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Monthly Archives: January 2018

Portland starts new rail shuttle

Portland's Terminal 6 is linked by rail to Puget Sound

The Port of Portland has started a new rail shuttle between its Terminal 6 container terminal and the port of Seattle/Tacoma. The new service, which has been launched with Burlington North and Santa Fe Railway, will operate five days a week. “The rail service will complement the monthly container ship call by giving our local shippers another path to market,” ... Read More »

Indian transshipment terminal prospers

A South Indian transhipment terminal has recorded growth of 11% in 2017. DP World’s India Gateway Terminal had a throughput of 532,000 teu in the calendar year. The company said that it had implemented a number of measures to improve the productivity of the terminal in Cochin. These included a new digital portal which enables paperless transaction, offers a single ... Read More »

Westports volumes fall in 2017

Westports Container Terminal

Container volumes at the Malaysian terminal operator Westports have fallen by 9.5% in 2017. The operator recorded volumes of 9.95m teu in 2016 and 9m teu in 2017. This fall in volumes was not unexpected – as the company had issued guidance predicting a fall in volumes of between 7% and 12%. In a stock exchange filing, the company predicted ... Read More »

Cavotec supplies record-breaking cranes

The STS cranes are also the world's second-tallest

Cavotec has provided cable reels for ship-to-shore (STS) cranes which have the highest lifting distance of any such cranes in the world. The cable reels provide electrical power for the ZPMC STS cranes at the Port of Tanjung Pelepas in Malaysia. As well as having the world’s highest lifting distance, these cranes are the second tallest in the world after ... Read More »

Red Hook Container Terminal may move

The Governor of New York has said he would consider moving Brooklyn’s Red Hook Container Terminal, according to Crain’s New York Business. Andrew Cuomo said he may relocate the terminal to another site in Brooklyn, possibly in order to allow the facility, which sits on sought-after residential land, to be developed. In his speech, Cuomo did not say that the site ... Read More »

DP World Santos appoints new CEO

Dallas Hampton is DP World Santos new CEO

DP World Santos has announced that its current CEO Ernst Schulze is stepping down in order to take up another role in the DP World group. The Brazilian terminal will now be run by Dallas Hampton, an Australian who worked his way up from a shift manager in Australia to manage various terminals across the world. Between 1999 and 2009, ... Read More »

Report predicts Chinese terminal dominance

The Chinese state will be the biggest container terminal operator in the world by 2020, according to a new report. The report, by law firm Ince & Co, predicts that the combined entity of COSCO and China Shipping will be the world’s biggest terminal operator because of One Belt One Road investment. Currently, they are fourth and eighth respectively. According ... Read More »

Konecranes adjusts to Trump’s tax reforms

Konecranes has announced that President Trump’s tax reforms have reduced the value of its ‘deferred tax assets’ by €15m (US$18m). The reforms have reduced US federal corporate income tax from 35% to 21%. While this reduces the amount of tax which companies pay, it also reduces the value of tax credits saved up from past losses, known as “deferred tax assets”. In ... Read More »

Maersk looks to expand Kathmandu Express

Maersk plan to open an office in Kathmandu

  Maersk Line has announced that it is considering expanding the Kathmandu Express between an Indian port and the Nepali border. In a customer advisory, the company said that it expects to run five or six trains a month between Visakhapatnam and the Birgunj inland container depot in June 2018. Visakhapatnam is roughly half-way up India’s east coast and Birgunj is on ... Read More »