PSA pulls a Leg

Abu Dhabi Ports Group has signed an MoU for part of the new Bay Terminal at the port of Chattogram; PSA and DP World are also expected to participate.

The partnership will facilitate seamless door-to-door transportation services across the entire market, enhancing efficiency and reducing carbon emissions.

PSA faced declining profitability in 2023 amid inflationary pressures and market volatility.

Investments from new and existing players are having an effect, but there are still problems to overcome.

A public tender issued by Italian rail network manager RFI for the design and supply of three dual-fuel (LNG/MDO) fast ferries for passenger transport in the Strait of Messina has not elicited a single offer from the market.

Gruppo Grendi, the shipping, ports operator and logistics company, logged sales of €68.6M in 2021, 19% more than in the previous year. This partly reflected some recovery in passenger traffic on its Marina di Carrara-Olbia service and the success of the ro-ro freighter liner service introduced between Marina di Carrara and Olbia last year.