On 22 November, Korea Line signed a deal to acquire the Asia-US business of Hanjin Shipping. The deal worth 37 billion won (USD 31.5 mln) involves the business network and client information of Hanjin’s Asia-US route, subsidiaries in 7 countries including the US, China and Vietnam, and 574 workers based in Korea and overseas, writes […]
Category: News
Russia – Iran container logistics by Caspian Sea
FESCO Transportation Group launches a new Trans-Caspian container logistics service for shipping import cargo from Iran, announces the company’s press release. FESCO Russia Iran Service (FRIS) includes shipping by Caspian Sea on board the vessels of FESCO partners, terminal handling in the ports of Olya (Russia) and Nowshahr or Bandar-e Anzali (Iran) and inland transportation […]
Metro railcars from Spain to Colombia
Höegh Autoliners ships 60 railcars from Spain to Colombia for the expansion of the Medellin Metro network which will help to reduce the congestion of its 2.5 mln inhabitants, writes the company’s press release. Construcciones y Auxiliar de Ferrocarriles (CAF), a Spanish world leading manufacturer of rail cars with factories in Zaragona and Beasain, […]
NYK acquires 20% in Maher Terminals
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 […]
Container weighing solution for ports
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 […]
Argentina pushes DP World for investments
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, […]
Korea Line wins Hanjin’s Asia-US business
On Monday, Seoul Central District Court awarded Korea Line the first right to purchase the Hanjin’s shipping assets on Asia-US route and a 54% stake in Total Terminals International LLC, an operator of Long Beach Terminal, California, writes the Wall Street Journal today. As we wrote earlier, five companies submitted initial bids for these assets, […]
Russia plans to build a new grain terminal
Russian JSC “United Grain Company” (UGC) has set up its 100% subsidiary – Far-Eastern Grain Terminal Ltd, with the aim to design and build a grain handling facility in the sea port of Zarubino (200 km to the south of Vladivostok, 70km to the Russia-China border), as announced in UGC’s press release of November 11. […]
HMM and Korea Line bid for Hanjin Asia-US business
Hyundai Merchant Marine (HMM) and Korea Line, owned by SM Group, have submitted final bids for the Asia-US assets of bankrupt Hanjin Shipping, writes Lloyd’s Loading List. Seoul Central District Court, which oversees Hanjin’s bankruptcy procedure, is expected to announce the preferred bidder this week. The sale is to be concluded by November 21. Hanjin’s […]
A new investor for Russian Railways inland terminal
Yingkou Port (China) will acquire from Russian Railways 49% of the share capital of Bely Rast logistics centre near Moscow on the basis of an open competition, announces Russian Railways’ press release. This is provided by the cooperation agreement signed by the President of Russian Railways (RZD) Oleg Belozerov and the CEO of China Yingkou […]
