Yesterday at Virginia International Gateway (VIG), US East Coast, survey crews began the preparatory work commencing a USD 320 mln three-year expansion project that will nearly double the terminal’s annual capacity, announced the Virginia Port Authority press release. The project is the first of two large-scale expansion projects that, when complete in 2020, will increase […]
The port of Koper, Slovenia, inaugurated on Tuesday the crane rail tracks and the two new RMG cranes which are to substantially increase train loading capacity at the container terminal, as announced in its press release. The RMG technology has never been applied in Luka Koper before. The introduction of the new technology required the […]
On February, 10, container terminal operator Hutchison Port Holdings Trust (HPH Trust) published its 2016 results. The throughput of its deep-water ports fell by 6% as compared with year 2015. The volumes of Yantian International Container Terminals (YICT) dropped by 4%, to 11.697 mln TEU (12.166 mln TEU in 2015). The combined throughput of its Hong […]
Petrolesport Ro-Ro terminal (PLP) in St.Petersburg, Russia has finished unloading new E-Class vessels of United European Car Carriers (UECC), Europe’s leading short sea Ro-Ro operator, writes PortNews. The terminal successfully handled 3 vessel calls which brought 1,840 cars and 370 heavy trucks. The cargo was delivered to PLP within a regular service Southampton – Zeebrugge […]
Noatum, Spain’s leading company in port operations and logistics, has changed its corporate structure, announced the company’s press release. All non-container terminals in the ports of Santander, Sagunto, Málaga and Barcelona will be included in Noatum Maritime, whereas container terminals in Valencia, Bilbao and Las Palmas as well as the dry ports of Madrid and […]
On January, 29, the global port and terminal operator DP World took over operations at the port of Limassol (Cyprus) from the Cyprus Port Authority. In late April 2016, following a bailout plan between Cyprus and international creditors, the Government of the Republic awarded DP World a 25-year concession to operate Limassol multipurpose terminal handling break bulk, general and […]
The Federal Anti-Monopoly Service of Russia (FAS) and A.P.Moller-Maersk A/S have negotiated a settlement agreement on the cartel case, writes today Russian business newspaper Vedomosti. FAS does not disclose the details of the agreement. The service’s representative has said that on February, 13 there will be a court hearing where the agreement may be approved. […]
Dubai-based port and terminal operator DP World Limited handled 63.7 mln TEU across its global portfolio of container terminals in 2016, as announced in today’s press release of the company. This represents a 3.2% growth of gross container volumes year-on-year on a reported basis, and 2.2% on a like-for-like basis (excluding 4 terminals opened or […]
The Federal Anti-Monopoly Service of Russia (FAS) has fined 5 major shipping lines RUR 1.5 bln (approx. USD 25 mln) for cartel actions, writes TASS news agency. At the end of 2015, FAS declared that A.P.Moller-Maersk A/S, CMA CGM SA, Hyundai Merchant Marine Co., LTD, Orient Overseas Container Line Limited and Evergreen Marine Corp. Ltd […]
End of last week Terminal Investment Limited (TIL), a port operating subsidiary of MSC, confirmed the acquisition of Hanjin’s stake in Total Terminals International (TTI), a company which leases and operates container terminals in the ports of Long Beach and Seattle on the West Coast of the United States. The deal includes all of Hanjin’s […]
