100% owner of Port Americas
The Canada Pension Plan Investment Board will become the 100% owner of Ports America, North America's major marine terminal operator, buying more than 90% of the shares from Oaktree Capital Management. CPP Investments has been a minority investor in Ports America since 2014.... more
Special cranes for Uruguay terminals
Corporación Navios in Uruguay has introduced new cranes to handle bulk cargo on narrow piers. To serve terminals with little space, but a high workload, the company opted for the space-saving design of the fixed cargo cranes series manufactured by Liebherr. The terminal... more
Industrial facilities on port land for sale
Two industrial facilities on port land, Le Havre's Grand Canal and Eco-Normandie Business Park, are open for investors, now that they have been awarded an official label by the government. "This government label not only throws a spotlight, but also provides a marvellous... more
Spanish ports are back with containers
The Spanish public ports handled 351.8 million t of merchandise between January and August this year. This is 6% above the level of the same period in 2020. However, this volume is still 5.7% below the pre-pandemic levels of January - August 2019. Compared to this period,... more
Coca Cola's new shipping business
How do shippers avoid congestion today? Messages on LinkedIn by Coca-Cola procurement director Alan Smith made this brand's new policy crystal clear: ""When you can't get containers or space due to the current ocean freight crisis, then we had to think outside the box... more
Preparations for pre-Christmas period in UK
In UK, DP World has inaugurated a storage space of 6,000 sqm dedicated to empty containers. The measure is meant to increase storage capacity during the critical pre-Christmas season. This move comes at a time when dwell times at terminals in UK have increased. Ernst... more
A new old oligopoly
The most important container production centres shifted from South Korea to China as long ago as the 1990s. The sale by Maersk of the reefer specialist MCI to CIMC is nevertheless likely to be a cherry on the cake for the Chinese corporation. Even the appetite of the Danes has... more
White smoke in the Port of Trieste
On the Adriatic coast, the Italian Port of Trieste has found a new international partner. The new free port at Bagnoli della Rosandra (FREEeste) is home to a new, multi-year partnership between Interporto di Trieste (Trieste Freight Terminal), the Port System Authority of the... more
Milestone for Hamad port
Hamad Port Qatar, which is one of the pillars of the country's supply, recently achieved a major milestone as it handled its sixth million container. The port has also processed 13 million freight tonnes of non-containerised cargo since the start of its operations in December... more
Rail-enabled vessels with green finance
It is a new sustainable finance instrument for the shipping industry. In New Zealand, HFW is advising Kiwi Rail on a secured NZD 350 million (USD 244 million) pre- and post-delivery loan facility for its purchase of two newbuilding Interislander rail-enabled ferries. The... more