China’s plan to create free-trade ports as part of its ongoing reform and opening up could be one of the major announcements that President Xi Jinping is expected to make at Boao Forum for Asia (BFA) this week-end, South China Morning Post informs. BFA is often called Asia’s Davos and will take place on Hainan […]
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 […]
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, […]
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 […]
The State of Delaware, USA, has reached a preliminary agreement with the Gulftainer Group to lease the Port of Wilmington, construct a new container terminal on the Delaware River and significantly expand jobs at the Port over the next decade, Governor John Carney and Secretary of State Jeffrey Bullock announced yesterday. The Port of Wilmington is […]
Djibouti discusses with CMA CGM the development of a new container terminal at an initial cost of USD 660 mln, informs Reuters. Speaking on the sidelines of the Africa CEO Forum in Abidjan, Ivory Coast, on Tuesday, March 27, Aboubakar Omar Hadi, Chairman of the Djibouti Ports and Free Zone Authority (DPFZA), told Reuters that […]
Kalmar, part of Cargotec Corporation, has signed a deal with Deepwater Container Terminal (DCT) Gdansk in Poland to supply a total of five electrically powered RTG cranes with extensive customisation. The order also includes the supply of a spare parts package for the machines. The delivery is scheduled for early 2019. DCT Gdansk is Poland’s […]
Yesterday, 26 March 2018, Hamburger Hafen und Logistik AG (HHLA), the leading European port and transport logistics group, signed a contract to acquire Estonia’s leading stevedoring company Transiidikeskuse AS. Transiidikeskuse AS (TK) operates TK Muuga, the largest Estonian container terminal located at the port of Muuga on the Baltic Sea close to the country’s capital […]
The Port of Rotterdam Authority announced the start of construction of the Container Exchange Route (CER) that is designed to link the deepsea container terminals, empty depots, rail terminals and distribution companies at Maasvlakte port area. The goal of this project is to reduce exchange costs between the various companies and further improve connections with […]
Vladivostok Sea Commercial Port (VSCP), part of FESCO Transportation Group, completed one stage of the container terminal berth reconstruction project, informs the port’s press service. The modernization project involved repairing the existing quay equipment and installation of new marine fenders allowing the terminal handle vessels with larger drafts. Thus, the maximum allowable draft at container […]
