Qatar launches a five-year development plan that focuses on self-reliance in the face of a boycott by other Arab states.
Encouraged by signs of returning growth in the continent, the group opened an office in Ghana, while adding new services in the east.
CSP wants to develop its port supply chain platform and extend terminal services to better serve its clients across Asia and worldwide.
Revenue in the logistics and services business, which comprises inland activities of APM Terminals and other land-based plus air logistics operations of the group, increased to USD1.46 billion in the first quarter from USD1.38 billion in the same period a year earlier.
Zhuhai port wants to use the new financial leasing unit as a tool to secure new capital and fund the expansion of its core segments.
HMM regains its stake and will continue to operate with PSA International in Busan New Port.
Carriers say the worst affected ports include Bangkok, Chittagong, Calcutta, and Shanghai, with berthing delays of about a week.
Malaysia’s comeback prime minister, Mahathir Mohamad, has pledged to review all foreign contracts and projects, including key rail and port initiatives with China and neighbouring Singapore.
Intergis plans to shed half its headcount at Pier 7 at Busan North Port after Sinokor Merchant Marine’s decision to remove 200,000 containers from there.
Abu Dhabi Ports Company, the port’s landlord, which signed the 30-year concession with MSC this week, said the new investment would bring Khalifa Port Container Terminal capacity to 8.5 million teu by 2023.