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Monthly Archives: May 2016

Konecranes acquires Terex Port Solutions but cancels merger

Konecranes has acquired Terex’s material handling and port solutions (MHPS) business segment for €1.1bn (US$1.3bn) and also agreed to terminate the previously announced merger with the Terex group. Based on 2015 financials, Konecranes and Terex’s MHPS segment had aggregated sales of €3.5bn (US$4.0bn), adjusted EBITDA of €267m (US$302m), excluding synergies, and a total workforce of approximately 19,000. Terex will receive ... Read More »

COSCO Pacific acquires stake in Rotterdam terminal

The signing ceremony was witnessed by Zhang Wei, managing director of COSCO Pacific and Eric Ip, group managing director of HPH.

COSCO Pacific has agreed to purchase a 35% equity interest in the Hutchison-owned Euromax Terminal Rotterdam for €41.4m (US$46.8m). Euromax, which is located at the area of Maasvlakte I of Port of Rotterdam in the Netherlands, is an automatic container terminal which commenced operations in mid-2010. The total area including Phase 1 and Phase 2 is 1.21 m sq metres ... Read More »

APMT LA to upgrade cranes despite lack of big ships

APM Terminals has signed a contract to enlarge ten ship-to-shore (STS) cranes in order to accommodate ultra-large container ships of up to 20,000 teu capacity at its Pier 400 facility in Los Angeles. The announcement of this contract comes just a few days after CMA CGM went back on its plan to send six 18,000 teu ships regularly to the ... Read More »

New alliance formed but Hyundai excluded

As expected, a new shipping alliance has been formed today featuring most of the carriers not involved in either 2M and the Ocean Alliance but surprisingly, Hyundai Merchant Marine (HMM) is not a member. Named “THE Alliance”, it features Hanjin, Hapag-Lloyd, ‘K’ Line, Mitsui O.S.K. Lines (MOL), Nippon Yusen Kaisha (NYK) Line and Yang Ming. The grouping will cover all ... Read More »

Another new shipping alliance set to be formed

After the formation of the Ocean Alliance in April, most of the major global shipping lines left out of that group and 2M, which features Maersk and MSC, are set to form an alliance of their own. Japanese carriers, NYK Line, ‘K’ Line and MOL, along with South Korean lines Hanjin Shipping and Hyundai Merchant Marine (HMM), Taiwan’s Yang Ming ... Read More »

ICTSI increases its throughput by 4%

Enrique Razon is at the helm of ICTSI

International Container Terminal Services Inc (ICTSI) has announced that its throughput was 4% higher in the first quarter of 2016 than the first quarter of 2015. According to a statement: “The increase in volume was mainly due to the acquisition of new shipping line customers and services at the company’s terminals in Guayaquil, Ecuador, Manzanillo, Mexico, and Karachi, Pakistan; continuing ... Read More »

Eight new straddles for Tilbury

The new machines arriving in Tilbury

London Container Terminal (LCT) in Tilbury has received eight new Kalmar straddle carriers, bringing the total number of straddles at the facility to 40. The eight Kalmar ESC450W carriers have been made with specifications to match the 14 straddles acquired in 2013 to ensure consistency in the terminal’s fleet. The new carriers have a 50 tonne load carrying capacity with ... Read More »

APM Terminals to offer container weighing at 29 locations

With 50 days remaining until SOLAS verified gross mass (VGM) rules come into force, APM Terminals (APMT) has confirmed it will provide container weighing services at 29 facilities around the world. Under international law from July 1, 2016 shippers are required to provide a VGM for every container before it can be loaded with the shipping line. APM Terminals head ... Read More »

US West Coast loses its megaship calls

CMA CGM has pulled its 18,000 teu vessel calls at US West Coast ports from its schedules and sent them back to the Asia-Europe trade lane. The Benjamin Franklin megaship has been replaced by a smaller vessel, the Leo, less than five months into its service on the trans-Pacific route, according to BlueWater Reporting. The vessel berthed at the Port ... Read More »