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”.
Cosco Shipping Ports (CSP ) and PSA signed a memorandum of understanding for the launch of a new berth at Cosco-PSA Terminal (CPT) in Singapore.
Shipping unit of Indonesian port operator Pelindo II, Jasa Armada Indonesia, is expecting to raise about IDR924.3bn ($68.5m) in fresh funds after setting its initial public offering (IPO) price at between IDR325 to IDR530, local reports said.