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Philippine port operator International Container Terminal Services, Inc. (ICTSI) plans to spend $330 million to expand and upgrade its Manila terminal capacity over the next ten years, new agency Malaya reports. .

Panama’s port of Balboa is set to receive investment of $110 million through 2015, from operator Panama Ports Company (PPC), a subsidiary of Hong Kong-based conglomerate Hutchison Whampoa.

French container and shipping company CMA CGM has announced changes to its service between Africa and India with the introduction of a new call in Nhava Sheva, India.

Following the lifting of a truck ban at the Port of Manila the Philippine government is still facing issues clearing backlogs and bottlenecks at the port.

Private investment will support the development of five new ports in western India, according to Karnataka state minister of ports, Baburao Chinchansur. The projects are planned in Honnavar, Manki, Mavinakurve Basavaraj Durga Island, Belekeri and Thadadi in Uttara Kannada district and are hoped to atttract investment of over $1 billion.

A consortium of companies has signed a Letter of Intent (LOI) for the construction of a new terminal for cruise and cargo ships in the Russian city of Pionersky in the Kaliningrad Region.The LoI was signed by project partners FSUE Rosmorport, MSC Group and the Governor of the Kaliningrad Region.

Plans to increase through-put at Mozambique’s Maputo port will result in $3 billion in investment by 2020, according to the Maputo Port Development Corporation (MPDC).

Development of deep water ports in West Africa between Dakar and Pointe Noire is expected to add at least 11.5 million TEUs of capacity by 2020, according to Michel Donner, Senior Advisor at Drewry who spoke at Port Finance International Morocco conference last week.

Wednesday, 17 September 2014

CMA CGM adds Miami call

CMA CGM today announced that its Amerigo service will be introducing next month a new weekly call in Miami, which it says will develop market opportunities with Florida and Mexico.

The Douala International Terminal (DIT) has officially inaugurated four new rubber-tyred gantry (RTG) cranes. Its mother company Bolloré Africa Logistics says that the investment, worth 4 billion West African CFA francs ($8 million), is intended to streamline traffic through the Cameroonian port.

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