Archive

CMA CGM’s net income fell by 68% in the third quarter to US$103.1m as higher fuel prices affected unit costs, offsetting a rise in throughput on multiple trades. Unit costs rose by 7.7% (US$77 per teu), mainly due to the market price of fuel, resulting in an increase of US$55 per teu compared to the third quarter of 2017. The ... Read More »

As PSA Panama expands its capacity to 2m teu, it has received a wide range of handling equipment including 37 terminals tractors and 37 container chassis from Global Port Equipment (GPE). GPE, which offers sales, rental, spare parts and maintenance, has also supplied 2+1 empty container handlers, a 16-tonne forklift truck and 2+1 reachstackers. It has additionally received a repeat ... Read More »

French company Soget has launched EasyBrexit, a service designed to enable cross border automated port controls and that aims to reduce physical inspections of roll-on roll-off (ro-ro) traffic. In close collaboration with French customs, port authorities, ferry companies and road hauliers, Soget will provide an e-freight corridor based on a digitalised anticipation of information flows related to cross-Channel goods. The ... Read More »

Hutchison Ports has launched a weekly international rail service that connects its Barcelona Europe South Terminal (BEST) with Lyon in order to develop Barcelona’s hinterland connections. The service makes BEST the only container terminal in Spain that offers direct rail services to shippers in European countries with UIC gauge and the service will gradually increase in frequency over the coming ... Read More »

PSA International has purchased four new CVS Ferrari trucks for its Voltri Terminal Europa (VTE) container terminal in Genova, Italy. The order includes two model ECH10.7 mast type empty container handlers that can stack 10 tonne containers up to seven high and two laden container reachstackers in the RS3 model. The RS3 reachstackers have a first row capacity of 46 ... Read More »

COSCO Shipping Ports (CSP) has signed a memorandum of understanding for the addition of two new berths at the COSCO-PSA Terminal (CPT) in Singapore. With the launch, the facility will be equipped with five mega-vessel berths, increasing its annual handling capacity from the 3m teu of the current three berths to about 5m teu. According to the partners, the extra ... Read More »

Hapag-Lloyd has unveiled its new mid-term strategy, with the core focus on customer orientation rather than expanding the size of the company. Under Strategy 2023, the carrier sets out that further consolidation amongst the largest industry players is less attractive due to decreasing incremental scale benefits. The German line is more than two times larger than it was in 2014 ... Read More »

Busan Port Authority (BPA) and the Port of Rotterdam Authority have signed a letter of intent (LOI) for the allocation of a 5-10 ha site on the Maasvlakte Distribution Park West. The South Korean hub wants to develop a sustainable warehouse at the site to be used by multiple, mainly Korean, service providers. Combined with a previous LOI signed for ... Read More »

The Port of Valencia handled more than 5m teu in the 12 months between November 2017 and October 2018, with volumes increasing by 4.8%. Full containers advanced by 3% to 3.87m teu, mainly to a strong import performance, with full inbound containers rising 11%. Transit containers were also up by 2% although full container exports maintained their downward trend, falling ... Read More »

Antwerp Port Authority and its consultancy and investment subsidiary Port of Antwerp International (PAI) have signed a collaboration agreement with Enabel, the Belgian development agency, aiming to further the sustainable development of ports in developing countries. Belgium’s development strategy involves finding and supporting suitable growth centres in particular countries while ports offer a particular attraction due to their role in the supply chain. ... Read More »