Europe

Shanghai International Port Group is not now to go ahead with the purchase of a 40% stake in APM Terminals Zeebrugge. The decision was made because of the global economic downturn.

Liverpool committed £ 6.5m to its Seaforth terminal in the last quarter of 2008, buying a £ 5.1m ship-to-shore Liebherr gantry and three new Noell straddle carriers from Germany at a cost…

Detthold Aden, managing director of the BLG Group, has stated that, despite the credit crunch, construction of JadeWeserPort remains on schedule.

PSA remains committed to Italys Voltri terminal despite a tumultuous year in 2008 with strikes and legal battles upsetting the status quo.

Dramatic drops in traffic at Valencia at the end of 2008 have continued into 2009, leaving some 400 dockworkers with practically no work to do.