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Monthly Archives: August 2017

Throughput growth drives strong half year for HHLA

Hamburger Hafen und Logistik AG (HHLA) recorded strong growth across the board in its half year results, largely prompted by a 12% increase in container throughput. The group, which operates three terminals in Hamburg, posted revenue growth of 9% to €622.8m (US$729.5), while the Port Logistics subgroup’s operating result (EBIT) grew by just over 54% to  €90.6m ($106.046). This makes ... Read More »

Drewry: World container trade back on track

World container trade appears to be back on track after two lean years according to Drewry, with global throughput increasing by 6.6% in the first six months of 2017 across its sample of 150 ports. The consultancy had forecast growth of 4.1% over 2017 but if trade maintains its pace for the remainder of the year, this will be the ... Read More »

COSCO ship runs aground blocking Antwerp Port

The vessel became a tourist attraction before being moved

A ship which ran aground on the banks of the River Scheldt, blocking access to the Port of Antwerp, has now been moved. Ocean traffic to and from the Port of Antwerp was halted after a 14,000 teu vessel ran aground but it was successfully moved on the evening of August 14. The Western Scheldt had been closed to larger ships before ... Read More »

DP World and Suez Canal establish joint company

The heads of DP World and the Suez Canal Authority with Egypt's President Sisi

DP World and the General Authority of the Suez Canal have created a joint company to implement a series of projects in Egypt. The Dubai-based operator plans to carry out an integrated investment plan in the country by establishing an integrated industrial, logistic and commercial zone in the canal’s economic zone. DP World operates Sokhna container port, which sits south ... Read More »

Hong Kong grants block exemption to VSAs

Hong Kong’s Competition Commission has issued a five-year block exemption for vessel sharing agreements (VSAs) between shipping lines while refusing to authorise voluntary discussion agreements (VDAs). The order is subject to certain conditions including that VSA members do not collectively exceed a market share of 40% and that the VSA does not authorise or require shipping lines to engage in ... Read More »

Tecon Rio Grande sets new productivity record 

Tecon Rio Grande managed to perform 140 moves per hour (mph) when handling the Monte Tamaro, which connects Brazil to the East Coast of North America, following the installation of Navis’ N4 terminal operating system (TOS). These statistics represent a significant jump from the previous high of 121.04 mph in 2012, in an operation that required five ship-to-shore (STS) cranes working on ... Read More »

Multi-temperature facility to be built at London Gateway

The facility will be located at the terminal's West Zone (marked in red)

SH Pratt Group is to take a lease on a temperature-controlled distribution facility at DP World London Gateway, with construction to begin in the fourth quarter of 2017. The fruit importer’s new business, Halo, will be located at the 108,555sq ft multi-chambered warehouse, handling multi-temperature products, before distributing them to the UK consumer market. Located within the West Zone of ... Read More »

Amnesty International criticises Nicaraguan government over canal evictions

Amnesty International has denounced the Nicaraguan government over its handling of the proposed Nicaragua Canal, claiming it could lead to the forced eviction of hundreds of families. According to the non-governmental organisation (NGO), an “obscure legal framework” led to the concession of the project being awarded without genuine consultation with affected communities, violating human rights and potentially leaving many people ... Read More »

Panama confirms new canal toll structure

The new tolls become effective on October 1, 2017

The Panamanian government has approved a Panama Canal Authority (ACP) proposal to modify the Panama Canal’s toll structure which provides tariff reductions for neo-Panamax vessels. Vessels carrying between 3,500 teu and 6,000 teu benefit the most, with a reduction of US$20 per teu on the return voyage if they are deployed on the canal’s route in the head and back ... Read More »