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BEIJING (Reuters) - China will not export its excess capacity to countries involved in its “Belt and Road” initiative and will endeavor to not repeat problems it made in the course of its own development, the country’s industry minister said on Monday.

Infrastructure construction for the Container Exchange Route (CER) has begun at the Port of Rotterdam in a bid to improve operational efficiency and reduce costs.

In 2017, Tuapse Sea Commercial Port JSC (TSCP, a company of UCL Holding) invested RUB 350.4 million (USD 6.1 million) in the development of its port infrastructure, which represents a 32% year-on-year increase.

Bharat Mumbai Container Terminals (BMCT) has continued to improve connectivity for Jawaharlal Nehru Port Trust (JNPT) users with its first barge and train volumes last week.

Canada's Port of Quebec has decided to strengthen commercial ties with three Belgian ports.

The head executives of Singapore-based PSA International (PSA), one of the world's largest port operators, have commented on its 2017 financials, which resulted in its terminals handling a total of 74.24 million TEU for the year ended 31 December 2017, representing an increase of 9.8% from the previous year.

The technology group Wärtsilä is to acquire Transas, a global company headquartered in the UK, in a transaction valued at US$ 258.7 million (€210 million).

A consortium led by the China Communications Construction Company (CCCC), in association with Brazilian companies WPR and Lyon Capital, began work on Friday to build the port of São Luís in the northeast state of Maranhão, Xinhua news agency reported.

A consortium comprising AB InBev, Accenture, APL, Kuehne + Nagel and a European customs organization has successfully tested a blockchain solution designed to eliminate the need for printed shipping documents and save the freight and logistics industry hundreds of millions of dollars annually.

The cargo processing capacity in the Mozambican port of Maputo will increase by 1.5 million tons by December 2019 following repairs and modernisation of docks 6, 7, 8 and 9, already started by the contractor, said the project manager of the Maputo Port Development Company (MPDC).

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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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