Abu Dhabi Ports (ADP) has signed a 35-year concession agreement to develop, manage and operate Fujairah Port, to which end a new ADP subsidiary called Fujairah Terminals has been set up, complementing the group’s existing services at Khalifa Port and Zayed Port.
DP World has inked a memorandum of understanding (MOU) with renewable energy firm Masdar to collaborate on clean energy solutions for the port operator’s portfolio of ports and freezones in the Middle East and Africa.
A call by the 21,413 teu OOCL Hong Kong - claimed to be the world’s largest container ship - has marked OOCL’s return after an absence of 17 years to the UK’s Port of Felixstowe, owned by fellow Hong Kong-based group Hutchison Ports.
Bureaucratic tangles and hand-sitting is potentially causing the Port of Hong Kong to lose millions of dollars in lost business and seriously threaten its role as a leading container port, local reports cited industry players as saying.
Johor Port continues to assert its dominance over the port sector in Johor state, after sealing a deal with Petronas to operate and manage the solid product jetty at its Pengerang Integrated Complex (PIC).
Hutchison Port Holdings (HPH), the joint venture partner of Pelindo II and operator of the Jakarta International Container Terminal has responded to Indonesian media reports that a government auditing agency has found irregularities in the extension of its contract to operate the terminal till 2039, expressing disappointment at the findings.
Indonesia's Supreme Audit Agency (BPK) has suggested that there will be losses to the state amounting to $306m from the contract extension state-owned port operator Pelindo II gave to its partner Hutchison Port Holdings for the Jakarta International Container Terminal (JICT), local reports said.
More consolidation is inching along in the China maritime sector as authorities now seem to turn their attention to the port sector, with Dalian Port announcing that it will enter into a cooperation agreement with China Merchants Group (CMG) and the Liaoning government.
Buenos Aires has become the first port in South America to join the Green Award.