Botany and Kembla ports privatised for $5.07 billion

The government of New South Wales (NSW), Australia, has accepted a multi-billion bid from the NSW Ports Consortium to privatise two of the country’s biggest ports – earning the state as much as $4 billion in the process.

Eurogate profits falls 30%

Eurogate, the largest container stevedore in Europe, saw its net profit drop 30 percent to €54.6 million in 2012, while overall revenue stalled at €654 million.

UK investment firm acquires 5% stake in ICTSI

Genesis Asset Managers LLP, an investment management company based in the UK, has now acquired five percent interest in the global port operator International Container Terminal Services, Inc. (ICTSI).

Green Marine Initiative builds momentum

Squamish Terminals (SQT), a British Columbia deep-water, break-bulk terminal, is the latest to participant in the Green Marine initiative, the largest voluntary environmental program for the maritime industry.

Boskalis signs MoU with SAAM

A Memorandum of Understanding (MoU) has been signed between SMIT, a subsidiary of Royal Boskalis, and the Sudamericana Agencias Aereas y Maritimas (SAAM) regarding two joint harbour towage operations within the American continent.

Perceived impact of the Panama Canal Expansion

The Panama Canal Expansion Program is a US$5.2 billion project that will construct a new lane of traffic to double the waterway’s capacity and satisfy the increasing demand of world maritime trade.

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