On January, 29, the global port and terminal operator DP World took over operations at the port of Limassol (Cyprus) from the Cyprus Port Authority. In late April 2016, following a bailout plan between Cyprus and international creditors, the Government of the Republic awarded DP World a 25-year concession to operate Limassol multipurpose terminal handling break bulk, general and […]
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% […]
Greece set March, 24th as a deadline for potential investors to submit binding bids for a sale of 67% in its second biggest port, Thessaloniki, reports Reuters quoting its sources close to the matter. It is also noted that previous deadlines were several times postponed due to disputes over the amount of mandatory investment and […]
The port of Antwerp is the first of the major European ports to provide the 2016 throughput statistics. According to its press release it handled a total freight volume of 214 mln tonnes in 2016, up 2.7% on the previous year. This was achieved through a strong growth in containerised freight making up the major […]
In 2016 MSC PSA European Terminal (MPET) in Antwerp, formerly known as the MSC Home Terminal, has moved its operations from the Delwaidedock on the right bank of the river Scheldt to the Deurganckdock on the left bank. With this purpose the terminal on the left bank has been expanded to an annual capacity of 9 mln TEU. The […]
Spanish major terminal operator Noatum and Algeposa Group, one of Spain’s leading logistic operators, agreed to integrate the assets and teams of their companies functioning in the port of Sagunto, 25 km north of Valencia, announced yesterday’s press release of Noatum. The alliance of Logística Portuaria de Sagunto, S.A. and Noatum Terminal Polivalente Sagunto will result […]
The Cadiz Bay Port Authority (Cadiz, Spain) will invest EUR 20.7 mln in 2017 in various works, listed in the multiannual Investment Plan, as they have been approved in the corporate business plan for the next fiscal year by the Board of Directors which held its meeting this week, announces the Port Authority’s press release. […]
Earlier this week we wrote about the Oetker family meeting that was to take place on Wednesday, November 30 with the aim to decide on the future of the German container shipping line Hamburg Süd and of Maersk’s interest in the deal. And today Maersk Line and the Oetker Group have reached an agreement for […]
Last week the information leaked that members of the Oetker family, owners of Hamburg Süd, were discussing a potential sale of the shipping line. Now the Wall Street Journal writes that Maersk Line is looking to buy the German peer, citing “people with knowledge of the matter”. The momentous meeting of the family is reportedly […]
Hyundai Merchant Marine (HMM) was chosen as preferred bidder in the sale of Total Terminals International Algeciras (TTI Algeciras) in Spain, one of the lucrative assets of Hanjin Shipping, says HMM’s press release dated Friday. TTI Algeciras operates the second largest (after APMT’s facility) container terminal in the port of Algeciras, Southern Spain. Its annual […]
