Tag: M&A

Gulftainer to develop a US East Coast port

port of wilmington

The State of Delaware, USA, has reached a preliminary agreement with the Gulftainer Group to lease the Port of Wilmington, construct a new container terminal on the Delaware River and significantly expand jobs at the Port over the next decade, Governor John Carney and Secretary of State Jeffrey Bullock announced yesterday. The Port of Wilmington is […]

HHLA takes over Estonia’s largest container terminal operator

Transiidikeskuse

Yesterday, 26 March 2018, Hamburger Hafen und Logistik AG (HHLA), the leading European port and transport logistics group, signed a contract to acquire Estonia’s leading stevedoring company Transiidikeskuse AS. Transiidikeskuse AS (TK) operates TK Muuga, the largest Estonian container terminal located at the port of Muuga on the Baltic Sea close to the country’s capital […]

DP World acquires another port in Peru

DP World Peru

Yesterday, 18 March 2018, DP World announced the acquisition of Cosmos Agencia Maritima S.A.C., a fully integrated logistics services provider based in Peru. Cosmos Group owns Neptunia S.A and Triton Transport S.A, that offer maritime and logistics services, and also possesses a 50% stake in Terminales Portuarios Euroandinos S. A. at the port of Paita, […]

Kalmar acquires Australian port service company

Inver Port Services

Kalmar, part of Cargotec, has signed an agreement to acquire Inver Port Services, a business unit of Inver Engineering in Australia, informs Kalmar’s press service. This investment supports Kalmar’s strategic aim to grow in services while strengthening and broadening Kalmar’s existing service capabilities throughout Australia, New Zealand and the Pacific. The acquisition deal will be […]

COSCO buys majority stake in Zeebrugge container terminal from APMT

APMT Zeebrugge

APM Terminals and Hong Kong-based COSCO Shipping Ports Ltd, a subsidiary of China COSCO Shipping Corporation Ltd, have agreed on the sale of APM Terminals’ 76% shares in the APMT Zeebrugge container terminal in Belgium to COSCO Shipping Ports, informed APMT yesterday. Currently, APM Terminals owns 51% in the facility, therefore, it has been agreed […]

Brazil’s large container terminal is acquired by China Merchants Port

China Merchants Port TCP

On 4 September, during the 2017 BRICS summit in Xiamen, China Merchants Port Holdings (CMPort) signed the share purchase agreement with TCP Participações S.A. (TCP) to acquire a 90% stake in TCP, the joint-venture that operates the port of Paranaguá, Brazil, informs the Group. The disclosed purchase price is 2.89 bln Brazilian reals (USD 925 […]

COSCO acquires dry port in Kazakhstan following OBOR strategy

Khorgos dry port

Chinese COSCO Shipping aggressively invests in ports and logistics hubs, writes Nikkei Asian Review and tells about its recent acquisitions of the Spanish port operator Noatum and an inland logistics hub in Khorgos, Kazakhstan. Whereas the Noatum deal has been widely highlighted in the media, including Port.Today, the deal with Kazakhstan’s terminal passed largely unnoticed. […]

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