Government guarantee secures Transnet’s short-term finances
NewsAlthough it had been widely accepted that the government of South Africa would provide transport utility Transnet with no further financial ...
ICTSI secures US$750M finance
NewsIn a further move to expand its terminals portfolio, Manila-based International Container Terminal Services Inc has successfully concluded a...
Fremantle port move revitalised
NewsThe port of Fremantle in western Australia has little room to expand as a result of the area’s local topography. The land near the port is...
RIVE orders new locomotives
NewsParis-based RIVE Private Investment has secured €300M in bank financing for the acquisition of 55 ‘innovative’ railway locomotives fro...
Transnet to seek private operator for Maydon Wharf fruit terminal in Durban
NewsSouth African transport utility Transnet has issued a Request for Proposals (RFP) to develop and operate a multi-purpose terminal to handle ...
APMT results improving
NewsAlthough APMT Q3 2023 results were down on the corresponding period of 2022, there was evidence to suggest that the company’s trading perf...
Gloomy outlook for the container shipping industry
NewsReports recently published by Drewry, HSBC Global Research, Sea-Intelligence and Xeneta point to an extremely challenging future for the lin...
ILWU seeks bankruptcy protection
NewsThe International Longshore and Warehouse Union (ILWU), which represents dockworkers working on the Pacific seaboard of the US and Canada, h...
Magellan Circle and Simplifhy launch H2 Ready
NewsH2 Ready is a new service for ports and transport/logistics operators designed to help hydrogen-based decarbonisation projects obtain Europe...
Bertram Rickmers in the firing line
NewsA private investor has filed a criminal complaint against the Hamburg shipowner Bertram Rickmers...
China’s port companies report mixed results
NewsChina’s two leading port management/terminal operating groups, Cosco Shipping Ports (CSP) and China Merchants Ports (CMP), have posted mix...
Hapag-Lloyd “insider trading” allegations
NewsA managing partner of Bank Berenberg, Germany’s oldest bank, is being investigated for insider trading of Hapag-Lloyd shares in 2017...
Capturing revenue
NewsFor a number of ports around the world, the most pressing security issue is finding misdeclared containers to capture customs revenue....
Germany’s Nord LB seeking new funds
NewsNord LB Hanover, the ship finance bank owned by the German states of Lower Saxony (NS) and Saxony-Anhalt, needs fresh capital. According to ...
Financing automated equipment
NewsDLL, a global financial solutions provider and 100% daughter of Rabobank, is pushing the terminal operating industry to follow the warehousi...