The President of the Valencia Port Authority (Autoridad Portuaria de Valencia, APV) Aurelio Martinez disclosed last week the details of the Northern Terminal, a new automated container facility at Valencia of the future. The announcement was made after the APV Board of Directors had approved the EUR 1,200 mln mega-project of the port’s expansion. Today, […]
APM Terminals’ Moin Container Terminal (MCT) in Costa Rica has been granted permission by the National Council of Concessions (CNC) to start commercial operations at its first deep-sea berth. This is a key step for the terminal, as it allows to transfer all commercial container ships currently serviced at Puerto Limon and Puerto Moin to […]
Container throughput of Russian seaports has almost recovered up to the pre-crisis level of 2014. In January-September 2018 the Russian ports handled 3.8 mln TEU (+11.5% y-o-y to 2017). In 2014, this figure was 3.99 mln TEU, before the container volumes dropped dramatically by 25.4% in 2015, as a result of the economic sanctions declared […]
INTTRA, the world’s leading shipping trade platform, is being acquired by E2open, cloud-based supply chain solutions provider, INTTRA announced yesterday. The combination of the two is expected to create an integrated global supply chain and logistics operating network with access to worldwide ocean container capacity and information. INTTRA was founded back in 2001 as a […]
Cosco-managed Piraeus Port Authority (PPA) urges the Greek government to speed up the approval of the investment plan aimed at attracting more business to Greece’s largest port, informs Reuters. The news agency quotes Captain Fu Chengqiu, PPA CEO, saying last Friday: “I am ready with cash and will wait until the end of this year. […]
A conflict is burning around the new coal terminal “Lavna” which is being developed at the northern port of Murmansk in Russia. Swiss-based MERCURIA Energy Trading S.A., one of the largest global coal traders, seems to be kicked out of the project and replaced by an unknown local entity associated with the owner of Russia’s major […]
APM Terminals (APMT) announced the decision to divest their container terminal in Izmir, Turkey. The terminal will be sold to APMT’s current partner, the State Oil Company of the Azerbaijan Republic (SOCAR), a wholly state-owned national oil and gas company headquartered in Baku, Azerbaijan. The sale is subject to regulatory approvals and is expected to […]
Gulftainer plans to invest USD 3 bln over the next five years with financing from investors and banks, as the privately owned UAE port operator seeks to double its container capacity and acquire assets, informs The National quoting Gultainer’s CEO. Peter Richards, Group Chief Executive Officer, told the publication that the company wants to reach […]
Abu Dhabi Ports and its subsidiary Maqta Gateway LLC have started implementing the first international blockchain project in partnership with the Port of Antwerp, Belgium. This has been announced at GITEX Technology Week that is going on now in Dubai, informs Thomson Reuters’ Middle East edition Zawya. Maqta Gateway became the first local entity in […]
The Ministry of Oceans and Fisheries of South Korea has said today that it will look into the feasibility of developing a port at the Russian Far East to help local companies take advantage of its strategic location, informs The Korea Herald. The Ministry refers to the port of Slavyanka, which is located 28 nautical […]
