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Monthly Archives: June 2016

Konecranes receives US$11m insurance indemnity for fraud

 Finnish manufacturer Konecranes has announced that it received an insurance indemnity of €10m (US$11.3m) following a fraud which cost the company €17m (US$19.3m) in 2015. The insurance indemnity received by the company for the fraud, of which one of Konecranes’ foreign subsidiaries had been a victim, is equal to the maximum sum insured, leading to an effective loss of about ... Read More »

Liebherr launches new IT system for cranes

Liebherr has announced that it is launching a new IT system aimed at optimising cranes’ cargo handling performance and monitoring working progress. The company’s new telematics system LiDAT smartAPP, which uses big data analytics, is able to analyse cranes’ performances to reveal trends, anomalies and bottlenecks. The new system, which uses an online work cycle detection process to record the ... Read More »

Suez Canal cuts tolls between US East Coast and Asia

The expanded Suez Canal was inaugurated in August last year

In an attempt to increase traffic, the Suez Canal Authority (SCA) is offering price reductions of up to 65% for ships coming from the US East Coast (USEC) heading to South and South-East Asian ports. Container ships coming from ports located south of the Port of Norfolk, Virginia, heading to Port Klang, Malaysia, or its eastern ports are granted a ... Read More »

Visy Oy to provide OCR solution for spreaders in Estonia

TK Muuga has an annual capacity of 600,000 teu

Finnish gate automation provider Visy Oy has been awarded a contract to supply its optical character recognition (OCR) solution for spreaders to Transiidikeskuse (TK)’s container facilities at the Port of Tallin, Estonia. The company will attach to the terminal’s spreaders its in-house developed imaging and OCR system TopView, which includes cameras capturing high-resolution images used for container code identification by ... Read More »

DP World to build US$1bn greenfield port in Ecuador

Port operator DP World has won a 50-year concession to develop a greenfield multi-purpose port project in Ecuador focused on container handling with a capacity of 750,000 teu. Construction for the project, which will require a total investment of over US$1bn, is expected to start between the second half of 2016 and the first quarter of 2017. The new facilities ... Read More »

DP World discusses plans to increase its business in Argentina

DP World’s CEO has discussed the company’s plans to increase its container business in the Port of Buenos Aires with Argentina’s recently-elected President. The port operator’s plans to grow its presence in the country as regards both its container and cruise businesses were discussed during a meeting between Ahmed Bin Sulayem and Mauricio Macri in Buenos Aires. In discussing cooperation ... Read More »

Maersk accused of distorting Indian market

APMT Mumbai holds a majority stake in Gateway Terminals India Pvt Ltd (GTIPL)

An Indian policy advisory organisation has filed a complaint against Maersk to the Competition Commission of India (CCI) alleging that the company is distorting competition in the container freight station (CFS) market, local media reported. The Indian Competition Review (ICR) reportedly claimed that the Maersk group is taking advantage of its “dominant position” at Jawaharlal Nehru (JN) Port to dictate ... Read More »

‘K’ Line strengthens 2030 emissions target

'K' Line is ahead of schedule in cutting emissions

Kawasaki Kisen Kaisha, Ltd (‘K’ Line) has tightened its CO2 emissions reduction target for 2030 after making better progress than expected since 2011. It intends to cut emissions by 25% by 2030 compared to 2011 levels, and by half for 2050. The Japanese carrier reduced its CO2 emissions by 13.6% last year against its 2011 ceiling, putting it ahead of ... Read More »

UASC owners support Hapag-Lloyd merger

The four countries which currently own the United Arab Shipping Company (UASC) have approved an amendment to the company’s rules which would allow it to merge with Hapag-Lloyd. At an extraordinary general meeting, Qatar, Saudi Arabia, Kuwait and the United Arab Emirates have approved amendments to the company’s articles of association so that they allow for a merger. While no ... Read More »