Port Terminals News

At SAAM’s annual general meeting last week, Chairman Óscar Hasbún outlined the objectives for the company's new phase, following the sale of the port terminals and inland logistics division."SAAM has robust solvency and liquidity indicators and a solid capital structure for this new cycle where our objective is clear: to become a leading global operator in the towage business and a regional leader in airport logistics. We are already a benchmark in both businesses and have developed a unique operating model…

Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while vessels were stranded inside the port after traffic was halted following a bridge collapse, shipping data showed on Tuesday.A 948-foot container ship smashed into a four-lane bridge in the port in darkness early on Tuesday, causing it to collapse and sending cars and people plunging into the river below.Port traffic was suspended until further notice, Maryland transportation authorities said.At least 13 vessels that were expected to load coal were anchored near to Baltimore port…

France's CMA CGM has completed a $5 billion takeover of Bollore Logistics, its biggest-ever acquisition, and said it had funds for more deals as it seeks to counter volatility in container shipping.The acquisition of the logistics division of French conglomerate Bollore, announced last year, closed on Thursday at a final price of 4.85 billion euros ($5.25 billion) after debt and cash adjustments.The deal will extend the reach of CMA CGM's CEVA Logistics unit into areas such as freight management for pharmaceutical, cosmetics and luxury firms.CMA CGM, based in Marseille and privately controlled

Argentina's Parana River, a global grains thoroughfare, reopened to shipping traffic on Tuesday after a grounded ship was freed, though vessels were told to load less grain while the damage to the channel was assessed.Shipping traffic had been snarled after the ship Clara Insignia, loaded with wheat, ran aground near the waterway's main channel and was stuck for several days, blocking the channel down river from the Rosario grains port hub.The bulk carrier was freed late on Monday…

Emissions regulations continue to become more stringent for ports, pushing more port authorities and terminal operators away from diesel and gasoline and toward alternative energy sources like propane. Capable of powering essential port applications like yard tractors, forklifts, and other cargo handling equipment (CHE), propane is available now to support ports in achieving emissions reduction goals.The Propane Education & Research Council often gets questions about what refueling infrastructure looks like and what to expect when transitioning to propane-powered terminal equipment.

CMA CGM said on Friday its profit fell in the third quarter as a COVID-era boom in shipping continued to fade, but its volumes picked up as a destocking trend in the United States was offset by brisk demand in other parts of the world.The French-based shipping giant was cautious about next year's outlook, with the prospect of a recovery in global trade - as U.S. firms finish destocking - tempered by expectations of modest economic growth and an influx of new vessels.CMA CGM, privately controlled by the Saade family…

For centuries, riverside communities, including the "quilombola" descendants of enslaved Africans who escaped from plantations and ranches, have shared Xingu Island in Brazil's Amazon Basin.Its inhabitants live in brightly painted wooden houses overlooking rivers where small boats crisscross between islands and Abaetetuba city on the mainland to trade fish, seeds and fruits gathered from the Amazon forest in their backyard.In 2016, however, strangers docked on Xingu Island, in Para state…

The shipping industry lacks clarity on future clean fuels and regulatory systems which is holding back companies from replacing ageing vessels amid pressure to decarbonise faster, U.N. agency UNCTAD said on Wednesday.Shipping, which transports over 80% of world trade and accounts for nearly 3% of the world's carbon dioxide emissions, has faced calls from environmentalists and investors to deliver more concrete action, including a carbon levy."We call for global action to decarbonise shipping.

Unions hope a $30 million grant to electrify tractors in a Long Beach, California, port terminal's final push to become the world's first zero-emissions facility will serve as a bulwark against lost jobs in an era of energy transition and increasing automation. The money from U.S. President Joe Biden's administration for Long Beach Container Terminal's purchase of 60 electric yard tractors that haul shipping containers from stacks to waiting trains comes with strings attached…

SAAM reported comparable net income of $18.9 million for the first quarter of 2023 (-19%). This figure excludes $1.3 million in extraordinary accounting losses related to the binding agreement to sell the port terminal and associated logistics operations to Hapag-Lloyd.Sales totaled $218.1 million (+8%) and consolidated EBITDA $67.7 million (-4%)."During the period we saw a decrease in volumes at our port and logistics operations, mainly due to less dynamic trade in Chile, while cargo at our foreign terminals remained stable.

The Canadian government has approved a marine container terminal expansion project in Delta, B.C., following a environmental assessment process that started in 2013.The Roberts Bank Terminal 2 Project includes building new land and a new three-berth marine container terminal near existing port terminals at Roberts Bank in Delta, B.C., about 35 kilometers south of Vancouver. The project will incrementally deliver an additional 2.4 million twenty-foot equivalent units (TEU) of capacity…

Most of the media coverage of offshore wind development in the United States focuses on the leases of the offshore areas where the wind turbines will be located. However, equally important is the landside dimension of these projects, including the manufacture, installation, maintenance and operation of the turbines. Several awards made in the last two rounds of funding under the Port Infrastructure Development Program (PIDP) show how offshore wind now offers an additional direction of port development for which funding is available.

