Month: April 2018

Macquarie invests in Los Angeles container storage hub

Los Angeles container storage hub

The Harbor Performance Enhancement Center (HPEC), a project proposed by the Port of Los Angeles on Terminal Island to minimize port congestion and increase cargo flow, has secured USD 130 mln in funding from Macquarie Principal Finance, a division of Macquarie Group, informs American Shipper. The HPEC is designed as a common container storage yard serving […]

Day ONE. New shipping group starts its operations as planned

Ocean Network Express

Ocean Network Express Pte. Ltd. (ONE) has announced the commencement of container shipping operations on 1 April 2018, which is according to the initial schedule laid out when the company was established on 7 July 2017. ONE is the result of an integration of the container businesses of three Japanese shipping carriers: Kawasaki Kisen Kaisha, […]

One of the major Russian port owners arrested

Ziavudin Magomedov

FESCO Transportation Group offices in Moscow and Vladivostok as well as the Vladivostok Sea Commercial Port (VSCP) were searched on March 30 and 31 as part of the investigation proceedings against Ziavudin Magomedov, owner of Summa Group, the major shareholder of FESCO and VSCP. Both FESCO and the Port confirm business as usual and state […]

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