News from June 2009
Grimaldi completes private takeover of Swedish port
29th of June, 2009
Grimaldi Lines has taken 100 per cent ownership of the Wallhamn car terminal in Sweden after EUKOR Car Carriers signed an agreement to relinquish its 50 per cent stake.
Morocco backs Tanger-Med development
18th of June, 2009
The Moroccan government is to persist with multi-billion dollar expansion plans at the port of Tanger-Med with a view to strengthening its position ahead of any global economic recovery, according to reports.
Cape Town terminal's $530 million expansion on track
15th of June, 2009
Transnet Port Terminals' R4.2 billion (approximately US$530 million) expansion project at the Cape Town container terminal is on track to double capacity in the next three years, according to the company's Business Unit Executive.
PYI acquires quarter of Jiangyin Port operator
13th of June, 2009
Bulk cargo port and infrastructure operation group PYI Corporation Limited has acquired a 25 per cent interest in Jiangyin Sunan International Container Terminal from Shanghai International Port Group for RMB27.6 million (approximately US$4 million).
Iranian Central Bank allocates $900m for LNG project
13th of June, 2009
The Central Bank of Iran has allocated US$900 million from the country's Foreign Exchange Fund to the Iran LNG project, under construction at Tombak Port, according to reports in local media.
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