Monday , 22 October 2018
Latest News

Archive

Indian terminal expands intermodal connections

Container Corporation of India (Concor) has signed a deal to run weekly  trains from Kandla International Container Terminal (KICT) to various inland container depots across the country. Concor has been running trains between KICT and a depot in Jodhpur since February, and will now extend its services to depots in Ludhiana, Tuklakabad, Kodiyar and Khanej, among others. Concor will also ... Read More »

Konecranes wins Lithuanian 12 unit order

Konecranes has won a repeat order for ten rubber-tyred gantry (RTG) cranes and two ship-to-shore (STS) cranes from the Port of Klaipeda, Lithuania. The order, made by the Lithuanian stevedoring company JSSC Klaipedos Smelte, will be delivered in two parts, with the RTG cranes arriving in Novemeber 2019 and the STS cranes arriving in December 2019. Rimantas Juška, general director of ... Read More »

Gothenburg volumes bounce back

Gothenburg faced labour troubles last year

Container volumes at the Port of Gothenburg rose by 19% in the first six months of the year, with throughput at the Swedish port growing to 378,000 teu. The growth is high resulting from the fact that last year’s figure was historically weak due to a labour dispute at APM Terminals (APMT) Gothenburg which impacted customers’ willingness to use the port. ... Read More »

Kalmar secures Shanghai order

The Kalmar reachstacker (left) and empty container handler (right)

Shanghai International Port Group (SIPG) has placed an order for four reachstackers and  11 empty container handlers with Finnish manufacturer Kalmar for its terminals in Shanghai. The new equipment will join a fleet of 100 Kalmar reachstackers, empty container handlers, forklifts and terminal tractors upon their arrival in the third quarter of 2018. Alex Tang, sales director of Kalmar China, said: ... Read More »

Transnet reports throughput growth

  South Africa’s government-owned logistics company, Transnet, recorded a 6.1% increase in throughput in the 2017/18 financial year, handling 4.67m teu. The company also recorded a 6.5% increase in railed automotive and container volumes, and attributed both sets of growth to the deployment of new-generation locomotives on the network and continuing progress towards the road-to-rail strategy. Transnet has ordered 1,064 locomotives at ... Read More »

APMT volumes up following Hamburg Süd integration

Latin American volumes were up

APM Terminals (APMT) recorded 7.9% increase in moves in the first half of the year, handling 7.6m equally-weighted moves (EqW). During the year’s second quarter, EqW were up by 7.6% to 4.2m, with APMT attributing the growth to the integration of Hamburg Süd with Maersk Line which subsequently prompted positive developments in Latin America. In the Americas, second quarter volumes ... Read More »

Guayaquil to benefit from new hinterland connection

The Ecuadorian government will build a 44.2 km road connecting Guayaquil Port with the country’s south-central coast and highlands to improve links with national production centres. International Container Terminal Services, Inc. (ICTSI), which operates Contecon Guayaquil, the largest terminal at the port, said the Guayaquil South Viaduct project could boost foreign trade and the national economy. Jose Antonio Contreras, CEO of Contecon ... Read More »

Maersk squeezes out profit despite higher bunker prices

Maersk registered a profit of US$26m during the second quarter of the year although this was hit by a rise in bunker prices. Søren Skou, CEO of A.P. Møller – Mærsk, said: “Profitability was significantly impacted by higher bunker prices in Q2 and remained at unsatisfactory levels. “For the rest of the year we expect improvements in our profitability driven ... Read More »

Up to 260m teu in container handling capacity expected to be built by 2023

Planned capacity expansions until 2023

About 350 expansion projects target to supply 260m teu in additional container handling capacity by 2023, with execution rates expected to vary regionally from 40% to 70%, according to a report from DS Research. Developers are in general too optimistic regarding the expansion of existing facilities or the construction of greenfield sites, noted the German analysis provider. The scope and timing of ... Read More »

Healthy revenue growth at DP World

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

DP World has enjoyed a strong first six months of 2018 with revenue increasing by 14.4% to US$2.6bn, supported by container volume growth and the impact of new acquisitions including Drydocks World LLC (Drydocks), Dubai Maritime City (DMC) and Cosmos Agencia Marítima (CAM). Like-for-like revenue increased by 3.0% driven by a 4.6% increase in total containerised revenue. Profit dropped 2.1% ... Read More »