OUR GLOBAL PRESENCE This segment grew in geometric proportions over the years, providing impetus to our services activity as well. From few port-to-port sectors, OSL business expanded to cover the max of Asian, European, Middle Eastern, African and Far Eastern regions. Taking the market into consideration we identified the need of assistance that could re-engineer […]
Cargo flow at the major coastal ports in China is beginning to normalize and business operations have now entered the recovery phase, French container shipping major CMA CGM said in an advisory on coronavirus impact. As informed, manufacturing activities in mainland China are gradually picking up, and more port workers and truck drivers are returning […]
The impact of the COVID-19 virus outbreak on container shipping continues to grow, albeit at a slower pace. Copenhagen-based Sea Intelligence said in its weekly analytical report that a global volume loss due to COVID-19 impact has reached 1.9 million TEU amid blanking of sailings by global carriers. Carriers are blanking sailings as a way […]
APM Terminals’ new Vado Gateway terminal, located in Vado Ligure, Italy, received its first commercial service on February 11, 2020. The call by M/V Maersk Kota marked the start of operations for the new deep-sea Vado Gateway container terminal, which was commissioned in December 2019. The 6,400 TEU ship was the first of seven ships […]
Danish A.P. Møller – Mærsk A/S has decided to initiate a share buy-back program of up to DKK 10 billion (around USD 1.5 billion). The company said that the buyback would cover a maximum of 3.12 million shares to be acquired over a period of up to 15 months. The initiative follows the closure of […]
The International Association of Ports and Harbors (IAPH) has canceled the IAPH 2020 World Ports Conference, which was due to be held from March 17 to 19 in Antwerp, Belgium. As informed, the event cancellation was prompted by coronavirus concerns. “Given the spread of COVID-19 it has been necessary to cancel in the interests of […]
During the first quarter of 2020, cargo volumes at many U.S. ports are expected to go down by 20 percent or more compared to 2019 due to the impact of the coronavirus outbreak, according to the American Association of Port Authorities (AAPA). The drop is ascribed to longer than usual Lunar New Year shutdowns of […]
Due to the coronavirus outbreak the Intermodal Asia conference in Shanghai will now take place in July. Informa Markets, the organisers of Intermodal Asia, together with key sponsors CIMC and the China Container Industry Association (CCIA), have announced the event will now be held at the SWECC in Shanghai on 14 – 16 July. […]
Port operator announces its intention to delist on the basis that its “strategy is not fully appreciated by the equity markets.” Sultan Ahmed Bin Sulayem, Group Chairman and Chief Executive Officer of DP World. DP World’s parent company Port and Free Zone World has made an offer to acquire the 19.55% of DP World’s […]
Dubai-based port and terminal operator DP World has agreed to acquire a majority stake of 51 percent in TIS Container Terminal in the Port of Yuzhny, Ukraine. By becoming part of DP World’s global network of ports, TIS Container Terminal is expected to strengthen its position in Ukraine — the country in which the container […]
© 2023 All Rights Reserved | Powered by Oceanic Star Line
