MSC intends to buy out the shares of Gruppo Investimenti Portuali (GIP), its partner in the new container terminal under construction in the Italian port of Genoa, and thus to consolidate 100% of the terminal, informs The MediTelegraph. Not so long ago, in June 2018, the Western Ligurian Sea Port Authority managing the Genoa port […]
DP World continues to protect its rights in the dispute with the Djibouti government over the Doraleh Container Terminal (DCT), which was illegally seized by the government in February 2018. Now DP World has taken legal action against China Merchants Port Holdings Co. Ltd (CM Port) for building an international free zone on the DCT area. […]
Gulftainer plans to invest USD 3 bln over the next five years with financing from investors and banks, as the privately owned UAE port operator seeks to double its container capacity and acquire assets, informs The National quoting Gultainer’s CEO. Peter Richards, Group Chief Executive Officer, told the publication that the company wants to reach […]
The port of Buenos Aires, Argentina’s main container gateway, is developing to meet the challenges of today’s shipping industry: larger vessels, bigger call sizes, consolidation among the players. The Port Authority – La Administracion General de Puertos (AGP) – plans to deepen the access channel, to change the port’s current layout consisting of finger piers […]
Following the recently announced extension of Noatum’s container terminal concession in Valencia, there comes the news of the company’s intention to invest EUR 26.5 mln into the terminal’s expansion, writes the Spanish daily Las Provincias. In late July, the Port Authority of Valencia (APV, La Autoridad Portuaria de Valencia) announced in the State’s Official Bulletin […]
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 […]
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 […]
The bidding process for the Phase 3 of the Laem Chabang port expansion will take place in October, informs Bangkok Post quoting Songtham Chantaprasit, acting director-general at the Port Authority of Thailand (PAT). The project’s terms of reference are still to be finalized within the next two months by PAT, but once bidding commences, winners […]
The illegal seizure of Doraleh port by the government of Djibouti will have minimal impact on DP World’s finances, the port operator said yesterday, as the UAE government voiced its support of the Dubai-based port operator. “There will be no material financial impact to the group as a consequence of these events,” the company said […]
