UAE-based Gulftainer has finalized a 50-year concession agreement with the state of Delaware to operate and develop the Port of Wilmington, significantly expanding the company’s global footprint and reach.
Keeping up with the latest technological advances, the Port of Barcelona has unveiled PierNext, a digital knowledge hub set up to provide information on the innovative initiatives that are transforming the world of logistics, transport and ports internationally.
Throughput at the Port of Hong Kong fell again in August for the seventh month in a row to 1.64m teu, 4.3% lower than the 1.72m teu moved in the previous corresponding period.
Contecon Guayaquil SA (CGSA), the Ecuadorian unit of International Container Terminal Services Inc (ICTSI), has moved beyond just its core operations of moving goods through the port, and has also taken the lead in uniting stakeholders throughout the supply chain of Ecuador’s key commodities exporters.
Cosco Shipping Ports (CSP) saw overall throughput rise 12% in August to 8.7m teu from 7.7m teu previously led by good gains in the northern ports, with the Bohai Rim region growing 22% to 1.8m teu.
International Container Terminal Services Inc (ICTSI) will raise its stake in Manila North Harbor Port (MNHP) to 50% for nearly PHP1bn ($18.6m), local reports said.
The container shipping industry is becoming increasingly competitive and complicated and leading terminal operators such as Hutchison Ports are taking steps through the use of technology to serve their customers better as well as cut down inefficiencies.
Predictably, the sights of the new Malaysian government’s crackdown on expenditure have now fallen on the Carey Island project, which has been previously linked with Chinese interests.
Cosco Shipping Ports (CSP) warned of a “year full of challenges” in its first half 2018 results, even as it produced good results for the period, with overall throughput rising 27% to 56.7m teu driven by sustained economic growth, increase in trade volume and increased calls from the OCEAN Alliance, as well contributions from its acquisitions and relatively lesser impact from the Sino-US trade frictions.