Bureaucratic tangles and hand-sitting is potentially causing the Port of Hong Kong to lose millions of dollars in lost business and seriously threaten its role as a leading container port, local reports cited industry players as saying.
UAE’s DP World and India’s National Investment and Infrastructure Fund (NIIF) have signed a memorandum of understanding (MOU) to develop the logistics sector in India.
The problem with political promises - from either party in the US - is that the big ideas need to be translated into specific action items.
When the subject turns to infrastructure investment in the States and the potential impacts on deepsea and domestic shipping, the booming energy markets are now receiving increased attention.
Terminal operator DP World is looking to invest up to $1bn in India in the coming years with a focus on developing infrastructure around existing ports, according to the group’s chairman, Sultan Ahmed Bin Sulayem.
The overall sluggish shipping market of today can look forward to the One Belt One Road (OBOR) initiative as a long term catalyst for growth, industry players from the financial sector have shared.
DP World-operated Chennai Container Terminal in India has enhanced its infrastructure to facilitate smooth movement of empty trailers to and from the terminal, helping to eliminate congestion.
DP World has issued a warning that more sophisticated financing methods will be required if Africa is to benefit from the infrastructure transformation that would put its economies on sounder footing.