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Monthly Archives: May 2015

Corozal still causing controversy

Panama Port Company's Balboa terminal

The Infrastructure Committee of the Assembly of Deputies (CADE) – (Panamanian Senate) has rejected the draft law ensuring that the concessionaire of the future port of Corozal would enjoy the same conditions and benefits such as tax exemptions, enjoyed by the other port operators established in Panama. Accordingly the Minister of the Presidency, Alvaro Alemán, said the port of Corozal ... Read More »

Maersk Line and APMT volumes down, despite profit increase

Container handling at the Maersk owned APM Terminals in Algeciras, Spain.

Maersk Line and APM Terminals reported a loss in market share in the first quarter of 2015 despite net profit rising by 18%. The Danish shipping line, which is the largest shipping company in the world, suffered a decline in freight rates and volumes. Average freight rates declined 5.1% in the first quarter and Maersk Line’s volumes decreased by 1.6%. As a whole, the market ... Read More »

US cargo volumes back to normal levels

US container ports have reported that cargo volumes have returned to normal levels ahead of the International Longshore and Warehouse Union’s (ILWU) vote on a new West Coast labour agreement. Jonathan Gold, NRF vice president for supply chain and customs policy, said: “Dockworkers and management made a massive push to clear the backlog of cargo over the past several weeks ... Read More »

CMA CGM announce unprecedented operation agreement in Cuba

The Cuban port of Mariel

The CMA CGM Group have revealed an unprecedented agreement to operate a logistics platform at the Port of Mariel, in cooperation with Cuban logistics company AUSA. The agreement means CMA CGM has become the first international company to sign a logistics agreement with the Caribbean island nation. The deal was signed by the company’s vice-chairman, Rodolphe Saadé in the presence ... Read More »

Maersk expected to order up to eleven new 20,000 vessels

There is speculation that Maersk Line have ordered eleven new vessels

Maersk Line is expected to order up to eleven new 20,000 teu vessels, marking an investment worth more than US$1bn. The fleet of ships are expected to be built in Korea and under a Daewoo Shipbuilding & Marine Engineering (DSME) contract. It is speculated that the order is for seven 20,000 teu ships with the option for a further four. Sources ... Read More »

ICTSI announces 3% first quarter growth

International Container Terminal Services, Inc (ICTSI) has announced growth in net income of US$54m for the first three-months of the year, up 3% on the same time last year. The Philippines based port management company handled 1.98m teu during the first quarter, while revenue reached US$296.1m, up 19% on the same period last year. ICTSI said: “The increase in volume ... Read More »

Chittagong opens tender process for New Mooring Terminal

The Chittagong Port Authority (CPA) opened a tender process on 5 May to identify two separate private operators for four berths of the New Mooring Container Terminal. The World Bank and local traders have been calling for the tender to be held for over a year, as the terminal has remained largely non-operational. Containers at the terminal would be handled ... Read More »

WISTA-UK discusses maritime corruption

Howard Shaw, head of the Mazars Anti-Bribery and Corruption Services, (left) and Jake Storey, vice chairman of the Maritime Anti-Corruption Network (MACN) attended the WISTA-UK meeting

Corruption and bribery in the maritime industry was the key topic of conversation at the Womens’ International Shipping and Trade Association UK (WISTA-UK) Annual General Meeting (AGM) in London where the association discussed ways that stakeholders could take collective action to stop corruption while achieving compliance and mitigate commercial risks. Jake Storey, vice chairman of the Maritime Anti-Corruption Network (MACN) ... Read More »

The Port of Felixstowe buys two new Liebherr RMGs

The rail cranes were co-financed by the European Union

The Port of Felixstowe has announced the acquisition of two new Liebherr rail mounted gantry cranes (RMG) at the port’s North Rail Terminal. The cranes were manufactured by Liebherr and co-financed by the European Union Trans-European Transport Network (TEN-T) programme. In 2014, the port handled 890,000 teu at its three rail terminals with nine rail cranes, 16 tracks and 60 ... Read More »