Thursday , 18 April 2019
Latest News


DP World sues China Merchants Port Holdings over Djibouti Port

DP World has sued China Merchants Port Holdings Company (CM Port) over infringement of its exclusive port agreement with the Djibouti government. The UAE-based port operator accused CM Port of causing the Djibouti government to revoke DP World’s exclusive right to run the country’s ports in a legal filing obtained by FactWire. The concession agreement between DP World and the ... Read More »

Maersk acquires Vandegrift customs brokerage business

Maersk has areed to acquire Vandegrift Inc. – a New Jersey-based customs brokerage business in an aim to strengthen and broaden the company’s service offering to customers. Narin Phol, regional managing director of Maersk North America, said: “Vandegrift’s expertise and reputation enables us to place a trusted advisor in front of our customers to design and build individualized customs brokerage ... Read More »

Turkish economy and Latin America growth boost Yilport Holding’s results

Robert Yuksel Yildirim, chairman of Yilport Holding

Yilport Holding has recorded an excellent year as its worldwide terminals handled a total of 6.41m teu containers in 2018, representing a 5% year-on-year increase. The growth was mainly driven by the strong export performance of the Turkish economy, banana exports in Ecuador and containerisation investments which positively affected Latin America’s growth. In Turkey, throughput at the Yilport Gebze terminal ... Read More »

Piraeus, Venice and Chiogga agree to strengthen cargo flow

Pino Musolino, president of the North Adriatic Sea Port Authority and Captain Fu Chengqiu, CEO of Piraeus Port Authority S.A

The Port Authority of Piraeus’ CEO and the President of the North Adriatic Sea Port Authority has signed a Memorandum Of Understanding (MOU) with the aim to strengthen relations and cargo flows between the two ports. The two parties have plans to support infrastructural connectivity policies and port services aimed at fostering the commercial flows between Europe, the Mediterranean and ... Read More »

SAAM to acquire all joint operations with Boskalis for US$201m

Sociedad Matriz SAAM S.A has signed a US$201m deal to acquire all towage operations jointly controlled with Royal Boskalis Westminster N.V. (Boskalis) in Brazil, Mexico, Panama and Canada. Once the deal is finalised, SAAM will own 100% of operations in these companies and as a result, will acquire 49% of the business in Mexico, Panama and Canada and 50% in ... Read More »

Strong end-of-year results for Kalmar

Kalmar’s financial statements revealed a 23% year-on-year increase in orders, at a total value of €1,991m (US$2,254m), boosted by several major orders placed throughout 2018. By the end of the period, the manufacturer’s order book saw a 29% increase to €1,012m (US$1,145m) and at a total value of €1,618m (US$1,832m), sales steadily grew by 1%. Mika Vehviläinen, Cargotec’s CEO, said: ... Read More »

ICTSI enters into partnership with Navis across terminal portfolio

ICTSI's flagship terminal MICT

International Container Terminal Services, Inc. (ICTSI) and Navis have agreed to form a new global partnership, allowing the N4 platform to be adapted more easily to the terminal operator’s global footprint. The agreement features a “centralised pooled approach and global volume view”, aiming to support the Philippines-based company’s growth strategies around the world. According to Navis, by leveraging N4 within ... Read More »

Steady growth for Konecranes in 2018

Konecranes has recorded a steady growth for 2018, with a significant 26.9% year-on-year increase in order intake for the fourth quarter mostly attributed to two large orders. The two orders were 54 automated rail-mounted gantry cranes (ARMGs) to Khalifa Port in Abu Dhabi, announced in October, and an order for a single large process crane. Order intake for the whole ... Read More »

Savannah to serve six 14,000-teu vessels simultaneously by 2024

Garden City Terminal on a picturesque evening

Georgia Ports Authority (GPA) has launched its Big Berth/Big Ship programme, which will allow the Port of Savannah to simultaneously handle six 14,000 TEU vessels by 2024. Currently, Savannah’s Garden City Terminal is equipped to handle two of these vessels and by April of this year that number will increase to three. Griff Lynch, executive director at the GPA, said: ... Read More »

Maersk introduces new virtual assistant

Captain Peter engages with the customer from end to end in the supply chain

Maersk has planned to enhance its Remote Container Management (RCM) platform by introducing a virtual assistant, named Captain Peter, which is designed to assist customers along the journey of their cargo. A group of select customers have been testing technical improvements that aim to simplify the processes integrated into the RCM platform, set to be released in the first half ... Read More »