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£10bn sale of Associated British Ports - pension funds just love it

The UK's largest port owner and operator is not a firm that The Loadstar covers much on a recurring basis. (But then came the news last week: 'Australia's IFM snaps up ABP', aka Associated British Ports...) To be honest, this is a pretty straightforward deal reportedly worth about £10bn that would not normally warrant much comment - however, it does underline how the port industry as an investment class has matured since the turn of the century. Despite a portfolio that stretches to ...

250 watchmen, one picket line and half of America's busiest port complex

A threatened Sunday walkout at Los Angeles and Long Beach may be delayed until Wednesday. The real danger is the reach of a small union local, with 35,688 containers already waiting for rail service. It takes a special kind of labor dispute to put half a port complex at risk with a workforce smaller than the guest list at a medium-sized wedding. At Los Angeles and Long Beach, some 250 security watchmen have managed it without leaving their posts. var reg_x; jQuery(document).ready(function () { //reg_x = new RegBlockForm(); reg_x.initForm('387cfbafdc','7a74acd3ce','62ed8f1883'); });

Growing Philippine Airlines selects IBS Software

Philippine Airlines (PAL) has signed up to use IBS Software's cargo management system as part of its broader digitalisation programme. PAL will use the iCargo platform across cargo sales, ground handling operations and accounting for both domestic and international cargo operations. This includes commercial and operations, back-office accounting, customs reporting, duties and taxes settlement, and regulatory compliance. "The transition will enable PAL to address key operational requirements across its cargo operations, including system performance and data analytics," IBS said in a press release. "iCargo will provide modern capabilities to support faster shipment processing, greater reliability and end-to-end shipment visibility, while reducing manual intervention and enabling more efficient processes." Jason Siy, vice president for cargo business, Philippine Airlines, added: "This initiative represents an important step in the modernisation of our cargo business. "As we grow across our domestic and international network, we need a system that increases visibility, improves operational efficiency and enables us to deliver a better experience for our customers "We see iCargo as a key enabler of our long-term cargo transformation strategy and of our ambition to build an even stronger cargo business for the future." The investment in new technology comes as the airline looks to expand its fleet. The airline recently upped its Airbus A350-1000 commitment with an order for nine more of the twinjet type, with purchase rights on another five. The carrier - which is already expanding its long-haul fleet with up to 20 Boeing 787-10s - is to take delivery of the A350s in the early 2030s.