Antwerp Profiting from Rotterdam Congestion?

first_imgWorld Maritime News Staff, September 08, 2014 zoom Belgium’s Antwerp port seems to be profiting the most from the ongoing congestion issues in the port of Rotterdam that is still taking its toll.Namely, in order to be able to meet their schedules shipping companies are switching their port calls from Rotterdam to nearby ports, Antwerp being among the top choices.German shipping company Hapag-Lloyd has switched several vessel calls from Rotterdam to Antwerp amid congestion.The latest to join the switch is  Hong Kong-based container shipping company Orient Overseas Container Line (OOCL).OOCL said on Friday that due to the congestion situation at Rotterdam,  three sailings on the Asia-Europe Loop 4 service where the port of calls to Rotterdam will be shifted to Antwerp on a temporary basis:•Basle Express 009W/009E – ATD Ningbo on 23 August  /  ETA Antwerp on 1 October•Hamburg Express 011W/011E – ATD Ningbo on 1 September  /  ETA Antwerp on 8 October NYK Hermes 006W/006E – ETD Ningbo on 7 September  /  ETA Antwerp on 14 OctoberThe service adjustments above are in addition to those announced on last month.OOCL said that the current port rotation of Loop 4 is Ningbo / Shanghai / Yantian / Singapore / Le Havre / Southampton / Hamburg / Rotterdam / Jeddah / Singapore / Yantian / Ningbo.The congestion which troubled the Rotterdam container sector during the past few months seems to be decreasing, the Port Rotterdam Authority said last week.Inland shipping operators reported that increasingly more ships are being handled on schedule.Sector organisation CBRB said that the handling of inland shipping by ECT’s Delta Terminal on the Maasvlakte has improved greatly over the past one-and-a-half weeks, but that waiting times are still not what they should be.last_img read more

CGI wins 2billion IT contract extension from BCE

MONTREAL — CGI Group says it has been awarded a $2 billion information technology contract extension from Bell Canada parent company BCE.The contract which runs through to December 2026 extends the more than 15-year relationship between the two Montreal-based companies.CGI operates Bell’s IT network by supporting hundreds of applications.The IT company will announce its fourth-quarter results on Thursday.CGI Group has an enviable cash problemMagna, CGI top manager’s picksIts net profit is expected to surge to $222 million from $141 million a year earlier on $2.57 billion of revenues, according to analysts polled by Thomson Reuters.Excluding one-time items, the adjusted profit is forecast to increase nine per cent to $233 million or 73 cents per share. read more