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Monthly Archives: November 2016

Terminal in Saint John receives new cranes

DP World has received two new quay cranes at a terminal it will start operating at the Port of Saint John, located in the east of Canada. In August 2016, the terminal operator announced that it signed a 35-year lease to expand and operate the multi-purpose Rodney Container Terminal, which it will begin operating on January 1 next year. The ... Read More »

PortMiami to receive US$33m in state grants

PortMiami has invested US$1.3bn to upgrade its facilities

PortMiami has been allocated state grants worth a total of US$33m over the next five years to support enhancement of its cargo and cruise facilities. A part of the grant allocations will help fund the upgrade of its cargo terminal yards as well as the development of a future inland intermodal facility. According to a statement by the port, the ... Read More »

NYK Line, MOL and K Line agree to merge container businesses

The three biggest Japanese container carriers have agreed to merge their container shipping businesses, and terminal operating businesses everywhere apart from Japan. In the new joint venture (JV), which is subject to regulatory approval from the authorities, Nippon Yusen Kabushiki Kaisha (NYK Line) will hold a 38% share, while Mitsui O.S.K. Lines (MOL)  and Kawasaki Kisen Kaisha Line (K Line) ... Read More »