Terminal Division News

The cargo handling solutions and services provider, Kalmar has concluded an agreement with Dublin Ferryport Terminals (DFT) to extend the Kalmar AutoRTG system at the terminal with two new AutoRTG cranes.The order was booked in Cargotec's 2019 Q2 order intake, with delivery of the machines scheduled to be completed during Q2 of 2020, Kalmar, part of Cargotec, said. Part of the container and terminal division of Irish Continental Group, DFT operates the most modern container terminal at Dublin Port, with an annual throughput of approximately 380,000 TEU. The order forms part of DFT's ongoing investment programme focused on ensuring the terminal is equipped with the latest technologies to support future growth.

Odfjell SE has reported its results for Third Quarter 2018. The results reflect a stable chemical tanker market and stable underlying results from Odfjell Terminals when adjusting for the Rotterdam terminal.Odfjell SE reports EBITDA of USD 32 million compared with USD 37 million in the previous quarter.Highlights for the third quarter of 2018:• EBITDA of USD 27 million from Odfjell Tankers compared to USD 28 million in second quarter• ODFIX was down 2.0% for the quarter compared…

Asia CEO said ports have resumed releasing cargo; will discuss settlement, liability issues with customers. Maersk said it was too early to predict the financial impact of last month's global Petya cyber attack that hit the shipping giant's computers and delayed cargoes, but added that normal operations had resumed at its ports. A.P. Moller-Maersk, Danish owner of the world's biggest container shipping line, operates 76 ports via its APM Terminal division and was one of the many firms hit by the ransomware virus along with Russia's Rosneft and advertising agency WPP. For the shipping sector, this was among the biggest-ever disruptions given Maersk handles one out of seven containers shipped globally.

Stolt-Nielsen Limited today reported unaudited results for the second quarter ended May 31, 2015. Net profit attributable to shareholders in the second quarter was $42.5 million, with revenue of $500.7 million, compared with a net profit of $38.7 million, with revenue of $487.7 million, in the first quarter of 2015. Net profit attributable to shareholders for the first six months was $81.2 million, with revenue of $988.4 million, compared with $49.4 million, and revenue of $1,060.1 million, in the first half of 2014. Stolt Tankers reported an operating profit of $30.4 million, up from $19.0 million, mainly reflecting lower bunker fuel prices, an improved spot market and the favourable impact of the stronger U.S. dollar.

Irish Continental Group, the company behind Irish Ferries, posted a 9.6pc increase in revenue last year (2014) in taking Euro 290.1 million. ICG's ferry division grew by 14 percent - and its container & terminal division grew by 2.6 percent. Its pre-tax profits were €56.7m - up from €23.7m in 2013. Its earnings before interest, tax, depreciation and amortization (ebitda) rose by 2.6 percent to €50.5 million. This expansion was bolstered by the addition of the new "Epsilon" vessel that was added to the Irish Ferries fleet. The new vessel allowed the company to 18 additional sailings every week between Dublin and Holyhead, as well as a weekly round trip between Dublin and France. Underlying fuel prices were lower but the new ferry meant the ferry division's fuel costs went up.

Fednav Limited held a reception on board one of its vessels, the Federal Mayumi, at the Port of Cleveland yesterday to celebrate a trio of anniversaries: the 70th year since the founding of the company, 55 years of continuous general cargo liner service from FALLine and 50 years since the establishment of its terminal division, FMT (Federal Marine Terminals). Guests on board, representing clients of the company, heard remarks from Mark Pathy, President and co-CEO of Fednav Limited…

In a comment John B. McGuckian Chairman stated, ‘‘This was a positive half years trading with increases in revenue and operating profit driven mainly by higher freight carryings and lower fuel costs, partially offset by weaker passenger markets. In the prior year the group disposed of its subsidiary Feederlink and the comparatives set out in the Interim Management Report have been restated to exclude trading from discontinued operations. The Board of Irish Continental Group plc (ICG) reports that, in the seasonally less profitable first half of the year, the group recorded revenue of €120.9 million compared with €117.0 million in the same period in 2012, an increase of 3.3%.

MSC (Mediterranean Shipping Company) closes the 35% sale of  its Terminal Division (Terminal Investment Limited SA) to Global Infrastructure Partners (GIP). MSC and Global Infrastructure Partners and a group of its LP Co-Investors have closed the transaction through which GIP has acquired 35% of Terminal Investment Limited SA from MSC. The closing follows obtaining the relevant approvals. Terminal Investments Ltd. has grown rapidly over the last decade and is now the world's sixth largest container terminal operator. The new strategic partnership between MSC and GIP will provide a strong foundation to support TIL's continued growth, including further acquisitions and investments.

Tankship & terminal storage owners/operators Odfjell also noted significant losses at their Rotterdam terminal in its Q4 2012 report. Jan A. The chemical tanker market improved seasonally towards the end of the year. Volumes shipped remained on par with the previous quarter. Earnings on a time-charter basis were up 7.8% compared to third quarter. Freight rates per tonne shipped increased by about 10%. The average price on bunkers purchased in the quarter remained high. In fourth quarter, with the exception of Odfjell Terminals (Rotterdam) (OTR), the EBITDA for our tank terminals remained on par compared with previous quarter. In December…

With reference to the stock exchange announcement 13 December 2010 in which Odfjell announced a process to evaluate strategic alternatives for its Rotterdam tank terminal, the Company today informs that it has entered into a letter of intent to form a strategic partnership with affiliates of US-based private equity firm Lindsay Goldberg LLC. The selection of Lindsay Goldberg follows a careful review and discussions with various interested parties. According to the proposed transaction…

Associated British Ports Holdings Plc is reorganizing top management at its American Port Services subsidiary, including appointing Douglas Tipton as head of the Seaport container terminal division. Tipton has been president and chief executive officer of U.S. shipping firm Contship Containerlines Inc for the past three years. He has extensive experience of the container industry, having also worked at Mitsui OSK, Maersk and Sea-Land. Seaport will become one business unit under his leadership, with all U.S. terminals reporting to him. Ozzie Moore will continue to head the U.S. aviation services division Amport. Moore and Tipton will report directly to ABP's chief executive Bo Lerenius. As a result, Tim Chadwick, chief executive of APS, will be leaving the group.

Associated British Ports Holdings Plc has appointed Douglas Tipton as head of the Seaport container terminal division at its American Port Services subsidiary, and will reorganize top management including the appointing. Tipton has been president and chief executive officer of Contship Containerlines Inc. for the past three years. He has extensive experience of the container industry, having also worked at Mitsui OSK, Maersk and Sea-Land. Seaport will become one business unit under his leadership, with all U.S. terminals reporting to him. Seaport operates six terminals for car exports and imports, mainly on the U.S. east coast. Ozzie Moore will continue to head the U.S. aviation services division Amport. Moore and Tipton will report directly to ABP's chief executive Bo Lerenius.