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Posts tagged “Shipping”

 
Port of Felixstowe expands autonomous truck fleet 
 
Hutchison Ports Port of Felixstowe has confirmed an order for a further 34 Autonomous Trucks (ATs) from Shanghai Westwell Technology Co. Ltd (Westwell), doubling its fleet and cementing its position as a leader in port automation. 
 
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DP World reports record revenue of $20.0 billion and EBITDA of $5.5 billion 
 
DP World Limited has announced financial results for the year ended 31 December 2024. On a reported basis, revenue grew by 9.7% to $20.0 billion and adjusted EBITDA rose by 6.7% to $5.5 billion with an adjusted EBITDA margin of 27.2%. 
 
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Hutchison to sell Port of Felixstowe 
 
A consortium comprising shipping line MSC’s Terminal Investment Limited (Til) arm and US investment fund BlackRock-TiL is to acquire an 80% stake in a clutch of 43 ports worldwide from Hong Kong’s CK Hutchison, including Felixstowe, the UK’s main container hub. 
 
The $22.8 billion deal covers CK Hutchison’s entire 80% stake in Hutchison Port Holdings including ports and terminals in 23 countries worldwide. In the UK, the ports of Felixstowe, Harwich and Thamesport are included in the deal, along with Hutchison’s major terminal operations in Europe including Rotterdam. 
 
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Europe’s largest cranes for DP World Southampton 
 
DP World is making a £60m investment in the UK’s trading capacity with an order of four new quay cranes for its Southampton container terminal. 
 
The new cranes will be the largest quay cranes in Europe and can perform quad lifts, moving two 40ft containers together from ship to yard in a single move, reducing the time taken to load and unload large container vessels. 
 
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Immingham Freight Terminal gets green light 
 
The £100m Immingham Eastern Ro-Ro Terminal application has been granted development consent by the Secretary of State for Transport Louise Haigh. 
 
The application comprises a new roll-on/roll-off facility comprising a new jetty with three berths, improved hard-standing, terminal buildings and an internal side bridge to cross over existing port infrastructure. 
 
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Rising costs and lack of drivers means it's still a bumpy road for hauliers 
 
The road haulage sector is still facing rising operational costs, and transport companies have “little choice” but to pass the increase to shippers. 
 
Yesterday’s Transport Intelligence (Ti) road freight survey echoes what has long been reported about the industry. 
 
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