New JV Stevedoring Company Handles First Box in Savannah
On Monday at the Port of Savannah, representatives from Gateway Terminals, the International Longshoremen’s Association and the Georgia Ports Authority joined to mark the first container moved under the direction of Gateway, a new joint venture company combining locally the three legacies of Ports America, Ceres Marine Terminals and SSA Atlantic.Ports America, Ceres Marine Terminals and SSA Atlantic have consolidated container terminal, truck gate and stevedoring services under Gateway Terminals to streamline their activities.
MGT Orders Liebherr Ship-to-Shore Cranes
Liebherr Container Cranes, manufacturer in the Republic of Ireland, and Montreal Gateway Terminals Partnership (MGT) have signed a contract for the supply of four ship to shore (STS) container cranes to the Cast Container Terminal in Montreal, Canada.The cranes will be delivered in 2021, said a press note from the manufacturers of ship to shore cranes, rail mounted gantry cranes and rubber tyre gantry cranes.The cranes will easily handle the largest container vessels currently visiting the Port of Montreal and are future proofed to handle even larger vessels of up to 21 container rows across the deck. The cranes will significantly improve…
Maersk Q2 Beats Expectations Amid Trade War
The world's biggest container shipping company AP Moller-Maersk delivers a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.4 bn in Q2 compared to the same quarter last year.Revenue grew slightly to USD 9.6bn, which is on par with last year, and the underlying profit increased to USD 134mln from USD 15mln in Q2 2018.“Q2 was a quarter of solid progress. EBITDA was up 17% and cash flow improved 86% year on year, driven by continued recovery in Ocean,” says Søren Skou, CEO of A.P. Moller – Maersk. On the back of the increases in volume and freight rates, Ocean EBITDA in Q2 increased 25% to USD 1.1bn.
Maersk Reports Higher Earnings for Q1
Danish container shipping and logistics giant AP Moller – Maersk has closed the first quarter of 2019 with a 33% increase in earnings before interest, tax, depreciation and amortization (EBITDA) to USD 1.2bn while revenue grew by 2.5% to USD 9.5bn compared to Q1 2018. Operating cash flow improved significantly to USD 1.5bn and free cash flow was USD 3.5bn, including sale of shares in Total S.A.“We had a good start to 2019. In Q1, revenue grew by 2.5%, operating earnings improved by 33% and cash flow from operations doubled to USD 1.5bn. With a strong free cash flow of USD 3.5bn after the sale of the remaining shares in Total SA., we have significantly strengthened our balance sheet.
Kavan Ratnayaka Appointed as Chairman of Sri Lanka Ports Authority
Kavan Ratnayaka has been appointed the new Chairman of Sri Lanka Ports Authority (SLPA). Ratnayaka assumed duties as the Chairman of Sri Lanka Ports Authority (SLPA) last week.Before his appointment as the Chairman of SLPA, Kavan Ratnayaka served the Chairman of the Sri Lanka Tourism Development Authority (SLTDA). He is also a former Chairman of Associated Newspapers of Ceylon (Lake House).An old boy of Royal College, Kavan Ratnayaka holds a Bachelor of Science degree in (Physics) of the University of California. He has also served as the Country General Manager of IBM Sri Lanka, Chief Executive Officer of Dialog Broadband and the Chief Corporate Officer of Dialog Axiata PLC.Minister of Port…
India to Probe Alleged Antitrust Behavior by Maersk, DP World at Mumbai Port
India's antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark's A.P. Moller-Maersk and Dubai's DP World at the terminals they operate at the country's largest container port in Mumbai, five sources familiar with the matter told Reuters.The decision by the Competition Commission of India (CCI) to investigate follows a complaint by Singapore's PSA International Pte Ltd, which alleged that Maersk and DP World created entry barriers to hinder the growth of PSA's terminal by colluding on certain charges they levy at the state-owned Jawaharlal Nehru Port Trust (JNPT).Handling 66 million tonnes of cargo in the last fiscal year to March, JNPT is critical to India's international trade.
A.P. Moller - Maersk Grows Across the Business
In the third quarter of 2018, A.P. Moller - Maersk progresses in the strategic business transformation, reporting growth in both Ocean and non-Ocean with a total revenue increase of 31% to $10.1bn, 12% excluding Hamburg Süd. Growth in non-Ocean was at 15%, which now contributes 31% of total revenue. In addition, synergy effects were realized.“Well into our transformation, we are progressing with the integration of our business to better serve customers and unlock the full growth potential within Logistics & Services.
Green Marine Elects New Chairman of the Board
President and CEO of the Port of Cleveland, William D. Friedman, was elected chairman of the Green Marine’s Board of Directors following the corporation’s Annual General Meeting on May 31, during GreenTech 2018, in Vancouver B.C. Friedman has been sitting on the Green Marine Board since 2013.The Port of Cleveland is one of the environmental program’s founding members. “I’ve been engaged on the Green Marine board for the last five years, and the Port of Cleveland has adopted a similar commitment as a member.
