It’s all Greek to Cosco Pacific

Greece’s largest port reveals the highest revenue and profit in the company’s history, marking the third consecutive year of improvement.

Konecranes has received an order from the Thessaloniki Port Authority SA for 12 Konecranes Noell straddle carriers. The delivery time is exceptionally short. The machines will be ready for acceptance in March 2019

Grimaldi Group and other PCTC operators have objected to a 34% increase in tariffs for finished car traffic introduced by Piraeus Port Authority with effect from the middle of March

OOCL and China Cosco Shipping Company (CCSC), which are both members of the recently inaugurated Ocean Alliance, have started a new service between Northern Europe and Turkey. The new North Europe Turkey Express service (NET) uses four ships of approximately 2,000 TEU capacity, and calls weekly at Felixstowe, Hamburg, Antwerp, Piraeus, Kumport (Ambarli, Istanbul), Gebze (Yilport), Izmir, and returns to Felixstowe via Salerno in Italy.

Following on from news that DP World’s Antwerp Gateway facility is expanding (see page 1), CTO Jef Lambregts explained that the terminal splits its yard volume roughly 50:50 between the ASCs and traditional straddle carrier yard, and this “combination gives us optimum flexibility” for what is, like Rotterdam World Gateway, a common-user facility. DP World is the biggest shareholder in Antwerp Gateway with (following ZIM’s departure from the consortium last year) a 60% stake. Cosco Pacific owns 2

The development of new ports and railways in East Africa could be about to shake up the region’s long-established status quo.