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Cargotec: “financially disappointing” 2013

Despite a stronger final quarter of 2013, equipment manufacturer Cargotec has described last year as “financially disappointing”. The group’s president and CEO Mika Vehviläinen said: “Despite our many achievements, 2013 was financially disappointing. However, it was pleasing during the fourth quarter to see the amount of orders received increase, while cash flow continued to strengthen from the third quarter.” Orders ... Read More »

DP World reports slight 2013 volume growth

Jebel Ali

DP World handled 55m teu across its global portfolio of container terminals during 2013, the company has announced, with gross container volumes rising by 0.7% on a like-for-like basis. The second half of the year delivered a stronger performance as volumes grew 3.6%, again on a like-for-like basis. On a reported basis gross volumes declined 1.9% mainly due to the ... Read More »

A mixed bag for Gothenburg

The Port of Gothenburg

The Port of Gothenburg experienced mixed fortunes in 2013, with ro-ro traffic increasing for the first time in three years, offset by a 5% drop in container traffic. Around 30% of Swedish foreign trade passes through the port, which is the largest in the Nordic Region. For the last couple of years, the trend for European flows has been in ... Read More »

New UAE-Somalia service calls at Jebel Ali

The Noura Express, CMA CGM’s new direct service between the UAE and Somalia has called for the first time at DP World’s Jebel Ali Port. It is the second container shipping service connecting Dubai to Mogadishu in less than a year, signaling the return of confidence in re-establishing trade links between Somalia and the rest of the world. Container trade ... Read More »

Deal signed for CT2 in East Port Said

Port Said

The Egyptian Ministry of Investment has signed an agreement with United Arab Shipping Company (UASC) to establish a second container terminal (CT2) in East Port Said. The terminal is expected to cost in the region of US$700m, with the funds coming from the Holding Company for Maritime & Land Transport (75%), UASC (20%) and the remainder from a company in ... Read More »

Duisport expanding terminal capacity

The Duisport Group is expanding its terminal capacities in the container terminals in Logport I and Logport III on the left bank of the Rhine. The fleet of six gantry cranes will be supplemented by four additional units, plus an expansion of rail infrastructure and a 13 ha extension of the handling area should see capacity rise to 5m teu ... Read More »

Khalifa welcomes three of the world’s largest quay cranes

The new cranes will increase capacity by 750,000 teu

Three of the world’s largest and most modern ship-to-shore (STS) quay cranes have arrived at Abu Dhabi’s Khalifa Port, the first semi-automated container terminal in the region. The ZPMC Super post-Panamax cranes which cost more than US$28m will join the six already operational cranes at Khalifa bringing the total to nine units. In addition, six Konecranes automated stacking cranes (ASC) ... Read More »

War chest or aquisitions?

The AP Moller-Maersk Group’s recent moves to sell more than US$4bn of non-core and under-performing assets begs the question of where the money will be re-invested, and its likely impact on existing market forces within the container shipping industry. Maersk Line already enjoys enormous economies of scale within the sector, so, should the cash be ploughed back into providing even ... Read More »

A good year for Liebherr’s mobile harbour cranes

Liebherr mobile harbour cranes boosted 2013 sales to among the best ever

Mobile harbour cranes (LHM) once again contributed strongly to the overall success of Liebherr Maritime Cranes with around 80 units delivered for a turnover of €280m (US$391m). In addition, the Latin American market and the launch of the Maritime Cranes simulator boosted 2013 sales to rank amongst the most successful ever. Read More »