Port Technology International
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Port Technology International
Maersk Reports $13.3 Billion Revenue In Q1 2025While sequentially lower as expected, the results mark a strong start, which the Danish shipping giant attributes to ocean profitability, operational gains in logistics & services, and higher terminal volumes.
Maersk maintains its 2025 guidance despite growing uncertainty and a more cautious outlook for container volume growth.
READ: Maersk opens first logistics hub in Senegal
Ocean posted an EBIT of $743 million, up YoY due to higher rates and stable volumes, despite an expected sequential decline.
Utilisation remained high and costs steady, supported by ongoing optimisation.
The new East-West network, launched in February, is on track to meet reliability and cost-efficiency goals once fully implemented.
Logistics & Services achieved an improved EBIT margin of 4.1 per cent, driven by diversified products and a strong focus on cost and productivity.
Freight management revenue rose 18 per cent YoY, led by Project Logistics, with fulfilment service improvements also contributing.
Terminals delivered strong results, supported by higher volumes, increased revenue per move, and greater storage income, with costs well-managed through automation and better capacity use. ROIC rose to 14.5 per cent.
READ: Maersk commences operations in first French warehouse
Vincent Clerc, CEO of Maersk, said: “We delivered strong results, driven by momentum in our operational efficiency and a global economy in good shape.
“We are happy to put the full strength of our product offering at our customers’ disposal, doubling down on automation and cost management. These efforts give us the confidence to deliver a result in line with our guidance.”
Recently, HD Hyundai and Maersk signed a Memorandum of Understanding (MoU) to collaborate on decarbonisation solutions for vessels.port-and-ship
May 08, 2025
Port Technology International
Ictsi Reports $239.5 Million Net Income For Q1 2025EBITDA grew 18 per cent to $489.59 million, while net income attributable to equity holders rose 14 per cent to $239.54 million, driven by higher operating income but offset by increased depreciation and amortisation.
Excluding one-off items from 2024, net income would have increased by 25 per cent. Diluted earnings per share rose 17 per cent to $0.116 from $0.099.
ICTSI handled 3.47 million TEUs in Q1 2025, up 12 per cent from 3.09 million TEUs in the same period in 2024.
READ: ICTSI reports $2 billion revenue from port operations
According to the operator, the increase was driven by new services, improved trade activity at certain terminals, volume recovery at CGSA in Ecuador, and contributions from the new Visayas Container Terminal in the Philippines, partially offset by the deconsolidation of OJA in Indonesia.
Excluding the effects of new and discontinued operations, volume growth remained at 12 per cent.
READ: ICTSI announces record net income of $850 million
Enrique K. Razon Jr., ICTSI Chairman and President, said:  “I am pleased to report a strong start to the financial year with ICTSI delivering an increase in revenues of 17 per cent to $745.42 million and setting another record high net income of $239.54 million, up 14 per cent.
“Our international portfolio performed very well with consolidated volume up 12 per cent. Our balance sheet is robust and cash generation has been strong.”
In April, Basra Gateway Terminal (BGT), ICTSI’s operation at the Port of Umm Qasr, handled the HMM Daon—the largest container vessel to call at the port.port-and-ship
May 06, 2025
Port Technology International
Port Of Melbourne Hits 2.5M Teus Despite March DipFull imports (excluding Bass Strait) at the Port of Melbourne stood at 99,000 TEUs, down 10.5 per cent YoY, while full exports declined 6.2 per cent to 62,000 TEUs.
Empty container volumes also dropped significantly, down 12.8 per cent to 68,000 TEUs.
Bass Strait volumes softened slightly to 17,000 TEU (down 6.2 per cent), while full transshipments grew substantially, rising 58.5 per cent YoY to reach 21,000 TEUs.
READ: Port of Melbourne witnesses YoY TEU drop in February
Looking at the financial year to date (FYTD), total container trade reached 2.55 million TEUs, a 5 per cent increase or 120,500 TEUs more than the same period in FY24.
Imports and exports (excluding Bass Strait) rose 4.3 per cent and 7.8 per cent respectively, while full transshipment surged nearly 20 per cent, indicating stronger underlying trends despite the March dip.
In 2024, the port handled 3.396 million TEUs, a more than 9 per cent increase over 2023 levels and its biggest yearly container trade volume ever. The port noted that its high container commerce in 2024 was driven by a rise in import trade, notably consumer products like furniture.port-and-ship
May 02, 2025
Port Technology International
Hapag-Lloyd Q1 2025 Ebitda Reaches €1 BillionThis growth was fueled by strong demand, with a 9 per cent rise in transport volume to 3.3 million TEUs and average freight rates reaching €1,390 per TEU ($1,480).
Rolf Habben Jansen, CEO of Hapag-Lloyd AG, said: “We got 2025 off to a good start, but the market is currently characterised by many uncertainties. We therefore expect lower results for 2025 as a whole.