Maersk Revenue Up 30% YOY in Q1
In Q1 2018, A.P. Moller - Maersk had a revenue growth of 30% to USD 9.3bn, 10% excluding Hamburg Süd, with growth in all business segments and a strategic transformation well underway. A.P. Moller - Maersk reiterates its expectations for 2018 of an underlying profit above 2017 (USD 356m), however noting increased uncertainties due to geopolitical risks, trade tensions and other factors impacting freight rates, bunker prices and rate of exchange. “In the first quarter of 2018, we reported a 30% revenue growth and the integration of the business is well underway with a successful start to the Hamburg Süd integration and the closing of Maersk Oil transaction in March with an accounting gain of USD 2.6bn.
Ottawa Express First Ship in Port of Montreal in 2018
By crossing the downstream limits of the Port of Montreal at Sorel at 11:55 a.m., the Ottawa Express became the first ocean-going vessel to reach the Port of Montreal without a stopover in 2018. The Ottawa Express under the command of Captain Rakesh Kumar, is a container ship operated by Hapag-Lloyd and represented in Montreal by the Robert Reford Agency. The Ottawa Express left the Port of Liverpool, England, on December 21st. It docked late afternoon at Berth 77 at Cast Terminal operated by Montreal Gateway Terminals Partnership, after braving the freezing weather of this beginning of the year. On Wednesday, January 3, as part of an official ceremony…
India's Largest Box Port Hit by Cyber Attack
Operations at one of three terminals at India's largest container port JNPT, near the commercial hub of Mumbai, have been disrupted by the global ransomware attack, the port said on Wednesday. The affected terminal is operated by Danish shipping giant AP Moller-Maersk, which said on Tuesday that the cyber attack had caused outages in its computer systems globally. Clients were notified on Wednesday morning that vessel operations at the terminal would be hit and that the company could not say when normal services would resume, according to one shipping industry source. The port has been trying to clear containers manually, but operational capacity has dropped to a third at the terminal, Anil Diggikar, chairman of Jawaharlal Nehru Port (JNPT), told Reuters on Wednesday morning.
Strike Ends at Mumbai's GTI Container Terminal
Contract workers at an Indian port in the commercial capital Mumbai have called off their nearly a week-long strike that backed up more than 25,000 containers of commodities such as sugar, pulses and rapeseed meal. Loading and unloading ground to a halt due to the strike called by contract workers demanding permanent employment at the Gateway Terminals of India (GTI), one of the three terminals of the Jawaharlal Nehru Port Trust (JNPT) that handles 60 percent of India's container cargo. The GTI terminal is operated by the world's leading shipping company Maersk and Container Corporation of India. "Although we couldn't meet their demand as of now…
JNPort Takes Steps to Regularise Traffic - GTI Shutdown
As Gateway Terminals India (GTI) (one of the private terminal at JNPort, a JV between APM Terminals (APMT) and state-owned rail operator Container Corporation of India) is facing shutdown in operations due to the strike of contractor's employees engaged by Cargotek handling yard crane operations demanding their absorption in GTI pay roll, JNPort has made an all-out effort to regularise the traffic in and around the port. Some of the vessels meant for APMT terminal is being handled at neighbouring terminal of NSICT and NSIGT and JNPCT is handling the reefer export cargoes of GTI. In order to handle these additional vessels over and above their own window vessels, there was lot of pressure on the gates of these terminals and the queue of export Boxes had become long.
Fiera Axium Consortium Buys Montreal Terminals
A consortium led by Fiera Axium Infrastructure Inc. The consortium includes Desjardins Group, via its insurance subsidiaries and its pension plan, Manulife, Fonds de solidarité FTQ and Industrial Alliance. Fiera Axium, an independent portfolio management firm focused on infrastructure investments in Canada and the United States, joined co-operative Desjardins Group, financial services provider Manulife, labour fund Fonds de solidarité FTQ and Industrial Alliance to buy the facility, known as Montreal Gateway Terminals. “Montreal Gateway Terminals represents an essential infrastructure asset” so fits with Fiera Axium’s investment strategy, Stéphane Mailhot, president of Fiera Axium, said in a statement.
WISTA Launched in Sri Lanka
Women’s International Shipping and Trading Association (better known as WISTA), was launched in Sri Lanka on the 03rd July 2014, at the Hilton Residencies Colombo amidst a large and distinguished gathering including the Chairman of the Sri Lanka Ports Authority, Chairmen & Chairpersons of leading Public and Private Sector Organizations and Institutes. WISTA Sri Lanka will function under the Presidency of Ms. Shehara Jayawardana, and consists of a 20 member committee which, to date, has been successful in attracting 49 eminent females from shipping and shipping related industries to join its membership. "We are deligted to welcome WISTA Sri Lanka to our ranks“, stated WISTA President Karin Orsel.
