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Archives for May 2016
  • Reports of 300m teu mega-terminal disproved

    Marketing material seen by CM shows that reports that a Chinese company is planning to build a 300m teu c ...

    Marketing material seen by CM shows that reports that a Chinese company is planning to build a 300m teu capacity terminal in Panama are untrue. Rumours of a 300m teu capacity terminal stem from the Ch ...

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  • India aims to automate its gates

    The Indian government is looking to automate its container terminal’s gates using radio-frequency identif ...

    The Indian government is looking to automate its container terminal’s gates using radio-frequency identification (RFID). After this technology yielded positive results at India’s biggest state-owned p ...

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  • Zoomlion abandons Terex bid

    Chinese crane manufacturer Zoomlion has called off negotiations over its bid for Terex. "No agreement can ...

    Chinese crane manufacturer Zoomlion has called off negotiations over its bid for Terex. "No agreement can be reached on the crucial terms," said Zoomlion, in a filing on the Hong Kong Stock exchange. ...

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  • Kandla to develop container terminal

    Kandla Port Trust (KPT) in north western India plans to create a container terminal and a multipurpose ca ...

    Kandla Port Trust (KPT) in north western India plans to create a container terminal and a multipurpose cargo terminal at Tuna Tekra, where Adani Ports and Special Economic Zone Ltd (APSEZ) already ope ...

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  • CMA CGM downgrade causes jitters in Jamaica

    Jamaican media and politicians have questioned CMA CGM’s takeover of Kingston Container Terminal after cr ...

    Jamaican media and politicians have questioned CMA CGM’s takeover of Kingston Container Terminal after credit rating agencies downgraded the carrier’s debt. In April 2016, Standard & Poor’s and Mo ...

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  • Tuxpan gains first service

    The newly built Mexican terminal of Tuxpan will welcome its first ship on July 4 as CMA CGM’s Victory Bri ...

    The newly built Mexican terminal of Tuxpan will welcome its first ship on July 4 as CMA CGM’s Victory Bridge service calls. The service will leave Le Havre on June 12 before calling at Antwerp, Rotter ...

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  • Chinese regulator approves CMA CGM’s NOL acquisition

    The Anti-monopoly Bureau of the Chinese Ministry of Commerce (MOFCOM) has approved CMA CGM’s acquisition ...

    The Anti-monopoly Bureau of the Chinese Ministry of Commerce (MOFCOM) has approved CMA CGM’s acquisition of Neptune Orient Lines (NOL). The French giant said it expects to announce its proposed volunt ...

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  • India commits to Chabahar development

    Indian prime minister Narendra Modi has met his Iranian counterpart Hassan Rouhani and signed an agreemen ...

    Indian prime minister Narendra Modi has met his Iranian counterpart Hassan Rouhani and signed an agreement to develop the Iranian port of Chabahar. India will commit US$500m to developing the port, wh ...

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  • HMM's creditors agree debt-for-equity swap

    Hyundai Merchant Marine’s creditors have agreed to swap 680bn (US$573m) won of debt for equity, according ...

    Hyundai Merchant Marine’s creditors have agreed to swap 680bn (US$573m) won of debt for equity, according to lead creditor Korea Development Bank. At the end of the first quarter of 2016, the company ...

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  • Navis Sparcs N4 goes live at ICTSI Iraq

    The Navis Sparcs N4 terminal operating system (TOS) has successfully gone live at Basra Gateway Terminal ...

    The Navis Sparcs N4 terminal operating system (TOS) has successfully gone live at Basra Gateway Terminal (BGT), a container terminal in Umm Qasr, Iraq. BGT, a subsidiary of International Container Ter ...

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