Tuesday , 16 October 2018
Latest News


Port division boosts SAAM results

SAAM incorporated Puerto Caldera in 2017

The Chilean port terminals, logistics and towage company SAAM reported a net income of US$60.4m in 2017, an increase of 11% compared with the previous year. SAAM, which operates in Latin America, reported that sales and earnings before interest, tax, depreciation and amortisation (EBITDA) also performed well, growing by 10% to US$684m and 6.8% to US$181.9m respectively. SAAM CEO Macario ... Read More »

Port of Antwerp to collaborate with Dakar

Antwerp and Dakar port authorities have signed a Memorandum of Understanding (MoU) to collaborate more closely, as the Belgian hub seeks to strengthen its links on the West African coast. The Senegalese port of Dakar for its part views the collaboration as a way to position itself as the main regional hub for freight. Dakar, which has an annual freight ... Read More »

Major carriers launch new Asia – Latin America services

The ACSA 1 service

CMA CGM, COSCO and Evergreen have launched three new combined services between Asia, Mexico and the west coast of South America as the shake-up of the region’s dynamics gathers pace following Maersk’s acquisition of Hamburg Sud. According to the French carrier, the new offer, which begins on April 4, 2018, will provide expanded port coverage: ten ports in Asia, three ports in ... Read More »

Evergreen opts for paperless documentation

Evergreen Line has introduced a paperless Bill of Lading (B/L) and dispatch documentation via its ShipmentLink digital portal, hoping to enhance connectivity for exporters and importers with banks, insurers, regulators, customs and port authorities. The new services, provided in partnership with Bolero International, aim to lower shippers’ costs while making data transfer more accurate, efficient, reliable and secure. Container shippers ... Read More »

Ethiopia takes 19% stake in DP World Berbera Port

The signees played down the possibility of competition with Djibouti

The Ethiopian government will acquire a 19% stake in DP World Berbera Port following the signing of an agreement with the terminal operator and Somaliland Port Authority. The deal comes just days after the neighbouring Djibouti government controversially took control of Doraleh Container Terminal (DCT), which DP World was the operator of, citing its poor performance. DP World will hold ... Read More »

Itajaí gains three new services

APM Terminals (APMT) Itajaí gained three new services in February, expecting to boost monthly container traffic to 36,000 teu. The facility first welcomed the Jacarandá Login, making the first call of a joint Login and Mercosul twice-weekly string serving South America’s East Coast, with calls at Brazil, Argentina and Uruguay, and using Itajaí as a transhipment hub. CMA-CGM’s Brazil Express ... Read More »

Yilport begins dredging at Puerto Bolivar

The project's first phase will take three months

Yilport is to begin the first phase of its dredging programme at Puerto Bolivar in Ecuador at the start of March, hoping to deepen the access channel and the quay side draught at the banana export hub. Parts of the access channel where the draught is currently 8.5 m will be dredged to a flat draught of 10 m mean low ... Read More »

Electric truck trialled at Oakland

More than 6,000 diesel trucks are operational at the port

A battery-powered truck is being trialled at the Port of Oakland to test the feasibility of zero-emission freight hauling. GSC Logistics, a Californian truck operator, said the US$250,000 demonstration truck would be used to transfer containers between its depot and Oakland’s marine terminals during a three-year trial. The 10-tonne semi-trailer vehicle began its trial earlier this month, making it the ... Read More »

PSA awards contract for software design

PSA Marine has awarded a contract to Ernst & Young Solutions to design and develop a software to boost productivity for terminals, vessel operators and vessel charterers. The programme, called Blue 5.0, will employ data analytics and machine learning to predict the duration of pilot journeys within the Port of Singapore more accurately, and thus allow terminals to plan and ... Read More »

Djiboutian government hits back at DP World

The government of Djibouti has rubbished DP World’s claims that it illegally seized the Doraleh Container Terminal (DCT) and said it had the legal right to assume management. The government has hit back at DP World’s assertions and said it assumed operations at the terminal in light of its recent poor performances and to “rectify irregularities in the agreement covering ... Read More »