Latest News
Cape Town Terminal on track
Transnet Port Terminal has reported that it has completed work on a number of different aspects of its R5.6 billion (approximately US$775 million), five-year investment plan aimed at increasing the capacity of the Cape Town Container Terminal.
Boskalis makes acquisition offer for Smit
Boskalis Holding has made a public cash offer for Smit Internationale, at an offer price of €60 per share, which the Smit board has recommended be accepted by shareholders.
€22 million terminal opens in Antwerp
The HTA Hupac Terminal at Antwerp has opened, the result of a €22 million investment partly financed by the Swiss Federation.
Tianjin share issue raises $300m
Tianjin Port Development has announced that it has completed a placing of more than 986.5 million Placing Shares, raising over US$300 million.
EIB approves $500m loan for London Gateway
The European Investment Bank has approved financing of up to £300 million (approximately US$500 million) for a port development project at London Gateway in the UK.
Dubai World credit issues 'will not affect ports'
Dubai World has released a statement confirming that its current review of the debt obligations of certain entities within the Group will not directly affect its port-related businesses.
Dalian deal gets shareholder support
Dalian Port Company Limited has announced that all resolutions for its Board’s proposed A Share Issue and acquisition of certain port operations and assets from Dalian Port Corporation Limited have been approved by shareholders.
ICTSI wins 34-year Manzanillo concession
International Container Terminal Services Inc (ICTSI) has won a 34-year concession from the Administracion Portuaria Integral de Manzanillo (API) to operate the Port of Manzanillo in Mexico.
PYI sells 15% stake in Yangkou Port
PYI Corporation Limited has entered into an agreement for the disposal of an aggregate of 15 per cent interest in Yangkou Port, for a total consideration of RMB300 million (approximately US$44 million).
TGE agrees $200m EPC deal for Zhejiang LNG terminal
China International Marine Containers (CIMC) has announced that its subsidiary, TGE Gas Engineering, has won the bid on an EPC (engineer, procure and construct) contract for an LNG terminal project in Zhejiang.
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