The French shipping Group CMA CGM has announced this week that it is acquiring Containerships, the Finnish company specializing in the Intra-European container shipping. According to the agreement signed on 20 June 2018 by CMA CGM and Container Finance Ltd Oy, the current owner of Containerships, the entire shipping, harbour and terminal holdings of Container […]
Cosco Shipping has suggested a solution to the US officials with regards to the Long Beach Container Terminal in order to get their permission for the OOCL acquisition, The Wall Street Journal informs. In July 2017, the Chinese state-run Group offered to buy Hong Kong’s Orient Overseas International Ltd (OOIL), the parent company of OOCL […]
The Port of Cork, Ireland, announced yesterday the commencement of the new Cork Container Terminal development in Ringaskiddy, a former fishing village 15 km from Cork city on the western coast of Cork Harbour and now a deep-water ferry port. The Cork Container Terminal will be built on a 13.5 ha plot and will initially […]
The project of a new deep-water region of the Arkhangelsk port in the north of Russia was presented to the state-run Vnesheconombank (Bank for Development and Foreign Economic Affairs, or VEB) as one of the projects competing for federal funding, informs PortNews agency. The project includes construction of a modern transport hub consisting of four […]
Indonesia strives to challenge Singapore’s dominance in the region with a number of own port projects, aiming to become a new global transhipment hub on China’s maritime Silk Road, writes Nikkei Asian Review. After taking office in October 2014, Indonesian President Joko Widodo endorsed the five-year plan worth 700 trillion rupiah (USD 50.6 bln) to develop the maritime […]
Sihanoukville, Cambodia’s only deep-sea port, is about to launch a new multipurpose terminal that will be able to accommodate larger vessels, informs The Phnom Penh Post. According to Lou Kim Chhun, Chairman and CEO of Sihanoukville Autonomous Port (PAS), the inauguration is scheduled for June 25 and will be presided over by Prime Minister Hun […]
Kalmar, part of Cargotec, has announced that it was contracted by Noatum Ports to perform specialised repair work on a ship-to-shore crane located at its container terminal in Valencia, Spain. The work is scheduled to last 24 weeks and is to be completed in the beginning of Q3 2018. Noatum Container Terminal Valencia is part […]
India has selected an Iranian company, Kaveh Port and Marine Services, to run the Chabahar port in Iran for 18 months until it selects a firm to manage and maintain the facility for a longer term, informs Hindustan Times. The Bandar Abbas-based company was chosen as an interim solution in order to comply with the […]
The European Commission has accepted the proposal of the Spanish Ministry of Public Works and Transport to expand the Atlantic and Mediterranean Corridors within the Trans-European Transport Network to include the Spanish ports that were kept beyond the TEN-T so far. These ports are Gijon, La Coruna, Huelva, Las Palmas, Tenerife and Palma de Mallorca, […]
Gulftainer, a privately owned United Arab Emirates port operator, registered a record gross crane productivity of 32.2 crane moves per hour in April 2018 at its flagship gateway terminal, Sharjah Container Terminal (SCT), in Port Khalid, informs Thomson Reuters Middle East edition Zawya. Compared to the industry average of 25 crane moves per hour, this significant […]
