Friday, August 14, 2015

Market Briefing from WorldCargo News Online

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Market Briefing

Enter Konecranes Terex plc
Konecranes and Terex Corp will merge to form a "leading global lifting and material handling and solutions company through an all-stock merger of equals."...
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AP Moller-Maersk profits well down in Q2 2015
Copenhagen-based AP Moller-Maersk Group (APMMG) has reported a significant drop in profits for Q2 2015, with the US$1.1B earned comparing with US$2.3B in the corresponding period of 2014....
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APM Terminals into Colombia
APMT and Compas SA will invest US$200M investment in upgrades and equipment to handle post-panamax vessels in Cartagena...
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Port explosions rock city of Tianjin
Several containers caught fire before the enormous warehouse explosions that devastated a huge swathe of Tianjin Port on Wednesday night, Chinese authorities said today....
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Kalmar books €25M deal in Colombia
Kalmar, part of Cargotec, has been awarded a major port equipment order from long-standing customer Sociedad Portuaria Regional de Buenaventura SA...
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Cosco and CSCL to merge?
A merger between China's two largest liner shipping companies, Cosco Container Lines (Coscon) and China Shipping Container Lines (CSCL), now seems increasingly likely....
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Solid market for US Seaway ports
While July Seaway traffic fluctuated across the various categories, US ports handled a wide range of cargoes...
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Carisbrooke introduces TIP vessels
Carisbrooke Shipping has recently taken eight modern 8000 dwt general cargo vessels into its commercially-managed fleet...
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Sir Neville Bowman-Shaw
Sir Neville Bowman-Shaw, one of the leading figures in the fork lift truck industry, has died at the age of 84...
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ACP imposes Panama Canal restrictions
A severe drought in Panama has led to the Panama Canal Authority (ACP) cutting the draught of ships transiting the canal...
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SCCT "side-channel" dredge starts
Hot on the heels of the opening of the new Suez Canal last week comes the announcement from the Suez Canal Authority (SCA) that work on a new side-channel for East Port Said is to commence...
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Auckland announces automation plans
Ports of Auckland in New Zealand has started the process for introducing automation to part of its container terminal operation....
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APMT acquires Savona facility
APM Terminals has acquired 100% of Reefer Terminal SpA from GF Group...
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UPS for London Gateway
Parcels giant and leading NVOCC UPS has submitted an application to build a DC at DP World London Gateway...
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Houston up 5% in 1H/2015
In the first half of 2015, The Port of Houston Authority handled nearly 20 Mt of cargo, a growth of 5% year-on-year...
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Evergreen to boost intra-Asian presence
Evergreen Group has signed an agreement with CSBC Corporation, Taiwan for 10 2800 TEU class B-type vessels...
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K Line receives San Pedro Bay ports awards
K Line has received awards for achieving a high compliance rate for the vessel speed reduction programmes from both the ports of Los Angeles and Long Beach, for 2014...
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ICTSI net income down 1% in 1H/2015
Net income fell 1% to US$100.4M, but recurring net income was up by 20%. Throughput grew 9% to 3.9M TEU, with revenues up 8% to US$552.1M and EBITDA up by 12% to US$237.4M...
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Teesport rail service launched
DB Schenker Rail UK and PD Ports have launched their first rail freight service from Teesport in Middlesbrough to Mossend and Grangemouth in Scotland...
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SCCT to buy more cranes
Egypt's Suez Canal Container Terminal (SCCT), located in East Port Said, is to take delivery of four more super post-Panamax STS cranes as it prepares to handle an increased number of large ships with higher deck stows...
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