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Monthly Archives: February 2017

Maersk Line introduces two new 2M services

The carrier is also merging two of its Asia-US West Coast services

Maersk Line has introduced two new services to run on the 2M alliance network it operates with the Mediterranean Shipping Company (MSC). The carrier’s AE7 and TP16 services are expected to allow Maersk Line and MSC to accommodate the volumes coming from the slot purchase agreements with Hyundai Merchant Marine (HMM) and Hamburg Süd. Under the recently announced agreements, the ... Read More »

Hutchison volumes down in Hong Kong and Shenzhen

Container throughput at Hutchison Port Holdings (HPH) Trust’s deep-water ports fell by 6% in 2016 as both Shenzhen and Hong Kong saw volumes slide. At Yantian International Container Terminals (YICT) in Shenzhen, throughput dropped by 4% while volumes slumped 8% cumulatively at its facilities in Hong Kong. In a statement, the terminal operator attributed the slide in Shenzhen to being ... Read More »

German court: Elbe dredging project needs improving

The project has been delayed again

A German court has ruled that plans to dredge the river Elbe in Hamburg have to be improved before works can continue. The news follows the filing of a complaint by green organisations raising worries over the potential environmental impact of the fairway adjustment of the Lower and Outer Elbe. While stating that parts of the planning process broke planning ... Read More »

Update: Spanish port workers call off strike

Valencia is one of Spain's largest ports

Spanish port workers have called off a planned three-day strike after the government confirmed it would put its port labour reforms on hold and instead open talks with unions. The Spanish government had previously announced plans to reform the sector’s port labour market due to an ongoing fine from the European Court of Justice (ECJ). Strikes were due to take ... Read More »

Kalmar reports fall in 2016 orders

Finnish equipment manufacturer Kalmar has reported a 2% year-on-year drop to €1.72bn (US$1.8bn) in the orders received last year. However, the company recorded an 11% year-on-year rise to €440m (US$469m) in orders received during the fourth quarter attributable to a good demand in the EMEA region. Kalmar’s sales were up 2% from €1.67bn (US$1.78bn) in 2015 to €1.7bn (US$1.8bn) last ... Read More »

Maersk: Price war is over after tough year

Maersk executives provided a relatively buoyant outlook for the container shipping market following a difficult 2016, in which the conglomerate made a US$1.9bn loss, largely due to write-downs in its oil and service supply units. Following the result which is Maersk’s second annual loss since the Second World War, the company noted its expectations for an improvement in 2017 as ... Read More »

Quetzal container termimal to start operations in March

APMT obtained the concession through the acquisition of Grup TCB

APM Terminals (APMT)’s container facility in Puerto Quetzal, Guatemala, is scheduled to start operations on March 9, 2017. Terminal de Contenedores Quetzal (TCQ), which APMT obtained the concession to operate through the acquisition of Grup TCB last year, is set to start its operations by handling Maersk’s 2,546 teu vessel Sealand Balboa, according to a customer advisory. A statement by ... Read More »

Djibouti’s new port to be completed in March

The Port of Djibouti has announced that its new Doraleh Multipurpose Port (DMP) will be completed by the end of March 2017. Construction of the new 690 ha facility, which will feature four separate terminals for handling containers, ro/ro, breakbulk and bulk, is expected to have required a total investment of over U$590m. The new port recently received several new ... Read More »

DP World announces drop in UAE volumes

UAE volumes were affected by challenging market conditions in Jebel Ali

Dubai-based port operator DP World has reported a 5.3% year-on-year drop in its United Arab Emirates (UAE) gross container throughput last year. Volumes at the company’s terminals in the UAE fell from 15.6m teu in 2015 to 14.8m teu last year amid challenging market conditions at its flagship Jebel Ali Port. The operator’s consolidated volumes, which are handled in terminals ... Read More »