Container Port Project News

Foreign trade and energy have boosted economies throughout the Americas. From the USA, to Argentina, Ecuador and the Bahamas, Maersk is helping unleash the region’s potential by facilitating the flow of goods around the globe. With modern infrastructure and improved access to international trade, Latin America´s economic growth can be significantly improved. Investments to secure access for larger vessels in US East Coast ports are underway and required to make it viable for the New Panamax vessels to be deployed on Maersk Line’s Asia–US East Coast services. Central and South America remain under-represented in global shipping, in part due to inadequate infrastructure…

Taiwan's Evergreen Marine forged an alliance with three local counterparts on Friday to bid jointly for a container port project in Taipei Harbor. Evergreen Marine, Yang Ming Marine Transport Corp., Wan Hai Lines and Evergreen Transport said in a joint statement they would set up the Taipei Port Consortium to issue the bid. Evergreen Marine and Evergreen Transport, members of the giant Evergreen transportation conglomerate, would own a combined 50 percent of the new company, which would have initial paid-in capital of T$800 million. Wan Hai would hold 40 percent, and Yang Ming would own 10 percent, the companies said. The estimated T$20 billion port project…

Hutchison Whampoa Ltd. would directly hold about 45 percent, not 65 percent, of the phase three of the Yantian container port project in the southern Chinese city of Shenzhen, a Hutchison official said on Thursday. She added that Hutchison has a majority stake in a foreign entity that would hold a 65 percent stake in the project. Through the investment entity, Hutchison would hold an "effective 45 percent", the official said. Officials at Hutchison's China partner Yantian Harbour Group said on Wednesday that China had allowed Hutchison to take a 65 percent stake in the project, while Yantian Harbour would hold the remaining 35 percent.