Category: Ports and Logistics
-
MSC completes Hamburg port investment
MSC completes Hamburg port investment Mediterranean Shipping Co (MSC), the world’s largest container line, has completed its buy-in into the port of Hamburg, radically changing the container port landscape in northern Europe in the process. MSC now controls 49.9% in Hamburger Hafen und Logistik Aktiengesellschaft (HHLA), with the city of Hamburg holding a 50.1% stake…
-
ONE buys into Jakarta terminal
ONE buys into Jakarta terminal Japanese liner Ocean Network Express (ONE) has bought a minority stake in New Priok Container Terminal One (NPCT1) in Jakarta, Indonesia for an unspecified price. Built in 2016, NPCT1 has an annual capacity of 1.5m teu and can accommodate the largest ships afloat today. Other shareholders in the terminal are shareholders…
-
PSA and Evergreen form Singapore box terminal joint venture
PSA and Evergreen form Singapore box terminal joint venture Singapore’s PSA International and Taiwanese liner Evergreen have established a new joint venture terminal in Singapore, set to start operations by the end of this year. The strategic partnership will offer long-term terminal capacity assurance to the world’s seventh-largest carrier’s fast-expanding global vessel fleet in PSA…
-
The Greater Bay Area and shipping in the spotlight
The Greater Bay Area and shipping in the spotlight Why working with nearby southern Chinese cities is an imperative for Hong Kong. The latest installment from our brand new magazine being distributed across Hong Kong Maritime Week. The Greater Bay Area, Beijing’s attempt to unite nine cities in Guangdong with Hong Kong and Macau into…
-
DP World buys Australia’s Silk Logistics
DP World buys Australia’s Silk Logistics Dubai-based ports and logistics player DP World has reached an agreement to acquire Australian port-to-door logistics services provider Silk Logistics. The transaction, subject to shareholder approval of Silk Logistics and standard closing conditions, values the company at about A$174.5m ($115.6m) or A$2.14 per share. Silk Logistics operates 21 logistics…
-
A $1.3trn market opportunity drives into Asia
A $1.3trn market opportunity drives into Asia Pushpank Kaushik, CEO of Jassper Shipping, writes for Splash today on electric vehicle adoption in emerging Asia. The electric mobility wave is transforming markets worldwide, but in Asia’s emerging economies, its impact extends deeply into social, environmental, and public health spheres. India, now the world’s largest market for…
-
Höegh Evi moves to develop French hydrogen import terminal
Höegh Evi moves to develop French hydrogen import terminal Norway’s Höegh Evi, formerly known as Höegh LNG, has signed a memorandum of understanding with the port of Port-La Nouvelle to develop a floating hydrogen import terminal targeting up to 210,000 tonnes of volumes annually from producers in the Middle East, North Africa and the Americas…
-
Canada faces port strikes on east and west coasts
Canada is facing the real threat of strikes on both its west and east coasts. Employers at British Columbia’s ports say they have received 72-hour strike notice from the union representing about 700 foremen in an ongoing labour dispute. The B.C. Maritime Employers Association (BCMEA) said yesterday that if the International Longshore and Warehouse Union…