Port Network Authority of the Ionian Sea, the managing institution of the Port of Taranto, officially published its first positive evaluation of the proposal of Yilport Holding, Istanbul-headquartered port operator, regarding the concession of the container terminal at the Port of Taranto, Italy. Yilport’s press service informed about it last Friday. Robert Yuksel Yildirim, Chairman […]
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. […]
The Moscow Arbitration Court of Appeal finally adopted yesterday the settlement agreement between the Federal Anti-Monopoly Service of Russia (FAS) and Container Terminal Saint-Petersburg (CTSP), owned by the Russian transportation group UCL Holding, in an anti-trust litigation, CTSP press service informs. FAS has admitted that the container handling tariff rates of CTSP are economically justified […]
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 […]
India has selected an Iranian company, Kaveh Port and Marine Services, to run the Chabahar port in Iran for 18 months until it selects a firm to manage and maintain the facility for a longer term, informs Hindustan Times. The Bandar Abbas-based company was chosen as an interim solution in order to comply with the […]
Gulftainer, a privately owned United Arab Emirates port operator, registered a record gross crane productivity of 32.2 crane moves per hour in April 2018 at its flagship gateway terminal, Sharjah Container Terminal (SCT), in Port Khalid, informs Thomson Reuters Middle East edition Zawya. Compared to the industry average of 25 crane moves per hour, this significant […]
Holt Logistics has become the first independent port operator in the northeastern United States to adopt the global trade platform based on the blockchain technology developed by Maersk and IBM, informs Port Technology. The solution was launched last year and aims to provide transparency and promote the sharing of information between all players of a […]
Billions of euros of investment in upgrades to West African harbors by governments and companies will provide enough capacity for them to operate sufficiently for the next 10 years, Bloomberg writes today quoting Bollore Ports, the leading port operator in Africa. Countries in the region have been investing heavily in ports to cope with rising […]
Yilport Holding A.S., a subsidiary of Yildirim Group, has signed a letter of intent (LOI) with the Mississippi State Port Authority to allow for due diligence and negotiations regarding the potential location of Yilport at Gulfport, USA., which will become Yilport’s first terminal investment in North America. Strategically located on the northern Gulf of Mexico, […]
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 […]
