Maersk agreed a lesser fine on the Russian cartel case

competition charges

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. […]

DP World increased volumes by 3.2% in 2016

DP World financial results

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 […]

Spanish container volumes up in 2016

TradeLens

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% […]

Port infrastructure conference in Moscow

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 […]

New container terminals report from Drewry

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 […]

CMA CGM and COSCO to cooperate in ports segment

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 […]

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