Friday, March 3, 2017

Market Briefing from WorldCargo News Online

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Market Briefing

Muted rate rise on the TransPac
Container freight rates on the key Asia to US West Coast trades do not look likely to increase as much as carriers had hoped....
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ICTSI leaves Portland
ICTSI Oregon, Inc. and the Port of Portland have mutually agreed to terminate the 25-year lease on the Port's Terminal 6 container facility....
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Zim reveals heavy losses in 2016
Despite rigorous efficiency and cost cutting programmes, which saw the unit cost of moving a container cut by 14%, compared with 2015, Haifa-based Zim Integrated Shipping Services still posted a heavy loss in 2016....
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Samudera Shipping sees 2016 results slump
Indonesia's container, bulk and tanker shipping company Samudera Shipping saw its revenue slump 18% to US$260.5M in 2016....
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Hapag-Lloyd down in 2016 but offers positive outlook
Hamburg-based Hapag-Lloyd has reported sharply lower turnover and profit figures for its latest fiscal year, which ended December 31, 2016....
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Record profit for Finnlines
Finnlines, which is owned by the Naples-based Grimaldi Group, posted a record profit of €68.1M in 2016....
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Contractor appointed for Dundee project
Following a detailed tender process, Forth Ports has appointed Southbay Civil Engineering to deliver one of the largest investments in the history of the port of Dundee...
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FELB adds Milan part-load
Far East Land Bridge Ltd has added a new LCL service, linking Suzhou and Milan, via Duisburg...
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Gantrex and Oleo agreement
After many years working together, Gantrex and Oleo International have announced an exclusive distributor agreement in over 100 countries worldwide for Oleo's Industrial line of hydraulic buffers....
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TICO launches CNG terminal tractor
The new "pilot" CNG terminal tractor is powered by a PSI 8.8-litre engine...
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Kalmar books hybrid carriers
Kalmar has reported new orders for shuttle and straddle carriers, along with a significant delivery of reach stackers...
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"Illogical port choices by liner alliances"
According to Drewry, the choice of port call is often not in line with carrier terminal ownership interests. It headlines its release "illogical"...
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WABCO launches OptiFlow AutoTail and Tail
US-based WABCO Holdings, Inc has announced the North America premiere of OptiFlow AutoTail and OptiFlow Tail as part of its showcase of aerodynamics technologies at TMC Annual Meeting and Transportation Technology Exhibition...
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Germany-Croatia intermodal
Rail Cargo Group, part of Austrian state railways company OBB, has started a regular block train service between the port of Rijeka and Ludwigshafen, via Munich...
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Milaha files lower profits for 2016
Against a difficult trading background, Qatar Navigations' sales were down 14% last year and profits fell by 35%...
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PEMA reports three new members
The Port Equipment Manufacturers' Association has reported that three companies have joined recently - Bedeschi SpA,Velodyne LiDAR, Inc and Samson Materials Handling...
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Interferry head calls for EU engagement
Mike Corrigan, the incoming CEO of global trade association Interferry will advocate greater European Union involvement and investment in the ferry sector during an address on the opening day of European Shipping Week...
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New strads arrive in Southampton
DP World Southampton has taken delivery of eight new 1 over 2 Kalmar straddle carriers as part of a fleet investment and modernisation programme...
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People on the move
Round-up of latest appointments known to WorldCargo News in the shipping, ports and allied industry sectors...
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