Ports

  • MSC’s Offer to Acquire Hamburg’s Port Operator...

    MSC Mediterranean Shipping Company has reached another key step in its proposed investment in HHLA (Hamburger Hafen und Logistik Aktiengesellschaft) which operates the port of Hamburg. The first phase of the tender offer process was completed on November 20 and is now moving into a mandatory second phase which runs until December 7 with the company reporting good progress to complete the proposed acquisition.

     

  • Container Imports Volumes Defy Projections, But...

    Container import volumes at U.S. ports accelerated into the fall this year defying most expectations and historical peak season declines despite many reports of weak volumes and falling rates. The monthly data from logistics technology platform provider Descartes Systems Group points to surprising strengths while the National Retail Federation is warning that retail imports have likely peaked for 2023.

     

  • Adani Gangavaram Port enhances infrastructure by...

    Adani Gangavaram Port announced the enhancement of infrastructure facilities at the premises by inducting new cargo handling equipment. The step is a part of Adani Gangavaram Port strategic investment plan to enhance capacity and productivity at the port. The cargo handling equipment’s include 2 new Grabs (capacity – 46 CBM each) & 2 new Cargo Hoppers (capacity – 60 MTs each). With a capital outlay of INR 6 Crores the new equipment’s will augment port capability to handle cargo with efficiency and result in shorter turnaround time.

     

  • Hydrogen Era Dawns At San Pedro Bay Ports Complex

    The San Pedro Bay ports’ efforts to help seed a robust green hydrogen market to assist in the pursuit of zero-emissions operations got jump-started this week with an announcement from the U.S. Department of Energy that it will award a grant of up to $1.2 billion to a public-private partnership formed to lead California’s bid to create a hydrogen hub.

     

  • COSCO SHIPPING drives shore power in Hamburg

    The shore power system at HHLA Container Terminal Tollerort (CTT) has successfully proven itself in practice for the first time. At the Hamburger Hafen und Logistik AG (HHLA) terminal, COSCO SHIPPING Taurus was supplied with shore power for the first time as part of a ship integration test this week.

     

  • Divergent Results for SoCal Ports as They Look to...

    Southern California’s two primary ports reported divergent results for June while remaining optimistic that with a resilient economy and tentative longshore labor agreement, they will begin to build back their volumes. The Port of Los Angeles highlighted that it continued on an upward trend for four consecutive months while the neighboring Port of Long Beach said trade was cooling and its volumes stalled. 

     

  • PCT welcomes OOCL PIRAEUS, one of the largest...

    PCT (Piraeus Container Terminal), in a landmark moment in its history, welcomes one of the largest container vessels worldwide (mega container vessels), on its maiden voyage. OOCL PIRAEUS – owned by Orient Overseas Container Line Europe, a subsidiary of COSCO S HIPPING Group – received its name in recognition of the important role played by Piraeus container terminal as a hub for international freight transport.

     

  • Alexandria Container posts 152.1% YoY profit...

    Alexandria Container and Cargo Handling Company (ALCN) has reported a 152.1% year-on-year (YoY) increase in net profit after tax during the period from July 1st 2022 until March 31st 2023, according to the financial indicators filed to the Egyptian Exchange (EGX) on May 28th

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MSC’s Offer to Acquire Hamburg’s Port Operator HHLA Proceeds to Next Phase

MSC Mediterranean Shipping Company has reached another key step in its proposed investment in HHLA (Hamburger Hafen und Logistik Aktiengesellschaft) which operates the port of Hamburg. The first phase of the tender offer process was completed on November 20 and is now moving into a mandatory second phase which runs until December 7 with the company reporting good progress to complete the proposed acquisition.

 
English

Container Imports Volumes Defy Projections, But Retailers See Q4 Declines

Container import volumes at U.S. ports accelerated into the fall this year defying most expectations and historical peak season declines despite many reports of weak volumes and falling rates. The monthly data from logistics technology platform provider Descartes Systems Group points to surprising strengths while the National Retail Federation is warning that retail imports have likely peaked for 2023.

 
English

Adani Gangavaram Port enhances infrastructure by inducting new cargo handling equipment

Adani Gangavaram Port announced the enhancement of infrastructure facilities at the premises by inducting new cargo handling equipment. The step is a part of Adani Gangavaram Port strategic investment plan to enhance capacity and productivity at the port. The cargo handling equipment’s include 2 new Grabs (capacity – 46 CBM each) & 2 new Cargo Hoppers (capacity – 60 MTs each). With a capital outlay of INR 6 Crores the new equipment’s will augment port capability to handle cargo with efficiency and result in shorter turnaround time.

 
English

Hydrogen Era Dawns At San Pedro Bay Ports Complex

The San Pedro Bay ports’ efforts to help seed a robust green hydrogen market to assist in the pursuit of zero-emissions operations got jump-started this week with an announcement from the U.S. Department of Energy that it will award a grant of up to $1.2 billion to a public-private partnership formed to lead California’s bid to create a hydrogen hub.

 
English

COSCO SHIPPING drives shore power in Hamburg

The shore power system at HHLA Container Terminal Tollerort (CTT) has successfully proven itself in practice for the first time. At the Hamburger Hafen und Logistik AG (HHLA) terminal, COSCO SHIPPING Taurus was supplied with shore power for the first time as part of a ship integration test this week.

 
English

Divergent Results for SoCal Ports as They Look to Rebuild Volumes

Southern California’s two primary ports reported divergent results for June while remaining optimistic that with a resilient economy and tentative longshore labor agreement, they will begin to build back their volumes. The Port of Los Angeles highlighted that it continued on an upward trend for four consecutive months while the neighboring Port of Long Beach said trade was cooling and its volumes stalled. 

 
English

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