Wednesday , 15 August 2018
Latest News

Author Archives: Emmanuel Mair

Kalmar to supply three RMGs to DCT Gdansk

DCT Gdansk is the premier terminal in the Baltic

Kalmar has agreed to supply three electrically powered rail-mounted gantry cranes (RMGs) to Deepwater Container Terminal (DCT) Gdansk with specific customisation. The order, booked in Cargotec’s 2018 third quarter order intake, follows a recent DCT order of five rubber-tyred gantry (RTG) cranes that took place in the first quarter of 2018. The RMG deliveries are scheduled to take place in ... Read More »

Higher fuel prices hurt Yang Ming’s half-year results

A 25% increase in average fuel prices drove up operating costs for Yang Ming in the first half of 2018, causing the carrier to suffer a net loss of NTD5.76bn (US$ 195m). The shipping industry still shows an oversupply in tonnage, noted the Taiwanese company, while average freight rates in the first half year were about 10% lower compared with ... Read More »

Five feeder lines opt for StowMan stowage planning

Five feeder liners, including Tehama Shipping and Transinsular, have selected the on-premise stowage planning solution StowMan, provided by Navis. The partnership aims to improve vessel stowage planning and an effective load list handling in order to optimise vessel utilisation and port calls. The trend of mega vessels and alliances has increased the inbound and outbound connections of feeder vessels, which ... Read More »

OOCL to operate independently following COSCO takeover

The addition of OOCL's fleet will make COSCO bigger than CMA CGM

Orient Overseas Container Line (OOCL) will continue to operate independently upon closing of the US$6.3bn acquisition by COSCO Shipping, which will make the Chinese carrier the world’s third largest shipping line. An online Q&A posted on COSCO’s website pointed out that the pair of carriers will maintain existing operational models and management channels while operating independently under the dual-brand strategy ... Read More »

Djibouti government’s seizure of Doraleh terminal ruled illegal

The London Court of International Arbitration (LCIA) has ruled that the Djibouti government’s seizure of Doraleh Container Terminal (DCT) from DP World in February 2018 was illegal. An arbitral tribunal ruled that DCT’s concession agreement remains “valid and binding” notwithstanding a law and several decrees, which were meant to empower the government to terminate its infrastructure agreements. Law 202 and ... Read More »

Sany launches harbour cranes in Europe

Sany's RTG unit

Sany Europe has added a complete portfolio of harbour cranes to customers located in Europe with immediate effect. The range originates from the manufacturer’s existing supply and will consist of ship-to-shore (STS) cranes from 35 tonnes to 80 tonnes and mobile habour cranes from 41 tonnes to 210 tonnes. In the yard, there are also rubber-tyred gantry (RTG) cranes and ... Read More »

Panama Canal handles 4,000th Neopanamax transit

The Panama Canal has registered the 4000th transit of a Neopanamax vessel through the expanded canal following its opening in June 2016. Of the 4,000 vessels that have transited to date, roughly 52% have been from the container segment. Liquefied petroleum gas (LPG) vessels constitute another 27%, and liquefied natural gas (LNG) carriers, a relatively new segment to the Panama ... Read More »

Drewry: Container terminal utilisation levels to rise

Drewry's projections

Healthy container port demand growth alongside subdued levels of capacity expansion mean that average terminal utilisation will rise markedly by 2022 according to Drewry’s latest report. The medium term outlook for global container port demand growth is positive thanks to strong underlying economic momentum across the world’s major economies, it said. While there may be clouds on the horizon in ... Read More »

PSA makes first foray into Canadian market

PSA International has signed an investment agreement to acquire 60% of the Ashcroft Terminal (AT) business, marking its entry to the Canadian market. AT is an inland port facility in western Canada, located approximately 300 km east of the Port of Vancouver (PoV), comprising 320 acres of free-hold industrial land. It is the only major privately-owned industrial property in Canada ... Read More »

King Abdullah Port enjoys 51% rise in volumes

Rayan Qutub, CEO of King Abdullah Port

King Abdullah Port, located on Saudi Arabia’s west coast adjacent to the Red Sea, has achieved a very strong first half of 2018 with container volumes up by 50.5%. The port handled 1,236,075 teu in the first six months of the year, building on growth of 21% in 2017. Rayan Qutub, CEO of King Abdullah Port said: “Since the launch ... Read More »