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Yearly Archives: 2014

SCPA revenues rise in line with volumes

The South Carolina Ports Authority reported 2014 fiscal year-end operating earnings of US$14.3m, 20.7% over the organisation’s financial plan. From July through June, the SCPA posted operating revenues of US$164.1m, an increase of nearly 17% over the previous fiscal year. FY2014 expenses totaled $149.9 million. “With the Port’s aggressive capital plan for the next several years, a solid financial performance ... Read More »

Shanghai looks for bidders for terminal stake

The Port of Shanghai

Shanghai International Port Group (SIPG) is planning to dispose of a 20% in Shanghai Mingdong Container Terminal via public tenders on the Shanghai United Assets and Equity Exchange. SIPG currently holds a 50% equity interest in Shanghai Mingdong with Hutchison Port Holdings owning the other half. Shanghai Mingdong’s profits hit US$101m on revenue of US$276m last year. It also owns ... Read More »

APMT releases interim report

APM Terminals was released its interim results, announcing an increased profit of US$223m (US$179m) and a return on invested capital of 14.2% (12.8%). The operator said that new terminals added to the portfolio and terminals becoming fully operational supported the 8% growth in volume. More than 80% of EBITDA was generated in growth markets, with 41 out of 66 container ... Read More »

Hamburg container traffic up almost 7%

The Port of Hamburg handled 72.6m tonnes of cargo over the first six months of 2014 (6.6% growth), including 4.8m teu (6.8% growth). The port said that with average growth in total handling and container handling among north Europe ports at 1.8% and 2.6% respectively, its figures represent above average growth and also that its market share had risen by 1% ... Read More »

Maersk Triple-E sets world record

The Mary Maersk

Maersk Line set a world record recently when one of its Triple-E class vessels set sail from Algeciras, Spain laden with 17,603 teu, the most ever carried on a single vessel. The Mary Maersk, the third vessel of its kind, was bound for Tanjung Pelepas in Malaysia, and has a nominal capacity of 18,270 teu, though so far that yet ... Read More »

Growth evident in Southern California

Los Angeles and Long Beach (pictured) are the busiest ports in the United States

Total cargo container numbers rose 3.7% in July at the Port of Long Beach compared to the same month last year, making for the Southern California seaport’s busiest July since 2010. A total of 583,060 teu were moved through Long Beach in July. Of these, 297,615 teu were imports, which rose slightly by 0.9%. Exports declined 6.2% to 124,126 teu. ... Read More »

Khorfakkan receives maiden call from CSCL Mercury

Gulftainer, the largest privately owned terminal operator in the Middle East, welcomed CSCL Mercury, the first vessel on China Shipping’s enhanced AEX7 joint service with United Arab Shipping Line, to its Khorfakkan Container Terminal (KCT) The service between CSCL and UASC, links leading ports across Asia and Northern Europe. Cargo operations on the 10,500 teu vessel were completed ahead of ... Read More »

Immingham has most successful month in its history

The Port of Immingham

Associated British Ports’ (ABP) Immingham Container Terminal (ICT) has enjoyed its most successful month ever. More than 10,000 teu were handled at the facility in July, with numbers increasing steadily since the beginning of the year. July saw more than 27,000 terminal movements, which is also a record for ICT. Steve Horton, planning manager, said: “We had a really good start ... Read More »

Good half-year for HHLA

In the first half of 2014, Hamburger Hafen und Logistik AG (HHLA) increased its revenue by 5.2% to €595m (US$796m) and improved its operating result (EBIT) by 3.4% to €81m (US$108m). With throughput growth of 2.1% at its Hamburg container terminals, the company said it has consolidated its market position among the north of Europe’s major ports. However the drop ... Read More »