A planned expansion of the Port of Hamburg, which would give more space to ultra large container vessels, has been stagnating for years. The expansion needs to come soon, Hapag-Lloyd and the port tell ShippingWatch. But environmental organizations resist the plans.
BY NIKLAS KRIGSLUND Published 12.09.16 at 12:13
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Hong Kong-based Hutchison Port Holdings saw its revenue drop in 2016, while cargo volumes fell due to factors such as intensifying competition in Rotterdam. The company has a cautious approach to 2017, says management in the annual report.
Although APM Terminals has already paid once for Guatemala's important Terminal de Contenedores Quetzal, the Maersk-owned port operator has accepted to pay an additional sum of money in the wake of the ongoing bribery case.
APM Terminals will now have to thoroughly review the entire acquisition of major Spanish terminal group TCB after it has been revealed that one of TCB's terminals, TCQ in Guatemala, is facing corruption charges, APM Terminals tells ShippingWatch.
"The bottom line is still that this result is not satisfactory," says Rolf Habben Jansen, CEO of Hapag-Lloyd, which has just published its report for last year. 2017 also saw a tough start for the carrier.
Chilean-owned but Denmark-based Ultrabulk can, unlike many of its competitors, present yet another profit in its books for 2016. Speaking to ShippingWatch, CEO Per Lange describes 2017 as a year which showed several positive trends for dry bulk.
Several critical observers question US Secretary of Commerce Wilbur Ross' continued ownership of product tanker carrier Diamond S Shipping. The carrier's ties to China in particular are being criticized by ethics experts who point to possible conflicts of interest.
Things have not moved quite as fast in Asia as expected since Svitzer opened office in Singapore in early 2016. The strategy in the region will change when the new overall strategy for Svitzer is settled in the second quarter this year, Managing Director Alan Bradley tells ShippingWatch.