On January, 29, the global port and terminal operator DP World took over operations at the port of Limassol (Cyprus) from the Cyprus Port Authority. In late April 2016, following a bailout plan between Cyprus and international creditors, the Government of the Republic awarded DP World a 25-year concession to operate Limassol multipurpose terminal handling break bulk, general and […]
Dubai-based port and terminal operator DP World Limited handled 63.7 mln TEU across its global portfolio of container terminals in 2016, as announced in today’s press release of the company. This represents a 3.2% growth of gross container volumes year-on-year on a reported basis, and 2.2% on a like-for-like basis (excluding 4 terminals opened or […]
End of last week Terminal Investment Limited (TIL), a port operating subsidiary of MSC, confirmed the acquisition of Hanjin’s stake in Total Terminals International (TTI), a company which leases and operates container terminals in the ports of Long Beach and Seattle on the West Coast of the United States. The deal includes all of Hanjin’s […]
Last week Drewry held a webinar called “Key trends and developments in the global ports and terminals market” presented by Neil Davison, Drewry’s Senior Analyst, Ports and Terminals. At the webinar Mr. Davidson introduced a new “Ports & Terminals Insight” report which is intended to be issued quarterly and to become complementary to Drewry’s annual terminal […]
Hyundai Merchant Marine Co. (HMM), announced last Friday its decision to buy a 20% stake in Total Terminals International LLC (TTI), an operator of Long Beach Terminal, California, wrote Business Korea. This news immediately follows the U.S. Bankruptcy Court’s approval of Hanjin Shipping Co.’s sale of its 54% stake in TTI to Terminal Investment Limited […]
COSCO Shipping Ports Limited (Cosco) and Hutchison Port Holdings Trust (HPHT) announced on Monday, 19th of December, of an agreement to jointly manage 3 terminal operating companies in the port of Hong Kong. The agreement concerns COSCO-HIT Terminals (Hong Kong) Limited (CHT), which is held 50/50 by Cosco and HPHT through intermediary companies and owns […]
South Korea’s Hyundai Merchant Marine Co. (HMM) has withdrawn from a joint bid with MSC for a controlling 54% stake in Total Terminals International LLC (TTI), an operator of Long Beach Terminal, California, writes The Wall Street Journal. In the beginning of December HMM and MSC formed a consortium to jointly acquire the stake in […]
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 […]
The French shipping line CMA CGM plans to sell the terminal assets of the Singaporean Neptune Orient Lines (NOL), reports The Straits Times citing Bloomberg. CMA CGM acquired NOL in June this year adding APL container line to its shipping portfolio. The terminals to be put up for sale include US West Coast terminals Global Gateway […]
On October, 18th Drewry held a webinar on the Global Container Terminal Operators Annual Review recently released by the company and now presented by Neil Davison, Senior Analyst, Ports and Terminals. The report, published annually for the last 14 years, provides comprehensive and enhanced analysis of terminal operators’ activity and has become an industry “bible”. […]
