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Author Archives: Emmanuel Mair

Four cranes raised at the Port of Oakland

OICT is Oakland's busiest terminal

Four ship-to-shore (STS) cranes at Oakland International Container Terminal (OICT) have been raised by 27 ft following a year-long crane-raising project. Stevedoring Services of America (SSA) operates OICT and managed the US$14m crane-raising project in partnership with the Port of Oakland. These higher gantry cranes can reach over an additional three levels of stacked containers on a big ship’s deck. ... Read More »

Strong results for COSCO Shipping Ports

Revenue leapt by 80% for COSCO Shipping Ports (CSP) to US$495.5m in the first half of 2018, driven by increasing trade volume and more calls from the Ocean Alliance. Total throughput increased by 27% to 56.7m teu, including volumes from Qingdao Port International (QPI) which have been included since May 2017. Excluding QPI, throughput increased by 13.3% to 47.3m teu ... 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 »

Hapag-Lloyd orders 11,100 reefer containers

Hapag-Lloyd has ordered 11,100 reefer containers to be integrated to its existing fleet of 91,000 units with deliveries beginning in August and scheduled to be completed by December 2018. The production of the new reefers has already begun, with the first series of 40 ft containers. As many as 2,000 of the new containers will be equipped with Controlled Atmosphere ... Read More »

Sales and order intake up for Bromma

Both sales and order intake grew for Bromma during the first half of 2018, signalling a positive outlook for the container handling equipment market. The spreader manufacturer maintained a “strong” market share in North America while the company gained a “significantly better” market share in the Asia Pacific region. Lars Meurling, marketing director at Bromma, said: “It is obvious that ... Read More »

Konecranes to deliver five eRTGs to Luka Koper

Luka Koper first ordered RTGs from Konecranes in 2004

The Port of Koper operator in Slovenia, Luka Koper, has ordered five electric rubber-tyred gantry (eRTG) cranes from Konecranes. Each of the units, which will be delivered in the summer of 2019, will be equipped with cable reels featuring an auto plug-in system. It is hoped that the machines will deliver environmental benefits thanks to their electic operation including regenerative ... Read More »

Hapag-Lloyd launches digital quotation tool

Hapag-Lloyd has opened an online digital quotation tool called Quick Quotes to the public, hoping to enable shippers to simplify and speed up their quotation process for container shipments. The tool aims to generate online quotations for container shipments in seconds and provide clients transparency on the detailed pricing. This is meant to enable a faster, easier and more convenient ... Read More »

Slight improvements in throughput and financials for HHLA

Hamburg's largest terminal operator recorded steady growth

Hamburger Hafen und Logistik AG (HHLA) saw container throughput growth of 1.2% in the first half of 2018, mainly driven by a 4.1% increase in Asia traffic. Container segment revenue rose by 2.2% to €380m (US$432m) outstripping throughput growth due to a lower feeder ratio. Group revenue increased by 1.6% while the group operating result (EBIT) rose by 1.1%, owing ... Read More »