Tuesday , 19 February 2019
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Author Archives: Lacey Jones

DP World begins construction of Free Trade Warehousing Zone at JNP

The project is the second investment under the joint venture Hundustan Infralog Private Limted

DP World has begun construction of the US$78m Free Trade Warehousing Zone (FTWZ) project at Jawaharlal Nehru Port (JNP). The project is the second investment under the Hundustan Infralog Private Limited (HIPL), a joint venture between DP World and the National Investment and Infrastructure Fund (NIIF). DP World owns 65% of the joint venture, while NIIF owns 35%, which was ... Read More »

ICTSI inaugurates Georgian terminal expansion

BICT ribbon cutting

International Container Terminal Services Inc. (ICTSI) inaugurated the expansion of its Batumi International Container Terminal (BICT), which aims to optimise the process of existing cargo flows and install additional capacity. The inauguration was attended by the Georgian minister of economy and sustainable development Giorgi Kobulia and the chairman of the government of the Autonomous Republic of Ajara Tornike Rizhvadze. Senior ... Read More »

Kalmar partners with Cummins for electric terminal tractor offering

Kalmar has chosen Cummins as the electrification solution provider for its terminal tractor offering as the manufacturer aims to offer electrically powered options across its entire equipment portfolio by 2021. Due to be launched in 2020, Kalmar’s Electric Terminal Tractor (KT2E) will be equipped with a 107 kWh lithium-ion battery capable of DC fast charge, allowing operators to charge during ... Read More »

Container throughput strengthens Port of Rotterdam results

Container throughput reached 14.5m teu

Container throughput at the Port of Rotterdam reached a high of 14.5m teu in 2018, a growth of 5.7% year-on-year, although crude oil, mineral oil products and agribulk fell. Growth in the container sector was led by full import containers and transhipment, which saw a 4.5% increase in tonnage, and led to a gain in market share in the Hamburg-Le ... Read More »

DP World sues China Merchants Port Holdings over Djibouti Port

DP World has sued China Merchants Port Holdings Company (CM Port) over infringement of its exclusive port agreement with the Djibouti government. The UAE-based port operator accused CM Port of causing the Djibouti government to revoke DP World’s exclusive right to run the country’s ports in a legal filing obtained by FactWire. The concession agreement between DP World and the ... Read More »

Turkish economy and Latin America growth boosts Yilport Holding’s results

Robert Yuksel Yildirim, chairman of Yilport Holding

Yilport Holding has recorded an excellent year as its worldwide terminals handled a total of 6.41m teu containers in 2018, representing a 5% year-on-year increase. The growth was mainly driven by the strong export performance of the Turkish economy, banana exports in Ecuador and containerisation investments which positively affected Latin America’s growth. In Turkey, throughput at the Yilport Gebze terminal ... Read More »

Piraeus, Venice and Chiogga agree to strengthen cargo flow

Pino Musolino, president of the North Adriatic Sea Port Authority and Captain Fu Chengqiu, CEO of Piraeus Port Authority S.A

The Port Authority of Piraeus’ CEO and the President of the North Adriatic Sea Port Authority has signed a Memorandum Of Understanding (MOU) with the aim to strengthen relations and cargo flows between the two ports. The two parties have plans to support infrastructural connectivity policies and port services aimed at fostering the commercial flows between Europe, the Mediterranean and ... Read More »

SAAM to acquire all joint operations with Boskalis for US$201m

Sociedad Matriz SAAM S.A has signed a US$201m deal to acquire all towage operations jointly controlled with Royal Boskalis Westminster N.V. (Boskalis) in Brazil, Mexico, Panama and Canada. Once the deal is finalised, SAAM will own 100% of operations in these companies and as a result, will acquire 49% of the business in Mexico, Panama and Canada and 50% in ... Read More »

Strong end-of-year results for Kalmar

Kalmar’s financial statements revealed a 23% year-on-year increase in orders, at a total value of €1,991m (US$2,254m), boosted by several major orders placed throughout 2018. By the end of the period, the manufacturer’s order book saw a 29% increase to €1,012m (US$1,145m) and at a total value of €1,618m (US$1,832m), sales steadily grew by 1%. Mika Vehviläinen, Cargotec’s CEO, said: ... Read More »

Steady growth for Konecranes in 2018

Konecranes has recorded a steady growth for 2018, with a significant 26.9% year-on-year increase in order intake for the fourth quarter mostly attributed to two large orders. The two orders were 54 automated rail-mounted gantry cranes (ARMGs) to Khalifa Port in Abu Dhabi, announced in October, and an order for a single large process crane. Order intake for the whole ... Read More »