Ports and Logistics
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Coronavirus costing liners up to $350m in lost revenues every week
As China partially returned to work today, data from Copenhagen-based Sea-Intelligence suggests the coronavirus has been costing liners up to…
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China struggles to get back to work
Beijing decided over the weekend against officially extending the Lunar New Year holidays for another week. However, today was marked…
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Shipping braces for extended factory closures in coronavirus-hit China
The global shipping industry is watching closely for any official announcement from Beijing on whether the Lunar New Year holidays…
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APM Terminals unveils $250m port development in Georgia
Port operator APM Terminals has presented its plans for the development of a deepwater port at Poti to the government…
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Is Kenya’s Mombasa Port another victim of China’s debt diplomacy?
The crescendo around claims that the Belt Road Initiative (BRI) is nothing more than Chinese debt diplomacy to secure strategic…
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Tianjin Port shuffles top management
Tianjin Port has announced that the company’s chairman Liang Yongcen and president Liu Qingshun have stepped down from their positions…
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Coronavirus predicted to wipe 6m teu of Chinese box volumes in Q1
Every segment of the shipping industry is now choking on reduced volumes of cargoes sparked by the coronavirus in China,…
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China Merchants Port Holdings appoints new chairman
China Merchants Port Holdings has announced the appointment of Deng Renjie as the new chairman of the group. Deng replaces…
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Coronavirus sparks force majeure conjecture
Shipowners are having to reacquaint themselves with the disruptive intricacies of force majeures on their daily operations in the wake…
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China’s Belt Road Initiative – consolidation or dislocation?
There has been ongoing commentary that China’s BRI is about to collapse as it was ill conceived and planned. After…
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Markets take a coronavirus battering
On a brutal morning at the markets, almost $370bn in market capitalisation was wiped off the benchmark Shanghai Composite index…
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Coronavirus: Chinese ports grind to a halt while yards declare force majeure
Agents and brokers are reporting operations are slowing down at Chinese ports and shipyards as the coronavirus takes its toll…
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A.P. Moller Capital and Olam to invest in West African ports
A.P. Moller Capital, in partnership with Olam International and Africa Finance Corporation (AFC), will invest in infrastructure in West Africa…
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NYK establishes first dedicated roro terminal in Egypt
Japan’s Nippon Yusen Kaisha (NYK), together with Bolloré Africa Logistics (Bolloré) and Toyota Tsusho Corporation (Toyota Tsusho), has signed an…
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DP World tables bid for 49% stake in Fesco
DP World’s on/off romance with one of Russia’s top maritime brands is back in the news. Russian newspaper Vesti Finance…
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Seafarers face increased checks as coronavirus spreads across the world
Seafarers who have called in China in recent weeks and are seeking shore leave at ports across much of Asia…
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Ningbo Port brings SIPG in as an investor to raise $1.62bn for expansion
Ningbo Port has announced a plan to raise RMB11.2bn ($1.62bn) through the issuing of new shares to its controlling shareholder…
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DP World chooses landlocked Switzerland for its next investment
Global terminal operator DP World has chosen a landlocked country for its next investment. The Dubai-headquartered company is buying into…
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China inks Kyaukphyu development deal with Myanmar
China has signed an agreement with Myanmar to invest and develop Kyaukphyu port in Rakhine State into a major container…
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China Merchants sells stake in Brazilian terminal to state funds
China Merchants has brought in two strategic investors for its TCP container terminal in Brazil through the selling of stakes…
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