The concept of the ‘Taiwan miracle’ is not a new one. Today, Taiwan plays a critical role in the global technology supply chain, is an important market for global trade – and is a location that is increasingly ripe for foreign investment.

Damen Shiprepair and Conversion has won the first European contract to convert a dredger to dual-fuel for Rouen-based GIE Dragages-Ports.

China and Greece have vowed to strengthen cooperation under the Belt and Road Initiative. This commitment was made during a visit to Athens by Chinese Vice Premier Ma Kai.

The interest of countries in Southeast Asia such as Indonesia, the Philippines, Myanmar and other similar stage countries is that they are going through a rapid development phase now and there is a need to boost infrastructure. 

Success of Cosco’s investment in Piraeus port has led to China’s macroeconomic management agency actively promoting new investments in western Attica, primarily in the industrial port of Elefsina, base of Greece’s second largest shipyard, an oil refinery and logistics centre.

Royal Boskalis Westminster (Boskalis) joint venture has been awarded a five year contract by the Comision Administradora del Rio de la Plata (CARP) for the capital and maintenance dredging of the Martín García channel, located between Uruguay and Argentina in the northern part of the 50-km-wide Rio de la Plata estuary.

Dubai-based DP World has completed the acquisition of an additional 66.67% stake in Empresa Brasileira de Terminais Portuários (Embraport) in Brazil from Odebrecht Transport (OTP), the group announced.

Indonesian state-owned port operator Pelindo III will issue global bonds worth $1bn to fund several development projects, including the construction of the overpass to the Teluk Lamong terminal in Surabaya, the deepening of the Benoa port pond in Bali, and the construction of the Gili Mas quay at the Lembar port in Lombok, local reports said.

Movements and realignments continue in the China port scene, with China Merchants Port (CMPort) announcing that its parent China Merchants Group is “is preparing for and analysing the feasibility of a material asset reorganisation in relation to Shenzhen Chiwan Wharf Holdings”.

UK Shipping Minister John Hayes vowed to be a ‘resolute, committed and determined champion’ of the UK ports sector when he spoke at the UK Major Ports Group annual reception on 27 November.

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