Friday , 22 November 2019
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Author Archives: Sid Cass

CMHI and CMA CGM complete Terminal Link transaction

CMA CGM’s Marco Polo at TIL’s Malta Freeport

At a signing ceremony in Luxembourg on June 11, 2013 China Merchants Holdings (International) Company Limited (CMHI) and CMA CGM completed the sale and purchase of the 49% equity stake in Terminal Link (TIL), after obtaining all consents and approvals in various jurisdictions and the completion of certain pre-closing corporate reorganisations as stipulated under the terms of the acquisition agreement. Read More »

Chinese firm to build Panama Canal alternative

According to a report in The Guardian, Nicaragua has awarded an un-named Chinese company a 100-year concession to build an alternative to the Panama Canal, in a step that looks set to have profound geopolitical ramifications. The president of the country’s national assembly, Rene Nuñez, announced the US$40bn (£26bn) project, which will reinforce Beijing’s growing influence on global trade and ... Read More »

Landmark MoU between Maputo and South Africa’s Transnet

A landmark Memorandum of Understanding (MoU) has been signed between South Africa’s Transnet National Ports Authority (TNPA) and the Maputo Ports Development Company (MPDC) that will pave the way for co-operation between the two port authorities. “The MoU opens up collaboration on matters of common interest in areas of infrastructure development, engineering, training and marine services. Contrary to popular belief ... Read More »

Crowley’s weekly LCL services from San Juan to Central America

The new service utilizes Crowley vessels

Crowley Maritime Corporation’s Caribbean logistics group now offers regularly scheduled, weekly less-than-container load (LCL) services to and from San Juan, Puerto Rico, and select countries within Central America. The new service utilizes Crowley vessels and moves freight from San Juan, Puerto Rico, on Fridays, to San Jose, Costa Rica; San Salvador, El Salvador; Guatemala City, Guatemala; San Pedro Sula and Tegucigalpa, ... Read More »

Nicaragua opens its doors to investors

Following the promulgation of a new national ports law, both local and overseas investors have shown interest in developing the ports sector in Nicaragua, according to the president of the country’s National Port Company (EPN), Virgilio Silva. Read More »