Finance, Legal & Insurance – Page 2
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NewsNews in brief: February/March 2025: Ports & Terminals
A round up of Port Strategy November/December 2024 issue’s Ports & Terminals news.
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NewsGlobal report: New concessions and extensions
Recent times have seen significant activity with the announcement of new concessions and others that have been extended. A summary of the more notable developments follows. The big news of TIL/Blackrock’s purchase of a majority stake in Hutchison Ports’ assets outside China is featured on pxx.
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NewsA new partnership in Moroccan transshipment
Marsa Maroc and Terminal Investment Limited (TIL) will share the terminal concession at Nador West Med
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NewsLagos Free Zone receives $50 million investment boost
The equity investment from the IFC will support Nigeria’s first deepsea port-based private special economic zone
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NewsKwinana port plans take shape
Plans for a new container port at Kwinana in Western Australia have been announced by the WA State Government, with operations potentially commencing by the late 2030s.
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News…and Confirma satisfaction of recent activity
Soren Toft, CEO, MSC, has commented positively about the company’s recent activity.
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NewsCMA CGM makes Morocco move
CMA CGM has confirmed that it has taken a stake in Nador West Med container port in Morocco, located about 120 nautical miles from the Strait of Gibraltar.
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NewsUSA: Comprehensive funding for clean ports
In one of the final acts of the outgoing Biden administration in the US, a total of US$3bn has been earmarked for port modernisation projects across 27 US states at 55 different locations.
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NewsNews in brief: November/December 2024: Ports & Terminals
A round up of Port Strategy November/December 2024 issue’s Port & Terminal news.
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News2. Durban truths told
In round one of a legal challenge APMT/Maersk has halted the award of Durban Container Terminal 2 to ICTSI but it is not over yet with ICTSI telling some home truths and identifying the solvency issue at the heart of APMT’s challenge as irrational
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NewsForth Green Freeport submits funding request
Forth Green Freeport has submitted its business case for £25 million seed funding to boost investment, job creation and decarbonisation in Scotland
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NewsISLA acquires EST for expansion
ISLA has acquired all shares in EST, a Sicilian stevedoring company, to enhance its logistics services and support growth strategy
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NewsPSA Baltics acquires 85% stake in Loconi
The acquisition of an 85% stake in Loconi will support PSA’s European container hubs and promote a shift from road to rail
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NewsTT Club names new CEO
Specialist transport and logistics insurer, TT Club, has named its new chief executive
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NewsGreen levers in concessions?
Is there room for ‘green levers’ in port concession arrangements? The pros and cons are examined here drawing on the ideas discussed at a recent WAPPP roundtable
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NewsGambia seals port deal
The Government of Gambia has signed a 30-year concession with the Turkish port operator Albayrak which signposts future port development in the West African nation.
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NewsBaltimore Bridge collapse could lead to cargo claims
A UK-based insurance facilitator has warned that delays caused by the Baltimore Bridge collapse could lead to claims for spoiled and delayed cargo
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NewsVan Oord Boosts Profit
Global marine construction and dredging specialist, Van Oord, has announced record high revenue…
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NewsAPMT Durban action sparks motivation questions
At the beginning of April local newspapers in Durban including Business Day carried a story announcing a legal challenge by APM Terminals (APMT), part of the Maersk group, to the confirmed award by Transnet of the Durban Container Terminal (DCT) Pier 2 concession to International Container Terminal Services Inc.
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NewsGopalpur Deal
Adani Ports and Special Economic Zone (APSEZ) is acquiring a 95 share in Gopalpur Port…
