The bold/audacious/humongous or simply bodacious Trump “infrastructure” plan, estimated to be anywhere from $1.5trn to $2trn, seems not to be happening, but small victories are being seen in the ports sector.
Brazil’s Vale and China’s Ningbo Zhoushan Port Group have signed a memorandum of understanding (MOU) to further deepen their cooperation.
Samsung Heavy Industries (SHI) announced Monday that it has won orders for 10 LNG-fuelled aframax tankers valued at KRW751.3bn ($601m) from an Oceania-based shipowner.
Two sectors of interest to Seatrade readers – the OSV and offshore oil exploration businesses – have not really ‘recovered’ following the oil price slide of 2014 into 2015.
Hutchinson Ports has penned a memorandum of understanding with Egypt on the building of a new container terminal in Egypt’s port of Abu Qir.
The US Port of Long Beach has made progress with its $870m rail project to streamline rail operations and reduce bottlenecks at the second busiest container port in the country.