Terminal operator Hamburger Hafen und Logistik AG (HHLA), which operates terminals in Hamburg, Ukraine and Estonia, wants to be climate-neutral by 2040. Electrification of terminal processes is a key part of the solution.
The Port of Hamburg handled more containers in the first nine months of the year. The number of of mega-sized container vessels calling at the port has also been on the rise.
The EU Commission will now review a special rule that exempts Italian port operators from corporate tax in an effort to avoid disrupting competition, says EU Commissioner for Competition Margrethe Vestager.
Terminal owner Macquarie Infrastructure Corp. faces litigation from shareholders claiming the group has masked the consequences of declining demand for high-sulfur fuel oil. The company denies the charges, calling the matter a classic case of "fraud by hindsight".
Revenue grew by 8 percent in the first nine months of the year for the terminal company that handles a large part of container transports in the Port of Hamburg. However, chairwoman warns of a volatile and unstable market.
Sources tell Alphaliner that APM Terminals has confirmed talks with ECT for the sale of one of its Rotterdam terminals in notice to the unions that would be affected by such a sale.
Hafnia and CEO Mikael Skov had to dial down expectations ahead of IPO but reached its target for sale of shares ahead of thelisting. Former BW chief executive Tina Revsbech landed a new top job within shipping, and Thorco Projects is once again positive, in a week in which several companies presented financial figures.
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