Friday , 17 January 2020
Latest News

Monthly Archives: April 2016

Dockers protest as COSCO buys stake in Piraeus

COSCO already operates six deepwater berths at Piers 2 and 3 of the port

Dockworkers at Piraeus Port have walked out and container terminals were shut on April 8 as Greece’s privatisation agency signed an agreement to sell a 67% stake in the port to China COSCO. Dockworkers went on strike and marched in central Athens to protest against the EUR 368.5m (US$401m) deal sealed by the Hellenic Republic Asset Development Fund (HRADF) which ... Read More »

US ports accuse government of planning under-investment

US ports and their private-sector partners will invest over six times more than the federal government on port-infrastructure over the next five years, the American Association of Port Authorities (AAPA) has claimed. The association claimed that the “best-case” scenario for investments by the federal government into national ports through 2020, including land- and water-side connections, amounted to US$25bn. According to ... Read More »

Terex introduces new variant of Model 8 mobile harbour crane

Terex Port Solutions (TPS) has introduced a new variant of its diesel-electric Model 8 mobile harbour crane (MHC) to meet increasing demand from terminal operators. The new G HMK 8412, which is able to handle 20 container rows across and up to nine containers stacked on the vessel’s deck, is designed for cost-effective handling of vessels with a capacity of over ... Read More »

Six platoons of self-driving trucks arrive at Maasvlakte II

The truck platoons have arrived from Sweden, Germany and Belgium

Six convoys of self-driving semi-automated trucks have arrived at APM Terminals (APMT)’s Maasvlakte II terminal in Rotterdam from Sweden, Germany and Belgium in the first-ever cross-border experiment of this kind. More of a dozen ‘smart trucks’ arrived at the port in so-called ‘truck platoons’, convoys of two or three trucks autonomously driving in a column connected via wifi, with the ... Read More »

Eurogate records 13% rise in net operating profit

Eurogate Container Terminal Wilhelmshaven opened in September 2012

German terminal operator Eurogate has announced that it recorded a 13% rise in its 2015 net operating profit despite a drop in its total container handling volumes. The company’s net profit went up from €64.9m in 2014 to €73m last year, with its revenue increasing by 4% to €591m in 2015 from €566m in 2014 and its investments going down ... Read More »

Ex Nigerian Ports Authority director named in ‘Panama Papers’ scandal

 The former director of the Nigerian Ports Authority Mallam Bello Gwandu is among the top politicians and business leaders who invested in London properties via offshore companies, the ‘Panama Papers’ leak has revealed. The Panama Papers, a leak of about 11.5m files from the database of Panamanian law firm Mossack Fonseca, revealed that a British Virgin Islands (BVI) company owned ... Read More »

South American East Coast exports to Europe surge while imports fall

The depreciation of the Brazilian Real has helped the East Coast of South America’s (ECSA) containerised exports to Europe surge, while imports fall. According to data compiled by Datamar, container traffic from ECSA to Europe increased by nearly 15% in November and December 2015 and nearly 20% in January 2016, after stagnant growth in the rest of 2015. The value ... Read More »

KPMG predicts Asian M&A will continue in transport sector

Singapore's NOL is just one Asian company to be subject to M&A

Auditor KPMG has predicted that the Asia-Pacific region will continue to attract the majority of mergers and acquisitions (M&A) in the transport industry. In a statement, the company said that the region contributed to 55% of announced transaction values in 2015. “We expect this trend to continue, reflecting underlying demographics, and the search for new markets,” the statement said. Australia’s ... Read More »

Most new deliveries in 2015 were sent to East-West trades

Containership deliveries of >4,000 teu in 2015 by trade deployment* (‘000 teu) Credit: Drewry

The majority of the new vessels over 4,000 teu built in 2015 were sent to operate in the East-West trades, according to Drewry. The average size of ship at work in Asia-North Europe increased by 16%  to 14,100 teu since the start of 2015, However, 18,000 teu vessels have been introduced recently to the Asia-West Coast North America (WCNA) route ... Read More »