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Korean Yards Build Over Half the World's Merchant Vessels

Swiss-based Mediterranean Shipping Company (MSC) entered a 35-year concession agreement for the expansion of the San Pedro Container Terminal (TCSP) in Côte d'Ivoire on May 30.

MANILA, Philippines - International Container Terminal Services Inc. (ICTSI) has decided to terminate a deal to develop and operate a container terminal in Nigeria.

On Tuesday, Port Everglades received unanimous approval from Broward County's board of commissioners for a $438 million project to add new berths and install crane rails for new Super Post-Panamax cranes. The project is the most expensive capital improvement agreement awarded in the port's history.

SEJONG, May 25 -- Cargo processed at South Korean seaports gained ground last month from a year earlier on brisk outbound shipments, government data showed Thursday.

Panama City, Panama, May 24, 2017 – Today, less than a month after the previous record was set, the Panama Canal welcomed the Neopanamax container vessel OOCL France, making it the largest capacity vessel to transit the Expanded Canal since it was inaugurated in June 2016.

The Brazilian port system is almost at a standstill this week as a strike by the tax auditors of the Receita Federal (or Customs Office department) bites hard having begun last Wednesday (May 17).

ADM do Brasil has completed its $85 million expansion plan at the port of Santos and so now holds one of the biggest grain terminals in South America, capable of handling around 8 million metric tonnes of grain per annum, up 33% from the previous capacity of 6 million mt per year.

Hyundai Merchant Marine Co. (HMM) said Thursday that it will purchase a port terminal in Spain for 117.6 billion won (US$104.1 million).

Dutch dredging giant Royal Boskalis Westminster and its Belgium based counterpart Jan De Nul have signed a joint venture contract valued at some €250m with the Jawaharlal Nehru Port Trust in India.


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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