Sanjam Gupta helps Launch WISTA in Sri Lanka
Within two years of the launch in India in 2012, the Women’s International Shipping and Trading Association (better known as WISTA), Ms. Sanjam Sahi Gupta, its Founder President, has moved fast to spread WISTA to the Indian sub continent. Her first significant effort in this direction has been the launch of WISTA in the neighboring country, Sri Lanka on 3rd July, 2014. To commemorate the occasion WISTA hosted a gala program at the Hilton Residencies Colombo amidst a large and distinguished gathering that included the Chairman of the Sri Lanka Ports Authority, Chairmen & Chairpersons of leading Public and Private Sector Organizations and Institutes. Special Guests gracing the occasion were Founder Member and President of WISTA India, Ms.
Montreal Gateway Terminals Implement Navis TOS
Montreal Gateway Terminals Partnership (MGT) and Navis, a part of Cargotec Corporation announce the successful implementation of the Navis N4 terminal operating system (TOS) at MGT. The implementation was a migration from Navis’ legacy software SPARCS and an internally developed data host system to N4, Navis’ latest generation terminal operating system. Located in close proximity to strategic markets in the U.S. and Canada, MGT has an annual TEU capacity in excess of 1.8 MM and services all aspects of terminal operations, including ship, gate and rail operations. Because of its geographic position and industry leadership, MGT is a strategic gateway between North America, Europe, and the Mediterranean for container cargo.
SEACOR Holdings Earnings Dip
SEACOR Holdings Inc. has announced its results for its year and fourth quarter ended December 31, 2013. • For the year ended December 31, 2013, net income attributable to SEACOR Holdings Inc. from continuing operations was $47.2 million, or $2.32 per diluted share, compared with $25.3 million, or $1.22 per diluted share, from continuing operations in the preceding year. • For the quarter ended December 31, 2013, net income attributable to SEACOR Holdings Inc. from continuing operations was $8.4 million, or $0.41 per diluted share, compared with $30.3 million, or $1.36 per diluted share, from continuing operations in the preceding quarter ended September 30, 2013.
Allcargo switches to RTG operation with four Kalmar cranes in India
Allcargo switches to RTG operation with four Kalmar cranes in India. Cargotec has received an order for four all-electric, Kalmar E-One2 rubber-tyred gantry (RTG) cranes from Allcargo Logistics in India. The RTGs are scheduled to start operations in April next year. The order has been booked in the second quarter of 2011. Rapid growth in container traffic moving through the Indian ports has prompted Allcargo Logistics to convert container handling at its container freight station in Chennai and plan new facility near Mumbai using rubber-tyred gantry crane, each with two RTGs.
GTI Orders 11 Kalmar E-One+ RTGs
Kalmar Industries, part of Cargotec Corporation, has made an agreement to supply eleven of its E-One+ rubber-tyred gantry (RTG) cranes to Gateway Terminals India (GTI) at . This latest order, delivery of which will commence in January 2009, follows on from a contract to supply GTI with 29 E-One RTGs delivered in 2006.
CP Ships Appoints Director of Environmental Services
CP Ships Limited has appointed environmental management specialist Dennis Fortune as its first Director of Environmental Services, based in Montreal. Mr Fortune is responsible for leading CP Ships' extensive environmental management program which involves all aspects of the company's operations including marine and terminal activities, hazardous cargo handling, occupational health and safety and compliance with local and international regulations. "We are proud of our environmental management track record and, with Dennis's extensive experience, we look forward to building on our strengths," commented CP Ships' CEO Ray Miles. Mr Fortune has more than 20 years of environmental management experience, most recently as head of his own consultancy, Dennis Fortune Environmental Associates Inc.
CP Ships, FastShip Announce Agreement
CP Ships has signed an agreement with FastShip to assume commercial and marketing management for FastShip's TransAtlantic services. London-based CP Ships is the TransAtlantic's largest container service operator with twelve separate loops, and the seventh largest world-wide. FastShip, headquartered in Philadelphia, is creating a high-speed Transatlantic transport network. allow for pooling opportunities between FastShip and CP Ships. CP Ships is also taking a small equity position in FastShip. "We see FastShip as a complement to our existing range of TransAtlantic services. By including FastShip as another strong brand among our service offerings we will be able to provide a competitive advantage to customers who require high-speed transport that is less costly than air freight…
CP Ships 3Q Results
CP Ships Limited today announced unaudited operating income for third quarter 2004 of $41 million, up from restated $38 million operating income in third quarter 2003. Net income available to common shareholders was $31 million compared to restated $27 million in the same period 2003. Basic earnings per share was $0.34 compared with restated $0.30 in third quarter 2003. EBITDA(A) was $72 million compared to restated $67 million in third quarter 2003. Free cash flow (B) was $95 million for third quarter 2004 and $130 million for January through September 2004. Volume of 578,000 teu was another quarterly record and was up 4% from third quarter last year, driven by growth in the TransAtlantic and Asia.