The key Swedish Port of Gothenburg saw its worst year ever for container volumes in 2017 due to prolonged labour issues, with the number of boxes moved plunging 19% to 644,000 teu from 798,000 teu in the previous corresponding period.
ACL is to quit calling the Swedish Port of Gothenburg citing increasing costs and lower productivity.
APM Terminals has revamped Guatemala’s Puerto Quetzal after investing $180m to raise the terminal capacity to 340,000 teu, which offers now the highest productivity port operations in the country.
The world’s largest container line, Maersk Line, was back in the black in Q3 despite the impact of a cyber attack, but APM Terminals fell into the red as overcapacity took its toll.
AP Moller-Maersk Group is expecting to take a $200-300m hit for its full year earnings in 2017 due mainly to lost revenue in July as a result of a crippling cyber-attack.
Malaysian ratings agency RAM Ratings has forecast that about MYR5bn ($1.2bn) would be needed over the next five years for the expansion of Kuantan Port, Sapangar Bay Container Port (SBCP) and Port of Tanjung Pelepas (PTP).