Sunday , 17 February 2019
Latest News


Lase adds six more truck lift prevention systems at Incheon

Lase has installed its truck lifting prevention (TLP) system on six HHMC rail-mounted gantry cranes at Sun Kwang Container Terminal (SNCT) in the Port of Incheon. The 2D-laser scanners are meant to detect truck liftings, which occur when any twistlock is locked or jammed, before the lifting from a truck has begun. During the second quarter of 2018, another 14 systems ... Read More »

Drewry: Lessors gaining control of container equipment market

Newbuild prices were stable in 2017

Leasing companies accounted for 55% of container purchases last year as the move towards container leasing and away from carrier ownership continues unabated according to a report from Drewry. With the fleet of containers owned by transport operators growing by a mere 2.4%, the leased fleet added 6.7% and the share owned by lessors is now nearing 52%. Drewry’s director ... Read More »

DP World and Virgin Hyperloop One combine to make hyperloop for cargo

The system can operate at up to 300 m/s

DP World and Virgin Hyperloop One have partnered to launch DP World Cargospeed, aiming to provide hyperloop-enabled cargo systems to transport palletised cargo. The new company will cater to high-priority on-demand goods, delivering freight at the speed of flight and closer to the cost of trucking. In particular, it will focus on time-sensitive goods such as fresh food, medical supplies ... Read More »

APM Terminals’ CCO moves to Associated British Ports

Associated British Ports (ABP) has appointed Henrik Pedersen, chief commercial officer at APM Terminals (APMT) since January 2017, as its new chief executive. Pedersen will take up his new role in August 2018 following 20 years of experience in a range of leadership roles across A.P. Moller-Maersk’s portfolio. He stated: “With ABP handling around 25% of the UK’s seaborne trade, ... Read More »

Bolloré Group CEO investigated for corruption

Vincent Bolloré, chairman and CEO of Bolloré Group

The chairman and CEO of Bolloré Group is subject to a formal corruption investigation involving concessions for terminals in Guinea and Togo. Vincent Bolloré is being investigated by French police for allegedly aiding political campaigns in exchange for lucrative concession agreements in the Port of Conakry, Guinea and the Port of Lomé, Togo. A Bolloré Group subsidiary, Havas, allegedly provided ... Read More »

UK ports call for Brexit clarity

The UK Major Ports Group (UKMPG) has urged for greater clarity on the practicalities of timings and arrangements for the UK’s departure from the European Union (EU). UKMPG, a body of port operators and authorities in the UK, said the issue of Britain remaining within the EU’s Customs Union, a topic which was recently discussed in parliament, ‘must be secondary’ ... Read More »

Konecranes reports mixed first quarter

Konecranes’ port solutions sector reported a year-on-year loss of 8.5% in orders received in the first quarter of 2018, as operating profit fell by 1.1% to €3.1m (US$3.75m). The company’s orders received totalled €226.2m (US$273.83m) and Konecranes said orders in Europe, Middle East and Africa (EMEA) and the Americas fell due to the timing of projects, which subsequently impacted on ... Read More »

DP World starts 2018 strongly

Group chairman and CEO of DP World, Sultan Ahmed bin Sulayem

DP World reported year-on-year container growth of 7.3% as throughput at its global terminals rose to 17.6m teu in the first quarter of 2018. The operator cited particularly good performance in Europe, the Middle East and Africa (EMEA), and also in Australia. Sultan Ahmed bin Sulayem, group chairman and CEO of DP World, said: “While the trade environment may appear ... Read More »

US terminal holds up COSCO-OOIL deal

OOIL operates Long Beach Container Terminal

Concerns over the ownership of the Long Beach Container Terminal are holding up COSCO Shipping Holding’s acquisition of Orient Overseas International (OOIL), according to The Wall Street Journal (WSJ). WSJ reported that the Committee on Foreign Investment in the US (CFIUS) is wary of the Chinese state-owned company taking control of the terminal, which is currently operated by Hong Kong’s ... Read More »

Puerto Rican terminal signs deal with Navis

Puerto Rico’s Luis Ayala Colón terminal will integrate Navis’ terminal operating software (TOS), N4, after signing a partnership with the American software company. The terminal’s operations have been hindered since Hurricane Maria, which severely damaged Puerto Rico’s infrastructure in 2017, and the operator has chosen N4 to overcome these challenges as well to improve daily operations. Hernan Ayala-Parsi, president of ... Read More »