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 […]
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, […]
Following DP World’s announcement of the Djibouti Government illegally taking control of Doraleh Container Terminal S.A at the end of February, more news is coming from the region. On 1 March 2018, the Dubai-based global terminal operator signed an agreement with the Government of Ethiopia, whereby Ethiopia enters into DP World Berbera Port becoming its […]
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 […]
The CMA CGM Group completed the sale of its 90% equity interest in Global Gateway South terminal (GSS) at the port of Los Angeles, United States, informed the company on December 01, 2017. The stake was acquired by the infrastructure investment consortium – EQT Infrastructure III and its partner P5 Infrastructure – for an enterprise […]
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 […]
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 […]
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. […]
Today, July 10, the 3 Japanese shipping lines – K Line, NYK and MOL – have officially announced details of the establishment of their joint venture “Ocean Network Express” (ONE) and the appointment of Jeremy Nixon as ONE CEO. According to the press release published at the new website launched specifically for the JV, the […]
Yildirim Holding AS seeks buyers for its 24% stake in CMA CGM, as it moves ahead with a plan to acquire Ports America Holdings Inc., the US terminal operator, writes Bloomberg. With this purpose, Yildirim mandated China Citic Bank Corp. to find investors from Asia or the Persian Gulf. In an interview in Istanbul this week, […]
