Month: October 2016

Panama Canal runs below capacity

Almost 4 months passed since the Panama Canal was re-opened on June, 26th this year following its $5.25 billion widening. Now the new set of locks allows vessels of up to 14,000 TEUs (New Panamax type) to pass, compared with the previous limit of about 5,000 TEUs. However, now that shipping lines prefer sending larger but […]

PSA enters China’s railway container terminals market

One of the leading global port operators Singapore-based PSA has invested in China United International Rail Containers Co., Limited (CUIRC), a Sino-Foreign joint venture (JV) with a mandate from the government of the People’s Republic of China to develop and operate 18 railway container terminals within the country, announces PSA’s press release. The investment has […]

Four operators to bid for Corozal Container Terminal concession

The Panama Canal Authority has issued a Request for Proposals (RFP) to four pre-qualified port operators selected to compete for the concession to design, develop, finance, construct, operate and maintain Corozal Container Terminal, writes Port Strategy. The four shortlisted companies are the global major terminal operators APM Terminals, PSA International, Terminal Link, and Terminal Investments […]

DP World to increase its presence in Africa

Dubai-based global port operator DP World highlighted its interest in building on its African investments. The DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem, visited several African countries last week, including Nigeria. He has discussed ways of developing and improving the efficiency of the country’s logistics services with the governor of the Nigerian […]

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