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Sydney: Australia's New South Wales government is privatising Port Botany and Port Kembla with 99-year leases, a deal giving more than AUD4bn ($4.2bn) of infrastructure projects for the state.

Shanghai: Shanghai, the world's largest container port, moved higher throughput in March both year-on-year and month-on-month, according to figures from Shanghai International Port (Group) (SIPG).

Geneva: Mediterranean Shipping Company (MSC) is selling a 35% stake in its global terminals business for $1.93bn.

Singapore: Singapore's PSA improved its 2012 results with a stronger net profit and higher container handling volume amid challenging economic conditions.

Balboa: Container cargo handling operations at the Pacific port of Balboa operateed by Hutchison Ports Holdings’ subsidiary Panama Ports Co (PPC) have been paralysed since 20 March because of changes in the terminal’s IT systems.

 

Hong Kong: Decreased contributions from subsidiaries such as CIMC pushed Cosco Pacific's full year net profit down 12% to $342.19m from $388.77m previously.

Abidjan: A consortium consisting of APM Terminals, Bolloré Africa Logistics and Boygues has been announced as the preferred bidder for management of a second container terminal at the port of Abidjan.

Hong Kong: Container port activities slowed down in February in Hong Kong as throughput shrank both year-on-year and month-on-month.

Zeebrugge: China Shipping Container Lines unit China Shipping Terminal Development has agreed to buy a 24% stake in APM Terminals Zeebrugge in Belgium.

Singapore: Container throughput at the port of Singapore in February was flat at 2.36m teu, reflecting the shorter number of working days and the Chinese New Year holidays during that month.

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