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Sunday, February 23, 2020

Port Operator News

(Photo: DP World)

DP World Returns to Full State Ownership

Dubai is to take full control of port operator DP World in a deal with a $13.9 billion valuation that will help the company at the center of the emirate's 2009 debt crisis to repay some of its borrowings.DP World, which operates ports around the world from Hong Kong to Buenos Aires, will take on $8.1 billion in debt to finance the deal in which Port and Free Zone World, part of state investment vehicle Dubai World, will acquire the 19.55% of Nasdaq Dubai listed shares for $2.7 billion.Port and Free Zone World already owns 80.55% of DP World ordinary share capital.

© chungking / Adobe Stock

QTerminals to develop, operate Ukrainian sea port

Qatari sea port operator QTerminals has won a concession tender to develop and operate Ukraine's Black Sea port of Olvia, Ukrainian Prime Minister Oleksiy Honcharuk said on Friday.QTerminals, a joint venture between state-owned Qatar Ports Management (Mwani Qatar) and shipping and logistics group Qatar Navigation (Milaha), is due to invest 3.4 billion hryvnias ($133 million) in the next five years.It will also pay an 80 million hryvnia ($3.27 million) concession fee annually, Honcharuk said…

Swissterminal, headquartered in Frenkendorf, and Dubai-based DP World have entered a partnership. (Copyright Swissterminal)

DP World Takes 44% stake in Swissterminal Holding

Dubai state controlled port operator DP World has taken a 44% stake in Swiss container terminal operator Swissterminal Holding AG.The Mayer family, who founded the business, will remain a majority shareholder, a statement from the company said. Roman Mayer will continue to serve as Swissterminal’s CEO.Financial terms were not disclosed.Swissterminal operates additional locations in Zurich-Niederglatt, Basel-Birsfelden, Basel-Kleinhueningen and Liestal. The terminals are connected to container ports in Rotterdam and Antwerp as well as the ports of La Spezia…

Karan Adani. Photo:  APSEZ

Adani Buys 75% Stake in Krishnapatnam Port

Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest private sector port operator, has agreed to buy a 75% stake in Krishnapatnam Port Co. Ltd (KPCL) at an enterprise value of INR 13,572 crore (US $1.9 billion). KPCL is located in the southern part of Andhra Pradesh, the state with the second largest coastline of in India, and is a multi-cargo facility which handled 54 MMT in FY19.This acquisition will accelerate APSEZ’s stride towards 400 MMT by 2025.Acquisition value of KPCL is approximately Rs.13,500 cr.

Image: NCSP Group

NLE, Liebherr-Russland Pact on Port Equipment

NCSP Group, Europe's third largest port operator in terms of cargo turnover,  its subsidiary Novorosleseksport (NLE AO) will receive port equipment from Liebherr-Russland OOO.Dmitry Korchnev, General Director at NLE AO, and German Ignatov, Director of the Port Equipment Department at Liebherr-Russland OOO, signed a contract on purchase of two ship-to-shore cranes (STS) with a capacity of 65 tons for loading and offloading of 20, 30, 40 and 45 feet ISO containers from a vessel to shore and back.The SPS cranes delivery is scheduled for 2021…

Photo: DP World

DP World to Invest $500 in Jeddah Port Upgrade

The global port operator DP World has been awarded a 30-year Build-Operate-Transfer (BOT) concession by the Saudi Ports Authority (Mawani), for the management and development of the Jeddah South Container Terminal at the multi-purpose Jeddah Islamic Port.According to a press release from the UAE-based world leader in global supply chain solutions, under the agreement, DP World will invest up to $500 million to improve and modernize the Jeddah Islamic Port, including major infrastructure development to enable the Port to serve the ultra-large container carriers (ULCC’s)…

© Mike Mareen / Adobe Stock

Port Operator ICTSI to Double Capacity at Congo Terminal

Philippines-based port operator International Container Terminal Services Inc. (ICTSI) will more than double the capacity of its container terminal in Congo as part of a $100 million expansion, the company said on Thursday.Located on the Congo River, the port city of Matadi, where ICTSI operates the Matadi Gateway Terminal (MGT) under a joint venture with Congolese property management company SIMOBILE, is the Democratic Republic of Congo's primary shipping hub.The planned expansion will bring MGT's throughput capacity up to 400…

Jesper Kristensen. Image courtesy: Unifeeder A/S

Unifeeder Acquires Feedertech

Denmark’s Short-sea operator Unifeeder , part of the global port operator DP World, has acquired a 77% stake in The Feedertech Group, a Singapore-based feeder and shortsea operator.The Group’s Chairman, Ali Maghami, will retain the remaining 23% shareholding.Established in 2003, the Group operates two companies; Feedertech, which is a feedering service and Perma, a regional shortsea network. Both operate in the same market and connect the fast-growing trade route of Asia-Middle…

