If 1.3bn teu of containers were to be lined up end-to-end, they would go around the earth almost two hundred times.
Singapore sovereign wealth fund GIC has taken a 10% stake Terminal Investment Ltd (TIL) the port operating arm of Mediterranean Shipping Company (MSC).
The Hong Kong Seaport Alliance has been set in motion this month with an aim of maximising operational efficiencies in Hong Kong’s Kwai Tsing port, even though the new alliance has not received regulatory clearance from the Competition Commission of Hong Kong.
While continuing to grow its port's business terminal operator PSA International will also broaden its business to other areas of the supply chain with an aim to co-create the Internet of Logistics.
Manila-headquartered International Container Terminal Services, Inc. (ICTSI) has handled increased box volumes for 2018 over the previous year, thanks to higher trade activities.
Seattle-based SSA Marine, a division of Carrix a global multimodal transportation Group, and the Jacksonville Port Authority (Jaxport), in Florida, have signed a long-term agreement for the development and operation of a $238.7m international container terminal.
Hutchison Port Holdings Trust (HPH) Trust has recorded a marginal dip in total throughput for 2018 over 2017, though volumes for Yantian International Container Terminals (YICT) posted growth on the back of higher US and transhipment cargoes.
Terminal operator DP World saw container volume growth slip to 1.9% last year to handle 71.4m teu, with throughput at its home base in the UAE declining.