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Monthly Archives: October 2016

Campaigners accuse IMO of further carbon inaction

Campaigners have criticised the International Maritime Organisation’s (IMO) decision not to finalise an initial strategy to address shipping’s greenhouse gas emissions until 2023. Under proposals submitted to the IMO’s meeting in London on Friday, the emissions reduction strategy will be finalised in 2023, after a three-year project to capture ship-level fuel use data beginning in 2019. According to a statement ... Read More »

Expanded Panama Canal could offer inadvertent emissions cut

The expanded Panama Canal officially opened on June 26, 2016

While the Panama Canal’s expansion was necessary to enable the waterway to handle many of the large vessels that are now an industry norm, the Panama Canal Authority (ACP) claims it will also help to cut carbon dioxide (CO2) emissions. In an interview with CM, the ACP’s environmental protection specialist Alexis Rodriguez said that bigger vessels have brought an increased ... Read More »

Sulphur cap to be implemented by 2020

The International Maritime Organisation (IMO) has ruled that its 0.5% sulphur emissions cap should be implemented by 2020. Delegates at the IMO’s Marine Environment Protection Committee (MEPC) were tasked with deciding whether the cap should be implemented by 2020 or 2025. The global cap on the content of sulphur in marine fuel by 2020 or 2025 was first agreed in ... Read More »

Konecranes cost-cutting improves its profit

Konecranes is led by Panu Routila

Konecranes profitability has improved in the third-quarter due to cost cuts and despite its orders declining. The company has reduced its number of workers by 790 since the beginning of 2016, including 347 in the third quarter. These job cuts have been relatively evenly spread throughout the company’s business areas and geographical regions. Operating profit has increased from €4.1m (US$4.5m) ... Read More »

Suez Canal discussing early toll payments with carriers

The Suez Canal Authority (SCA) is in talks with several global shipping lines over introducing a new toll structure where charges are levied three or five years in advance in return for a discount. Mohab Mamish, chairman of the SCA, told The Wall Street Journal: ““We are talking with the big carriers about a scheme to deposit a certain balance ... Read More »

DP World announces 7% fall in UAE volumes

UAE’s Jebel Ali Port is DP World's flagship facility

DP World reported a 7% year-on-year drop in its UAE gross container volumes in the first nine months of 2016 due to reduced lower-margin transhipment cargo. Throughput at the port operator’s terminals in the UAE fell from 11.9m teu in the first nine months of 2015 to 11.1m teu in the same period this year. Overall consolidated volumes, handled at ... Read More »

Cargotec CEO claims ports are delaying equipment purchases

The CEO of Kalmar’s parent company has said that the pace of customer decision making has slowed down in 2016. In his statement on Cargotec’s third-quarter results, Mika Vehviläinen said: “Kalmar’s result was also satisfactory; however, the pace of customer decision making has slowed down, which could be seen in declining order numbers.” According to the results statement, Kalmar received ... Read More »

APMT orders remote-controlled cranes for Tanger-Med

The new terminal is set to be completed in 2019

APM Terminals (APMT) has ordered 12 new remote-controlled ship-to-shore (STS) cranes and 32 automated rail-mounted gantry (ARMG) cranes for its new facility at Tanger-Med II port, Morocco. The equipment will be operated at the 5m teu APMT MedPort Tangier facility, which is now under construction and expected to be completed in 2019. Both the new STS cranes, manufactured by Shanghai-based ... Read More »

Konecranes set for biggest ever contract

Konecranes looks set to receive an order for 86 automated stacking cranes (ASCs) from the Virginia Port Authority (VPA). The value of the contracts will exceed €200m (US$218m), making it the biggest order in the company’s history. The deal depends on approval by the VPA’s board of commissioners at its meeting on November 15, 2016 and upon the two companies ... Read More »