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 »
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 »
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 »
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 »
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 »
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