Cosco Acquires Stake in Greek Intermodal Firm
OceanRail Logistics, part of the Cosco Shipping Group, acquired 60% of the Greek railway company Piraeus Europe Asia Rail Logistics (PEARL) as part of its plan to develop its intermodal transport services network.OceanRail specializes in sea-rail intermodal transport with the Piraeus Port as the hub and related logistics business, while PEARL is a Greece-based company engaged in railway operations.The China-Europe Land-Sea Express Line, which starts from the Piraeus Port in Greece and expands to the hinterland of Central and Eastern Europe…
First Metrans Vectron Released
Rail freight operator Metrans received the first Vectron multi-system locomotive at its container terminal in Prague.The vehicle is part of an order of ten multi-system locomotives. They are being manufactured in the Siemens Mobility factory in Munich-Allach and will be delivered in full by spring 2020.Metrans will deploy the new Vectron locomotives in transnational freight traffic across Central and Eastern Europe.“We are very happy to have received the first of ten Vectron locomotives from Siemens Mobility at our location in Prague.
Gdansk Ports Aims to be Gateway to Baltic
Europe’s fastest growing port, the Port of Gdansk, has outlined huge expansion plans designed to double its cargo volumes to 100m tonnes a year, during a high-level maritime and business delegation from Poland to Singapore.The delegation marks 50-years of diplomatic ties between the countries and is being organized with PSA International, the Singapore based global ports group. In May this year PSA International formally acquired DCT Gdansk, the largest container terminal in Poland…
ThyssenKrupp Expands EU Logistics Network
German industrial group thyssenkrupp AG. Materials Services is investing around 70 million euros in the modernization and expansion of its European warehousing and logistics network.A state-of-the-art logistics center and new warehouses are to be built in Germany, Poland and Hungary, said thyssenkrupp Materials Services.The distribution and service provider of the thyssenkrupp Group said that the investments are an important part of thyssenkrupp Materials Services’ strategy.
China Launches Intermodal to Hungary
A new freight train service has been launched linking Jinan, capital of east China's Shandong Province, and Budapest, capital of Hungary, making it the newest China-Europe freight train route.According to Xinhua, this is the fifth freight train service Jinan has opened to Europe and Central Asia.The city's port and logistics office said that goods can now reach 12 countries in Europe and Central Asia through the train routes.The report said that cargo trains have made 81 journeys from Jinan to Europe and Central Asia in the first half of this year…
MOL Group On Track to Meet 2019 Guidance
Hungarian international oil and gas company MOL Group delivered an EBITDA of USD 1.15bn in H1 2019, exactly half of the full-year 2019 guidance.Upstream EBITDA was 10% lower in H1 2019 at USD 553mn, as higher volumes were more than offset by lower oil and gas prices. The segment remained the largest free cash flow generator of the Group. Average daily hydrocarbon production was 111.8 barrels of oil equivalent per day (boepd) higher by 2% year-on-year.Downstream Clean net income EBITDA amounted to USD 403mln in H1 2019, 18% lower year-on-year.
AWT Adds Three New Vectrons
Czech freight transport operator Advanced World Transport (AWT), a member of PKP CARGO Group, which is a leading logistics operator in Europe, on 1st July 2019 took over three new multisystem Vectron A17 locomotives from Siemens Mobility in Velim.AWT is complementing fleet of eight multi-system locomotives, which will be used for shipments across Europe and help to implement the PKP CARGO Group development strategy.The AWT Group currently runs a total of seven multisystem locomotives…
EIB to Invest in Sustainable Transport
The European Investment Bank (EIB) approved a total of EUR 4.5 billion (USD 5bln) of new financing that will tackle investment gaps hindering private sector growth, including replacement of old buses and trains.The new EIB support will directly back projects in 23 countries, it said.The EIB agreed EUR 611 million of new financing to support energy transition, reduce carbon emissions and scale up renewable energy.This includes backing new solar power in Zambia and wind farms in Portugal…
ICTSI Intros New Terminal in Croatia
The Croatian subsidiary of International Container Terminal Services Inc. (ICTSI) at the Port of Rijeka, Adriatic Gate Container Terminal (AGCT) is set to realize a comprehensive expansion plan in the period up to mid-2020.AGCT, in cooperation with the Rijeka Port Authority, has drawn up plans for a two-phase dredging scheme with the first phase fully-approved, entailing the dredging of 130 meters of quay over its Berths 1 and 2. This will facilitate the berthing of vessels with a length overall (LOA) of up to 400 meters.
