DP World confirmed its interest in acquiring shares of Novorossiysk Commercial Sea Port (NCSP) in Russia, together with its partner, the Russian Direct Investment Fund (RDIF), announced Russian news agency TASS last week quoting DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem. “Novorossiysk is very interesting. Today we are more interested in brownfield […]
EVRAZ, Russian steel producing giant with own coal and iron ore mining operations, is ready to sell its port asset in the Russian Far East – Nakhodka Sea Commercial Port, with the aim of reducing its debt load, writes Kommersant. The Group owns 100% of the port and is searching for investors to buy either […]
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 […]
NYK Ports, a subsidiary company of Japanese Nippon Yusen Kabushiki Kaisha (NYK Line), acquired a 20% share of Maher Terminals (Maher) on 16 November, 2016. As announced in the company’s press release, the investment is effected together with Macquarie Infrastructure Partners III L.P., a 10-year closed end fund that focuses on investments in infrastructure and […]
Today is a closing day of Intermodal Europe 2016, an international container transport and logistics fair and conference, this year taking place in Rotterdam. The exhibition is a perfect place to showcase the latest innovations, products and logistic solutions. Some of them are presented by a Finnish company Tamtron, developer and producer of innovative weighing […]
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, […]
In Vladivostok, Russia, goes on the conflict between the dockers and the management of Vladivostok Sea Commercial Port (part of the FESCO Transportation Group of the Summa Group holding). Following the mass actions caused by the forced redundancy of the dockers of the port’s container terminal of which we wrote earlier, the transport prosecutor’s office […]
On Friday, 4 November 2016, a new deep water container terminal Liverpool2 was officially opened at the Port of Liverpool by the Secretary of State for International Trade, Rt Hon Dr Liam Fox MP. The facility is one of the UK’s largest private sector infrastructure projects, being a UKP 400 mln (USD 500 mln) investment […]
A new container handling system has been announced by UK-based ports consultants, writes Maritime Executive. The locking system, called BLOK-BEAM, enables a standard single spreader ship-to-shore crane to lift and transport six containers as one single block. BLOK-BEAM comprises a pair of steel beams unitizing three containers horizontally, three more can be interconnected directly below. […]
Today at a joint press conference, the three Japanese shipping lines – K Line, NYK and MOL – announced of an agreement to integrate their container shipping and overseas port businesses. According to their joint statement, Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha have signed contracts agreeing the establishement […]
