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On Wednesday 18 October, the Panama Maritime Authority (AMP) held a kick-off ceremony for the construction of the new Amador Cruise Port. A complete new cruise terminal at the Pacific Side of Panama will be built over the next 18 months.

PANAMA CITY, Oct 18 (Reuters) - A group including China Harbour Engineering Company Ltd (CHEC) has started building a $165 million port in Panama for cruise ships, the first project announced between China and the Latin American nation since they re-established diplomatic ties this year.

The shareholders of COSCO Shipping Holdings Co. passed special resolutions at the extraordinary general meeting held on October 16, approving the takeover bid of Orient Overseas (International) Limited.

The construction of Anaklia Deep Sea Port in the Black Sea Region is scheduled to start on December 20, 2017, the Anaklia Development Consortium (ADC) informed.

- Company investing £2.7m in technology to streamline marine operations
- Traffic management system already proven in airline industry
- Peel Ports is first commercial port group in UK to adopt the technology

Saudi Arabia's new privately-developed King Abdullah Port has granted ports and steel handling company AMSteel operation of a new bulk and general cargo terminal berth.

Following a weaker performance in 2015, global seaborne trade growth illustrated its ability to bounce back strongly, and is now expected to reach close to 4% in full year 2017.

The Prins Hendrik dike in Texel, which is over three kilometres long, is strengthened with sand on the sea side, adding some 200 hectares to the island.

In August 2017, Bharat Mumbai Container Terminals Pte Ltd (BMCT), a wholly owned subsidiary of PSA International Pte Ltd (PSA), exercised its option to purchase a further 18 Konecranes Noell Rubber Tired Gantry (RTG) cranes.

In his exclusive interview with IAA PortNews in Moscow, IMO Secretary-General Kitack Lim covered a wide range of IMO activities: fuel and environmental regulations, Polar Code, autonomous ships, cybersecurity, etc.

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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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