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Author Archives: Joe Lo

US Senators warn China may take over Djibouti port

Doraleh Container Terminal, Djibouti

Two US Senators have written to the country’s Secretary of State warning him that China may take over Djibouti port and increase its influence in the Horn of Africa. Republican Marco Rubio and Democrat Chris Coons said they were alarmed that, after Djibouti seized the port from UAE-owned DP World in February and nationalised it in September, it may cede the ... Read More »

Le Havre, Rouen and Paris ports to merge

French Prime Minister Eduoard Phillipe has announced plans to merge the Northern French ports of Le Havre, Rouen and Paris by 2021. The ports are already jointly represented by HAROPA but the government is proposing making them a single public institution. On 15 November, Philippe tweeted about this issue. His words roughly translate as: “In order to have a real ... Read More »

Maersk blames disappointing European imports for weak container trade

Bunker prices rose by 47% in Q3

Maersk has blamed disappointing levels of imports from the UK, Turkey and the Mediterranean from China for “weaker than expected” global container trade figures in the third quarter of 2018. While Maersk increased its volumes by 5% in this quarter, excluding Hamburg Sud, these figures are skewed by the fact that the third quarter of 2017 was when a cyber-attack ... Read More »

Planned new Dutch terminal cancelled

The Kramer Group has announced that it is cancelling its plans to build a container terminal in the Dutch city of Vlissingen. According to local public broadcaster Omroep Zeeland, the company’s commercial director Ted Holleman said that the company and its partners in Vlissingen were not able to gurantee enough containers to make the terminal profitable. Kramer operates a terminal in ... Read More »

Panama Canal Authority to relaunch Corozal project in 2020

The Panama Canal Authority (ACP) is planning to relaunch the concession process to build and operate a new container terminal at Corozal on the Pacific side of the canal in 2020. Following a market study, the ACP is opting for a smaller scale project featuring one fewer berth in the first phase in an effort to reduce the risk to ... Read More »

US studies dredging of Miami harbour

Miami's harbour may be dredged

The US Army Corps of Engineers is studying further dredging of Miami’s harbour to allow bigger ships to pass. Some areas of the harbour’s access channel may be deepened or widened by the US government so that the port can handle 14,000 teu vessels. With the expansion of the Panama Canal in 2016, there has been an increase in the ... Read More »

Oakland’s volumes rise slightly

There have been numerous investments at Oakland

The Port of Oakland has announced that its container volumes have increased by 1% in 2017. The Californian port handled 1.83m teu in 2016 and 1.85m teu in 2017. In its yearly review, the port authority outlined the investments it is making like a 283,000 sq. ft refrigerated distribution centre which will open in the summer of 2018. Construction will ... Read More »

Terminal Link set to buy Libra Terminais

Terminal Link is set to buy the Brazilian terminal operator Libra Terminais, according to Brazilian media reports and a local source familiar with the matter. Terminal Link is jointly owned by CMA CGM (51%) and China Merchant Holdings International (49%) and both companies have individually been trying to buy Brazilian terminals for several years. China Merchants recently bought 90% of Terminal ... Read More »

Italian transshipment troubles hit Contship’s results

Volumes fell at Gioia Tauro

A decline in its Mediterranean transshipment business has led to a fall in Contship Italia’s 2017 throughput volumes. In particular, traffic declined at the company’s Southern Italian transshipment terminals in Gioia Tauro and Cagliari. Traffic at Medcenter Container Terminal, Gioia Tauro, was down 12.5% from 2.8m teu to 2.45m teu and traffic at Cagliari International Container Terminal, on the island ... Read More »

Lisbon’s volumes up 26%

The Port of Lisbon has increased its container throughput to 493,253 teu in 2017. The Portuguese port’s volumes rose by 19% in the year – the highest growth rate of any of the national ports in Portugal. Lídia Sequeira, President of Port of Lisbon Authority, highlights that “these figures are very encouraging, specially because they show that the strategy adopted, ... Read More »