The Port of Vancouver has announced the allocation of CAD 167 mln (USD 125 mln) by the federal government for three projects aimed to improve the port’s rail infrastructure and reduce traffic congestion. Combined with CAD 55.8 mln (USD 42 mln) announced last month for four other critical infrastructure projects in the region, this brings […]
The migrant crisis continues in Europe and the shipping industry is getting increasingly worried about it, as merchant ships are obliged to rescue persons in distress at sea but, as we have recently witnessed, these operations now may end up with ports being closed for migrants’ disembarkation. The recent case is the 1,068 TEU Maersk […]
China Merchants Port Holdings Company Ltd (CMPort) completed the transaction to acquire the Port of Newcastle, the largest port on the east coast of Australia and the world’s leading coal export facility. Forming the company’s first investment in the Oceania region, it signifies that CMPort has achieved a full coverage of the six continents. Following […]
DP World Antwerp signed an agreement with NxtPort, as first terminal operator committing to make all its data available on the platform. This means information related to containers that are handled at the terminal such as gate in, gate out, loading and unloading can be retrieved through API’s. We already wrote earlier, that the Port of […]
The French shipping Group CMA CGM has announced this week that it is acquiring Containerships, the Finnish company specializing in the Intra-European container shipping. According to the agreement signed on 20 June 2018 by CMA CGM and Container Finance Ltd Oy, the current owner of Containerships, the entire shipping, harbour and terminal holdings of Container […]
Cosco Shipping has suggested a solution to the US officials with regards to the Long Beach Container Terminal in order to get their permission for the OOCL acquisition, The Wall Street Journal informs. In July 2017, the Chinese state-run Group offered to buy Hong Kong’s Orient Overseas International Ltd (OOIL), the parent company of OOCL […]
The Port of Cork, Ireland, announced yesterday the commencement of the new Cork Container Terminal development in Ringaskiddy, a former fishing village 15 km from Cork city on the western coast of Cork Harbour and now a deep-water ferry port. The Cork Container Terminal will be built on a 13.5 ha plot and will initially […]
The project of a new deep-water region of the Arkhangelsk port in the north of Russia was presented to the state-run Vnesheconombank (Bank for Development and Foreign Economic Affairs, or VEB) as one of the projects competing for federal funding, informs PortNews agency. The project includes construction of a modern transport hub consisting of four […]
Indonesia strives to challenge Singapore’s dominance in the region with a number of own port projects, aiming to become a new global transhipment hub on China’s maritime Silk Road, writes Nikkei Asian Review. After taking office in October 2014, Indonesian President Joko Widodo endorsed the five-year plan worth 700 trillion rupiah (USD 50.6 bln) to develop the maritime […]
Sihanoukville, Cambodia’s only deep-sea port, is about to launch a new multipurpose terminal that will be able to accommodate larger vessels, informs The Phnom Penh Post. According to Lou Kim Chhun, Chairman and CEO of Sihanoukville Autonomous Port (PAS), the inauguration is scheduled for June 25 and will be presided over by Prime Minister Hun […]
