According to Fairplay estimates based on World Bank and IMF data and forecasts, Djibouti’s GDP will cross the USD2 billion barrier and container throughput will hit the 1 million teu mark, both in 2017.
The signing confirms the initial award of the concession to the consortium by the Cameroonian government in August 2015 against keen competition from ICTSI and APM Terminals.
Hong Kong-listed red chip China Merchants Port Holdings (CMPort) has reached an agreement with the government of Sri Lanka to acquire an 85% stake in Hambantota Port for USD1.12 billion.
Global port and free zone developer DP World signalled its intention to support the goals of the Indonesian government to overhaul its port network and reduce logistics costs as a percentage of GDP.
DP World is in it for the long haul at Embraport.
APMT operates terminals in Los Angeles and New York, the country’s two largest container ports, in addition to the ports of Miami, Florida; Tacoma, Washington; and Mobile, Alabama.
China’s main container ports continued their strong performance since the start of the year in the month of May with a double-digit expansion in throughput compared with May of 2016.
From January to April 2017, TPT handled 1,396 teu from nine container ships, 6,196 automobiles, and three ro-ro vessels.