“We will rigorously implement our Strategy 2030, expand Hanseatic Global Terminals, improve fleet efficiency, and continue decarbonising, while focusing on cost control and increasing digital efficiency.”
READ: Hapag-Lloyd nets $2.6 billion in 2024
For FY2025, Hapag-Lloyd expects Group EBITDA of €2.4 – 3.9 billion ($2.5 – 4.0 billion) and EBIT of €0.0 –1.5 billion ($0.0 – 1.5 billion).
The shipping company noted that outlook remains highly uncertain due to volatile freight rates and geopolitical risks, including Red Sea tensions and global trade conflicts.
In March, International Container Terminal Services, Inc. (ICTSI)’s flagship Manila International Container Terminal (MICT) welcomed Hapag-Lloyd’s inaugural China-Philippines Feeder (CPF) service.port-and-ship
Apr 30, 2025
Port Technology International
One Reports 32 Per Cent Revenue Surge To $19.23 Billion YoyThe company witnessed their net profit surge to $4.24 billion, marking a $3.27 billion increase from the previous year.
Jeremy Nixon, CEO of ONE, said: “We are pleased to report a profit of $4.24 billion for FY2024 — an achievement realised despite ongoing geopolitical tensions and regional economic uncertainties.
“Through our participation in the newly established the Premier Alliance, we have further expanded our global network and enhanced our service offerings.”
Recently, ONE launched its Intra-Greece Express (IGX) service to enhance connectivity between Thessaloniki and Piraeus.
Additionally, the Port of New York and New Jersey celebrated the maiden voyage of the ONE Eagle at Port Liberty Bayonne.port-and-ship
Apr 30, 2025
Port Technology International
Oman Inks Deal For First Liquid Hydrogen Corridor To EuropeHamburger Hafen und Logistik AG (HHLA) is participating in this corridor project.
The corridor will enable the export of RFNBO-compliant liquid hydrogen from Oman’s Port of Duqm to the Port of Amsterdam and key logistics hubs in Germany, including the Port of Duisburg, and onward to other European countries.
At the heart of this corridor is reportedly the world’s largest hydrogen liquefaction, storage, and export terminal to be established in the Port of Duqm.
OQ, Oman’s energy transition enabler, leading the liquefaction infrastructure, will develop the hydrogen plant along with related storage and export facilities, contributing directly to the corridor’s supply capabilities and Oman’s national hydrogen targets.
The centralised facility will draw from Duqm’s growing renewable hydrogen developments, leveraging the port’s strategic location as a global maritime hub and Special Economic Zone.
The centralised liquefaction plant will be supported by maritime transportation vessels developed by ECOLOG to ship liquid hydrogen with zero boil-off, reportedly ensuring greater efficiency and reduced losses.
On the European side, the corridor will be anchored by re-gasification import terminals in the Port of Amsterdam, from which the hydrogen will be distributed to industrial off-takers in the Netherlands and Germany via gas pipeline networks, rail connections, and barge distribution through the Dutch canal network.
READ: Port of Rotterdam expands pipeline corridor for energy transition
“Today’s landmark signing demonstrates how Oman is turning its hydrogen ambitions into concrete projects aligned with global demand and national priorities,” said H.E. Eng. Salim bin Nasser Al Aufi, Minister of Energy and Minerals and Chairman of Hydrom.
“While this corridor will enable the large-scale export of Omani hydrogen to Europe, its true value lies in how it supports our broader vision of an integrated sector that advances our national objectives.
“From industrial diversification and infrastructure development to job creation and capacity building, we are committed to building a future-ready sector that will position Oman at the centre of green hydrogen global supply chain and deliver tangible economic value for the country.”
Last month, the Maritime and Port Authority of Singapore (MPA) and the Port of Rotterdam signed an agreement to expand their collaboration on the Rotterdam-Singapore Green and Digital Shipping Corridor.port-and-ship
Apr 17, 2025
Port Technology International
Thessaloniki Port Records €100 Million Revenue In 2024Strong operational performance drove record revenues and volumes, despite a challenging environment marked by geopolitical instability, conflicts, and supply chain disruptions.
The port delivered record-breaking performance in 2024 across nearly all core sectors, achieving all-time highs in revenue, profit, throughput, and volumes.
Container Terminal throughput rose to 566,000 TEUs, up 46,000 TEUs (9 per cent) year-over-year (YoY), while Conventional Cargo volumes reached 3.2 million tonnes, a 250,000-tonne (9 per cent) increase from 2023.
READ: ThPA S.A. releases 2023 financial results
Group revenue surged to €100.7 million ($114.5 million), a €14.8 million ($16.8 million) increase from €85.9 million ($97 million) the previous year.
Growth was broad-based, with revenue gains across all main segments: Container Terminal (+€11.5 million/$13 million, +19 per cent), Conventional Cargo (+€2.9 million/$3.2 million, +14 per cent).
These results were driven by strong volume growth and improved operational efficiency across key services.
