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Hong Kong’s CT10 could be unviable

The proposed ‘CT10’ container terminal planned for Hong Kong at an estimated cost of HK$100bn (US$13bn), has been deemed as “unlikely to be financially viable”, following predictions of modest cargo growth during the decade from 2020. Read More »

Khalifa and PIL join the ‘One Million’ club

Khalifa has handled 1m teu in its first year of operation

Abu Dhabi Terminals (ADT) has celebrated handling one million teu, a record number of containers through Khalifa Port coinciding with the celebration of its first year of operation. In addition, the port handled more than 100,000 teu in just one month (October). Read More »

Jobs lost as Steelbro moves production to China

Steelbro has already ceased manufacturing its trailer-based Sidelifters

Engineering group Steelbro is moving production from its Christchurch-based facility to China, progressively shutting down its New Zealand operation over the next three months after the company filed for voluntary receivership of its Steelbro New Zealand operation last week. Read More »

Larger vessels meet Asian market demand

The ‘MSC Arbatax’ is the largest cargo vessel to moor at the Port of Itajaí

To meet the growing demand from the Asian market, Portonave in Brazil now offers the New Ipanema weekly service, operated by MSC, with upgraded vessels of 300 m in length and 48 m beam, with an average capacity of 8,900 teu. Read More »

Port services market stagnating in Russia

Petrolesport OJSC and JSC Sea Port of Saint-Petersburg, the two largest handling enterprises at the port of St Petersburg (Russia), have adjusted their profit outlook. The move is connected to the stagnating maritime shipping market and growing competition. It is expected that earnings for the two companies are set to sink even further in future. Read More »

Surplus of 8,000-10,000 teu vessels looming

Orders of new-build vessels of between 8,000 and 10,000 teu capacity are signalling the possibility of overcapacity, unless shipping companies are thinking ‘outside the box’ or have unusual service developments in the pipeline, warns Drewry. Read More »

Crowley orders gas-powered Conros

Crowley orders the world’s first LNG Conros

US-based Crowley Maritime Corporation has ordered the world’s first environmentally-friendly liquefied natural gas (LNG)-powered container-ro/ro (Conro) vessels for its services between the United States mainland and Puerto Rico. Read More »