The Federal Anti-Monopoly Service of Russia (FAS) and A.P.Moller-Maersk A/S have negotiated a settlement agreement on the cartel case, writes today Russian business newspaper Vedomosti. FAS does not disclose the details of the agreement. The service’s representative has said that on February, 13 there will be a court hearing where the agreement may be approved. […]
Dubai-based port and terminal operator DP World Limited handled 63.7 mln TEU across its global portfolio of container terminals in 2016, as announced in today’s press release of the company. This represents a 3.2% growth of gross container volumes year-on-year on a reported basis, and 2.2% on a like-for-like basis (excluding 4 terminals opened or […]
The Federal Anti-Monopoly Service of Russia (FAS) has fined 5 major shipping lines RUR 1.5 bln (approx. USD 25 mln) for cartel actions, writes TASS news agency. At the end of 2015, FAS declared that A.P.Moller-Maersk A/S, CMA CGM SA, Hyundai Merchant Marine Co., LTD, Orient Overseas Container Line Limited and Evergreen Marine Corp. Ltd […]
End of last week Terminal Investment Limited (TIL), a port operating subsidiary of MSC, confirmed the acquisition of Hanjin’s stake in Total Terminals International (TTI), a company which leases and operates container terminals in the ports of Long Beach and Seattle on the West Coast of the United States. The deal includes all of Hanjin’s […]
The year 2016 Spain’s major ports have finished on a positive note, registering growth in their container traffic. Algeciras, that was overtaken by Valencia in 2015, now outperformed its rival and confirmed its status of the country’s largest container hub by generating throughput of 4.759 mln TEU, which is equivalent to an increase of 5.4% […]
The conference “Port Infrastructure of Russia” will take place in Moscow, Russia on 22 March 2017. The conference is organized by the Russian business newspaper “Vedomosti” within the 8th annual conference “Barriers and points of growth for Russian transportation industry”. The topics to be discussed: Russian port infrastructure: current and perspective demands. Increase in port […]
Greece set March, 24th as a deadline for potential investors to submit binding bids for a sale of 67% in its second biggest port, Thessaloniki, reports Reuters quoting its sources close to the matter. It is also noted that previous deadlines were several times postponed due to disputes over the amount of mandatory investment and […]
The container throughput of Russian ports has grown by 1.4% in 2016, up to 3.99 mln TEU, reported the Association of Russian sea commercial ports. This is seen as a promising recovery after the last year’s fall by 25,4%. It may be reminded that the major drop in 2015 happened in imports (-28.5%), due to […]
Last week Drewry held a webinar called “Key trends and developments in the global ports and terminals market” presented by Neil Davison, Drewry’s Senior Analyst, Ports and Terminals. At the webinar Mr. Davidson introduced a new “Ports & Terminals Insight” report which is intended to be issued quarterly and to become complementary to Drewry’s annual terminal […]
On 26 January, CMA CGM announced in its press release that COSCO Shipping Ports signed a memorandum of understanding with CMA Terminals Holding, the CMA CGM port subsidiary, to reinforce the strategic cooperation and create more opportunities in global port operations and investments. The both parties agree to cooperate in ports worldwide with the focus […]
