Thursday , 18 April 2019
Latest News

Archive

CMA CGM completes acquisition of CEVA Logistics

CMA CGM has completed its public tender offer to acquire CEVA Logistics, as it implements a transformation plan to extend its shipping footprint into the logistics sector. The carrier now holds 97.89% of the outstanding shares of the logistics player and will consolidate the management teams in an aim to return CEVA to profit. Rodolphe Saadé, chairman and CEO of ... Read More »

Hyster launches new top lift laden container handler

The unit stacks up to six-high

Hyster Europe has launched a new top lift laden container handler in an effort to help raise productivity at ports and terminals. The machine stacks up to six high and makes first row handling faster in container block stacking applications and when shuttling containers. Chris can de Werdt, product strategy manager EMEA bus trucks at Hyster Europe, said: “One of ... Read More »

Port Houston limits number of 1,100 ft vessels

Commissioners for the Port of Houston Authority have agreed to limit the number of vessels measuring longer than 1,100 ft at the request of energy companies who feared large container ships would threaten export growth. Traffic for large vessels that cause one-way traffic limitations on the key ship channel approach of Galveston Bay has been limited to once a week. ... Read More »

ICTSI approves Philippine government crackdown on overstaying containers

International Container Terminal Services, Inc. (ICTSI) has praised the concrete steps taken by the Philippine government to clear Manila ports of overstaying cargo. The Philippine Ports Authority (PPA), the Department of Transportation (DoTr), the Department of Trade and Industry (DTI) and the Bureau of Customs (BOC) have been working to ensure the swift disposition of overstaying cargo. Christian R. Gonzales, ... Read More »

COSCO adds presence in Liverpool

Jork container ship arriving on the Mersey

COSCO Shipping will take slots on an existing Canadian service via Montreal with Orient Overseas Container Line (OOCL), giving it a presence in Liverpool. The decision follows a trial by the Chinese carrier in October 2018, since when MSC has also introduced a new call to Liverpool as part of a rotation including Canada, Turkey and several southern European ports. ... Read More »

ICTSI Manila upgrades container-handling equipment fleet

International Container Terminal Services, Inc (ICTSI)’s flagship Manila International Container Terminal (MICT) has further upgraded the Philippines’ largest fleet of container-handling equipment with four new hybrid rubber-tyred gantries (RTGs) from Japan. The new RTGs are manufactured by Mitsui Engineering & Shipbuilding Co. Ltd. (MES) and will be deployed immediately with the aim to further increase MICT’s yard productivity. In total, ... Read More »

DP World acquires Chilean company Puertos y Logística S.A.

Puerto Central and Puerto Lirquen are two of the largest multipurpose terminals in Chile

DP World has acquired control of the Chilean company Puertos y Logística S.A., owner of Puerto Central (San Antonio) and Puerto Lirquen (Concepción) – two of the largest multipurpose terminals in the country. The acquisition of these facilities followed a successful Public Offer of Acquisition of Shares (OPA) made through DP World Holding UK of US$502m and all taxes related ... Read More »

Rise in container traffic for Stockholm

The Stockholm Norvik Port is scheduled to open May 2020

Container traffic at Ports of Stockholm is on the rise, with volumes 25% greater in the first quarter of 2019 than the same period in 2018. To meet the demands of the rising throughput, the Stockholm Norvik Port is scheduled to open in May 2020 and will replace the current Container Terminal Frihamnen (CTF). Nicklas Ebersson, cargo marketing manager at ... Read More »

Eurogate 2018 results heavily affected by shipping line alliances

Eurogate’s Wilhelmshaven terminal recorded a double digit increase in 2018, acting as a shining light amongst a 20.9% decline in net profit and throughput losses at its other terminals affected by the restructuring of shipping alliances. The group’s net profit for 2018 was €67.3m (US$75.5m) compared to €85.2m (US$95.6m), with the decrease mainly attributed to non-recurring effects which significantly contributed ... Read More »

Strong growth for China Merchants Port Holdings

CM Ports outperformed the  global throughput growth by 0.7%

China Merchants Port Holdings (CM Port) recorded a decrease in throughput at three of its container terminals, despite overall throughput having risen 6.0% year-on-year in 2018 and net profit up by 20.2%. West Shenzhen suffered a 4.4% decrease to 1.06m teu due to the disposal of equity interest of Shenzhen Chiwan in June 2018 and the upgrade and renovation project ... Read More »