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The Dutch port of Teneuzen and the Flemish port of Ghent have signed a treaty for the construction of a new lock to improve access by larger ships to both ports.

Thursday, 05 February 2015

CSAV completes share sale for $398m

Chilean shipping company Compañía Sud Americana de Vapores (CSAV) has raised $398 million following a second share auction to increase capital for future expansion.

Investment of $62.5 million has been approved by the U.S. Army Corps of Engineers in order to fast-track dredging work to deepen the Delaware River main channel and improve access to the Port of Wilmington for larger vessels.

Wednesday, 28 January 2015

ICTSI to raise $117m via bond issue

Filipino port management firm International Container Terminal Services Inc (ICTSI) is to raise about $117 million via the issuance and exchange of bonds in exchange for debt maturing at a later date.

The Port of Antwerp in Belgium handled a record 199 million tonnes of freight in 2014, according to the latest figures published by the port authority. The volume equates to a 4.3% year on year (y-o-y) rise on the previous year and is the highest annual amount ever recorded at the port.

New York governor Andrew Cuomo has outlined plans to invest $65 million in new port facilities across three sites in the state.

The Moerdijk Port Authority has announced that it is seeking tenders for a 119 hectares site at the port.

German crane manufacturer Liebherr has announced record shipments for 2014, with a total of 112 units supplied to six continents last year. The company claims this is the largest ever annual shipment by a manufacturer in the sector.

Bechtel, the largest construction and civil engineering company in the U.S., has signed a deal with Vietnamese firm Van Phong to conduct a feasibility study for a proposed gateway port in the Mekong Delta region in Vietnam.

The Government of Oman has launched a Request for Expressions of Interest (EOI) for the lease to operate and manage the country’s first dry port. Located in the South Al Batinah Logistics Area (SABLA) the project is designed to position the Sultanate as a logistics gateway for the Gulf and Middle East region.

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