Maersk suspends 2020 earnings guidance due to COVID-19

Maersk suspends 2020 earnings guidance due to COVID-19
Maersk, which had previously guided an EBITDA of around US$5.5bn for 2020, has suspended this guidance due to the uncertainties and lack of visibility related to the global demand for container transport, caused by the COVID-19 pandemic. The outbreak of the coronavirus has severely impacted the global transport market and supply chains, leading the...
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Hapag-Lloyd delivers strong 2019 result despite worries for coming months

Hapag-Lloyd delivers strong 2019 result despite worries for coming months
Hapag-Lloyd delivered a net result of around US$418m last year, boosted by higher volumes and better freight rates, although there are lingering fears about expectations for 2020 owing to the coronavirus (COVID-19). The average freight rate of 1,072 US$/teu was up by 2.7% over the previous year due to a stronger focus on more profitable ...
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Port of Savannah upgrades its loaded container storage

Port of Savannah upgrades its loaded container storage
The Port of Savannah has opened a new space devoted to loaded container storage at its Garden City Terminal, offering customers an additional 400,000 teu handling capacity. The Georgia Ports Authority (GPA) has also recently added container slots totalling nearly 5,000 teu of space to its operation. By mid-April, more than 6,000 teu of capacity ...
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MSC blames virus-related scrubber delays for IMO 2020 violation

MSC blames virus-related scrubber delays for IMO 2020 violation
Following the one-year ban of the MSC Joanna from UAE waters for breaching the International Maritime Organization’s (IMO) rules on high sulphur fuel oil (HSFO), MSC has explained that shipyard backlogs resulting from the coronavirus outbreak have delayed scrubber installations. The UAE’s Federal Transport Authority stated that the ship...
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COVID-19: Port of Houston closes two container terminals

COVID-19: Port of Houston closes two container terminals
UPDATE 20/03/20 15:00 GMT: Following a joint investigation with the International Longshoremen’s Association (ILA) that indicated that the worker who tested positive for COVID-19 had fairly limited contact with others, operations at the two container terminals of the Port of Houston are scheduled to resume. The Port of Houston has closed its...
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Dar es Salaam port to receive six RTGs

Dar es Salaam port to receive six RTGs
Tanzania Ports Authority (TPA) has ordered six Kalmar rubber-tyred gantry (RTG) cranes for use at Dar es Salaam port, as part of its expansion plan. The port handles about 95% of Tanzania’s international trade and serves the landlocked countries of Malawi, Zambia, Democratic Republic of Congo, Burundi, Rwanda and Uganda. It is strategically placed...
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HR Lines introduces new feeder service between Bangladesh, Singapore and Malaysia

HR Lines introduces new feeder service between Bangladesh, Singapore and Malaysia
HR Lines Limited, part of Bangladesh’s Karnaphuli Group, has launched a new fixed day of the week user feeder service in order to enhance trade connectivity between Bangladesh, Singapore and Malaysia. The Bangladesh Express Service (BES) will operate fixed day weekly port calls between Chattogram, Singapore and Port Klang, offering shippers access...
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Inform to deliver optimisation software to Port of Rotterdam

Inform to deliver optimisation software to Port of Rotterdam
The Port of Rotterdam has chosen Inform to deliver an innovative application of its existing optimisation modules as part of the port’s Container Exchange Route (CER) project. Inform is set to deliver the Capacity and Planning Platform (CAPP), comprised of a plug-in set of optimisation modules, for the front-end user interface – the CER platform .....
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Maersk launches Maersk Cargo Insurance

Maersk launches Maersk Cargo Insurance
Maersk has teamed up with Zurich Insurance Plc (Zurich) to bring Maersk Cargo Insurance, a product designed to protect customers’ goods against physical loss or damages. The insurance covers goods from the time they are first moved for loading until the completion of unloading at destination, from and to almost every country in the world, ...
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HHLA TK Estonia appoints new CEO

HHLA TK Estonia appoints new CEO
Hamburger Hafen und Logistik AG (HHLA) has appointed a new chief executive officer of the container and multipurpose terminal HHLA TK Estonia. Riaa Sillave officially took over management of the HHLA subsidiary on March 15, 2020, succeeding Vladimir Popov who has since left the group. Sillave, who studied business administration at Ludwig Maximilia...
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Double digit growth for Port of Oakland export volumes

Double digit growth for Port of Oakland export volumes
February containerised export volumes at the Port of Oakland have increased 15.4% compared to February 2019, making it the busiest February for export cargo in the past six years. Oakland’s exports have now increased year-on-year in five consecutive months and the port attributed much of the volume increase to growth in agricultural exports – espec...
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Port of Belize chooses Octopi TOS

Port of Belize chooses Octopi TOS
The Port of Belize Ltd. has signed an agreement with Octopi, part of Navis and Cargotec Corporation, in an effort to modernise its operations and bring the terminal up to international standards of operational excellence. Located in the country’s commercial gateway, Belize City, the port currently operates around 45,000 teu annually. It is primaril...
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SSA Marine keen to scale up ‘free flow’ trucking model to reduce idling

