CERES BATTLE GOES ON

The research was commissioned by Drewry Shipping Consultants and shows the planning process alone for 12 north European terminal developments is costing an estimated €540m, while delays and cancellations have meant a planned extra 11 million TEUs of capacity due to be available this year, has not been built.

NYK’s battle to gain full control of the Ceres Paragon Terminal in Amsterdam suffered another blow when an Amsterdam court ruled the company could not purchase the outstanding shares ahead of the time originally agreed.