Ports and Logistics
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Silting a growing problem at Latin America’s largest port
Calls are growing for authorities to dredge Latin America’s largest port. The Financial Times is reporting how containerships are being…
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Vopak to expand Pengerang terminal
Royal Vopak has announced that the company and its joint venture partners intend to expand their independent storage terminal, Pengerang…
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Cyber-attack wiped up to $300m from Maersk’s books
Søren Skou, the CEO of A.P. Moller – Maersk, has for the first time put an approximate dollar figure on…
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Port of Newcastle’s fee hikes curtailed
Commodities giant Glencore is celebrating a verdict from Australia’s Federal Court that will see the local competition watchdog regulate port…
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Goldman Sachs fund buys into Colombian port operator
An investment fund administered by Goldman Sachs has paid Grupo Argos $136m to take a 50% stake in a Colombian…
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MMC in talks to acquire stake in Sabah Ports
Malaysia’s MMC Corporation has confirmed that the company is now in talks with Suria Capital Holdings to acquire a stake…
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Warehouse company brings complaint of bias against Port Authority of NY/NJ
Port Elizabeth Terminal & Warehouse Corp (PETWC) in New Jersey has issued a formal complaint to the Federal Maritime Commission…
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Calls return for Kra Canal feasibility study
A centuries-old Southeast Asian canal project is being dusted off once again. Plans to create a waterway through southern Thailand’s…
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AP Moller Holding and three Danish pension funds launch Africa infrastructure fund
A.P. Moller Holding, PensionDanmark, PKA and Lægernes Pension have launched a new infrastructure fund, Africa Infrastructure Fund I, focused on…
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Qatar Navigation buys boxship, ramps Sohar infrastructure in wake of sanctions
Qatar Navigation – also known as Milaha – continues to take action to operate in a more constricted environment weeks…
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Port of Oakland refinances $324m of debt with bond sale
The Port of Oakland on Monday announced it has sold a significant quantity of bonds to lower debt costs. In…
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Solvent leak at Long Beach injures 13
Twelve dockworkers and a firefighter sustained minor injuries after a containership leaked a hazardous material in the Port of Long…
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Mitsui & Co looks to invest in Nicaragua ports infrastructure
Japanese trading giant Mitsui & Co is looking into possible investment in several ports in Nicaragua. Talks between Mitsui, represented…
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ILWU members ratify extension of labour contract for west coast ports
The International Longshore and Warehouse Union (ILWU), which covers 29 major seaports on the US west coast, has officially voted…
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Dalian Port integrates container terminal assets
Dalian Port Group has announced a plan to integrate its container terminal assets. According to the plan, the company’s subsidiary…
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Week-long strike kicks off at Jakarta’s main box terminal
A one-week strike at a key terminal in the heart of Southeast Asia’s largest nation kicks off today. Workers at…
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Qinhuangdao Port to commence IPO on Shanghai Stock Exchange
Hong Kong-listed Qinhuangdao Port has announced that it will commence its initial public offering on the Shanghai Stock Exchange this…
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Yantian Port invests in new Yangtze River berths
Shenzhen Yantian Port has announced that it will make investment of RMB774m ($115m) to build five new berths at Hubei’s…
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Australian fund manager buys into Turkish port
Turkey’s Akfen Holding has transferred its 40% stake in Mersin International Port to IFM Investors, an Australian infrastructure fund management…
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Abu Dhabi Ports signs $300m investment agreement with China
Abu Dhabi Ports has signed an investment cooperation agreement with China’s Jiangsu province to strengthen economic ties and build investment…
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