READ: ThPA S.A. implements reefer monitoring system at Port of Thessaloniki
The Executive Chairman of the BoD of ThPA S.A., Athanasios Liagkos, stated: “2024 was another record year for ThPA S.A., confirming the consistent implementation of our long-term business and investment plan to strengthen the Port of Thessaloniki’s role in Southeastern Europe.
“The recent approval of the Master Plan marks a key milestone, enabling major investments like the expansion of Pier 6, which will boost the port’s international standing, create jobs, and generate broad economic and social benefits.”
In September 2024, ThPA S.A. revealed its financial results for the first half of 2024, showing a growth increase of 17.3 per cent.port-and-ship
Apr 17, 2025
Port Technology International
Konecranes To Deliver 14 Electric Rtgs To PortonaveThe order was booked in Q4 2024, and the cranes will be delivered in mid-2026.
The road to zero tailpipe emissions operation in container handling, Ecolifting, will reach Portonave when these Konecranes RTGs become operational in 2026.
On an annual basis, the terminal handles approximately 1.2 million TEUs. Plans are underway to expand operations, enhance efficiency and continuously reduce emissions with technology solutions. This commitment led to the acquisition of Konecranes RTGs.
The RTGs are battery-driven with charging applied dynamically through a busbar system. This allows zero tailpipe operation, as there is no need for auxiliary diesel gensets.
If an electricity outage occurs, Portonave’s RTG container handling will continue uninterrupted. The RTGs can operate for up to four hours on the batteries, which will be charged automatically when power from the grid is restored.
Portonave’s new RTGs will have a suite of Smart Features: Stack Collision Prevention, Auto-TOS Reporting, Auto-Truck Guiding, Truck Lift Prevention and Gantry Collision Prevention. They will also be equipped with special auto-steering and positioning technology that will help the operators drive the RTGs through the busbar system in the container stacks.
READ: BMF Port Burgas orders two Konecranes harbour cranes
“There’s plenty of room to reduce emissions in Brazilian container handling operations, at the seaside, inland, everywhere,” said Alfredo Ramirez, Regional Sales Director, Port Solutions, Konecranes. Â
“Portonave is a great example of how it’s possible to achieve zero tailpipe emissions, step by step. Konecranes will be here to give Portonave the container handling help it needs going forward.”
Earlier this week, Italy’s Salerno Container Terminal (SCT), part of the Gallozzi Group, ordered a Konecranes Gottwald ESP.10 Mobile Harbor Crane with an external power supply to support a port modernisation project.port-and-ship
Apr 17, 2025
Port Technology International
Pilbara Ports Nears 70 Million Tonnes In March 2025The Port of Port Hedland handled 51.5Mt, including 65.6Mt of iron ore exports, marking a 2 per cent year-on-year (YoY) increase. Imports reached 171,000 tonnes, up 4 per cent.
The Port of Dampier reported 15.7Mt, a 1 per cent decline from the previous year.
Imports through the Port of Dampier totalled 93,000 tonnes in March 2025, down 23 per cent from March 2024.
Since 1 July 2024, total throughput across all ports has reached 567.1Mt.
In December 2024, Pilbara Ports delivered a total monthly throughput of 66.2Mt.
Two months, Pilbara Ports achieved a total monthly throughput of 49.5 million tonnes (Mt).port-and-ship
Apr 17, 2025
Port Technology International
Kag Acquires Transportation CompanyThe West Chester, Ohio-based company operates from eight terminal locations and three ISO container depots throughout the Southeast and Midwest, US, delivering and storing caustic soda, sulfuric acid, hydrochloric acid, and other specialty chemicals.
As part of the transaction, KAG will welcome approximately 175 professional drivers and 70 operational and administrative members to their team while also growing their fleet by acquiring 100 tractors and 500 trailers/chassis. The ISO depots also provide container services, including storage, steaming, washing, and maintenance.
“This acquisition marks a key milestone in KAG’s continued growth and solidifies our commitment to delivering innovative, specialised solutions to our chemical customers,” stated Charlie DeLacey, Chief Executive Officer of KAG.
“By combining the strengths of MC Tank with our existing fleet and network, we are enhancing our capabilities to offer not only premier chemical transportation but also ISO container storage, transport, and related services to meet the evolving demands of our customers’ supply chains,” DeLacey continued.
READ: ITI acquires Konecrane’s largest mobile harbour crane
“KAG is the perfect partner to provide MC Tank with the resources and know-how to expand our footprint, capabilities, technology, and services,” stated MC Tank’s President Michael Anderson.
“We are far from done implementing our vision and accomplishing the goals we have set for our organisation. We are tremendously excited for the opportunity to join the KAG team.”
Last week, GL Terminal, an East Jakarta-based logistics provider, acquired a 30 per cent stake in Envilog, a digital platform connecting port terminals, depots, trucking providers, and Customs across Indonesia.port-and-ship
Apr 16, 2025