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Qualified support for IMO container weighing decision

The British International Freight Association (BIFA) is among those giving qualified support to last week’s decision by a sub-committee of the International Maritime Organization (IMO) to approve a compromise proposal for verifying the weight of containers before they are loaded on board ships. Read More »

Westports launches IPO

Port Klang’s largest operator Westports, handling roughly 69% of the port’s container volumes, has launched an IPO to sell a 23.8% stake in the company. Westports will not receive any of the proceeds from the IPO, which is aimed mainly to allow its shareholders which include Malaysia's state investor, Khazanah Nasional Bhd and Hutchison Port Holdings, to cash out part of their stakes. The shares will be listed on the Kuala Lumpur stock exchange from October 18, 2013. Read More »

Polish railways to upgrade line with EUR 235m loan

The upgraded line will allow freight trains to run at 120 km/hour

The European Investment Bank (EIB) is lending EUR 235m (US$ 317.5m) to PKP Polskie Linie Kolejowe (PLK) for the upgrading of 92.5 km of an existing electrified railway line from Warsaw to Radom. This is a continuation of the EIB’s previous cooperation with PLK. Including the current operation, the Bank has provided nine loans to PLK totalling EUR 1.65bn (US$2.23bn)to finance railway modernisation projects across Poland. Read More »

Busy times at Bromma

SCS4 will launch in October

Stockholm-based spreader manufacturer Bromma has reported a healthy order intake between March and August, with a broad global spread. Read More »

Wireless automated reefer monitoring for TecPlata

TecPlata S.A., the Argentinian subsidiary of ICTSI has selected the RAMS Reefer Asset Management System from Identec Solutions to wirelessly automate refrigerated container monitoring and control at its greenfield terminal in Port La Plata, close to Buenos Aires. Read More »

IMO container weight discussions

The verification of loaded container weights is still under discussion

Between September 16-21, 2013 the International Maritime Organization is discussing a draft amendment that will make the verification of the weight of every loaded container through a certified process mandatory. Read More »

ICTSI and PSA to jointly develop Buenaventura’s Aguadulce terminal

Completion of the Aguadulce terminal is scheduled for the first half of 2016

In July 2007, Manila-based International Container Terminal Services Inc. (ICTSI) concluded an agreement to take over Sociedad Puerto Industrial de Aguadulce S.A. (SPIA), which owned 240 ha of land in the Aguadulce Peninsula in Colombia’s Port of Buenaventura which had a 30-year concession granted by the Agencia Nacional de Infraestructura of Colombia to develop, construct and operate a container handling facility in Aguadulce. Read More »