Most Victims Found in Hungary Collision, Search Goes On
Bodies of all but nine of the 28 victims of a deadly boat crash in the Hungarian capital have been recovered in an intensive search up and down the Danube involving units on water, air and land, Hungarian police said on Friday.The Mermaid, a pleasure boat carrying 33 South Korean tourists and two Hungarian crew, capsized and sank on May 29 after a large cruise liner struck it from behind as both vessels passed under a bridge in the centre of Budapest.Seven Koreans were saved and 19 bodies have been recovered so far in the worst accident in more than half a century on Europe's longest river. Among those still missing and presumed dead are the Hungarian captain and a Korean child.The recovery operation…
Salvage of Sunken Budapest Boat Begins
Divers found a body in the wreckage of a pleasure boat on Wednesday a week after the vessel capsized and sank on the River Danube in Budapest, officials said, as crews prepared for salvage operations.An estimated 28 people died when the Mermaid boat, carrying 33 South Korean tourists and two Hungarian crew, went down on Wednesday last week after colliding with a cruise liner.Divers found one body in the wreckage on Wednesday morning, authorities said, hours after police found the remains of one of the Korean tourists 60km (37 miles) downstream - underlining the scale of the recovery operation.South Korean and Hungarian crews would start trying to secure the vessel to prevent the loss of bodies and prepare for a possible salvage…
Rescuers Recover Body from Wrecked Budapest Boat
South Korean and Hungarian divers have recovered a body from the wreck of a tourist boat which sank last week in Budapest, national news agency MTI said on Monday, citing the Hungarian counter-terrorism unit running the rescue.Twenty-eight people are presumed dead in the accident - the worst river disaster in Hungary in more than half a century - when a pleasure boat carrying South Korean tourists capsized after crashing into a larger cruise ship.Reporting by Krisztina Than
S. Korean Rescuers Begin Diving at Tourist Boat Wreck
South Korean divers began test dives on Monday morning around the wreck of a tourist boat in which at least seven people died last week, a Reuters cameraman at the scene reported.The divers were attempting to find a way to the wreck where many of the 21 people still listed as missing from the accident - the worst river tragedy in Hungary in more than half a century - were thought to have been pinned. (Reporting by Marton Dunai
Cruise Boat Captain Denies Blame in Hungary Collision
The captain of a passenger cruiser that collided with a boat that capsized killing South Korean tourists on board denies having broken any rules or committing a criminal office, his lawyer said in a statement cited by state news agency MTI on Friday.Hungarian police said late on Thursday they had taken into custody the captain of the 440-foot (135-metre) cruise ship, which hit and sank the smaller pleasure boat. It was so far unclear what caused the accident.In the statement the lawyer said treating the 64-year-old Ukrainian captain as a suspect was "premature, at the moment not more than a theory" as experts' opinions were not yet available.Reporting by Krisztina Than
HHLA Strengthens Intermodal Network
Metrans AS, a subsidiary of terminal operator Hamburger Hafen und Logistik AG (HHLA), has ordered ten Vectron MS locomotives from Siemens Mobility Czech Republic.The locomotives will be built at Siemens Mobility’s factory in Munich-Allach, and deliveries are scheduled from the end of 2019 until spring 2020. The locomotives will be operated in cross-border freight service in Central and Eastern European countries."It is our pleasure to expand the Metrans vehicle fleet by ten multisystem Vectron locomotives from Siemens Mobility.
