CMA CGM to acquire Fenix Marine Services’ terminal in Los Angeles
WEBNov 4, 2021 · CMA CGM Group has agreed to acquire a 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of US$2.3bn. Currently holding a 10% stake in the terminal, the French company will become sole owner of the FMS facility post transaction closing. FMS is …
ILWU and PMA reach tentative agreement on six year West Coast …
WEBJune 16, 2023. in News, Top News. The Port of Los Angeles. Following a fractious period with repeated work stoppages, the Pacific Maritime Association (PMA) and the International Longshore and Warehouse Union (ILWU) have announced a tentative agreement on a new six year contract covering workers at all 29 West Coast ports. In a joint statement ...
Maersk Container Industry to be sold to CIMC for close to US$1bn
WEBSep 30, 2021 · Maersk Container Industry to be sold to CIMC for close to US$1bn. China International Marine Containers (CIMC) is to acquire Maersk’s specialist refrigerated container manufacturing brand Maersk Container Industry (MCI) in a US$987.3m cash and debt free transaction. CIMC will take over MCI’s …
PSA Singapore opens first phase of Tuas Port mega hub
WEBSep 2, 2022 · PSA Corporation has inaugurated Tuas Port, with the first two berths operational at the first phase of development of the mega hub, which will be the world’s largest fully automated container terminal in a single location when fully operational in the 2040s. The port offers 23 m of draught alongside and a total berth length of 26 km, with ...
CMA CGM launches early container return incentive programme
WEBMay 13, 2022. in News, Top News. Fenix Marine Services terminal. CMA CGM is launching an early container return incentive programme at the FMS terminal in Los Angeles and at all its return locations in Chicago, Dallas, Kansas City and Memphis, aiming to accelerate the return of empty containers. According to the carrier, the scheme which begins ...
Container volumes up 21% at JNPT | Container Management
WEBAug 4, 2021 · Container throughput jumped by 21% at Jawaharlal Nehru Port Trust (JNPT) in July, with more than 430,000 teu handled. In the first four months of the fiscal year (April–July 2021), the port handled 1,797,838 teu, which represents as much as a 51% increase over last year’s figures. In 2020, JNPT lost the crown of India’s leading container ...
ZPMC to supply future-ready cranes to Saudi Global Ports
WEBJul 1, 2022 · Saudi Global Ports (SGP) and Shanghai Zhenhua Heavy Industries Company (ZPMC) have formalised a contract for three new future-ready quay cranes. The three new cranes are part of SGP’s commitment under the Concession Agreement and Consolidation Plans to invest SAR7bn (US$1.9bn) to modernise King …
Maher Terminals orders three STS cranes from Liebherr
WEBOct 8, 2021 · Maher Terminals at the Port of New York and New Jersey has ordered three ship-to-shore (STS) cranes from Liebherr Container Cranes, bolstering the port’s ability to handle the world’s largest vessels. The cranes will take their place alongside the existing eight Liebherr STS cranes at Maher’s terminal. The first two cranes were supplied ...
Singapore opens new Pasir Panjang terminal - Container …
WEBJune 24, 2015. in News. Artist's impression of completed PPT at end of 2017. Singapore’s Prime Minister Lee Hsien Loong officially opened the newest addition to PSA Singapore Terminals’ (PSA) container port yesterday (23 June). The S$3.5bn (US$2.6bn) Phases 3 and 4 Pasir Panjang Terminal (PPT) development with 15 berths on almost 6,000 m of ...
Port of Ningbo Zhoushan resumes operations after container …
WEBAugust 14, 2024. in News, Top News. Port of Ningbo Zhoushan. Ningbo Beilun’s Phase III terminal has resumed loading and unloading operations following a 60-hour closure after a dangerous goods container exploded on the YM Mobility vessel at the port. The box contained organic peroxide materials and recent hot weather in the city has been ...