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The Greek government has progressed plans to sell a 51% stake in the Port of Piraeus by September with the publication of a new timetable and draft law designed to support the second phase of tender, local media reports.

Officials from the Georgia Ports Authority (GPA), Murray County and CSX Transportation signed a Memorandum of Understanding this week to create a new inland port in the north of the state of Georgia.

U.S. cruise and terminal operator Carnival Corporation is to invest €30 million to develop a new cruise terminal at the port of Barcelona, the company has announced after receivng approval for the project from authorities.

The reliability of container services for East-West routes improved by 5.7% in June, extending a steady trend towards higher reliability, according to Drewry Supply Chain Advisors.

The economic value generated by the EU shipping industry is the focus of a recent study by consultancy Oxford Economics. The inforgaphic below illustrates some fo the key factors.

Indian logistics firm Adani Group expects to sign the concession agreement for the proposed $1.2 billion Vizhinjam deepwater port project as early as August 17th and begin work on November 1st, its executive director Karan Adani has said.

Investors in Russia’s Far Eastern port projects are set to receive a fillip after the government approved a reported $242 million of subsidies to help expand capacity and drive growth.

The Port of Calais in the north of France has received approval from the European Commission (EC) to go ahead with plans for a new €270 million cross‑Channel terminal.

Authorities at the Port or Montreal this week welcomed the Quebec government’s announcement that it will invest $1.2 billion in the provinces maritime industry under the terms of its first ever  Quebec Maritime Strategy.

Emirati logistics firm Gulftainer plans to add a second U.S. container terminal to its portfolio in Q1 2016 and operate as many as 5 terminals in the country by 2020 as it seeks to gain greater market share in the region, according to comments from managing director, Peter Richards.

ABOUT US

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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