Saturday , 25 May 2019
Latest News

Yearly Archives: 2018

Felixstowe problems persist, freight forwarders claim

Felixstowe has faced problems since implementing a new TOS

British freight forwarders have said problems at Felixstowe persist despite the port’s claim that the performance of its problematic new terminal operating system (TOS) is now ‘stable’. According to the British International Freight Association (BIFA), shipping lines are cancelling calls or operating cut-and-run policies, meaning ships leave before all containers are loaded or discharged. Robert Keen, director general of BIFA, ... Read More »

ICTSI records strong half-year

International Container Terminal Services, Inc. (ICTSI) registered record volumes and financial results in its half-year figures, citing the performances of new terminals in Australia and Papua New Guinea. The new terminals in Lae and Motukea in Papua New Guinea and Melbourne, Australia contributed toward the 4% year-on-year throughput growth, which rose to 4.71m teu. Growth in emerging markets was also ... Read More »

DP World acquires Unifeeder

Unifeeder provides connections to around 100 ports

DP World has acquired Danish feeder and short-sea operator Unifeeder from Nordic Capital Fund VIII and minority shareholders for €660m (US$765m). Based in Aarhus, Denmark, Unifeeder operates feeder services and short-sea networks across Europe, serving both deep-sea container hubs and the intra-Europe container freight market. Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “The ever-growing deployment of ... Read More »

Adani reports 16% increase in throughput

Indian operator Adani Ports and Special Economic Zones Limited (ASPEZ) recorded a 16% year-on-year rise in container throughput between April and June, handling 1.42m teu. This growth outpaced that of India’s total container volumes, which were up by 10%. ASPEZ’s terminals in Mundra and Hazira performed particularly well, registering throughput increases of 15% and 19% respectively. ASPEZ also announced its ... Read More »

Ashdod to generate extra container storage

The Port of Ashdod will increase its storage space by 20% to around 500,000 containers after it approved plans to increase stack heights to six empty boxes. The increase will also add an estimated additional 15,000 empty containers per year, improve the number of trucks entering the port during the day by 10% and produce an extra ILS2m (US$540,000) per year. The ... Read More »

OOCL volumes up 6% in half-year report

Trans-Pacific trade performed well

Orient Overseas Container Line (OOCL) recorded a 6% growth in total volumes in the first half of the year, handling 3.27m teu. The carrier’s parent company, Orient Overseas (International) Limited (OOIL), remarked that East-West trade lanes had been particularly strong, especially on trans-Pacific routes where volumes grew by 11.3%, in its interim report. However the company also warned of the ... Read More »

Five feeder lines opt for StowMan stowage planning

Five feeder liners, including Tehama Shipping and Transinsular, have selected the on-premise stowage planning solution StowMan, provided by Navis. The partnership aims to improve vessel stowage planning and an effective load list handling in order to optimise vessel utilisation and port calls. The trend of mega vessels and alliances has increased the inbound and outbound connections of feeder vessels, which ... Read More »

OOCL to operate independently following COSCO takeover

The addition of OOCL's fleet will make COSCO bigger than CMA CGM

Orient Overseas Container Line (OOCL) will continue to operate independently upon closing of the US$6.3bn acquisition by COSCO Shipping, which will make the Chinese carrier the world’s third largest shipping line. An online Q&A posted on COSCO’s website pointed out that the pair of carriers will maintain existing operational models and management channels while operating independently under the dual-brand strategy ... Read More »

Djibouti government’s seizure of Doraleh terminal ruled illegal

The London Court of International Arbitration (LCIA) has ruled that the Djibouti government’s seizure of Doraleh Container Terminal (DCT) from DP World in February 2018 was illegal. An arbitral tribunal ruled that DCT’s concession agreement remains “valid and binding” notwithstanding a law and several decrees, which were meant to empower the government to terminate its infrastructure agreements. Law 202 and ... Read More »