Finance, Legal & Insurance – Page 5
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NewsPD Ports Sale?
Unsubstantiated press reports in the UK have suggested that Australian investment company Macquarie…
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NewsBelt and road – quo vadis?
China’s march into port investments around the globe is slowing. Andrew Penfold identifies the problems, fall-out and potential for others to step in
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NewsGoogle in Nairobi
Google has announced another investment in a tech-led company, with its confirmation of an interest in Lori Systems, a Nairobi-based e-logistics company providing shippers with digital solutions to manage cargo and transporters.
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NewsSmart Spending By Zim
Zim Integrated Shipping Services Ltd (Zim) has confirmed a US$5 million spend of Series B financing in Sodyo Ltd (Sodyo) to support use of smart solutions across the supply chain.
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NewsMiami Grant
The Port of Miami has been awarded a US$16 million Rebuilding American Infrastructure with Sustainability and Equity (RAISE) grant which will be used to help implement the port’s intermodal rail expansion.
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NewsGate 9 in Jeddah
The Saudi Ports Authority (MAWANI) has officially launched the new Gate 9 expansion at Jeddah Islamic Port.
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NewsAPM Invests
APM Terminals, the port operating arm of AP Moller Maersk and affiliate to Maersk Line, has confirmed that it is developing a new, one kilometre-long berth line at its East Port Said, Egypt facility, at a cost of US$500 million.
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NewsHutchison Adds Two Concessions in Egypt
Hutchison Ports has signed two new concessions for container terminals with the Egyptian Government, one in Ain Sokhna Port and the other in El Dekheila Port.
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NewsSimandou Ore Project: From Stop To Start Again!
A deal has been concluded that will get work moving again to unlock the world’s largest untapped iron ore deposits at Simandou, Guinea.
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NewsJapan Funds Cambodia Container Terminal
Japan has recently agreed a US$300 million loan to develop a new container terminal at the Port of Sihanoukville, Cambodia.
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NewsTil Spending Spree Rolls Into Rotterdam
Terminal Investments Limited (TIL), the terminal division of MSC, is continuing its spending spree on securing new container terminal capacity with the announcement of the development of a new mega-terminal in Rotterdam in conjunction with Hutchison Ports, which will eventually offer a capacity of up to seven million TEU per annum.
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NewsVOC Port Award
The V.O. Chidambaranar (VOC) Port Authority has confirmed a new concession agreement has been signed with Tuticorin International Container Terminal Private Limited (TICTPL) to convert Thoothukudi Port’s Berth No 9 into a 600,000TEU/yr container terminal.
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NewsAPM Divests GPI
APM Terminals (APMT) has entered into an agreement to sell its 30.75 per cent shareholding in Global Ports Investments (GPI), the Russian ports business, to its long-established partner Delo Group.
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NewsSTS10 When?
STS10, the planned new Santos mega-terminal, will not now be offered for concession until after the privatisation of the Santos Port Authority with the whole process subject to the outcome of Brazil’s upcoming presidential elections for which the first round of voting is scheduled to take place in early October.
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NewsUSA Rail Funding
In a move welcomed by US railroad operators, The US Department of Transportation (USDOT)…
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NewsKalmar Expansion…
Kalmar has confirmed that it is upgrading and expanding its manufacturing plant in Ottawa, Kansas, in a deal worth close to US$21.5 million.
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NewsHAL offer for Boskalis recommended
At the time of writing in early September 2022, Dutch investor HAL Holding, had raised its offer to acquire Dutch dredging and marine services provider Boskalis, to €33 per share.
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NewsTerminal valuation moves
Johan-Paul Verschuure of Rebel examines valuation activity in the container terminal sector: current and forward trends; investor profiles and strategic thinking
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NewsDP World wins Djibouti court hearing
DP World has won the latest in a string of court hearings over its Djibouti concession
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NewsCARGOTEC DOES KALMAR CHINA DEAL
Cargotec has entered into a new agreement with RIC (Rainbow Industries Co. Ltd.) with respect to its Kalmar subsidiary.
