Port Operator News

A project to transform the Port Talbot into a major hub for floating offshore wind (FLOW) and green energy development has come one step closer to securing a share of up to $200 million (£160 million) of UK Government funding.The UK Government has agreed to take forward the Future Port Talbot project and the Port of Cromarty Firth to undergo due diligence as part of the next stage of its Floating Offshore Wind Manufacturing Investment Scheme (FLOWMIS).The due diligence process…

One of the largest port-infrastructure companies Euroports and Spanish offshore wind developer BlueFloat Energy have signed a memorandum of understanding (MoU) to foster cooperation in supply chain and ports infrastructure for the delivery of offshore wind in Europe.The strategic alliance marks a significant step forward in building capabilities and infrastructure critical to establish an offshore wind energy sector.Euroports, with its distinguished reputation as a premier offshore wind port operator…

A climate change protest off Australia's east coast disrupted operations at the country's biggest coal export port on Saturday, the port operator said.Climate activist group Rising Tide, which claimed responsibility for the action, said around 1,500 people were at the protest, 300 of them in the shipping channel near the Port of Newcastle, as part of a 30-hour blockade set to run until 4 p.m. (0900 GMT) on Sunday.Climate change is a divisive issue in Australia, the world's biggest exporter of thermal coal behind Indonesia…

President Vladimir Putin signed on Wednesday a decree transferring to Russia's state nuclear power company Rosatom state-owned shares of the Far Eastern Shipping Company, parent company of transportation group Fesco.Fesco was formerly controlled by Ziyavudin Magomedov, who was convicted last year on organized crime and embezzlement charges and is serving a 19-year jail sentence following one of the highest-profile prosecutions of a Russian tycoon in years.Magamedov says the charges are unfounded and is appealing his conviction.

Russian tycoon Ziyavudin Magomedov, jailed at home in Russia, has launched a London lawsuit seeking nearly $14 billion over his holdings in valuable port operators, which he says were seized as part of a state-backed conspiracy.The businessman filed the lawsuit at London's High Court on July 20 against several defendants, including Russian state nuclear energy company Rosatom, oil pipeline operator Transneft, private equity firm TPG, and UAE-based port operator DP World.Magomedov…

Ukraine’s Danube Shipping Company (DSC) has asked Romania’s Constanta Black Sea port to allow ship-to-ship grain transfers which would almost double its barge export capacity, the company said on Monday.A major grower and exporter, Ukraine’s 2023 grain output is seen at up to 56 million metric tons but a blockade of its major Black Sea ports since Russia’s invasion in February 2022 has constrained shipments.Ukraine’s Danube river ports, which previously accounted for around a quarter of grain exports, are now the main route out for the country’s harvest, some of which is sent on barges to Cons

Hapag-Lloyd CEO Rolf Habben Jansen said on Thursday that it would not be in the container shipper's interest to make a counter offer for HHLA, the main operator of Hamburg port, and may instead cut its traffic through the hub.On Wednesday, Switzerland-based MSC, the world's biggest container shipping company, offered to buy almost half of the port operator in a deal that could be worth nearly 1.3 billion euros ($1.4 billion).Speaking to Reuters in an interview, Habben Jansen said that as a result of MSC's bid…

Swiss-based MSC, the world's biggest container shipping company, has offered to buy almost half of the main operator of Hamburg port in a deal that could be worth nearly 1.3 billion euros ($1.4 billion), setting the stage for a potential bidding war.Shares in HHLA, which runs Germany's biggest port, soared 49% to a 19-month high as shortly after Wednesday's announcement German logistics billionaire Klaus-Michael Kuehne said he was considering a counter offer."We are examining the submission of a public takeover bid, but would prefer an agreement with the city of Hamburg on privatization - be i

Dubai's state-owned ports giant DP World said on Thursday its first-half profit fell nearly 10% from a year earlier, even as revenue climbed nearly 14%, and flagged an uncertain outlook for trade.Profit attributable to DP World's owners in the six months to June was down 9.7% at $651 million from a year earlier, when the port operator posted record profit of $721 million."While the near-term trade outlook may be uncertain due to macroeconomic and geopolitical factors, the solid financial performance of the first six months positions us well to deliver a steady set of full-year results…

Romania's Constanta port, Ukraine's main alternative route for grain since Russia's withdrawal led to the collapse of the Black Sea shipment deal, has capacity to handle extra cargoes until mid-August, the head of the port's business association said.He added operators were also seeking to increase capacity.Even before Russia on Monday quit a safe passage grain corridor through Ukraine's own ports, Constanta had emerged as the biggest alternative shipping route. It has handled roughly a third of Ukraine's grain exports since the start of the war.Transit pressure will mount on Constanta…

Lloyd’s Register Maritime Decarbonisation Hub and the Maritime and Port Authority of Singapore (MPA) have signed a Memorandum of Understanding (MoU) aimed at collaborating on a fleet-specific decarbonisation strategy for ‘The Silk Alliance’ cross-industry initiative to enable zero-emission shipping across the Indian and Pacific Oceans.The collaboration includes driving investments into scalable fuel supply infrastructure to meet the demand of members of The Silk Alliance and potential wider regional bunkering demands for alternative fuels.Launched in May 2022…

Abu Dhabi-based AD Ports Group has signed a 25 years agreement with Singapore-based Crystal Offshore a logistics solution provider to the marine & offshore Industry to build an offshore rig and vessel repair base in Abu Dhabi's Khalifa Port.Under the agreement, a 20,000 square meter plot of land and an associated quay wall in Abu Dhabi's Khalifa Port will be allocated for Crystal Offshore to construct a base, featuring office facilities and fabrication workshops to provide advanced repairs and refits to jack-up rigs as well as marine and offshore vessels.Saif Al Mazrouei…

Sean Strawbridge, chief executive of the Port of Corpus Christi, the largest U.S.

