Philippines-based port operator International Container Terminal Services, Inc. (ICTSI), has announced today the unaudited consolidated financial results for the quarter ended March 31, 2017, posting a 23% increase in net income: USD 51.7 mln against USD 42.2 mln earned in the first quarter last year. According to the report, the operator’s consolidated throughput grew by 11% […]
Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with China attracting investment to the country’s port and shipping infrastructure, during his visit at the Belt and Road Forum for International Cooperation, inform Greek media. The Forum will be held in Beijing on May 14-15, with the attendance of 28 state leaders, […]
The European Investment Bank (EIB) announced on Wednesday an allocation of a loan in the amount of EUR 75 mln to ZAL Port (Zona d’Activitats Logístiques), the logistics platform of the Port of Barcelona. The loan is backed by the guarantee of the Investment Plan for Europe, the so-called “Juncker Plan”, and was made possible with […]
Navis, a leading provider of operational technologies for terminal operators and ocean carriers (part of Cargotec Corporation), has announced this week that Brazilian Tecon Rio Grande container terminal (Tecon RG), a subsidiary of Wilson Sons Group, successfully upgraded to the N4 terminal system. Focusing on modernizing operations, Tecon RG has recently invested over USD 40 […]
The US Federal Maritime Commission (FMC) has rejected the merger of the three Japanese container shipping lines K Line, Mitsui O.S.K. and NYK on “jurisdictional grounds”, informs The Loadstar. The matter will now be referred to the US Department of Justice (DoJ), which could delay or halt the proposed joint-venture. As we wrote earlier, aiming […]
Severe port congestion that Shanghai has been suffering since the beginning of April, eased slightly by the end of the month, however may last till late May, as carriers and forwarders warn their customers. During the week of April 16 to 22, the average vessel arrival delay decreased from 53.1 hours to 51.2 hours and the […]
Iran has recently proposed to India to manage Phase 1 of its port of Chabahar, informs India’s The Economic Times. This confirms India’s presence in this strategic gateway to landlocked Afghanistan and other Central Asian markets. Located on the southeastern tip of Iran, Chabahar is the country’s only oceanic port. As it lies outside the Persian […]
Maersk Line has estimated that 10 weeks of dockworkers conflict in Spanish ports in February-March 2017 resulted in EUR 12 mln of direct operating costs for the company, not including the loss of customers caused by the crisis, informs Spain’s El País quoting the company’s official statement submitted to the country’s government. Once Spanish stevedores […]
The Port of Rotterdam’s Additive Manufacturing Fieldlab (RAMLAB) and its software partner Autodesk have successfully produced the first 3D-printed pilot component for the maritime industry, informs Autodesk. A ship’s propeller was made using a hybrid manufacturing process combining wire and arc additive manufacturing, with the help of industrial robotic arms, with subtractive machining and grinding […]
French shipping group CMA CGM and Indian port developer Adani Ports and Special Economic Zone (APSEZ) yesterday signed a joint venture agreement to operate a new container terminal (CT4) at Mundra Port, in the Indian state of Gujarat, CMA CGM reports. The agreement implies a joint running of the facility by APSEZ and CMA CGM’s […]
