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After more than a year of circling its prey, China Merchants Port Holdings (CM Port) has finally bought 90 percent of TCP Participações, which is the holding company for Terminal de Contêineres de Paranaguá (TCP), the second biggest box terminal in South America.

After two successful installation campaigns in 2016 and 2017, Jan De Nul Group has reached an important milestone with the timely completion of the installation and burial of the export cables for DONG Energy's Race Bank Wind Farm in the United Kingdom.

The unmanned surface vehicle Pernov-A has completed its maiden test voyage around Russkiy Island, Rosmorrechflot said on Tuesday.

The President of Ecuador Lenín Moreno and DP World Group Chairman and CEO, Sultan Ahmed Bin Sulayem today performed a ground-breaking ceremony to mark the start of construction of the greenfield multi-purpose port project at Posorja, Ecuador.

Russian developers have launched a project for an integrated marine robotic system of anthropomorphic type for offshore operations. The project, described as unique, will be presented by MariNet, the National Technological Initiative (NTI) working group, on the sidelines of the International Exhibition NEVA-2017 in St Petersburg, September 19-21.

Russian developers have launched a scheme for a unique technological platform that will allow testing in a virtual environment of unmanned surface vessel navigation. The project will be presented by the working group MariNet of the National Technological Initiative (NTI) on the sidelines of the prestigious international exhibition NEVA-2017 in St Petersburg, from September 19-21.

Shanghai International Shipping Institute
Shanghai International Shipping Institute recently published Global Port Development Report of Q2 2017. According to the report, the World Bank forecast a global GDP growth rate of 2.7% in Q2, the growth rate remaining stable on the whole. Thanks to the positive trend of global economy, the recovery of international trade and the high-rising prices of staple commodity, the cargo throughputs at major ports around the world continued the rising trend of Q1. On the whole, port production in Q2 2017 maintained a satisfactory upward trend.

A team of Russian engineers will develop a concept and build a multitask composite autonomous surface vehicle (ASV) equipped to collect and transmit different data. The project described as unique will be presented by MariNet, the National Technological Initiative (NTI) working group, on the sidelines of the International Exhibition NEVA-2017 in St Petersburg, September 19-21.

The Baa2 issuer rating and senior unsecured rating of Danish shipping and oil major Maersk have been placed on review for downgrade, according to Moody's ratings agency.

South Korean shipyards, led by Hyundai Heavy Industries Co., are still struggling to cut costs through unpaid leave for their workers and shutting down dry docks idled amid a lack of orders, industry sources said Sunday.

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Port Finance International provides online news and conferences worldwide. It is a platform and a community for senior industry experts and players to review and discuss the market. Our online news team provides daily coverage of international port finance, investment and operations news. A weekly e-newsletter- sent to readers free of charge - covers the key news and views of the week.

Port Finance International's conferences and training programmes are held across the globe. These events feature key industry figures and they address market challenges and trends as well as providing industry players with essential networking opportunities.

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