Throughput in the port of Rotterdam, Europe's largest sea port, fell 1.5% in the first quarter as high inflation slowed down container traffic, the port's operator said on Monday."Especially in the container segment, we faced a decline in volumes due to high inflation and a weakening economy," port CEO Allard Castelein said in a statement."Results in the other segments mainly show growth and confirm that dependence on Russian energy flows has been further reduced in line with…

Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country.The group said the sale of its inland depot facility in Novorossiisk, with a capacity of 1,500 containers (TEU), and a chilled and frozen warehouse in St. Petersburg had obtained regulatory approvals in the European Union and Russia."We are pleased to have found…

One of Europe’s largest ferry route and port operators, Stena Line, said it has signed a new deal with U.K. port operator Peel Ports to operate its 12 Quays port and ferry terminal in Birkenhead until the beginning of the 22nd Century. The Swedish company has operated twice daily ferry services to Belfast since 2011 and this new deal will see them continue to operate there for at least another 77 years, until 2100.The value of the deal has not been disclosed.Stena Line operates six routes and 12 vessels across the region and Birkenhead has been a key focus for investment in recent years.

A.P. Moller-Maersk said on Monday it has agreed to sell its 30.75% stake in Russian port operator Global Ports Investments to Russia's largest container operator Delo Group, which also owns a 30.75% stake in the firm.After the divestment, which needs regulatory approval, Maersk's port unit APM Terminals would "no longer be involved in any entities operating in Russia or own any assets in the country," Maersk said in a statement.Maersk put its stake in Global Ports up for sale in March as it decided to quit Russia because of its invasion of Ukraine.

Australia's Macquarie group is investing in Brazilian ports by taking a stake in port operator CLI and funding a deal to buy sugar and grain terminals in Latin America's largest port, Santos, for $260 million, the companies said on Friday.Railway operator Rumo said in a securities filing late it has sold 80% of its subsidiary EPSA, which manages terminals 16 and 19 in Santos, to CLI for 1.4 billion reais ($260 million). Rumo will remain a minority shareholder.CLI, formally Corredor Logistica e Infraestrutura, belonged to the Brazilian private equity fund IG4.

Global Ports Holding Plc said on Tuesday it had terminated talks with Swiss-based MSC Mediterranean Shipping Company which had approached the world's largest cruise port operator to acquire it, adding it was confident about its strategic direction.SAS Shipping Agencies, a unit of MSC confirmed that it does not intend to make an offer for Global Ports, which is owned by Turkish businessman Mehmet Kutman.Shares of London-listed GPH were down 16.7% at 95 pence as of 1115 GMT.(Reuters - Reporting by Shanima A; Editing by Vinay Dwivedi)

Global Ports Holding PLC, the world's largest cruise port operator, said on Wednesday it had received an approach about a potential cash offer from Swiss-based MSC Mediterranean Shipping Company.Shares of the London-listed company closed up 19% at 109 pence and marked their best day in two years after Global Ports confirmed a Bloomberg report that MSC was considering taking a controlling stake in Global Ports.Global Ports, owned by Turkish businessman Mehmet Kutman, said the talks were ongoing and the deadline for the container group to make a firm offer or walk away is July 13.Global Ports, w

A Singapore trade data sharing platform backed by banks, commodity houses and state firms has signed up 70 participants as part of the city-state's attempts to bolster confidence after a spate of commodity trade finance frauds in recent years.The Singapore Trade Data Exchange (SGTraDex), whose founders include banks DBS and Standard Chartered, commodity trader Trafigura and the local tech regulator, Infocomm Media Development Authority, was launched on Wednesday after plans were announced last year."We're trying to replicate what's happening in the physical world…

Pressed into emergency service by the blockade of Ukraine's seaports by Russian invaders, neighboring Romania is racing against time to move Ukrainian grain to global markets before the next harvest triggers bottlenecks.Ukraine, the world's fourth largest grain exporter, has been forced by Russia's invasion to re-route shipments by train via its western border into neighboring Poland, Slovakia and Romania or on barges through its small Danube river ports.But Ukraine needs to move…

Maersk has found possible buyers for its stake in Global Ports Investments, which operates ports in Russia as it withdraws from the country following a final cargo shipment this week, the Danish shipping group said on Wednesday.Maersk put its 30.75% share of Global Ports up for sale as it decided to quit Russia because of its invasion of Ukraine.It said talks were taking place with several potential buyers without giving names and that it did not expect to have to give the stake…