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Monthly Archives: January 2017

COSCO increases stake in Qingdao Port

The company’s stake will rise to 18.41%

COSCO Shipping Ports has entered into an agreement to buy a 16.82% stake in the operator of the Port of Qingdao, China. As part of the transaction agreement, COSCO Shipping Ports’ wholly-owned subsidiary Shanghai China Shipping Terminal Development will purchase the shares in Qingdao Port International Co., Ltd. (QPI) for approximately RMB 5.8bn (US$846m), equivalent to about RMB5.71 (US$0.83) per ... Read More »

Jebel Ali orders Kalmar empty container handlers

Kalmar's empty container handler

Kalmar, part of Cargotec, has been awarded an order to supply DP World’s flagship terminal, Jebel Ali Port in Dubai with 13 new generation empty container handlers. The order was booked into Cargotec’s 2016 fourth quarter order intake. The deliveries will begin in the second quarter of 2017 and are scheduled to be completed by the end of the year. ... Read More »

BIFA: Brexit’s impact on freight operations still uncertain

The British International Freight Association (BIFA) has stated that the recent UK Prime Minister’s speech on Brexit left its members dealing with uncertainty over the impact on freight operations. According to BIFA, which represents UK freight forwarding companies, while mentioning the UK’s plans to leave the European Union (EU)’s single market, Theresa May’s speech remained short “on the details that ... Read More »

Increase in environmentally friendly ships at Gothenburg Port

Last year, one in three ships calling the Port of Gothenburg received an environmental discount on port charges, representing an 83% increase on 2015. The port rewards vessels classified as green according to industry environmental indexes, the Environmental Ship Index (ESI) and Clean Shipping Index (CSI). In total, 75 vessels received a 10% discount on port charges based on gross ... Read More »

HMM buys stake in Hanjin’s US terminals

The combined deal was worth a total of US$15.6m

South Korean shipping line Hyundai Merchant Marine (HMM) is set to buy a 20% stake in a Hanjin Shipping’s US port operating subsidiary Total Terminals International LLC (TTI). TTI, of which the Mediterranean Shipping Company (MSC) is the majority shareholder, operates container terminals in Seattle and Long Beach, California. In addition to a stake in TTI, HMM will also purchase ... Read More »

ICTSI to expand Honduras terminal

A subsidiary of International Container Terminal Services, Inc. (ICTSI) has signed a contract with China Harbour Engineering Company (CHEC) for the first phase of the expansion of the Specialised Container and Cargo Terminal in Puerto Cortes, Honduras. The first phase covers the construction of a 350 m long berth with a controlling depth of 15.5 m, two trestles that will ... Read More »

New Germany-Rotterdam rail service launches

It starts with a fixed schedule and two round trips per week

Container hinterland network Contargo has started a new rail connection between the Netherlands and Germany. The new Koblenz Multimodal Express service, which links Rotterdam to Koblenz, in the Middle Rhine, is beginning with a fixed schedule and two round trips per week. The train service is set to depart regularly from Rotterdam on Mondays and Thursdays, leave Koblenz on Tuesdays and ... Read More »

DP World to develop special economic zone in Kazakhstan

DP World already has a similar contract for Khorgos SEZ

DP World has signed a memorandum of understanding with the Kazakhstan government for the development of a special economic zone in Aktau. The terminal operator’s group and chairman, Sultan Ahmed bin Sulayem, has previously endorsed Kazakhstan’s potential in developing production and logistics facilities to take advantage of China’s One Belt, One Road strategy. The Dubai-based company already holds a management ... Read More »

Antwerp reports slower growth

The Port of Antwerp, Belgium, recorded a 4% year-on-year rise in its container throughput last year. Total container volumes went up from 9.6m teu handled in 2015 to over 10m teu in 2016, representing the first time the port’s volumes surpassed the 10m teu mark. Last year’s growth was however slower than 2015, when total container volumes had gone up ... Read More »