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After six years of planning and procurement, construction work officially started yesterday on a $490m scheme to build a port in poverty stricken Timor-Leste, a recently independent state in the Indonesian archipelago.

Harbor Management Authority Tanzania (TPA) has hired China Harbour Engineering Company (CHEC) to expand Tanzania's main seaport Dar es Salaam under a US$154 million World-Bank-funded contract.

Italian bunkering and liquid bulk storage company Decal SPA has obtained approval this week from Antaq – the National Agency for Waterborne transport in Brazil – to move ahead with a project to spend  Reais283 million ($86.43 million) on expanding its existing liquid bulk terminal in the northeast Brazilian port of Suape.

Hamad Port will launch and add new service lines with Europe and Southeast Asia in the coming days, its director Captain Abdul Aziz al-Yafei has said.

The latest round of dockworker strikes in Spain has cost the country EUR 110 million (USD 123 million), Spanish Ministry of Public Works said.

Following the arrival of the MOL Triumph (20,170 TEU) on 19 May and the Madrid Maersk (20,568 TEU) on the morning of Monday 12 June, the OOCL Hong Kong is expected to arrive in Rotterdam on the afternoon of Friday 23 June.

French liner company CMA CGM has signed a binding deal with Danish counterpart Maersk Line to acquire Mercosul Line that operates in Brazil's domestic container shipping market.

dpworldKazakhstan at the crossroads of trade– efficient multimodal transport will be key, says DP World Group Chairman

logo poDubai, United Arab Emirates, 8 June, 2017: DP World fully owned subsidiary, P&O Maritime today announces its acquisition of Reyser (Remolques y Servicios Maritimos, S.L.) a Spanish company providing maritime services internationally since 1966, from Bergé y Cía, S.A.*. The transaction value is below 5% of DP World’s net asset value**.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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