Thursday , 19 September 2019
Latest News

Author Archives: Alistair Ross

Bin Sulayem: DP World has no plans to invest in America

DP World CEO Sultan Ahmed bin Sulayem said the operator has ruled out investing in American ports for the time being. Bin Sulayem said operational costs in America were too high but refused to rule out future investments in a wide-ranging interview with CNBC. Bin Sulayem said: “The problem is the port operation in the States is more expensive than ... Read More »

Trump announces US$1.5tn infrastructure plan

Port projects are targeted in the infrastructure plan

President Trump has announced an infrastructure program which he claimed would ‘stimulate’ at least US$1.5tn in new investments, including for port projects. However the program, outlined in a 55-page legislative document, would not see the US government invest US$1.5tn directly if approved by Congress. Instead it would authorise spending US$200bn on projects, which Trump hopes would then stimulate US states ... Read More »

Hamburg posts flat 2017

The Port of Hamburg

Container volumes at the Port of Hamburg fell by 1% to 8.8m teu in 2017 which the port attributed to delays in dredging the Elbe and economic sanctions on trade with Russia. Throughput of loaded containers remained flat at 7.6m teu while volumes of empty boxes fell by 88,000 teu to 1.2m teu. According to the facility, the restrictions in ... Read More »

UK government claims Russia was behind NotPetya cyberattack

The UK government has blamed its Russian counterpart for the NotPetya cyber-attack in June 2017 that crippled Maersk and APM Terminals’ (APMT) operations. The attack could cost Maersk up to US$300m, and the UK Foreign Office claimed the Russian military ‘almost certainly’ launched the virus-based attack. The initial targets were said to be Ukrainian financial, energy and government sectors, but ... Read More »

Forwarder joins Maersk-IBM blockchain initiative

Logistics prover Agility has become the first forwarder to collaborate on the Maersk-IBM blockchain solution initiative. The solution will aim to provide more efficient and secure methods for conducting trade by using blockchain to manage and track containers. In collaborating, Agility has agreed to share and receive information on individual shipments using this new technology. Essa Al-Saleh, CEO of Agility ... Read More »

Yilport’s terminals register 9.5% throughput growth in strong 2017

Yilport's Turkish terminals performed particularly well

Throughput at Yilport’s terminals grew by 9.5% to 4.3m teu in 2017 which the company attributed primarily to growing Turkish trade and Swedish exports. At Yilport’s Turkish container terminals Yilport Gebze and Yilport Gemlik volumes rose by 26% and 30% to 501,284 teu and 474,019 teu respectively. Yilport said the growth at Gemlik was supported by ongoing port expansion. The ... Read More »

Gdansk eyes further growth after strong 2017

Gdansk will add two ship-to-shore cranes later this year

Volumes at DCT Gdansk swelled by 24% in 2017 as container throughput at the Polish terminal fell just shy of 1.6m teu. The strong year was attributed to the full operational introduction of DCT Gdansk’s second terminal, T2, which doubled the facility’s capacity. Cameron Thorpe, CEO at DCT Gdansk, said: “The introduction of T2 facilitated the continued growth of our ... Read More »

Kalmar to service Swedish Yilport terminals

Kalmar has secured a contract for maintenance work at Yilport’s three Swedish cargo terminals: two in Gävle and one in Stockholm. The flexible Kalmar Care agreement covers maintaining terminal equipment such as container cranes and reach-stackers, and includes fixed-price maintenance coverage for both rental and owned equipment. Kalmar will also offer 24/7 on-call coverage. Eryn Dinyovszky, Nordic regional general manager ... Read More »

Swissterminal announces new company structure

Swissterminal will bundle its activities into two divisions

The Swiss logistics provider Swissterminal has announced plans to restructure its company to allow a stronger focus on various business areas and entering new markets. The company will bundle its activities into two divisions: one for operational activities and another for non-operational activities. As a result, the current Swissterminal Holding AG will be split up and a new holding, 2M-Holding, ... Read More »

HHLA posts strong 2017

Germany’s Hamburger Hafen und Logistik (HHLA) reported a strong financially and operationally as throughput rose by 8.1% to 7.2m teu. At HHLA’s three terminals in Hamburg throughput rose by 8.3% to 6.9m teu while in Odessa, Ukraine, volumes rose by 3.4% to 0.3m teu. According to preliminary audits, HHLA’s group revenue rose by 6% to €1.25bn (US$1.53bn), while operating result ... Read More »