Friday , 22 November 2019
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Author Archives: Geoff Adam

APMT invests in Colombia

Over US$200m will be invested to upgrade and expand the Cartagena Terminal

APM Terminals (APMT) and the Colombian-based port and terminal operating company, Compañia de Puertos Asociados S.A. (Compas S.A.) have signed a joint venture agreement to jointly manage and operate the latter’s existing multipurpose Cartagena Terminal. Together they will jointly invest over US$200m to upgrade and expand the Cartagena Terminal, including terminal new equipment, tripling its annual throughput capacity to enable ... Read More »

Maersk to fight for market share

After a half-year defined by the low oil price, falling freight rates and intense price competition, Maersk Line has adjusted its strategy, hoping to defend its market position. Following a loss of market share in the first quarter of 2015, the carrier has changed its target from “growing in line with the market to growing at least with the market ... Read More »

Kalmar receives a major order from Colombia

SPRBun has hinted at the possibility of adding automation in the future

Kalmar has been awarded a major port equipment order of more than €25m (US$25m) from Sociedad Portuaria Regional de Buenaventura S.A. (SPRBun) as the operator gears up for growth at its operations in Terminal Especializado de Contenedores de Buenaventura S.A. (TECSA) in Buenaventura, Colombia. The delivery, which includes 14 E-One2 rubber-tyred gantry cranes (RTGs) and six forklift trucks, is scheduled to be ... Read More »

Greek port privatisation fast-tracked

Having agreed new terms with its international lenders, Greece has signed a memorandum of understanding (MOU) stipulating that binding bid dates for the privatisation of the ports of Piraeus and Thessaloniki must be announced by October, according to Reuters. Signing the MOU is a prerequisite for Greece to gain access to a new and third bailout programme of around €85bn ... Read More »

Update: At least 114 dead after Tianjin Port explosion

Burnt out Volkswagen cars at Tianjin port (Photo: Greg Baker/AFP/Getty Images)

As of 17 August, a minimum of 114 people have died after the huge explosion caused by a shipment of explosives in a warehouse for hazardous goods operated by Ruihai Logistics, at the Chinese port of Tianjin, north of Beijing. At least 70 people, mostly firefighters, are still missing while more than 720 people have been taken to hospital and ... Read More »

Strike ends at India’s largest container terminal

Vessels are expected to be back on schedule by the end of the week

An eight-day long strike is over after bringing operations to a standstill at India’s largest container terminal, Gateway Terminals India (GTI) in Mumbai’s Jawaharlal Nehru Port. Rubber-tyred gantry (RTG) crane operators resumed their shifts yesterday morning (12 August) and vessels are expected to be back on schedule by the end of the week. An agreement was reached between the RTG ... Read More »

Panama Canal – Good news for US East Coast ports

Container traffic from Asia to the US could move from West Coast ports to East Coast ports by 2020, following the opening of the expanded Panama Canal, according to the Boston Consulting Group (BCG) and CH Robinson. In a new research report entitled ‘Wide Open: How the Panama Canal Is Redrawing the Logistics Map’, the companies’ say that up to ... Read More »

APMT exits MCT Gioia Tauro

APMT held 33% equity in the Medcenter Container Terminal

On the same day that it announced the purchase of the Vado Ligure Reefer Terminal in North-Western Italy, near Genoa, from the GF Group, APM Terminals (APMT) announced that it had divested its 33% ownership interest in the Medcenter Container Terminal (MCT) at Gioia Tauro. The shares were sold to the majority owner, which is jointly owned by Contship Italia ... Read More »

COSCO and CSCL merger looms – again

Local Chinese media reports state that China Ocean Shipping Company (COSCO) and China Shipping Container Lines (CSCL) have been ordered, by the Chinese authorities, to develop plans towards a much expected merger in order for them to recover from the current slump in the Chinese and international markets. Previous attempts for greater cooperation between the two shipping lines failed in ... Read More »

Terex and Konecranes to combine

US-based Terex Corporation (Terex) and Konecranes Plc of Finland have jointly announced that the two companies will combine to create a single company. The decision has been approved by their respective boards of directors resulting in a definitive business combination agreement and the resulting all-stock merger of equals. Once the transactions are completed, Terex shareholders will own approximately 60% of ... Read More »