opened by exploring the launch of a Tangiers-Marseilles ro-ro service aimed at enhancing Morocco’s trailer ... Read More »

CMA CGM and Adani sign for 4th terminal in Mundra

Construction will be initiated immediately

CMA CGM through its subsidiary CMA terminals, has signed a joint-venture agreement with Adani Ports and Special Economic Zone (APSEZ), India’s largest port developer to develop a new common-user container terminal at Mundra Port that will become the fourth in Mundra with a handling capacity of 1.3m teu. The transaction is subject to approvals from the regulators. Construction will be initiated ... Read More »

Cost reductions top priority for box carriers

Drewry’s second quarter Container Forecaster highlights that there is a widening gap between the positive financials of the few carriers really focused on cutting costs and the rest of the top 20 lines, as they battle with the pressure of falling freight rates. It forecasts that once again, average freight rates will be lower than in the previous year and estimates ... Read More »