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Monthly Archives: February 2016

Conakry inaugurates two ZPMC STS cranes

Conakry is Guinea's capital and largest city

Bolloré Africa Logistics has inaugurated two ZPMC gantry cranes at its terminal in Conakry, Guinea. According to a Bolloré statement, the cranes cost US$17,229,620 and have a lifting capacity of 62 tonnes. They will add to the two Terex-Gottwald cranes already in service on the container terminal. The company claims that they will double the handling rates to 25 movements ... Read More »

Rivals Qube and Brookfield discuss joint Asciano bid

Rival companies Qube and Brookfield Infrastructure have begun talks over a joint AU$9bn (US$6.5bn) takeover of Asciano following a bidding war over the last few months. Under the new plan, Australian company Qube would acquire the Patrick Container Terminals Business in 50/50 joint venture with Brookfield and other members of the Brookfield consortium for AU$2.9bn (US$2.1bn). A Qube consortium including ... Read More »

Cavotec’s ports and maritime revenue falls

Ottonel Popesco said the sector's revenues were "broadly flat"

Cavotec’s revenue from its ports and maritime segment has fallen by 9.2% in 2015. The segment made €115m (US$127m) of revenue in 2014 and €104m (US$115m) in 2015. This reverses a steady rise in the segment’s revenue between 2011 and 2014. The segment’s revenue from Europe, the Middle East and Africa, its most important region, decreased by 23%. On the ... Read More »

Adani looks to expand abroad

India’s biggest private port operator is reportedly looking for opportunities to invest in several countries abroad. Adani Ports and Special Economic Zone (APSEZ) is scouting for opportunities in Sri Lanka, Bangladesh, the US and Europe, according to Indian business newspaper Mint. The research is reportedly being led by Karan Adani, the company’s CEO and the son of its founder, Gautam ... Read More »

DP World signs construction contracts for Jebel Ali expansion

Work on Jebel Ali Container Terminal 4 has begun

DP World has signed two contracts for the construction of its new container terminal on a reclaimed island in Jebel Ali port. In phase one of the construction, Dutco Balfour Beatty, a long-standing joint venture between the Dubai Transport Company and UK-based Balfour Beatty,  will develop a yard area with a quay length of 1,200 m. BAM International Abu Dhabi, ... Read More »

CSAV merger boosts Hapag-Lloyd profits

Hapag-Lloyd’s 2015 results have revealed the benefit of its merger with Chilean line CSAV, with its profits rebounding in stark contrast to the doom and gloom in the container shipping industry. Following a loss in 2014 of €383m (US$509m), the carrier made an operating profit (EBIT) of €366m (US$407) last year. A revenue increase from €6,808m (US$9,046m) to €8,842 (US$9,814m), ... Read More »

NOL reduces losses by cutting costs

NOL's CEO said the fourth quarter was particularly difficult

Neptune Orient Lines (NOL) has continued to make a loss in 2015, although losses were reduced due to cost cuts. NOL is the parent company of American President Lines (APL) and is currently in the process of being acquired by CMA CGM. Excluding gains from the US$888m sales of its logistics unit, NOL made a full-year net loss of US$181m. ... Read More »

Terex-Konecranes merger integration suspended “temporarily”

Konecranes has confirmed that post-merger business integration planning discussions with Terex are suspended although it still expects the deal to be completed. In a statement, the Finnish company said that the halt had come due to the “challenging business environment” coupled with the amount of progress has already been made over the past seven months. On February 22, Konecranes chairman ... Read More »

Auckland’s throughput down 3.3% as carriers leave New Zealand

Ports of Auckland's freight hub network

Ports of Auckland has increased its profits despite its half-yearly throughput and revenue falling. The company’s profit was up 9.5% in the financial half-year despite a 2.2% fall in revenue and a 3.3% fall in throughput. Chief Executive Tony Gibson said: “The first half of the year has been anything but plain sailing. Global trade trends and shipping changes have ... Read More »