TIL to become sole owner of MCT in Gioia Tauro 
Contship Italia and Itaterminaux, an affiliate of Terminal Investment (TIL), have inked a share purchase agreement concerning the sale of 50% of CSM Italia Gate, the company which owns 100% of MCT (Medcenter container terminal). MCT is the concessionaire of container... more
Container throughput index takes a dive
The container throughput index published by the German research body Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI - Leibniz) and the Institute of Shipping Economics and Logistics (ISL) fell to 133.9 according to February’s flash estimate. The index stood at... more
Some lateral movement for HHLA in FY/2018
The German service provider Hamburger Hafen und Logistik (HHLA) was successful in financial year 2018 as it outperformed its already strong 2017 result. Despite a harsher market environment in H2/2018, container throughput increased slightly, due in part to the integration... more
Bernhard Schulte Cruise: full speed ahead
Bernhard Schulte Cruise Services (BSCS) has won a contract to provide technical management for Jalesh Cruises’ new vessel, the “Karnika”. The 70,285-tonne, 2,000-seater crown princess-class cruise ship is presently undergoing comprehensive refurbishment at Sembcorp’s marine... more
CCCC signs a contract with the port of Trieste
The port of Trieste (Italy) and the China Communications Construction Company (CCCC) will join forces to facilitate the development of infrastructure in central Europe. Zeno D’Agostino, president of the port system authority of the eastern Adriatic, and Song Hailang, the... more
OOIL publishes its results for 2018
OOIL and its subsidiaries report a profit of USD 108.2 million for 2018, compared to USD 137.7 million in 2017. Total throughput amounted to 6.7 million teu last year, compared to the 6.3 million teu handled in 2017. 2018 was a landmark year in the development of OOIL. In... more
New equipment for Servicios Logisticos Portuarios
Servicios Logisticos Portuarios SLP, a cargo handler at the port of Bilbao, is purchasing five heavy-duty forklift trucks. Their manufacturer Kalmar will have completed the deliveries by early Q3/2019. A number of older Kalmar forklifts are already in service at the Spanish... more
Wind in Teesside's sails
Northeast England-based PD Ports says it supports the offshore wind sector deal agreed by the industry and the UK government. The deal declares that a third of all UK electricity will be produced by offshore wind by 2030. The industry is growing across Teesside and is now... more
Yang Ming: rising revenue and volumes
The Keelung (Taiwan)-based carrier Yang Ming reported a net loss of USD 218.5 million in 2018. The company said that the shortfall was due to the ever greater impact of bunkering prices on operating results. However, there was some good news. According to a stock exchange... more
Thinking big in Jaxport 
The increasing dominance of large containerships has not passed the maritime ports of the US state of Florida by either. Jaxport is set to team up with an old local partner, SSA Marine, to expand its international container terminal, which is used by the major alliances. more