COSCO Shipping Corporation (COSCO), the third-biggest container shipping line in the world by market share, has reportedly signed a deal with Shaanxi Provincial People’s Government to jointly develop the logistics sector in the Shaanxi province.
PSA Thailand and SCG Logistics Management Company Limited have unveiled plans to invest in the development and operation of the Thai Prosperity Terminal, Thailand.
The Port of Montreal has announced an investment of approximately US$27.7 million, to be split 50/50 between itself and the Canadian government, in the latest round of funding to be injected into the country’s maritime, transport and logistics sector.
A.P. Moller – Maersk (Maersk), the biggest shipping carrier in the world by market share) has announced a 17% increase in earnings before interest, tax, depreciation and amortization (EBITDA).
Hapag Lloyd, the fifth biggest container line in the world by market share, saw its revenue rise to USD $6.9 billion in the first half of the year 2019, according to its annual financial results.
Gabon Special Economic Zone (GSEZ) Ports has secured a USD $342 million long-term debt finance from the Emerging Africa Infrastructure Fund (EAIF), part of the Private Infrastructure Development Group (PIDG), to expand facilities at Owendo Port in the capital Libreville.
Octopi by Navis, experts in TOS technology, has announced it will host a webinar which will explore how small and medium terminals can improve their operations, cut costs and increase overall performance.
Heat waves across Europe are increasing the risk of making the Rhine, the continent's most important waterway, impassable for extended periods, according to German news outlet DW.
The Government of Maharashtra, India, India has named the Virgin Hyperloop One - DP World Consortium as Original Project Proponent (OPP) for the Pune-Mumbai Hyperloop Project, making it the first hyperloop project in the world.
The UK Government will create up to ten freeports to boost trade and manufacturing after the country’s departure from the EU on October 31, according to plans quoted in Reuters.. The freeports, also known as free trade zones, are also expected to cut costs and bureaucracy and will allow firms to import and re-export goods outside of normal tax and customs regulation.
Port Technology is pleased to announce that the newest edition of its e-Journal is now available and features key papers on one of the most exciting technologies to hit the industry for years: Blockchain.
DP World has described the government of Djibouti’s decision to apply a ruling by the country’s Supreme Court that all previous international adjudications are null and void as a “complete disregard for and contravention of the global legal system and existing contracts”.