Heyl & Patterson (USA), the global leader in manufacturing world-class bulk material handling equipment, dispatched two tandem railcar dumpers for the largest Russian coal terminal JSC “Vostochny Port” (Russia) writes the port’s press release. The new equipment, of the total cost exceeding USD 7 mln, was shipped from Huston (USA) in late November and is […]
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 […]
The Cadiz Bay Port Authority (Cadiz, Spain) will invest EUR 20.7 mln in 2017 in various works, listed in the multiannual Investment Plan, as they have been approved in the corporate business plan for the next fiscal year by the Board of Directors which held its meeting this week, announces the Port Authority’s press release. […]
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To transfer large amounts of corporate data to the cloud as part of a migration effort can be rather a challenging task for a company. Just imagine: moving petabytes (1 mln gigabytes) or exabytes (1 bln gigabytes) of financial records, AutoCAD design drawings, engineering documentation, simulation files, scientific data, satellite images and corporate videos by […]
Earlier this week we wrote about the Oetker family meeting that was to take place on Wednesday, November 30 with the aim to decide on the future of the German container shipping line Hamburg Süd and of Maersk’s interest in the deal. And today Maersk Line and the Oetker Group have reached an agreement for […]
Last week the information leaked that members of the Oetker family, owners of Hamburg Süd, were discussing a potential sale of the shipping line. Now the Wall Street Journal writes that Maersk Line is looking to buy the German peer, citing “people with knowledge of the matter”. The momentous meeting of the family is reportedly […]
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 […]
During the visit of Dutch Prime Minister Rutte to Indonesia, the Port of Rotterdam Authority signed two important agreements for port construction. According to Port of Rotterdam’s press release of today, one is a joint venture agreement with the Indonesian state-owned port corporation Pelindo 1. The main purpose of this JV is to prepare the […]
