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Monthly Archives: August 2016

Ports of Auckland to automate its container terminal

The project will be completed in 2019

Ports of Auckland, New Zealand, has announced that it will start works to partially automate its container terminal. The automation project, which is set to be completed by 2019, includes the use of automated straddle carriers to load and unload trucks and operate the container yard. The plans, which are expected to increase the terminal capacity from around 900,000 teu ... Read More »

UK forwarders supports shippers’ efforts to end surcharges

The British International Freight Association (BIFA) has backed international shippers’ call to end surcharges imposed by shipping companies within five years. The expression of support by BIFA, the UK trade association for freight forwarding and logistics companies, came after the Global Shippers’ Forum passed a resolution to end these surcharges by 2020. Robert Keen, BIFA director general, claimed in a ... Read More »

Exclusive: Former Grup TCB boss criticises arrest warrant

Pérez- Maura has denied any wrongdoing

The man who was the former majority shareholder of Grup TCB has defended himself against corruption allegations. Angel Pérez-Maura faces an international arrest warrant, issued by the International Commission against Impunity in Guatemala, for allegedly bribing the country’s political leaders in order to gain a concession in Quetzal. Iñaki Torres Prada, a spokesperson for Pérez-Maura, told CM: “The [concession] was awarded ... Read More »

Elektrans Shipping implements new asset management system

Elektrans Shipping, part of the Elektrans Group, has begun implementing a web based integrated fleet management system, Marine Asset Management System (MAMS). MAMS covers all aspects of ship management, including planned maintenance, safety, procurement, crewing and voyage management, and provides a business intelligence and compliance tool. Michael Elwert, the Elektrans Group CEO, said that the system would “address the needs ... Read More »

Auckland and Napier announce alliance

The ports’ CEOs signed a memorandum of understanding

The ports of Auckland and Napier have announced they will work together to optimise services for customers and achieve scale and efficiencies in the supply chain. The North Island ports’ alliance builds on their existing joint venture in Palmerston North’s Longburn regional freight hub. “Ports of Auckland and Napier Port are the gateways to two of the largest North Island ... Read More »

Italian cabinet approves port reform bill

The Italian Council of Ministers has approved a bill to reform port authorities aimed at simplifying bureaucracy and enhancing the country’s ports’ competitiveness. The main aims of the new bill are the simplification of procedures to facilitate handling of goods and passengers, an administrative reorganisation and the establishment of a more centralised decisional power under the coordination of the Ministry ... Read More »

Neighbouring companies in San Juan port combine facilities

PRT covers an area of 122 acres

Terminal operators TOTE Maritime Puerto Rico and Intership have combined their adjacent facilities at the Port of San Juan’s Puerto Nuevo terminals into a new joint venture (JV) expected to boost growth. The Puerto Rico Terminals (PRT) JV, which combines US$38m worth of the companies’ existing assets at the Puerto Nuevo terminals, is expected to handle over 250,000 containers and ... Read More »

Konecranes borrows US$1.7bn for Terex MHPS acquisition

Konecranes has secured €1.5bn (US$1.7bn) worth of financing for its acquisition of Terex’s material handling and port solutions segment. This financing includes a €0.3bn (US$0.36bn) loan which is due to be paid back in three years; a €0.6bn (US$0.72bn) loan which will be paid back in instalments over five years and a  €0.4bn (US$0.45bn) revolving credit facility which will last ... Read More »

Terex reports US$39m loss in MHPS segment

Garrison was appointed president and CEO of Terex in November 2015

Terex has reported a US$39m loss in its material handling & port solutions (MHPS) segment in the second quarter of 2016. As the segment is currently pending sale to Konecranes, it is now accounted for as a ‘discontinued operation’ and so a further breakdown of the segment’s performance was unavailable. Terex’s CEO John Garrison  said: “Our second quarter results reflect ... Read More »