Image: Qingdao Port

Qingdao Port Buys Stake in Cosco Abu Dhabi

China-based Qingdao Port International Development has agreed to purchase a 33% stake in COSCO Shipping Ports (Abu Dhabi), a deepwater terminal located in Khalifa Port, for US$59m.Abu Dhabi Terminal is a joint venture company established in the United Arab Emirates.The investment, which will be made through Qingdao Port's Hong Kong subsidiary QDP International Development, will give the port operator a 30 percent holding in the CSP Abu Dhabi Terminal at Khalifa Port in which the Hong Kong-based firm holds a 90 percent stake…

Photo: DP World

DP World Raises $2.3Bln, Rings Nasdaq Bell

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of the global port operator DP World, rang the market-opening bell at Nasdaq Dubai to mark the listings of two sukuks (Arabic name for financial certificates) and two conventional bonds worth $2.3 billion.DP World will use the capital raised for debt refinancing and to fund growth opportunities.The listings, carried out during 2019, comprise two Sukuk of one billion US dollars and 500 million US dollars, and two conventional bonds of 500 million US dollars and 300 million US dollars.Sultan Ahmed Bin Sulayem…

Photo: DP World

DP World Completes $520Mln Sokhna Expansion

Dubai's state-owned port operator DP World said that its port in Egypt, DP World Sokhna marked its 10th anniversary by revealing that its $520m (AED1.9bn) port expansion project is close to completion.The port expansion complements two operational basins, with the expansion into Basin 2 comprising a 1.3km-long quay – with 400m is use in Phase 1 – as well as a 350,000m2 container yard.The expansion comes as the UAE and Egypt agreed to support a $20bn joint strategic platform to invest in a range of vital sectors and assets…

Pic: Kalmar

DP World Orders Terminal Tractors at Kalmar

Kalmar, part of Cargotec, has concluded an agreement with long-standing partner the global port operator DP World for 38 Ottawa T2 terminal tractors for the company’s Caucedo terminal in the Dominican Republic.The order was booked in Cargotec's 2019 Q3 order intake, with delivery scheduled to take place during Q1 and Q2 of 2020.DP World Caucedo is a world-class marine terminal and free zone located in Punta Caucedo, 25 kilometers from Santo Domingo, which is the commercial and political capital of the Dominican Republic.Kalmar and DP World…

Photo: Essar Ports

Essar Completes Ferry Terminal at Hazira

India's Essar Bulk Terminal Ltd (EBTL) said it has completed work on the Passenger Ferry Terminal that has paved the way for a cruise-based passenger ferry service, commencing 15 November 2019, between Hazira Port in Surat and Bandra-Worli Sea Link in Mumbai.The Essar Ports company said in a press note that Hazira-based terminal will also lead to ferry services being offered on other routes in the future, revolutionizing coastal transportation in India.Phase I of the terminal project will focus on the movement of passengers between Hazira in Surat to India’s financial capital…

Photo: DP World

DP World, Namibia's Nara Namib Sign MoU

Dubai based logistics giant DP World has signed a memorandum of understanding (MoU) to develop a free economic zone for industry and logistics in Namibia.The port operator said the agreement with Namibia’s Nara Namib Free Economic Industrial Zone will support the growth of Namibia as a regional hub for southern Africa.The development will help Namibia grow as a center for industrial operations and logistics, creating opportunities and jobs across multiple sectors including agriculture…

Peel Ports sees Brexit Boost

Cargo shippers are diverting goods to more ports across Britain to ensure stable supply lines due to uncertainty over whether the UK will leave the European Union without an agreement, a top port executive said.Brexit has been delayed for a third time, until the end of January, and Britain is headed for a snap general election in December designed to break the impasse.The European Union's Brexit negotiator Michel Barnier this week said there was still a risk that Britain could exit the bloc chaotically with no divorce agreement.In the meantime…

© druid007 / Adobe Stock

Mombasa Port to Upgrade Four Berths

Kenya's port of Mombasa will spend 20 billion shillings ($193 million) to modernize four berths to handle both container cargo and goods not packed in containers, the head of the state port operator said.The port, built in 1895, is the main trade gateway for the Eastern Africa region, serving Kenya and seven neighbors, including Uganda, Somalia, Rwanda and South Sudan.The investment is driven by growing demand for imported cargo in the region, where most economies are growing by at least 5% per year…

Image: DP World

DP World Becomes a Full Logistics Operator in Peru

DP World, a Dubai-based global port operator, announced that it has expanded its business in Peru into a fully-integrated maritime and logistics operation.It has completed the development of the first phase of the deepwater port of Posorja in Ecuador for around $538 million. The whole project is estimated to cost around $1.2 billion.The development of the port by DP World will make Ecuador a trade and logistics hub for South America’s west coast. It will also see large container ships with capabilities exceeding 10…

Image: Port of Antwerp

World First: Hydrogen Tug at Antwerp Port

Europe's second-largest seaport Port of Antwerp has ordered construction of a tug powered by hydrogen, the first in the world.The unique "Hydrotug" is driven by combustion engines that burn hydrogen in combination with diesel. The motors also comply with the very strictest standard, the EU Stage V, making them the lowest-rated for emissions on the market.The Belgium-based port operator said that this ultra-low-emission tug is being built by Compagnie Maritime Belge (CMB), a pioneer in the field of hydrogen power for shipping.