MOL: Growww Grad Program in Europe
Japanese shipping giant has urged graduates to apply for the latest edition of its award-winning talent acquisition program, Growww.The Growww 2019 offers fresh graduates a unique opportunity to kick-start their career in one of the largest corporations in Central Eastern Europe, said a press note from the global transport company.Through the program MOL aims to develop a new generation of industry experts, offering them an opportunity to learn and solve real-life business challenges…
MOL, Total Make Refueling Europe Easier
Japanese logistics giant Mitsui O.S.K. Lines (MOL) and French multinational integrated oil and gas company Total S.A. signed an agreement which will make travelling across Europe easier for their corporate customers.The agreement provides for acceptance of MOL Group Cards by Total in its network of stations in France, Belgium, Luxembourg, The Netherlands and Germany. At the same time, the Total fuel cards will be accepted in the MOL’s and Slovnaft’s network of stations in Hungary…
CADMATIC Revenues Up 29%
CADMATIC reports strong growth and turnover figures for 2018: 29% growth resulting in record turnover of over $22.7m. During the same period, the company’s number of staff has increased to more than 140.With strong results also reported in 2017, the last two years have seen rapid growth at CADMATIC. Over the two-year period, its turnover has increased 45%, its number of personnel by 25% and the number of user organizations by 20%.In December 2018, the company headquarters in Turku, Finland moved to new premises across the Aurariver on Linnankatu 52.
Antwerp Port-Europe Traffic Up
Traffic flows between the Belgian port of Antwerp and the hinterland market in Hungary and Austria are increasing continuously. In order to meet the growing demand, the Antwerp Port Authority is promoting the expansion of hinterland connections, especially by rail.Two regular rail connections to Hungary have been established since 2015 and rail services to Austria have been expanded from one to currently three.At a port event held near Vienna on 27 September, leading representatives…
Record Low Danube Hinders Shipping in Hungary
Water levels on the Danube dropped to record lows on three sections of the river in Hungary on Wednesday due to a recent drought, hindering passenger cruise ships and causing losses to freight shipping companies.In Budapest the Danube receded to 0.61 metres, just above the record low of 0.51 meters recorded in 2003, the National Water Authority said in a statement.Tourists and locals flocked to the bottom of the pillars of the historic Margaret bridge to capture a unique view of the Hungarian capital city from the riverbed…
Tengizchevroil to Double LPG Export through Taman Port in 2018
Tengizchevroil (TCO), Kazakhstan's liquefied petroleum gas (LPG) producer and exporter, plans to raise propane and butane export through Russian port Taman in 2018 to 450,000 tonnes from 240,000 tonnes in 2017, traders said. TCO's shipments of LPG through Taman port will grow in March to about 40,000 tonnes from 27,000 tonnes in February, traders said. "TCO's LPG export through Taman port will go up to 40,000 from 20,000 tonnes per month (on average in 2017), with further growth possible," said a source in the port. OTEKO, the owner of Taman transshipment terminal, declined to comment and there was no response from TCO. International oil trader Vitol is responsible for supplying TCO's LPG via Taman terminal.
Italy Seizes Ship that Picked up Migrants in Mediterranean
Italian authorities seized a charity’s ship on suspicion it had helped illegal immigration by picking up migrants in the Mediterranean instead of letting Libya’s coastguard take them back to North Africa, the aid group said. The Spanish charity Proactiva Open Arms picked up 218 migrants who were in unsafe rubber boats in international waters off Libya’s coast on Thursday, then took them to Sicily, the Italian coastguard said. A Sicilian court impounded the boat late on Sunday on suspicion that members of its crew had violated international agreements on handling migrants and helped illegal migration into Europe, the charity said. There was no immediate comment from the court in Catania.
EFIP Looks for a New Director
The European Federation of Inland Ports (EFIP) has announced the beginning of submission of applications for a new director post. The organization said the new EFIP Director will work at the European Sea Ports Organisation (ESPO)-EFIP Secretariat, which is based in Brussels. EFIP brings together nearly 200 inland ports and port authorities in 17 countries of the European Union and Switzerland. Additionally, EFIP also has observer members in Hungary, Serbia, Slovakia and Ukraine. EFIP highlights and promotes the role of European inland ports to the European institutions.