TOP STORY:
ICTSI reports lower 2009 results
11 Mar 2010 (Container Management Magazine)
- International Container Terminal Services, Inc. (ICTSI) has reported a 9% reduction in its financial results for 2009, with earning at US$421.7m compared to US$463.1m in 2008. Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at US$175.7m, 11% down on 2008 due mainly to the decline in global trade, although the negative impact was partially mitigated by a reduction in operating expenses.
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NEWS IN BRIEF:
American Chambers of Commerce visit Jebel Ali
11 Mar 2010 (Container Management Magazine)
- A top level US business delegation, comprising senior members of the Association of American Chambers...
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2009 Port of London trade: lowest since 1992
10 Mar 2010 (Container Management Magazine)
- The Port of London Authority (PLA) has announced the worst trade figures since 1992, with total throughput...
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Suape gets new RTGs
10 Mar 2010 (Container Management Magazine)
- Eight new rubber tyred gantries (RTGs) were recently delivered to International Container Terminal Services,...
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Aggressive building programmes for Yangtze
09 Mar 2010 (Container Management Magazine)
- The first-ever port survey of the Yangtze region shows aggressive building programmes are in place across...
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Konecranes to deliver 27 reachstackers to India
09 Mar 2010 (Container Management Magazine)
- A total of 27 reachstackers are to be delivered to 11 different multi-modal stations throughout India...
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AP Moller-Maersk earnings plummet US$4.5bn
08 Mar 2010 (Container Management Magazine)
- Shipping and logistics giant AP Moller-Maersk has posted its first ever loss of US$1.02bn in 2009, compared...
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Cape Town expansion on schedule
08 Mar 2010 (Container Management Magazine)
- Transnet Port Terminal reports that its R5.6bn (US$752m) five-year investment plan to increase the capacity...
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US business delegation visits Jebel Ali