DP World Limited handled 16.4mn teu across its global portfolio of container terminals in the first quarter of 2017, with gross container volumes growing by 5.7% year-on-year on a reported basis.
Shipping group CMA CGM and Adani Ports and Special Economic Zone (APSEZ) have signed a joint venture to operate a new container terminal (CT4) at Mundra Port, India, for the next 15 years.
A consortium of German private equity firm Deutsche Invest Equity Partners, Ivan Savvidis-controlled Belterra Investments and CMA CGM’s Terminal Link will acquire a 67% stake in the port of Thessaloniki for an initial EUR231.9m ($252m), with the concession running until 2051.
Singapore’s port and maritime industries need to gear up to deal with digitalization and disruption of global transport supply chains - that was the message of Khaw Boon Wan, Coordinating Minister for Infrastructure and Minister of Transport at the official opening of Sea Asia 2017.
HPH Trust is looking at a neutral to modest growth in box throughput this year at its Hong Kong and South China container terminals in view of transhipment volumes anticipated to hold steady and marginal improvements to the container shipping market.
Indonesia continues to make progress, albeit convoluted, towards getting its logistics infrastructure into shape, with local media reporting that approvals to build a canal linking industrial areas to the main Tanjung Priok Port could be given by mid-year.
Cosco Shipping Ports continues to rack up good growth in throughput, with overall volumes rising 9.5% to 8.60m teu in March from 7.85m teu in the previous corresponding period.
Former Federal Maritime Commission (FMC) chairman, and current commissioner, Mario Cordero is to head the Port of Long Beach.
The problem with political promises - from either party in the US - is that the big ideas need to be translated into specific action items.
Aegean NWE, marine fuels supplier in the Northwest European region of Aegean Marine Petroleum Group, has made available the supply of ultra-low sulphur fuel oil (ULSFO) in the Antwerp-Rotterdam-Amsterdam (ARA) port region including Zeebrugge.