Global container port volumes grew at 7.7% in the third quarter, higher than expected, according to a survey by analyst Alphaliner.
Fresh from successfully starting operations at its terminal at Saqr Port in Ras Al Khaimah earlier this week, Hutchison Ports has been awarded a concession to operate Ahmed Bin Rashid Port in Umm Al Quwain (UAQ), a northern United Arab Emirates emirate, just to the south of Ras Al Khaimah.
The world’s largest container line, Maersk Line, was back in the black in Q3 despite the impact of a cyber attack, but APM Terminals fell into the red as overcapacity took its toll.
Hutchison Ports announced that its Hutchison Ports RAK terminal at Saqr Port in the northern United Arab Emirates emirate of Ras Al Khaimah (RAK), has officially commenced operations.
Cosco Shipping Ports (CSP) has signed an agreement to lease a container freight station from Abu Dhabi Ports Company, the owner and operator of ports in Abu Dhabi, the company said.
Underscoring Singapore's commitment to R&D in the maritime sector the Singapore Maritime Institute (SMI) and Nanyang Technological University (NTU) are launching a new SGD15m ($11m) research centre.
The Maritime & Port Authority of Singapore (MPA) and Shell Shipping and Maritime have signed a Memorandum of Understanding (MoU) on clean fuels, automation and digitalisation.
HPH Trust's deepwater ports kept up the momentum during the first nine months of the year, with throughput rising 8% to 18.1m teu compared to the previous corresponding period.