Tuesday , 21 May 2019
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Yearly Archives: 2018

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 »

Kalmar signs maintenance contract with PSA

Singapore-based port operator PSA has tasked Kalmar with maintaining and repairing one its mobile equipment fleets. The three-year contract means Kalmar will take care of the company’s 700 prime movers and trailers at the Pasir Panjang terminal. Peter McLean, Senior Vice-President of Kalmar Asia-Pacific, said: “We have been working with PSA on the maintenance of their equipment for more than ... Read More »

Portek buys stake in Indonesian operator

DHU operates Terminal 110-113 in Tanjung Priok

Portek International has acquired a 67% stake in an Indonesian port operator called PT Dwipahasta Utamaduta (DHU). Portek’s CEO Tsuyoshi Kamihira, said: “We are pleased to expand Portek’s terminal operations portfolio with the addition of DHU. We are confident that DHU, one of the largest domestic terminal operators in Tanjung Priok, Jakarta will become an integral part of Portek.” “We ... Read More »