Month: May 2017

HMM visited Algeciras to discuss TTI sale

HMM TTI Algeciras

Today the official delegation from Hyundai Merchant Marine (HMM) has visited Algeciras and met the executives of the Port Authority of the Algeciras Bay (APBA). At the working meeting the parties have discussed the procedure of the acquisition of the semi-automated container terminal Total Terminal International Algeciras (TTI Algeciras) by the South Korean shipping company. […]

DP World may acquire a stake in FESCO

Russian container volumes

Summa Group, the major shareholder of FESCO Transportation Group, is reported to be in talks to sell a minority stake in FESCO to a consortium headed by DP World and the state-run Russian Direct Investment Fund (RDIF), informs Financial Times. The deal may amount to several hundred million dollars and include special corporate governance rights […]

SOLVO.TOS launched at Bronka container terminal

SOLVO TOS at Bronka container terminal

Solvo, the leading Russian developer of IT solutions for ports, container terminals and warehouses, has implemented its terminal operating system SOLVO.TOS at Bronka Port container terminal in Saint Petersburg, Russia, thus finalising a five-year project, informs the company’s press service. The port of Bronka (owned and operated by LLC Fenix) is a new deepwater, state-of-the-art […]

European Commission simplifies rules for public investment in ports

European Commission

The European Commission (EC) approved last week new state aid rules that exempt certain public support measures for ports and some other infrastructure facilities from prior Commission scrutiny. Previously, Member States were required to notify the EC about their plans of public investment into infrastructure projects and obtain its approval. The 2014 “General Block Exemption Regulation” enabled […]

Algeciras: Green Island on global trade routes

Algeciras Port general view

Spanish ports are going through some hard times this year. Having finished 2016 on a positive note, their performance has been significantly compromised in February and March by the dockworkers’ strike, vastly announced but hardly taken place, still having urged some shipping lines to implement contingency plans and re-route their vessels to alternative ports in […]

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