Port operator DP World has hired banks to arrange a series of investor meetings ahead of a potential issue of 10-year U.S. dollar-denominated sukuk, or Islamic bonds, a document issued by one of the banks leading the deal showed.DP World, majority owned by the Dubai government…
As North America’s larger ports continue to increase capacity, dredging and air drafts are receiving the attention they deserve. As bigger post-Panamax boxships begin to arrive, none of that means anything unless truck turn times and TEU moves per hour can be improved…
APM Terminals Gothenburg has managed to cut quay crane waiting times by as much as 90% by implementing new standard operational procedures for container lashing. This translates to a reduction from 38 minutes to just four.Using ‘Lean’ methodology…
German-based cargo container shipping line Hapag-Lloyd AG has placed a record order for 13,420 refrigerated containers, known as reefers, which are set for delivery in November 2019.A statement from the fifth biggest container shipping line…
Little Miss Sunshine and South Craneolina have joined the ranks of South Carolina Ports Authority’s cranes — thanks to the creativity of two Greenville County elementary students. Haven Ebel and Jack Sibley-Jones, both fifth graders at Blythe Academy of Languages in Greenville…
The Port of Rotterdam has announced that the first paperless and fully door-to-door tracked container, based on blockchain technology, has arrived at the warehouse of Samsung SDS in Tilburg.Last year Dutch bank ABN AMRO collaborated with the…
Florida International Terminal (FIT) has successfully deployed the eModal Community Portal (eCP) PreGate appointment module to improve turn times and customer service.The port operator of a 41 acre marine terminal in the Southport area of Port…
The global port management company International Container Terminal Services Inc.(ICTSI) said yard utilization at its Manila port dropped 58 percent in June despite a series of holiday periods and low trucking activity.The Manila International Container Terminal (MICT)…
Danish shipping conglomerate Maersk launched a digital service that is designed to simplify supply chains and provides customers with a cargo loading guarantee at a fixed price.The Maersk Spot platform also helps its clients by addressing some…
Europe’s second-largest seaport Port of Antwerp is building additional container handling capacity in the Antwerp port area.To cope with further growth until 2030 and also to attract international investment in the future, additional capacity of 7 million containers per year is required…
Port of Bristol, which comprises the commercial, and former commercial, docks situated in and near the city of Bristol in England, announced that its container terminal capacity has been boosted significantly by the completion of a GBP 9 million upgrade…
Containerized export volume at the Port of Oakland spiked last month, again turning trade war logic on its head.The Port said that exports, primarily to Asia, were up 8.4 percent compared to May 2018 totals. Imports were up, too, climbing 4…
TOTE Maritime Puerto Rico (TMPR) is enhancing its fleet with 220 containers chilled by the industry’s only natural refrigerant-based system, the NaturaLINE unit from Carrier Transicold. TMPR is the first shipping line to place a sizable quantity of NaturaLINE units into service on U…
The Port of Los Angeles moved 828,662 Twenty-Foot Equivalent Units (TEUs) in May, the busiest May in the Port’s 112-year history. The volumes reflect growth of 7.8 percent compared to last May. For the first five months of 2019, Port volumes have increased 5…
The Port of Los Angeles moved 828,662 TEUs in May, the busiest May in the Port’s 112-year history. The volumes reflect growth of 7.8 percent compared to last May.For the first five months of 2019, Port volumes have increased 5.2 percent compared to the same period last year…
