COSCO to take stake in Hamburg Port terminal
BERLIN : Germany has agreed to let Chinese Shipping giant COSCO buy a stake in a container terminal at Hamburg’s Port. The deal was originally given the green light last October, but ran into
World Bank: Global container ports continue to recover from pandemic-era disruptions
WASHINGTON DC : Operational conditions at global ports have improved significantly following the unprecedented levels of disruption triggered by the COVID-19 pandemic, according to the third edition of the Global Container Port Performance Index
Saudi Arabia’s Port of NEOM open for business
RIYADH : The Port of NEOM, described as the primary seaport of entry to the northwest of Saudi Arabia and which now incorporates Duba Port, is up and running. Operations include a CMA CGM
Germany closes deal with COSCO on Hamburg Port Terminal
BERLIN : It became a controversial deal, when Germany has sold 25% of the Hamburg Port to the Chinese shipping company COSCO. Chancellor Olaf Scholz’s three-party coalition government last month said that it was
AD Ports Group and Karachi Port Trust (KPT) sign a strategic MoU to develop advanced Port and Terminal infrastructure
KARACHI : A senior delegation from United Arab Emirates (UAE) visited Karachi and met with H.E. Faisal Sabzwari, Federal Minister For Maritime Affairs, Government of Pakistan. The delegation was led by Captain Mohamed Juma
Aramex and AD Ports Group form JV to develop new NVOCC Enterprise
ABU DHABI : Aramex, the Middle East’s biggest listed courier company, has signed an agreement with Abu Dhabi Ports Group to set up a joint venture to serve the freight forwarding industry. The new non-vessel operating common
Sittwe Port as a Maritime Hub is done & the completion of Kaladan Project will improve regional trade
NEW DELHI : As the cargo vessel MV-ITT Lion sailed into Sittwe Port in Myanmar on May 9, having left Kolkata five days earlier, it marked an important milestone for India in its long-drawn
APM Terminals reveals $1 Billion investment in Brazil
SANTOS : Maersk’s container terminal operating arm APM Terminals has announced a $1 billion investment in its Brazilian terminals by 2026. The commitment was made by APM Terminals’ CEO Keith Svendsen during a Dutch