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Posts from February 2023

 
£4.8 MILLION INVESTED TO EXPAND HULL CONTAINER TERMINAL STORAGE CAPACITY 
 
ABP Humber has recently completed an extension to its Humber Container Terminal at the Port of Hull. 
 
An investment of £4.8 million has enabled an additional 17,600m2 of heavy-duty paving to expand the terminal’s storage capacity. 
 
Click on the below link to read more. 
 
 
P&O FERRIES STRENGTHENS ZEEBRUGGE-TEESPORT ROUTE 
 
P&O Ferries is joining forces with Finnlines to boost the flow of trade between Belgium and the UK by introducing new sailings on the Zeebrugge-Teesport route. 
 
Click on the below link to read more. 
 
 
ONE AND SONY TO CREATE A SMART CONTAINER SOLUTION 
 
Ocean Network Express (“ONE”) has announced plans to develop and integrate a smart container solution across their global fleet. The development of the smart container solution will be done in collaboration with Sony Network Communications Europe (“Sony”). 
 
Click on the below link to read more. 
 
 
Ocean carriers 'boxed in' by 5m teu surplus equipment mountain 
 
The return to ’supply chain normalisation’ has led to the container liner industry being hobbled by an estimated surplus of 5m teu of boxes, piled high on storage quays and in depots around the world. 
 
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Foreign shipping lines may stop services for cash-strapped Pakistan 
 
The ship agents have forewarned the cash-strapped Pakistani government that all export cargoes could come to a halt as foreign shipping lines are considering stopping their services for the country after banks stopped remitting freight charges to them due to a lack of dollar availability, according to a media report on Saturday. 
 
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Charter and equipment demand offers some hope for carriers in H2 
 
Maersk says “there may be reasons for optimism”, as it hopes for a “surge in demand from the second half of 2023” onwards. 
 
Although the carrier added that there was “little sign of any short-term improvement”, there were some positive signs emerging from the container industry services sectors. 
 
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ABP ACQUIRES SOLENT GATEWAY 
 
Associated British Ports has announced an agreement to acquire Solent Gateway Ltd, the operator of Marchwood Port on Southampton Water. The deal is focused on delivering the vision of the Solent Gateway, with ABP’s record of port operation and investment supporting SGL’s plans for development and job creation. 
 
Today’s agreement also paves the way for development that would also substantially upgrade Marchwood’s capabilities as a defence facility serving the Ministry of Defence. 
 
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HAPAG-LLOYD ACHIEVES EXTRAORDINARILY STRONG RESULT IN ITS ANNIVERSARY YEAR 2022 
 
On the basis of preliminary and unaudited figures, Hapag-Lloyd has concluded the 2022 financial year – in which it celebrated its 175th anniversary – with an EBITDA of USD 20.5 billion (EUR 19.4 billion). The EBIT rose to USD 18.5 billion (EUR 17.5 billion), which can primarily be attributed to higher freight rates. At the same time, disruptions in global supply chains and inflation have led to a significant increase in costs. 
 
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DP WORLD INVESTS £15M FOR SOUTHAMPTON DRIVERS 
 
DP World has agreed to lease a 7,500 sq. m site next to its Southampton container terminal to develop state of the art facilities for lorry drivers, as the leading provider of smart logistics solutions continues its major investment programme in the UK. 
 
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