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Monthly Archives: November 2018

Strong results for ICTSI in third quarter

VICT in Melbourne helped to boost throughput

International Container Terminal Services, Inc. (ICTSI) reached US$1bn in revenue from port operations in the first nine months of the year as throughput rose by 5%. ICTSI handled 7.2m teu across all of it terminals while revenue from port operations increased 10% from US$918.3m. The company attributed its success to volume growth, new contracts with shipping lines and services and ... Read More »

Technology pilot improves efficiency at the Port of Long Beach

Initial outcomes of a three-month technology pilot by GE Transportation to improve cargo flow at the Port of Long Beach have demonstrated efficiency improvements at the port. GE’s Port Optimizer showed advanced visibility of incoming cargo, offered over 14 days faster access to information, and improved turn times while increasing throughput which led to increased supply chain performance. Weston LaBar, ... Read More »

Maersk Container Industry to launch reefer digitalisation service

Anders Holm, MCI's global head of sales and marketing

Maersk Container Industry (MCI) will launch a reefer digitalisation service in 2019, looking to provide reporting data to container operators wherever their reefers are located in the world. Named Sekstant Global Guidance, the system aims to enable new levels of automation and data collection, changing the way how operators can manage their reefer transport chain. According to the manufacturer, Sekstant ... Read More »

Ocean Alliance members, Yang Ming and major terminal operators initiate blockchain consortium

GSBN's initial members at the launch in Shanghai

Members of the Ocean Alliance and Yang Ming along with DP World, Hutchison Ports, PSA International and Shanghai International Port Group (SIPG) and CargoSmart have agreed to form a consortium to develop an open digital platform based on blockchain technology. The platform, named the Global Shipping Business Network (GSBN), aims to establish a digital baseline connecting stakeholders including carriers, terminal ... Read More »

Textainer becomes first leasing company to invest in PrimeLINE ONE reefers

Textainer has ordered 1,000 PrimeLINE ONE refrigerated containers from Carrier Transicold and Singamas Container Holdings Limited, making it the first major container leasing company to acquire the new model. John Simmons, vice president of refrigerated containers at Textainer, said: “As a major supplier of refrigerated containers to shipping lines around the world, we have one of the industry’s youngest and fastest-growing reefer ... Read More »

APM Terminals Bahrain to launch US$31m IPO

APM Terminals (APMT) Bahrain, the only operator at Khalifa bin Salman Port (KBSP) has announced the initial public offering (IPO) of 20% of the company’s total issued share capital, beginning on November 8. Worth BHD11.8m (US$31m), the offer is comprised of 18m shares of the joint venture between APMT International (80%) and YBA Kanoo Holdings of Bahrain (20%), a regional ... Read More »

Yilport awarded contract for multi-purpose terminal in Puerto Quetzal

The Guatemalan hub becomes Yilport's third terminal in Latin America

Yilport Holding has taken a 55% share in Puerto Quetzal to execute multi-purpose quay operations after signing a contract with the port authority. Puerto Quetzal, located 102 km from Guatemala City, is the first multi-purpose Guatemalan port on the Pacific Ocean and is able to accommodate vessels up to Panamax size. The terminal, in which general cargo, container, liquid cargo ... Read More »

London Thamesport receives new short-sea service

Helsinki-based Containerships is to introduce a second weekly service from Gdynia, Poland, to Hutchison Ports London Thamesport, the carrier’s second direct service to and from the southern part of the UK. The service offers regular and fast connections with Poland, with improved service and transit times from Gdynia of 3-4 days and 4-6 days for the return journey. Mark Taylor, on ... Read More »

OECD calls for container shipping alliances to lose competition law exemptions

Global market share of alliances

A new report from the International Transport Forum (ITF), part of the OECD, claims that liner shipping does not have unique characteristics that justify exemptions from competition law, either for conferences or for alliances. The study, named ‘The Impact of Alliances in Container Shipping’ said that generic antitrust rules should apply to all agreements between liner shipping companies and that countries where “conferences” ... Read More »