Last week the information leaked that members of the Oetker family, owners of Hamburg Süd, were discussing a potential sale of the shipping line. Now the Wall Street Journal writes that Maersk Line is looking to buy the German peer, citing “people with knowledge of the matter”. The momentous meeting of the family is reportedly […]
Month: November 2016
A major deal in Russian stevedoring business
EVRAZ, Russian steel producing giant with own coal and iron ore mining operations, is ready to sell its port asset in the Russian Far East – Nakhodka Sea Commercial Port, with the aim of reducing its debt load, writes Kommersant. The Group owns 100% of the port and is searching for investors to buy either […]
HMM to buy TTI Algeciras
Hyundai Merchant Marine (HMM) was chosen as preferred bidder in the sale of Total Terminals International Algeciras (TTI Algeciras) in Spain, one of the lucrative assets of Hanjin Shipping, says HMM’s press release dated Friday. TTI Algeciras operates the second largest (after APMT’s facility) container terminal in the port of Algeciras, Southern Spain. Its annual […]
Rotterdam enters into agreements with Indonesia for port development
During the visit of Dutch Prime Minister Rutte to Indonesia, the Port of Rotterdam Authority signed two important agreements for port construction. According to Port of Rotterdam’s press release of today, one is a joint venture agreement with the Indonesian state-owned port corporation Pelindo 1. The main purpose of this JV is to prepare the […]
Korea Line doesn’t take Hanjin’s ships and terminal
On 22 November, Korea Line signed a deal to acquire the Asia-US business of Hanjin Shipping. The deal worth 37 billion won (USD 31.5 mln) involves the business network and client information of Hanjin’s Asia-US route, subsidiaries in 7 countries including the US, China and Vietnam, and 574 workers based in Korea and overseas, writes […]
Russia – Iran container logistics by Caspian Sea
FESCO Transportation Group launches a new Trans-Caspian container logistics service for shipping import cargo from Iran, announces the company’s press release. FESCO Russia Iran Service (FRIS) includes shipping by Caspian Sea on board the vessels of FESCO partners, terminal handling in the ports of Olya (Russia) and Nowshahr or Bandar-e Anzali (Iran) and inland transportation […]
Metro railcars from Spain to Colombia
Höegh Autoliners ships 60 railcars from Spain to Colombia for the expansion of the Medellin Metro network which will help to reduce the congestion of its 2.5 mln inhabitants, writes the company’s press release. Construcciones y Auxiliar de Ferrocarriles (CAF), a Spanish world leading manufacturer of rail cars with factories in Zaragona and Beasain, […]
NYK acquires 20% in Maher Terminals
NYK Ports, a subsidiary company of Japanese Nippon Yusen Kabushiki Kaisha (NYK Line), acquired a 20% share of Maher Terminals (Maher) on 16 November, 2016. As announced in the company’s press release, the investment is effected together with Macquarie Infrastructure Partners III L.P., a 10-year closed end fund that focuses on investments in infrastructure and […]
Container weighing solution for ports
Today is a closing day of Intermodal Europe 2016, an international container transport and logistics fair and conference, this year taking place in Rotterdam. The exhibition is a perfect place to showcase the latest innovations, products and logistic solutions. Some of them are presented by a Finnish company Tamtron, developer and producer of innovative weighing […]
Argentina pushes DP World for investments
DP World has officially requested permission to renew the terminal concessions to operate in the Port of Buenos Aires, Port Strategy writes today. The request was made by Dubai’s Economy Minister Sultan Bin Saeed Almansoori to the Argentinian vice president Gabriela Michetti. The concessions are due to expire in 2019. Nevertheless, Argentina’s president, Mauricio Macri, […]
