DP World yesterday announced the acquisition of 100% of the Unifeeder Group for EUR 660 mln from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus (Denmark), Unifeeder is the largest European container feeder operator with an extensive shortsea network connecting approximately 100 ports. The deal is subject to regulatory approvals and expected […]
DP World continues the struggle to protect its rights in the dispute with the Djibuti government over the Doraleh Container Terminal. Last Thursday, the London Court of International Arbitration held that Djibouti did not have sovereignty over a contract governed by English law. The Court has also established that, in the absence of an express […]
Port Network Authority of the Ionian Sea, the managing institution of the Port of Taranto, officially published its first positive evaluation of the proposal of Yilport Holding, Istanbul-headquartered port operator, regarding the concession of the container terminal at the Port of Taranto, Italy. Yilport’s press service informed about it last Friday. Robert Yuksel Yildirim, Chairman […]
PSA International yesterday announced the signing of an investment agreement with Ashcroft Terminal, whereby PSA acquires 60% of this rail terminal in Western Canada. The deal marks the entry of the Singapore-based global port operator into the North American market as well as its first inland facility in Canada. The Ashcroft Terminal is located approx. […]
The Board of Directors of the Port Authority of Algeciras (La Autoridad Portuaria de la Bahia de Algeciras, APBA), Spain, last week approved the basic conditions for Total Terminal International Algeciras (TTI Algeciras) to use the Phase B land plot of Isla Verde Exterior in order to expand TTI’s operations in the port. According to the […]
A shipment of 17 tonnes of almonds has successfully arrived to Hamburg from Sunraysia in Victoria, Australia, as a result of a blockchain-enabled logistics experiment promoted by Commonwealth Bank of Australia (CBA). In the experiment, the world’s second largest almonds producer Olam Orchards Australia Pty Ltd and CBA joined forces with Pacific National for rail haulage, […]
The growth of container traffic at Russian ports, although still in double digits, is slowing down in 2018. According to the Association of Russian sea commercial ports, during the first 6 months of the current year the container throughput of all Russian ports was 2.5 mln TEU, which is 11.6% up from the last year’s […]
Norfolk International Terminals (NIT), US East Coast, is currently taking delivery of the first 6 rail-mounted gantry cranes (RMGs) out of the massive order of 60 new Konecranes RMGs as part of its USD 375 mln capacity expansion project, the Virginia Port Authority informs. This shipment comes as part of the USD 217 mln contract to […]
PSA International is currently testing automated quay cranes (AQCs) at its Pasir Panjang Terminal in Singapore to enhance efficiency of operations and improve working conditions for crane operators, Channel NewsAsia informs. Instead of sitting in a booth of an STS crane 17 storey high, the operators will be monitoring the work of their cranes remotely […]
China has approved an extended 3-year programme aimed to decrease the coal consumption in 82 cities by year 2020 by 5-10% as compared to the 2016 level, the Russian business newspaper Vedomosti informs. This may lead to a significant drop in coal prices by 2020-2021. The average coal price in the first 6 months of […]