ABP Chief HR Officer, Alison Rumsey speaks at the ABP-WISTA UK reception in City Hall during London International Shipping Week. Photo: ABP

WISTA UK, ABP Host 'Women in Maritime'

Associated British Ports (ABP), the UK's largest port operator, teamed up with the Women in International Shipping and Trade Association (WISTA UK) to organize a reception to promote the ongoing effort to drive gender diversity across the maritime industry.The event celebrated the progress made to date and discussed ways to accelerate this momentum, it said.Set in London's iconic City Hall building during the first day of London International Shipping Week (LISW), London's premier shipping industry conference…

File image of a typical DP World terminal operation. CREDIT: DP World

DP World’s Topaz, P&O Merger Complete by Year-end

Port operator DP World's planned merger of its P&O Maritime and recently acquired Topaz Energy and Marine businesses is expected to be completed by the end of the year, Topaz CEO Rene Kofod-Olsen said on Monday.DP World bought Dubai-based oil services company Topaz in July with the intention of combining it with P&O Maritime as part of efforts to diversify beyond its core port operations to other marine-related sectors.The merged entity, to be known simply as P&O, will give Topaz…

Photo courtesy: Penn Terminals

PSA International Acquires Penn Terminals

Marking its first foray into the US, Singapore-based port operator PSA International has completed the acquisition of Penn Terminals located on the Delaware River in the U.S. from Macquarie Infrastructure Partners, a fund managed by Macquarie Infrastructure and Real Assets.Penn is a privately owned multipurpose marine terminal on the Eastern Coast of the USA. Penn’s terminal, warehousing and stevedoring services have enabled it to handle its clients’ cargo since 1986.“This acquisition represents PSA’s very first foray into the USA.

Photo:  ICTSI

ICTSI in Talks with Honduran Govt

The global port management company, International Container Terminal Services, Inc. (ICTSI) said that its Honduran unit  Operadora Portuaria Centroamericana (OPC) is in talks with the government of Honduras to improve the facilities at Puerto Cortes, Central America 4’s (CA-4).Puerto Cortes, Central America 4’s (CA-4) largest port operated by OPC, can expect faster cargo movement in and around the terminal with OPC beefing up its partnership with Honduran authorities for improved and more efficient port services…

Photo courtesy of Peel Ports

Peel Ports Steps Toward Brexit Ready

Peel Ports Group has been accredited with the internationally recognized quality mark of Authorized Economic Operator (AEO) at all its principal ports by Her Majesty’s Revenue and Customers, affirming the Port’s efficient and robust processes to customers worldwide.The Liverpool based port operator said that achieving AEO status from Her Majesty’s Revenue and Customs was a “significant milestone” especially on the path towards Brexit.Peel Ports Group has successfully achieved AEO status for the following ports: Clydeport Operations Limited…

Pic: Essar Bulk Terminal Ltd

Hazira Terminal Grows 22% in Q1 of 2019-20

Essar Bulk Terminal Ltd (EBTL), that operates the 50 million tonne per annum (MTPA) bulk terminal in Hazira, Gujarat, India said a 22 per cent growth in its third-party business during the first quarter ended 30 June 2019, on a year- on-year basis.The Company achieved an overall cargo throughput of 7 MT (million tonnes) in Q1 FY2019-20, of which 1.1 MT was third-party cargo. The share of third-party cargo in overall cargo volumes also rose to 15.7%.According to the port operator…

Doraleh Container Terminal (DCT). Photo: DP World

DP World Slams Djibouti Government

The global port operator DP World has accused the government of Djibouti of “complete disregard and contravention” of the global legal system as it plans to rule all international adjudications on the Doraleh Container Terminal null and void."A decision to be taken later this week by the government of Djibouti to apply to the country's high court to rule all previous international adjudications null and void is a complete disregard for and contravention of the global legal system and existing contracts…

Picture courtesy: Halterm Container Terminal

PSA International Buys Canada's Halterm

Singapore-based port operator PSA International has completed the acquisition of Halterm Container Terminal in the Port of Halifax, Canada, from Macquarie Infrastructure Partners."PSA International Pte Ltd concluded the purchase of the terminal from Macquarie Infrastructure Partners after formal approval by regulatory authorities, " said a PSA news release issued on Wednesday night.Halterm is the only container terminal in Eastern Canada that can serve mega container vessels.