Emirates Global Aluminium (EGA) and Abu Dhabi Ports have opened a new container freight station (CFS) to reduce trucking within the Khalifa Industrial Zone Abu Dhabi (KIZAD).
DP World has acquired one of the largest logistics agencies in Latin America, Peru’s Cosmos Agencia Maritima (CAM) for $315.7m.
MMC Corporation-owned Northport has finally been granted a further 30-year concession for the operations of Port Klang’s Northport and Southport till November 30, 2043.
Saudi Arabia is undergoing a transformation as Crown Prince and Chairman of the Council of Economic and Development Affairs Mohammad bin Salman bin Abdulaziz Al-Saud stamps his mark on domestic and foreign policy. Reform of the country’s port sector and a giant new shipyard are key initiatives.
As the container port industry in Asia develops rapidly, some of the opportunities may be in unexpected places and some port operators could benefit from a refocussing of their ambitions.
Wallenius Wilhelmsen Logistics has inked a 25-year concession agreement with the Port of Zeebrugge that will nearly double its terminal footprint in the Belgian port.
Are you what is termed a “wage slave”, crawling unwillingly to work and counting the hours until the weekend, or even the end of the shift? There can be no illusions that this is reality for large numbers of people, all over the world. The maritime industry is no different to any other sector, in this respect.
DP World’s worldwide container volumes grew 10.1% to 70.1m teu in 2017 outstripping forecast market growth as a whole.
The paradox of the Straits of Malacca and modern container shipping is that despite the potential high volumes, and while terminal operators are always looking for alternatives to the established main ports of Singapore, Port of Tanjung Pelepas (PTP) and Port Klang, most of the major lines have already anchored themselves at one of the three and are unlikely to move without a sufficiently good reason.