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Monthly Archives: October 2017

COSCO Shipping to raise US$2bn for 20 new ships

COSCO has previously agreed to acquire OOCL for US$6.3bn

Now back in profit, COSCO Shipping has announced plans to raise 12.9bn yuan (US$2bn) to fund the construction of 20 new container vessels, with 11 of more than 20,000 teu in capacity. In particular, six ships will have a capacity of 21,237 teu and five vessels will each be able to carry 20,119 teu. From the remainder, four ships will ... Read More »

Maersk regional head calls for Peruvian infrastructure investment

Francisco Ulloa, managing director, west coast of South America at Maersk Line

Having more high quality Peruvian ports would help provide more options for shippers and would benefit Peru’s fresh goods market, according to one of Maersk Line’s South American chiefs. Francisco Ulloa, managing director, West Coast of South America, told CM an increase in the number of ports would shorten transit times and would mean avoiding the heavy congestion currently facing ... Read More »

Malta Freeport opts for Navis N4

Malta Freeport Terminals has implemented the Navis N4 terminal operating system (TOS) as it seeks to strengthen its technological capabilities ahead of increasing its capacity to 4.5m teu. The Mediterranean transhipment hub currently has an annual capacity of 3.8m teu with a gross crane productivity of 30 moves per hour. The TOS was introduced during a 24 hour closing over ... Read More »

Panama Canal introduces emissions calculator

Jorge Quijano, Panama Canal administrator

The Panama Canal has announced the launch of the emissions calculator, a new tool which will offer shippers an assessment of their carbon emissions, rank those who have reduced the most emissions by transiting the canal versus alternate routes, and encourage action to reduce carbon footprints. Jorge Quijano, Panama Canal administrator, said that the tool would give customers “the information ... Read More »

Canadian ports go greener with shore side power

Canadian ports are employing shore side electrical power for ships in a bid to cut greenhouse gas emissions. Shore power technologies, also known as cold ironing and Alternative Maritime Power (AMP), enable ships to connect to electric generators within a port, thus meaning they can switch off their diesel generators. Terminals in Canada’s largest port, the Port of Vancouver, have ... Read More »

Halterm to invest US$10m on expansion

The terminal will spend US$10m

The Port of Halifax’s Halterm terminal will invest US$10m in 2018 on expanding the terminal’s capacity. The terminal will install three Konecranes one-over-five rubber-tyred gantry cranes (RTGs), allowing containers to be stacked five high. These RTGs will be delivered in February and October 2018. The terminal claims these improvements will increase yard capacity by 40%, or 160,000 teu. Expansion is ... Read More »

New India to Far East service begins

A new service connecting India with South-East Asia and China has begun. The new service will call at Visakhapatnam, Port Klang, Singapore, Busan, Qingdao, Shanghai and Shekou. The service will be operated by the Ocean Alliance and will have vessels of up to 5,500 teu vessels. The Ocean Alliance consists of China Cosco Shipping, Evergreen, CMA CGM and Orient Overseas ... Read More »

New inter-Asia service calls at DaChan Bay

This 6,000 teu vessel is now plying the route

A new inter-Asia service has had its maiden call at DaChan Bay with the 6,000 teu Emirates Hana calling. The eight-vessel GALEX service will call once a week at Shenzen’s DaChan Bay before continuing on its journey around Asia. The service is operated by Emirates Shipping Line, which is providing seven ships, and Regional Container Line, which is providing one. The ... Read More »

DP World continues strong volume growth

DP World’s throughput in the first three quarters of 2017 has increased by 9.6% on a like-for-like basis over the previous year. This is greater than the industry average with Drewry Maritime currently forecasting 5.5% throughput growth in 2017. Growth in the third quarter at 13.3% on a like-for-like basis, even greater than in the first three quarters combined. DP ... Read More »