SSA Marine keen to scale up ‘free flow’ trucking model to reduce idling
Having delivered truck turn time savings of 67.7 minutes on average at the Port of Seattle’s Terminal 18 (T-18), SSA Marine is looking to widen the scope of its ‘free flow’ model. Aiming to deliver a more efficient way of distributing inbound cargo from ships to trucks, the model involves a first come, first served ...
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Coronavirus impact sees volumes plummet 23% at Port of Los Angeles

Coronavirus impact sees volumes plummet 23% at Port of Los Angeles
Container volumes declined by a huge 22.9% to 544,037 teu at the Port of Los Angeles in February as the slow-down of supply chains, owing to the coronavirus outbreak, becomes apparent. A reduction in services from the Far East played a key role, as imports dropped by 22.5% and empties declined by 35%. In comparison, ...
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IMO postpones meetings due to COVID-19

IMO postpones meetings due to COVID-19
The International Maritime Organisation (IMO) Secretariat has postponed more meetings in light of the World Health Organisation (WHO)’s determination that the COVID-19 outbreak is now pandemic. IMO made the decision to postpone three meetings having taken into account the rapid increase of cases worldwide and the continuing difficulties for some de...
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Goeyvaerts orders two more Konecranes Gottwald mobile harbour cranes

Goeyvaerts orders two more Konecranes Gottwald mobile harbour cranes
Crane rental company Goeyvaerts-R bvba (Goeyvaerts) has ordered two eco-efficient Konecranes Gottwald Model 7 mobile harbour cranes (MHCs) to help meet customer demand. One MHC will be delivered to the Port of Terneuzen, the Netherlands, in the spring while the second will be delivered to the Port of Antwerp, Belgium, in mid-2020. Kevin Goeyvaerts,...
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Acquisitions and non-container revenue boost DP World

Acquisitions and non-container revenue boost DP World
DP World recorded revenue growth of 36.1% last year, driven by logistics acquisitions including P&O Ferries (UK) and Topaz Energy & Marine (UAE) as well the purchase of two terminals in Chile (Puerto Central and Puerto Lirquen). The full year impact from Continental Warehousing Corporation (India), Cosmos Agencia Maritima (Peru) and Unifeed...
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Increased volumes to Iraq boost Aqaba Container Terminal

Increased volumes to Iraq boost Aqaba Container Terminal
Aqaba Container Terminal (ACT) delivered 3.4% growth for the period of August to December last year, boosted by the terminal’s strategy to promote the port as a gateway to Iraq and the wider Levant. Containers destined for Iraq jumped by 367% compared to tbe previous year, while the terminal has seen a growth in import ...
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SC Ports achieves record February volumes

SC Ports achieves record February volumes
SC Ports Authority (SCPA) has recorded its highest February ever for both cargo volumes and rail moves at inland ports. During this period, SC Ports moved 197,214 teu across the Wando Welch and North Charleston container terminals. Loaded export containers were up nearly 20% while loaded import containers were up about 14% in February, both ...
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CMA CGM expects to operate normal capacity fleet from mid-March

CMA CGM expects to operate normal capacity fleet from mid-March
With an upturn in volumes and the production capacity of Chinese manufacturing plants showing signs of improvement since the end of February, CMA CGM expects to operate a normal capacity fleet as of mid-March. The French carrier noted in its annual results that it has taken longer than usual for business to pick up following ...
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APMT Moín completes first year of operations

APMT Moín completes first year of operations
APM Terminals (APMT)’s Moín Container Terminal (MCT) has completed its first year of operations having serviced more than 1,100 ships and around 1.2m teu. The terminal has also achieved improvements in productivity and sustainability in addition to training 1,000 employees from the province of Limón. Hartmut Goeritz, managing director of APMT Moín,...
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Russian operator Global Ports delivers strong growth

Russian operator Global Ports delivers strong growth
Global Ports handled 1.44m teu across its marine container terminal portfolio last year, outperforming the Russian container market which produced a 4.5% increase. The Russian market’s growth was driven by 6.0 % growth of full container exports a 3.9% rise in full container imports, giving the country a total throughput of 5.1m teu. Full expo...
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ICTSI volumes and revenue up amid COVID-19 worries

ICTSI volumes and revenue up amid COVID-19 worries
Container throughput across the terminal portfolio of International Container Terminal Services, Inc. (ICTSI) rose by 5% to 10.2m teu last year before the coronavirus begun disrupting supply chains. Enrique K. Razon, Jr., chairman of ICTSI said: “The outbreak of COVID-19 has had an impact on volumes particularly in Asia and we are closely reviewing...
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Yilport Holding takes over Taranto Container Terminal

Yilport Holding takes over Taranto Container Terminal
Yilport Holding has taken over the Port of Taranto’s container terminal and become the sole operator via its subsidiary San Cataldo Container Terminal SpA (SCCT). The 49-year concession agreement was signed previously on July 30, 2019 between Yilport and Port Network Authority of the Ionian Sea (PNAIS), the managing institution of the Port of Taran...
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