The Peruvian government is looking to avoid an international arbitration process which could be filed by Chinese port operator Cosco Shipping over a legal dispute regarding exclusivity rights to a massive facility being built by the firm, an official said on Monday.Cosco sent a letter to Peru's economy ministry in mid-April to start a six-month negotiation process in order to reach an amicable resolution without having to resort to international arbitration…
A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The…
China's Cosco Shipping is evaluating the impact of a move by Peru's government to annual the exclusivity it holds over operations at the new Chancay megaport.Peru awarded exclusivity to Cosco Shipping to operate the port in 2021, but last week…
DP World announced it is investing US$50 million (approximately ₩66 billion) to develop a new logistics center in Busan New Port.Construction of the facility in the 75,000-sqm land is set to commence at the end of 2024, with operations expected to start by the second quarter of 2026…
U.S. President Joe Biden's plan to build a floating U.S. military port to speed up aid to Gaza could take up to 60 days to become a reality and involve more than 1,000 American troops, the Pentagon said on Friday.The Pentagon offered the timeline…
President Joe Biden will announce in his State of the Union speech on Thursday that the U.S. military will construct a temporary port on Gaza's Mediterranean coast to receive humanitarian aid by sea, senior administration officials said.Planning for the operation…
A 300-acre property along the Mississippi River in Herculaneum, Missouri recently received Port District zoning making way for redevelopment as an intermodal transportation hub and industrial park.Located on the shipping lanes of the Mississippi River…
AD Ports Group announced the signing of strategic Memoranda of Understandings (MoUs) with Gujarat Maritime Board, and RITES Limited, a certified multi-disciplinary transport and infrastructure company. These MoUs cover a broad spectrum of collaborative ventures…
Construction work for the PSMO (Port Seine Métropole Ouest / Western Metropolitan Seine Port) has officially commenced in the Yvelines département, about 60 kilometers from Paris.Located at the confluence of the Seine and the Oise rivers, The…
A groundbreaking ceremony marked the official start of construction for the RM15 billion (US$3.2 billion) Kuala Linggi International Port (KLIP) project in Malaysia.Scheduled for completion by 2027, KLIP's vision is to transform Kuala Sungai…
The U.K.’s largest port operator announced it has commenced the first phase in a series of strategic infrastructure developments at Millbay Docks, within the Port of Plymouth.Associated British Ports (ABP) said the works—funded by the UK Government…
Port Saint John announced its $205 million West Side Terminals Modernization Project has been completed on time and on budget.The infrastructure investment project at the west side container terminal—funded equally by the Federal Government…
JAXPORT on Monday announced its Board of Directors unanimously approved a long term, 30-year agreement with U.S. marine terminal and logistics company Enstructure for the lease and development of 79-acres of waterfront property at the port’s Talleyrand Marine Terminal…
Plaquemines Port Harbor and Terminal District announced it signed a letter of intent (LOI) with APM Terminals (APMT) to build a container terminal on the West Bank of Plaquemines Parish, La.Plaquemines Port will lease the land to APM under a 30-year agreement with extension options…
South Africa has selected a Vopak consortium as the preferred bidder to develop and operate a liquefied natural gas (LNG) terminal at the Port of Richards Bay, state-owned Transnet National Ports Authority (TNPA) said on WednesdayThe Vopak Terminal…