SAAM shareholders at an extraordinary shareholder’s meeting on Tuesday approved a deal valued at about $1 billion to sell 100% of the shares of its subsidiaries SAAM Ports and SAAM Logistics, as well as the real estate assets belonging to the logistics business, to the German liner shipping company Hapag-Lloyd.The agreement, first announced earlier this month, consists of selling SAAM’s stakes in the 10 port terminals it operates in six countries in the Americas (five are in Chile)…

Staff shortages caused by an ongoing strike over wages are impacting container and car terminals at South Africa's Durban port, one of the busiest on the continent, a unit of state-owned logistics company Transnet said on Tuesday.Transnet, which manages South Africa's freight rail network and ports, declared force majeure last week after its workers went on strike over a wage dispute.In an update on its website, Transnet Port Terminals said the strike had impacted waterside and landside operations at its Durban port…

Crowley has appointed Bob Karl as senior vice president and general manager of the company’s new business unit, Crowley Wind Services. As Crowley elevates the scope of its offerings in wind energy, Karl will lead the company’s wind services team in the strategic development and expansion of services to support the emerging sector. The development of a wind service business unit will see the company continue to leverage its expertise and assets to provide landside and marine logistic solutions throughout the wind lifecycle.

South Africa's major port of Durban, where operations were disrupted by severe flooding last week, is now functional and a backlog of thousands of containers will be cleared within five to six days, the public enterprises minister said on Tuesday.The floods caused extensive damage to roads leading to Durban port, one of the busiest shipping terminals in Africa and a key hub for exports like metals and agricultural commodities and imports like fuel.Scientists believe the southeastern…

Argentine ship workers will stage a 24-hour strike on Thursday to protest what they call delays by the government in awarding tenders to the sector, although the action is not expected to affect activity at key grains ports in and around Rosario.The Maritime, Port and Naval Industry Federation (Fempinra) announced the strike on Tuesday, less than a week after protests by grains truck drivers snarled up transportation of soy and corn right in the middle of the harvest season.Worker protests have grown more common in the South American country, the world's top exporter of processed soy and no.

There’s often an upside to being among first-movers in an emerging industry, but many are often stifled by the risk inherent to new ventures. For Crowley, which today is leading the charge on a number of maritime fronts such as sustainability and decarbonization, the jump into U.S. offshore wind is being made with diligent planning, a team of experts, solid partners and 130 years of maritime and supply chain logistics experience in hand, each of which will help to mitigate the risk that comes with growing a new industry.Also key…

Belarus President Alexander Lukashenko expects Russia to build a new Baltic Sea port for exports of Belarusian potash which were hit by Western sanctions, he said on Friday after he met Russian President Vladimir Putin.The two leaders met as Russia held military exercises in Belarus as part of a buildup of troops near Ukraine that has prompted Western warnings of an imminent Russian invasion. Moscow denies any such plan and says such warnings are dangerous.Belarus' state-owned Belaruskali is the world's second largest producer of the crop nutrient potash.

South African freight logistic firm Transnet said on Tuesday the force majeure communicated by its port terminals to customers would be "lifted soon" after progress was made in restoring its IT systems following a cyber attack.Transnet said terminals are berthing vessels as planned and are facilitating loading and discharge operations with the shipping lines."Some applications may continue to run slowly over the next few days, while monitoring continues. All operating systems will be brought back in a staggered manner, to minimize further risks and interruptions," Transnet said in a statement.

SAAM, a provider of port, towage and logistics services in 14 countries in the Americas, reported net income of $55.5 million for the nine months ended September 2021, up 40% from the January-September period in 2020. EBITDA reached $202.3 million and sales totaled $548.9 million, marking rises of 28% and 29%, respectively (all consolidated figures).Figures for the quarter were also positive: Net income was $18.8 million (+162% with respect to 3Q2020), Sales totaled $192.6 million…

The Port of Los Angeles is beginning the hard work of convincing terminal operators, importers, warehouses owners and trucking firms to embrace moving more cargo at night."It's not a single lever we can pull today to open up all the gates," Executive Director Gene Seroka said on Thursday.On Wednesday, the White House gathered stakeholders including retailers Walmart and Home Depot, logistics firms United Parcel Service and FedEx, and electronics supplier Samsung. The companies…

Crowley Maritime Corporation on Thursday opened a new Rhode Island office for its New Energy division, to advance the development and operation of offshore wind energy installations.The new office, the opening of which was announced by Crowley and Rhode Island Governor Dan McKee, is located at CIC Providence in the Innovation and Design District.Crowley's plan is to provide landside and marine logistics solutions during all phases of the offshore wind lifecycle to customers throughout the United States.