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COSCO Shipping Ports takes majority stake in Noatum Ports

Noatum Ports' assets include Noatum Container Terminal Valencia (NCTV)

COSCO Shipping Ports has agreed to purchase a 51% stake in Noatum Ports for €203m (US$227m), with Ocean Alliance cargo already beginning to switch to its terminals in Valencia and Bilbao. Once the deal is completed, current majority shareholder TPIH Iberia will hold the remaining 49% stake. Major assets of Noatum Ports include Noatum Container Terminal Valencia (NCTV), Noatum Container ... Read More »

Gävle Container Terminal expansion approved

The future new container quay at the terminal

The SEK200m (US$23m) project to expand Yilport Gävle Container Terminal has been approved by a unanimous municipal executive board in Gävle. The cost covers the expansion and reinforcement of the recently built just east of the terminal. The plan is to start construction works this autumn so that the quay will be ready for use in the summer of 2019. ... Read More »

Kuehne + Nagel updates carbon management programme

Kuehne + Nagel has begun publishing CO2 emission data from each shipment to help shippers identify their carbon footprints. The company will use its online Global Seafreight Carbon Calculator to provide instant overviews of CO2, SOX and NOX emissions for full container load (FCL) and less than container load (LCL) movements from door to door, and print the results on ... Read More »

Adani in talks to acquire APMT’s stake in Pipavav

APMT currently has a 41.03% stake in GPPL

Adani Ports and Special Economic Zone Ltd (APSEZ) has started talks for the acquisition of APM Terminals (APMT)’s stake in Gujarat Pipavav Port Ltd (GPPL), India. The Adani group’s port operating company participated in a bidding process for APMT’s 41.03% stake in the company, local media reported. If the deal goes through, the company might reportedly try to acquire a ... Read More »

Shipowners urge EU-China climate cooperation

The European Community Shipowners’ Association (ECSA) and the International Chamber of Shipping (ICS) have called for greater EU-China climate cooperation following US withdrawal from the Paris Climate Agreement (PCA). The recent 19th EU-China Summit in Brussels indicated that EU and Chinese leaders are committed to implementing the Paris Agreement. ECSA Secretary General Patrick Verhoeven said: “The withdrawal of the US ... Read More »

Qatar shipments suspended as Gulf tensions rise

Ocean Alliance members amongst others have suspended calls in Qatar

Multiple shipping lines have suspended services calling to and from Qatar following the severance of diplomatic ties with the Arab state by Saudi Arabia, the UAE, Egypt, Bahrain and Yemen. DP World’s hub Jebel Ali and Abu Dhabi Terminals are no longer accepting cargo to and from Qatar ports including transhipment cargo. A customer notice from Maersk Line stated that ... Read More »

New cranes for Port Everglades

Florida’s Port Everglades has confirmed the US$41.1m purchase of three Super post-Panamax container gantry cranes in preparation for the facility’s multi-million dollar extension. The new cranes are worth US$13.8m each and unlike the port’s seven existing gantry cranes, which can handle containers stacked five high and 16 across on a ship’s deck, they will able to handle stacks up to ... Read More »

Antwerp starts collaboration with Caofeidian Port

A regular liner service will connect the two ports

The Port of Antwerp has signed a collaboration agreement with the Chinese Port of Caofeidian as part of China’s One Belt, One Road (OBOR) strategy. Under the terms of the Memorandum of Understanding (MoU), a regular liner service is set to be introduced between the two ports, which will also have to carry out mutual promotion and exchange of information. ... Read More »

US West Coast not ready for ULCVs

Construction projects near terminals on the US West Coast (USWC) could lead to significant congestion if ultra large container vessels (ULCVs) are introduced before their completion, a weekly report by Drewry has claimed. Road closures caused by work to replace the Gerald Desmond Bridge are affecting traffic flows to and from California’s Terminal Island and will continue to do so ... Read More »

Zeebrugge signs agreements with CDB and Changjiu Logistics

Joachim Coens, CEO of the Zeebrugge port authority, signing the agreement

The Port of Zeebrugge has signed a Memorandum of Understanding (MoU) with the China Development Bank (CDB) and Changjiu Logistics group to boost funding for Chinese exporters and the Silk Road project. Under the agreement Chinese export companies who intend to establish their European cargo consolidation centres at Zeebrugge will receive financial support from the CBD, who will also provide ... Read More »