Kerry Logistics, Asia’s leading 3PL service provider, announced this week the signing of a memorandum of understanding between its member company Globalink and Anaklia City JSC to develop the Anaklia Deep Sea Port and Special Economic Zone on Georgia’s Black Sea coast. Scheduled for opening by the end of 2020, Anaklia is expected to become […]
The Port of Tallinn (AS Tallinna Sadam) has announced an auction for the equipment of the coal terminal located on two land plots in Muuga Harbour. The equipment is listed in the Annex to the Notice of Auction and includes a stacker, a reclaimer, railway tracks for these, a ship loader, band conveyors and wagons […]
Following the arrest of Ziavudin Magomedov and his brother Magomed, the owners of Summa Group and major players in the Russian transport sector, on 31 March 2018, the Tverskoy court in Moscow seized their assets, which included 4 vehicles, 2 apartments as well as shareholding and bank accounts of many companies owned by Summa. Among […]
The Port of Vancouver has announced the allocation of CAD 167 mln (USD 125 mln) by the federal government for three projects aimed to improve the port’s rail infrastructure and reduce traffic congestion. Combined with CAD 55.8 mln (USD 42 mln) announced last month for four other critical infrastructure projects in the region, this brings […]
China Merchants Port Holdings Company Ltd (CMPort) completed the transaction to acquire the Port of Newcastle, the largest port on the east coast of Australia and the world’s leading coal export facility. Forming the company’s first investment in the Oceania region, it signifies that CMPort has achieved a full coverage of the six continents. Following […]
DP World Antwerp signed an agreement with NxtPort, as first terminal operator committing to make all its data available on the platform. This means information related to containers that are handled at the terminal such as gate in, gate out, loading and unloading can be retrieved through API’s. We already wrote earlier, that the Port of […]
The French shipping Group CMA CGM has announced this week that it is acquiring Containerships, the Finnish company specializing in the Intra-European container shipping. According to the agreement signed on 20 June 2018 by CMA CGM and Container Finance Ltd Oy, the current owner of Containerships, the entire shipping, harbour and terminal holdings of Container […]
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 […]
The Port of Cork, Ireland, announced yesterday the commencement of the new Cork Container Terminal development in Ringaskiddy, a former fishing village 15 km from Cork city on the western coast of Cork Harbour and now a deep-water ferry port. The Cork Container Terminal will be built on a 13.5 ha plot and will initially […]
The project of a new deep-water region of the Arkhangelsk port in the north of Russia was presented to the state-run Vnesheconombank (Bank for Development and Foreign Economic Affairs, or VEB) as one of the projects competing for federal funding, informs PortNews agency. The project includes construction of a modern transport hub consisting of four […]
