AJOT Digital Edition
Issue #587

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Project Cargo / Heavy Lift Bi-Annial

South Carolina Ports

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2014 Media Kit

Ports & Terminals

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Truckers’ strike in Ningbo causes congestion

AJOT | August 21, 2014 | Ports & Terminals

A truckers’ strike began in China’s Ningbo area on Monday, August 18, 2014. Owner-operators and trucking companies, primarily those involved in container drayage, are striking to raise transportation prices. Read More »

APM Terminals reports interim results

AJOT | August 20, 2014 | Ports & Terminals

APM Terminals reports interim results: • 8% volume growth; 9.8m TEU (9.1m TEU) containers handled • Agreement reached for selling APM Terminals Virginia, USA • Productivity drive continues - automation fleet expanded. • Investment in new terminals and expansions climbs. APM Terminals delivered an increased profit of USD 223m (USD 179m) and a return on invested capital of 14.2% (12.8%). Terminals becoming fully operational and new terminals added to the portfolio supported the 8% growth in volume. More than 80% of EBITDA was generated in growth markets, 41 out of 66 container terminals are located and operated in these markets. Revenue increased 6%, representing the growth in volume and tariff increases in port activities, partly offset by a decrease in Inland Services due to divestment of activities in North America and Asia. The EBITDA margin improved to 23.0% (20.4%) supported to a large extent by the increase in volume and increased tariffs. The invested capital increased to USD 6.4bn (USD 5.6bn) reflecting the continued high investment level in APM Terminals, developing 7 terminals and expansions in 16 terminals. Operational cash flow was negatively impacted by VAT receivables accumulating in connection with construction activities, primarily in Latin America. “APM Terminals had a good performance in the second quarter and in the first half of 2014. The rise in our first half results came despite challenging conditions,” said Kim Fejfer, APM Terminals CEO. “It is crucial for our Global Terminal Network to provide stable operations and constantly improve our efficiency and portfolio offerings to our customers. This November, we are excited to introduce the world’s first fully automated container terminal which produces zero emissions from container handling equipment, launching a new era in container handling productivity and safety.” Portfolio developments · Angola: Sociedade Gestora de Terminais S.A. (Sogester) signed a 20 year concession to operate, maintain and develop the Port of Namibe, which serves the hinterland from Namibe to Menongue through the city of Lubango for both container and general cargo. · Algeciras, Spain: APM Terminals Algeciras invested USD 73 million to upgrade four existing cranes, adding four new cranes along with other infrastructure improvements in the strategic West Med market. The facility is Spain’s largest container port. · Rotterdam, The Netherlands: APM Terminals Maasvlakte II terminal exercised the option to buy 22 more Automated Rail Mounted Gantry cranes (ARMGs) for Phase I operations of the new 2.7 TEU million annual capacity, deep-water terminal, opening November 2014. The 30-meter wide ARMGs will use a fully automated system to load and unload containers onto and off external truck chassis, and onto a fleet of 37 battery-powered Lift Automated Guided Vehicles (Lift AGVs) in what will be the world’s most technologically advanced, “green” container terminal with zero emissions from terminal handling equipment. · Santos, Brazil: Channel dredging was completed, enabling Brasil Terminal Portuaria, an APM Terminals – TIL joint venture, to attract larger container vessels being deployed in the trade and improve Brazilian supply chains. · Itajai, Brazil: Berth 1 reconstruction was completed and is fully operational. In 2011, it was destroyed during a flood. · Portsmouth, Virginia, USA: APM Terminals Virginia sold its Portsmouth container terminal. The transaction is expected to close during Q3. Productivity drive APM Terminals efforts to improve port productivity are ongoing with a structured approach to continuously improve processes in each location. The scope of these improvements considers everything from initial planning to the introduction of new technology. The goal is to lead the industry in productivity and reliability while proactively managing the changes that larger container vessels and the rise of mega alliances are bringing to markets. Read More »

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