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…
Adani Ports and Special Economic Zone (APSEZ) said on Friday it would buy a 75% stake in Krishnapatnam Port Co Ltd (KPCL) for an enterprise value of 135.72 billion rupees ($1.89 billion).The deal will take its domestic market share to 27% from 22% on a pan-India basis…
The Members of Parliament (MPs) of Iranian Parliament (Majlis) approved the general outlines of a bill on attaching Shahid Kalantari Port and Shahid Beheshti Port to Chabahar Free Trade Zone in southeast of Iran.The attachment of two ports to…
Yilport Puerto Bolivar, Ecuador’s first deep-sea terminal, will soon have a new fleet of ship-to-shore (STS) and electrified rubber tired gantry (E-RTG) that set sail from Oita, Japan, on December 30, 2019.Yilport said in a press release that the cranes will arrive on January 27…
For the second consecutive year, APM Terminals Mumbai has achieved the milestone of handling more than 2 million TEUs (Twenty-Foot Equivalent Units) throughput in 2019. The terminal has continued its focus on strong collaborative efforts with all its customers – shipping lines…
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…
The European Sea Ports Organisation (ESPO) welcomes Europe’s ambition as enshrined in the European Green Deal, to become the world’s first climate neutral continent by 2050.European ports are at the crossroads of supply chains. As clusters of transport…
Port of Salalah, the largest port in Oman, hit an all-time record container volume of 4-million TEUs in December 2019.Considering all services and volumes that were re-directed to other ports due to the impact of Cyclone Mekunu in 2018, the…
European short-sea and feeder lines challenge legality of Dockers' Clause extension.European short-sea and feeder ship operators are challenging efforts by the International Transport Workers’ Federation (ITF) to redefine container lashing as…
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…
Hundreds of people in Istanbul have signed petitions in the past two days opposing a massive canal project championed by Turkish President Tayyip Erdogan, which they say will wreak environmental havoc in the city.The proposed 45-km (28-mile)…
A cargo ship collided with the shore in Istanbul's Bosphorus strait on Friday, according to the governor's office and a witness, prompting authorities to close the picturesque and crowded waterway running through Turkey's largest city.There were no injuries or casualties…
Latest move to Enter El Salvador with Energía del Pacífico will Reinforce SAAM Towage's Presence in Central America.The Managing Director of SAAM Towage, Felipe Rioja, celebrated the company’s upcoming launch in the new market: El Salvador.…
The St. Louis Regional Freightway has compiled a summary of the major developments over the past year that either elevated the St. Louis region’s global status as a world-class freight hub or will help to advance the region’s position as the country’s freight nexus in the year ahead…
Kalmar, the provider of cargo-handling solutions and equipments to ports and terminals, has concluded an agreement to supply a suite of yard crane and mobile equipment to ARISE Mauritania for Nouakchott container terminal.The agreement includes…
