INTTRA, the world’s leading shipping trade platform, is being acquired by E2open, cloud-based supply chain solutions provider, INTTRA announced yesterday. The combination of the two is expected to create an integrated global supply chain and logistics operating network with access to worldwide ocean container capacity and information. INTTRA was founded back in 2001 as a […]
APM Terminals (APMT) announced the decision to divest their container terminal in Izmir, Turkey. The terminal will be sold to APMT’s current partner, the State Oil Company of the Azerbaijan Republic (SOCAR), a wholly state-owned national oil and gas company headquartered in Baku, Azerbaijan. The sale is subject to regulatory approvals and is expected to […]
The Russian state-owned oil transporting company Transneft has consolidated 60.62% of shares in Novorossiysk Commercial Sea Port (NCSP). According to the company’s press service, Transneft has closed the deal by acquiring 50% of Novoport Holding from Summa Group for USD 750 mln. Novoport Holding is a joint venture, where Transneft and Summa owned 50% each, and […]
DP World yesterday announced the acquisition of 100% of the Unifeeder Group for EUR 660 mln from Nordic Capital Fund VIII and certain minority shareholders. Based in Aarhus (Denmark), Unifeeder is the largest European container feeder operator with an extensive shortsea network connecting approximately 100 ports. The deal is subject to regulatory approvals and expected […]
PSA International yesterday announced the signing of an investment agreement with Ashcroft Terminal, whereby PSA acquires 60% of this rail terminal in Western Canada. The deal marks the entry of the Singapore-based global port operator into the North American market as well as its first inland facility in Canada. The Ashcroft Terminal is located approx. […]
China Merchants Port Holdings Company Ltd (CMPort) completed the transaction to acquire the Port of Newcastle, the largest port on the east coast of Australia and the world’s leading coal export facility. Forming the company’s first investment in the Oceania region, it signifies that CMPort has achieved a full coverage of the six continents. Following […]
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 […]
Delo Group, one of the leading Russian stevedoring companies operating grain and container terminals in the port of Novorossiysk on the Black Sea, announces the acquisition of a 30.75% stake in Global Ports Investments PLC (Global Ports), Russia’s largest operator of container terminals. The deal, which was initially announced at the end of December 2017, […]
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 […]
