Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

Hanjin announces operations in Europe will be axed – but staff are the last to know

From the Loadstar:

Hanjin Shipping said (that) its four main European centres will close this week or early November according to the regulatory filing.

In total, Hanjin operates from some 10 offices in Europe and employs 250-300 people in sales and operational roles – probably many more indirectly, in sub-agencies and service roles.

Hans-Peter Becker, […]

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ITF welcomes end to bitter dispute as Polish port union signs CBA

Solidarność union logo

The International Transport Workers’ Federation (ITF) is joining its Polish affiliated dockers’ union Solidarność today in celebrating the signing of a collective bargaining agreement (CBA) with Deepwater Container Terminal (DCT) Gdansk.

The signing marks the end of a bitter three-year dispute between the port and its workforce that has included complaints from […]

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Global campaign launched to end sackings and union busting at Polish port

A global campaign is being launched in support of Maciek Konopka and his colleagues at Deepwater Container Terminal (DCT) Gdansk as union-busting activity by management reaches new heights.

Maciek Konopka has been sacked from his role at the terminal after 6 years of fixed term contracts, ostensibly because he is a visible and active […]

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Major coup for DCT Gdansk as G6 alliance carriers announce new call on Asia loop

The G6 alliance members have announced that they are extending their Asia-North Europe Loop 7 service to include a call at the Polish hub port of DCT Gdansk, just months after construction commenced on a second container terminal.

The weekly service, commencing in August, is a major coup for DCT Gdansk’s deepwater terminal, which will […]

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Container lines losing cargo to specialized reefer ships amid slump in bunker prices

Containerisation of perishable cargoes seems to have hit a snag – at least temporarily – as the slump in bunker prices makes conventional reefer ships more competitive again.

According to shipbrokers, a number of freight programes by fruit shippers has been moved back from container lines to specialised reefers in the early stages of the […]

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ICTSI Polish receives 2 new quay cranes

Baltic Container Terminal (BCT), International Container Terminal Services, Inc.’s (ICTSI) container terminal in the Port of Gdynia, Poland, recently received two new quay cranes (QC), further boosting BCT’s status as a key port in Eastern Europe and in the Baltic region.

The QCs are part of a PLN 200 million (USD 58 million) investment program, […]

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ICTSI profit up 20% at $172.4M in 2013

International Container Terminal Services, Inc. (ICTSI) recorded a 20 percent hike in audited consolidated attributable net income to US$172.4 million last year from the US$143.2 million earned in 2012.

In a disclosure to the Philippine Stock Exchange, the firm said the higher attributable net income was mainly due to strong revenue growth and margin improvement […]

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ICTSI results shows good results globally, but Portland problems on analysts’ radar

Excerpts from Transport Topics:

At 4,628,117teu, the Philippines-based terminal operator International Container Terminal Services Inc [ICTSI] handled 13% more containers in the first nine months of 2013 than it did in the same period of the previous year, improving its net profit by 22%.

However, Drewry Maritime Equity Research (DMER), which analyses the financial performance […]

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ICTSI to spend $150 million developing Honduras port

International Container Terminal Services, Inc. (ICTSI) plans to spend about $150 million in the next five years to develop the port in Puerto Cortes, Honduras, a senior company official said recently.

Last February, the Razon-led port operator was awarded a 30-year contract for design, financing, construction, maintenance, and operation of the Puerto Cortes facility, which […]

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ICTSI 1Q Net Profit up 15% on Year on Revenue, Cargo Growth

International Container Terminal Services Inc. (ICTSI) said Thursday that its first-quarter net profit rose 15% from the year-earlier period, boosted by double-digit growth in its revenue and cargo volume.

ICTSI said net profit in the January-March quarter rose to $40.7 million from $35.4 million in the year-earlier period, while total revenue increased 20% to $209.3 […]

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First Chinese ship crosses Arctic Ocean amid record melt

The icebreaker Xuelong, or Snow Dragon, arrived in Iceland this week after sailing the Northern Route along the coast of Russia. The thaw is slowly opening up the Arctic as a short-cut route – the German-based Beluga Group, for instance, sent a cargo vessel north from Korea to Rotterdam in 2009.

An icebreaker has […]

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ICTSI Q1 profit jumps 24% to $35.4M

Ports operator International Container Terminal Services Inc. (ICTSI) reported a net income of $35.4 million in the first three months of the year, on the back of growth in volume and revenues and lower financing charges. This was 24% higher than the $28.5 million net income during the same period in 2011.

ICTSI said its […]

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State-of-the-art container scanner installed at ICTSI’s Baltic Container Terminal

Container scanner at ISTCI Baltic Container Terminal

The Baltic Container Terminal, International Container Terminal Services, Inc. (ICTSI) subsidiary in Poland, has recently had a state-of-the-art scanner for container screening installed through the Pomeranian Customs Office.

This US$2.5 million investment at the Gdynia Port terminal will increase the security and safety of the port, reduce […]

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