MSC intends to buy out the shares of Gruppo Investimenti Portuali (GIP), its partner in the new container terminal under construction in the Italian port of Genoa, and thus to consolidate 100% of the terminal, informs The MediTelegraph. Not so long ago, in June 2018, the Western Ligurian Sea Port Authority managing the Genoa port […]
Nine leading ocean carriers and terminal operators signed a Declaration of Intent to form a consortium aimed at developing the Global Shipping Business Network (GSBN), an open digital platform based on distributed ledger technology. The signing ceremony took placeat the China International Import Expo inShanghai on 6 November 2018. The participants include shipping lines CMA […]
Cosco-managed Piraeus Port Authority (PPA) urges the Greek government to speed up the approval of the investment plan aimed at attracting more business to Greece’s largest port, informs Reuters. The news agency quotes Captain Fu Chengqiu, PPA CEO, saying last Friday: “I am ready with cash and will wait until the end of this year. […]
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 […]
Gulftainer plans to invest USD 3 bln over the next five years with financing from investors and banks, as the privately owned UAE port operator seeks to double its container capacity and acquire assets, informs The National quoting Gultainer’s CEO. Peter Richards, Group Chief Executive Officer, told the publication that the company wants to reach […]
Abu Dhabi Ports and its subsidiary Maqta Gateway LLC have started implementing the first international blockchain project in partnership with the Port of Antwerp, Belgium. This has been announced at GITEX Technology Week that is going on now in Dubai, informs Thomson Reuters’ Middle East edition Zawya. Maqta Gateway became the first local entity in […]
The port of Buenos Aires, Argentina’s main container gateway, is developing to meet the challenges of today’s shipping industry: larger vessels, bigger call sizes, consolidation among the players. The Port Authority – La Administracion General de Puertos (AGP) – plans to deepen the access channel, to change the port’s current layout consisting of finger piers […]
The Port of Newcastle (PoN), Australia, has disclosed the explicit interest on the part of global port operators to develop a container terminal at the port, informs The Newcastle Herald. According to Craig Carmody, Port of Newcastle CEO, the port has received a number of “unsolicited bids” in the weeks since potential operator DP […]
Following the recently announced extension of Noatum’s container terminal concession in Valencia, there comes the news of the company’s intention to invest EUR 26.5 mln into the terminal’s expansion, writes the Spanish daily Las Provincias. In late July, the Port Authority of Valencia (APV, La Autoridad Portuaria de Valencia) announced in the State’s Official Bulletin […]
DP World has announced the 1H 2018 financial results, showing a 14.4% revenue growth and a 7.9% increase in adjusted EBITDA. The reported revenue is USD 2,626 mln, its growth is accounted for by the volume growth across all three regions and the impact of new acquisitions including Drydocks World LLC, Dubai Maritime City and […]
