The Sri Lankan cabinet is expected to meet today to ratify a tripartite deal with India and Japan for the operation and maintenance of the much-delayed East Container Terminal (ECT) at Colombo’s deep-draughted South Harbour.
Orient Overseas (International) Limited (OOIL) has sold its Long Beach Container Terminal (LBCT) for $1.78bn to a consortium led by Macquarie Infrastructure Partners (MIP).
PSA International (PSA), the Polish Development Fund (PFR) and the IFM Global Infrastructure Fund (GIF) managed by IFM Investors, have signed an Agreement, to jointly acquire 100% of the shares of DCT Gdańsk from Macquarie Infrastructure and Real Assets (MIRA) managed fund Global Infrastructure Fund II, MTAA Super, AustralianSuper and Statewide Super.
UK-based BLOK Container Systems has introduced a new equipment to speed up the handling of containers so as to improve the overall operational efficiency at ports.
The US Port of Savannah is looking to expand its capacity to simultaneously handle six 14,000 teu containerships by 2024 under a plan unveiled by Georgia Port Authority’s (GPA) Big Berth/Big Ship program.
Taiwan-based Evergreen Marine has inked an agreement with Taiwan International Port Corporation (TIPC) to lease five berths at the 7th container handling centre in Kaohsiung port.
The port of Rotterdam has improved its container throughput in the first nine months, recording a 5.7% increase compared to the same period of last year.