Sunday , 26 January 2020
Latest News

Monthly Archives: May 2015

PortMiami posts improved volume growth

Miami is dredging its main harbour channel to allow bigger ships to call

PortMiami has recorded a 21% year-on-year increase in April 2015, its busiest month since 2004. This continues an improved fiscal year, which started in October 2014 and in which throughput has been up by 12% from 426,000 teu to 477,400 teu. The port is currently working on a dredging project, deepening the main harbour channel from 42 ft (13 m) ... Read More »

Is the privatisation of the Port of Melbourne really a done deal?

The Port of Melbourne is being fought over in the State parliament
Credit: David Wallace

In the container industry and in Australian politics, it seems to be accepted that the Port of Melbourne will be privatised by the State of Victoria. This view has been reinforced by comments such as those by Australia’s deputy Prime Minister Warren Truss, who told the International Transport Forum yesterday that “the Port of Melbourne is about to be sold ... Read More »

China seeks to strengthen ports and shipping influence in Colombo

China Merchants Holding (CHM), a subsidiary of China Merchants Group, is looking to invest in a new container terminal in Sri Lanka’s Port of Colombo. CHM is expected to be limited to a 49% stake in East Container Terminal, owing to Sri Lanka’s new joint venture regulations while the Sri Lankan Ports Authority (SLPA) will own the remaining 51%. Ports minister, ... Read More »

Details of Port of Melbourne privatisation plan announced

The Port of Melbourne is being fought over in the State parliament
Credit: David Wallace

The Government of the State of Victoria in Australia has released details of the plan to privatise the Port of Melbourne, which will be voted on by the state parliament. The bill specifies that the port will be leased to private interests for 50 years and that the government expects to raise AU$5bn (US$3.85bn) to AU$6bn (US$4.63bn). Under the proposals, ... Read More »

West Coast longshore workers vote for new 5-year contract

A union dispute was one of the key factors behind the West Coast ports' gridlock earlier this year

Workers from the International Longshore and Warehouse Union (ILWU) have voted to ratify a tentative agreement with the Pacific Maritime Association (PMA) over a five-year-long labour contract. ILWU members from 29 West Coast ports voted 82% in favour of approving the five-year deal, compared to the 75% that voted in the previous contract. The new agreement will expire on 1 July ... Read More »

Panama canal CEO says that canal volumes will not return to pre-crisis peak

The Panama Canal’s container traffic is unlikely to return to 2007’s pre-crisis levels according to Jorge Quijano, CEO of the Panama Canal Authority. In an interview with the Financial Times, the canal’s top executive cited changing patterns in global trade and manufacturing plus the increasingly austere behaviour of US consumers. The trend of booming container trade has “peaked”, he said, ... Read More »

Konecranes supplies automated equipment to new Indonesian terminal

The Lamong Bay Terminal in Surabaya, Indonesia, which was opened on Friday by the President of Indonesia, will feature a high level of automation. The state-operated terminal will use equipment from Finnish manufacturer Konecranes, including 20 automated stacking cranes (ASCs), remote operating stations (ROSs) and associated container yard infrastructure, as well as ten ship-to-shore cranes and five straddle carriers. The ... Read More »

Terex marks Montceau-Les-Mines 20th anniversary with 3,000th reachstacker

Terex Corporation celebrates the 20th anniversary of the Montceau-les-Mines site

The Terex Corporation has celebrated the 20th anniversary of the acquisition of its French Montceau-les-Mines site and Terex Port Solutions (TPS) marked the occasion with the its 3,000th reachstacker, a Liftace 5-31, leaving the assembly line. Steve Filipov, Terex Material Handling and Port Solutions president, said: “It was with the acquisition of the site 20 years ago that we first ... Read More »

Vinalines issues proposal on Vietnam’s port sell-off

Vietnam’s state-owned shipping line Vinalines has made a proposal to the government on what percentage of the nation’s ports should be sold off. Vinalines has asked the government to sell off all or part of ports which are not operating effectively or are not of vital importance to the sector. However, the corporation wants to retain a 65% stake in ... Read More »