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Dubai: Global port operator DP World today announced an 8% rise in annual profits to $749m for 2012 as consolidated throughput fell from 27.5m teu in 2011 to 27.1m teu for 2012.

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

Mexico City: The Enrique Pena Nieto Administration will invest $783.1m in the maritime sector to improve and build new infrastructure in six Mexican ports.

Johor: The Port of Tanjung Pelepas (PTP), Malaysia's largest container operator, has affirmed its ambitious expansion plan, citing the highly competitive container port business as the main driver for the expansion.

Bintulu: Reported congestion at Bintulu Port resulting in long waiting times of over a week to berth have led to complaints by shippers. Recent cases include a vessel arriving at the port on 28 February and waiting till 7 March to berth.

Jakarta: Mitsui has reportedly won the tender to operate Kalibaru’s first container terminal in North Jakarta.

Jakarta: Indonesia's state-owned terminal operator Pelabuhan Indonesia III (Pelindo III) has spent over €100m ($130m) to order container handling equipment from Konecranes.

Manila: Shipping activity in Singapore could expand two to three times by 2025 due to continual infrastructure investments and the city-state's growing importance as a trade corridor, according to a Germany-based consultant.

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