Kaohsiung falls in box port rankings

Taiwan International Ports Corporation (TIPC) has concluded a long-term lease agreement with Seoul-based HMM for berths 76-78 at the port of Kaohsiung. The deal will lead to the South Korean carrier investing in new equipment and using the port as one of its primary Asia-Pacific operations centres.

Liebherr Group has orders for two intermodal RMGs and has just placed another LPS 420 crane in the Russian market; four Vityaz double-lever cranes from SMM SevMorMontazh have recently been delivered to the same customer

APM Terminals in Los Angeles claims a container exchange record on a North American call.

The International Longshoremen’s Association has agreed a new 6-year Master Contract.

HES International has been taken over by American bank Goldman Sachs and Australia’s Macquarie Group. The Rotterdam-based dry and liquid bulk terminal operator has changed hands for €2B, according to Reuters

Chile-based multinational ports, logistics and towage group SAAM posted net income of US$64.4M in 2017, up 11% on 2016