Friday , 18 October 2019
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Author Archives: Alistair Ross

Sri Lanka Ports Authority posts net profit growth

The Jaya Container Terminal

The Sri Lanka Ports Authroity (SLPA) posted a revenue of Rs45.6bn (US$289.56m) in 2017, with net profit growing from Rs1.03bn (US$8.26m) in 2016 to Rs13.3bn (US$84.46m). The SLPA’s state-run terminals suffered a difficult first three quarters in 2017, especially the Jaya Container Terminal (JCT), but they bounced back in the fourth quarter as the authority posted throughput growth of 9.2%. ... Read More »

Panama Canal adds daily slot

The Panama Canal has added an additional daily booking slot to its neo-panamax locks, taking the total to eight. The additional slot will be effective from the start of June, 2018 to meet increased demand following the Canal’s expansion two years ago. Jorge Quijano, Panama Canal Administrator, said: “This increase allows us to offer our customers even more flexibility, and ... 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 »

PSA launches trade facilitation platform

The platform will cost SG$20m in its first phase

PSA has announced a new platform to ease interactions within the supply chain by reducing data duplication, improving data flow and providing up-to-date status visibility. The Calista platform, estimated to cost SG$20m (US$15.1m) in its first phase, will connect parties within the supply chain by working with national trade, regulatory and other supply chain platforms to facilitate cross-border trade and ... Read More »

ITF calls for greater green policies in ports

The International Transport Forum (ITF) has recommended a set of measures to bring down greenhouse gas (GHG) emissions in ports in line with the Paris Climate Agreement. The body acknowledged that around one-third of the world’s 100 largest ports currently offer financial incentives to mitigate GHG emissions, but argued these initiatives need to be expanded. Some US ports offer cheaper ... Read More »