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Yearly Archives: 2014

Qatar awards NPP contracts

When complete the new port will handle 6m teu

According to local media reports, Qatar has awarded contracts worth up to QAR14bn (US$3.8bn) for the construction of a new container port in Mesaieed, south of the capital Doha, as part of the county’s New Port Project (NPP). More than 50% of the contracts have been awarded to national contractors, according to the country’s transport minister. “Qatari companies have won ... Read More »

SECA shuts down Transfennica Iberian service

Transfennica started the Bilbao, Portsmouth and Zeebrugge in 2007

The Dutch-owned short-sea shipping line Transfennica (part of the Spliethoff Group) has announced that it is to cease its “Motorways of the Sea” ro-ro service between Bilbao, Portsmouth and Zeebrugge at the end of this month (December). The decision is a direct result of the introduction of stricter new low-sulphur emission controls from 1 January 2015 in the Baltic Sea, ... Read More »

Piraeus and Cosco sign US$300m agreement

Miltiadis Varvitsiotis, the Merchant Marine Minister of Greece, has announced a joint agreement between the Piraeus Port Authority (PPA) and COSCO Pacific (part of the Chinese COSCO Group) that will see an investment of €230m (US$300m) in the Port of Piraeus. The money is earmarked for the upgrading of container handling equipment at the present container terminals at Pier II and East Pier III, ... Read More »

APM Terminals interested in potential Istanbul terminal

Istanbul is Turkey's largest city with a population of over 14 million Credit: Bentom Wyemji

Container terminal operating company, APM Terminals, are interested in opening a facility in Istanbul in Turkey’s Marmara region. Although, no specific timeframe has been mentioned, Turkey’s “sizeable” economic growth compared to the rest of Europe plus its “low container penetration ratio” are proving attractive to the multinational company. Turkish container volumes are growing at twice the speed of GDP, which ... Read More »

CMA CGM acquires OPDR

The French shipping line CMA CGM has announced the acquisition of the German short-sea shipping operator Oldenburg-Portugiesische Dampfschiffs-Rhederei (OPDR), owned by the Bernhard Schulte Group. The move is part of CMA CGM’s strategy to manage the short-sea feeder services for its oceangoing vessels; in recent years the world’s third largest shipping line has acquired a number of similar sized short-sea ... Read More »

Westports to build US$300m new terminal

Port Klang will soon have another terminal

Terminal operator Westports Holdings plans to invest RM1bn (US$300m) in a new container terminal at Port Klang in Malaysia. The company, which already operates the largest terminal in Port Klang, believes that its transhipment business has room to grow and that its new terminal will become a major hub for the new Ocean Three shipping alliance. Westports CEO Ruben Emir ... Read More »

Expansion and acquisitions at Contship Italia terminals

Contship Italia’s La Spezia Container Terminal’s (LSCT) acquisition of Speter S.p.A, reported in CM earlier this year, is now complete, as is the integration of the organisation, systems and processes. Now the terminal, generally recognised as a specialist in the deep-sea container trades, has expanded services to include short sea trades linking Italy and North Africa, handling both containers, general ... Read More »

Three investors set to bid for Port of Melbourne

The Port of Melbourne is in the process of privatisation

Three infrastructure funds plan to bid for the Port of Melbourne, according to an anonymous source who Reuters said has knowledge of the bidding process. The sale is estimated to be set to raise A$5bn (US$4.3bn) for the State of Victoria. The likely bidders are: pension fund IFM Investors; QIC Ltd and a consortium comprising Hastings Funds Management and Wren ... Read More »

ICTSI to invest $330m into Manila and Subic Bay

Philippines-based terminal operator, International Container Terminal Services Inc. (ICTSI), announced it will spend US$330m to expand and enhance its facilities in Manila and Subic Bay. The funds will go to Manila International Container Terminal (MICT) and the new Container Terminals 1 and 2 at Subic Bay in Zambales, Philippines, where the company wants to increase capacity and attract more shipping ... Read More »