APM Terminals (APMT) recedes from selling its port facilities at Pipavav and Jawaharlal Nehru Port Trust (JNPT) in India, writes The Hindu BusinessLine quoting top executives at two local companies who participated in the bidding process. “We looked at the two facilities for a potential acquisition. But, APM Terminals decided to put it on hold,” […]
On Saturday, 23 September 2017, Abu Dhabi Ports announced the official start of operations at Fujairah Terminals in the East coast of the United Arab Emirates. The event was celebrated at Novotel Fujairah, attended by Sheikh Saleh bin Mohammed Al Sharqi, Chairman of the Board of Port of Fujairah, Captain Mohamed Juma Al Shamisi, CEO […]
The Indian government is hopeful that the strategic Chabahar Port in Iran will be operational by the end of 2018, informs Indian NDTV quoting Nitin Gadkari, Minister for Shipping, Road Transport, Highways and Water Resources. “It will be a win-win situation for India, Iran and Afghanistan as trade and business through this route could reach […]
Chinese port operator China Merchants Port Holdings (CMPort) has announced the acquisition of an 85% stake in Hambantota Port at Sri Lanka for USD 974 mln. The Concession Agreement to develop, manage and operate the port has been reached between the company, the government of Sri Lanka, Sri Lanka Ports Authority (SLPA), Hambantota International Port […]
Iran has recently proposed to India to manage Phase 1 of its port of Chabahar, informs India’s The Economic Times. This confirms India’s presence in this strategic gateway to landlocked Afghanistan and other Central Asian markets. Located on the southeastern tip of Iran, Chabahar is the country’s only oceanic port. As it lies outside the Persian […]
Global port operator DP World will enter Yuzhny port (Ukraine, Odessa region) by the end of 2017, said Volodymyr Omelyan, the Minister of infrastructure of Ukraine at the meeting with representatives of P&O Maritime FZE, a subsidiary of DP World, earlier this week, informs press service of the Ministry. The meeting was also attended by […]
The Port Authority of Algeciras, Spain, has extended the term for submission of bids for constructing and operating the third container terminal at the port until 31 May 2017. Initially, the international public tender launched last August had the bidding deadline on 30 November 2016, but later the deadline was postponed until 31 March 2017 […]
The tender for a container terminal at Corozal to serve the Panama Canal has expired because no bids were received by the Panama Canal Authority (ACP), wrote yesterday Splash 24/7. As we informed last year, four global port operators, including APM Terminals, Terminal Link, PSA International and Terminal Investment Ltd., were selected to compete for […]
The port of Buenos Aires is undergoing a number of major changes in its layout and makes a list of potential bidders who will compete in the tender for two container terminals, which is scheduled for the beginning months of 2017, writes Port Strategy, citing Latin America news agency Marco Trade News. The two terminals […]
DP World has officially requested permission to renew the terminal concessions to operate in the Port of Buenos Aires, Port Strategy writes today. The request was made by Dubai’s Economy Minister Sultan Bin Saeed Almansoori to the Argentinian vice president Gabriela Michetti. The concessions are due to expire in 2019. Nevertheless, Argentina’s president, Mauricio Macri, […]
