COMMENT: Liner shipping seems to function on the basis of a merry-go-round logic when it comes to economic rationale, writes Ben Hackett.
A global investment firm has signed a definitive agreement to acquire 90% of Global Gateway South (GGS) a leading terminal in the North American Port of Los Angeles.
The MoU between COSCO SHIPPING ports and CMA Terminals Holding shows that the container arms of the shipping lines are also allying themselves to each other, in addition to the shipping lines and opposing ports.
CMA CGM is said to be seeking a buyer for Neptune Orient’s container terminals in the US, Japan and Taiwan, as well as its joint ventures in Vietnam, Thailand, China and the Netherlands.
The Panama Canal Authority has issued a Request for Proposals (RFP) to four pre-qualified port operators selected to compete for the concession to design, develop, finance, construct, operate and maintain Corozal Container Terminal, located in the Pacific entrance of the Panama Canal.
Global shipping consultancy, Drewry, says as the sector is being faced with the dual challenges of weaker demand growth and rising costs due to larger vessels and alliances, terminal operators are looking to consolidate terminal ownership.
Shipping group, CMA CGM, and PSA Singapore Terminals (PSA) have joined forces to form a joint venture company - CMA CGM-PSA Lion Terminal (CPLT).
Southeast Asia has everything going for it – apart from timing, writes Stevie Knight
Carriers facing hard times face another round of terminal asset sales. Mike Mundy reports
CMA CGM LOG, a subsidiary of CMA CGM Group, is developing its presence in Cuba after signing an agreement with the Cuban government to build a logistics hub at PSA-operated Port of Mariel.
The 25-year concession for Kribi Container Terminal in Cameroon has been won by a French-Chinese consortium made up of CMA CGM, Bolloré and China Harbour Engineering Company (CHEC).
According to French daily press, an unsuccessful bidder in the recent round of bidding for the second container terminal in Abidjan is contesting the concession granted to the consortium comprising of APM Terminals, Bollore and Bouyges.
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