Indonesia strives to challenge Singapore’s dominance in the region with a number of own port projects, aiming to become a new global transhipment hub on China’s maritime Silk Road, writes Nikkei Asian Review. After taking office in October 2014, Indonesian President Joko Widodo endorsed the five-year plan worth 700 trillion rupiah (USD 50.6 bln) to develop the maritime […]
The European Commission has accepted the proposal of the Spanish Ministry of Public Works and Transport to expand the Atlantic and Mediterranean Corridors within the Trans-European Transport Network to include the Spanish ports that were kept beyond the TEN-T so far. These ports are Gijon, La Coruna, Huelva, Las Palmas, Tenerife and Palma de Mallorca, […]
Delo Group, one of the leading Russian stevedoring companies operating grain and container terminals in the port of Novorossiysk on the Black Sea, announces the acquisition of a 30.75% stake in Global Ports Investments PLC (Global Ports), Russia’s largest operator of container terminals. The deal, which was initially announced at the end of December 2017, […]
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 […]
FESCO Transportation Group offices in Moscow and Vladivostok as well as the Vladivostok Sea Commercial Port (VSCP) were searched on March 30 and 31 as part of the investigation proceedings against Ziavudin Magomedov, owner of Summa Group, the major shareholder of FESCO and VSCP. Both FESCO and the Port confirm business as usual and state […]
Djibouti dismissed the speculations that appeared last week about the reasons behind the government’s expropriation of Doraleh Container Terminal (DCT) from DP World, informs Africa Times. In his statement in Twitter on Friday, Mohamed Siad Doaleh, Djibouti’s ambassador to the United States, claimed as “false” the idea that Djibouti would give the disputed Doraleh terminal […]
Australia, the United States, India and Japan are in talks about establishing a joint regional infrastructure scheme as an alternative to China’s One Belt One Road concept, writes Reuters. The unnamed senior U.S. official has been quoted as saying that the plan is still “nascent” but is being seriously discussed adding that it is on […]
The Baltic and International Maritime Council (BIMCO), the world’s largest international shipping association, published its Dry Bulk Terminals Vetting report for 2017, evaluating terminals’ performance from January 2015 to December 2017. BIMCO started this practice of collecting data and ranking dry bulk terminals according to their performance back in January 2015. The data is gathered […]
The Freeport of Riga Authority sets its focus for 2018 on the retention of its position on existing markets and on an active work in the new regions, such as India and Iran, in order to attract new cargo and passenger flows as well as investments to the port, informs the press service of the […]
Following our recent publication on the troubles that the Turkish port operator Yilport Holding has lately encountered with its project in Ecuador while developing the terminal at Puerto Bolivar, we have received an official statement on the dispute, which was issued by Robert Yuksel YILDIRIM, the Chairman of YILPORT Holding and President & CEO of […]
