After divesting its interests in Shenzhen Chiwan Wharf Holdings (Chiwan Wharf) in February, the former has in turn bought a 38.7% stake in China Merchants Port Holdings (CMPort) for RMB24.7bn in an all share offer.
As the challenges mount for global shipping, there is a greater need for ever higher levels of efficiency. This was the premise for the setting up of the Port Call Optimisation Task Force, which was driven by calls from major shipping companies such as Maersk, MSC, CMA CGM and Shell for greater efficiency to help them plan their port and shipping operations better.
Terminal operator DP World has rejected reports that it might settle out of court in its dispute with the Djibouti government.
Panama is joining the shipping digital community with the first web platform in the region which allows Panamanian importers and exporters to take advantage of this maritime and air connectivity.
The global economy appeared to be ticking along in the first quarter, with cargo throughput at all major ports rising by 3.4% from the first quarter of 2017, according to the Shanghai International Shipping Institute’s (SISI) latest Global Port Development Report for Q1 2018.
Sri Lanka’s Port of Colombo has had a very good first quarter with volume growing 16.2% from the previous corresponding period to 1.7m teu.
The Japanese government is stepping up activity in the port sector with plans to develop ports in three Indian Ocean nations by offering yen loans.