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Egyptian authorities have opened the $8.2 billion Suez Canal expansion today, inaugurating a new 35 km stretch of waterway that it is hoped will attract further East-West trade and reignite investor interest in the country’s port and infrastructure sector.

Equipment manufacturer Conductix-Wampfler has announced the launch of the first fully electricfied container terminal in the Americas, with the  completion of work at SSA México's (SSAM) Manzanillo Mexico Terminal in Colima on Mexico’s west coast.

The Canadian government has announced plans to invest $9.2 million in shore power technology for container vessels at two of Port Metro Vancouver’s container terminals, in order to “reduce marine shipping emissions”.

Increased levels of automation within port operations, combined with the trend towards ever larger vessels, is resulting in record levels of productivity for loading and unloading.

Dubai-based terminal operator DP World has placed a $700 million order for cranes and port machinery from Shanghai Zhenhua Heavy Industries (ZPMC), Chinese news agency Sina reports.

Authorities at Azerbaijan’s Port of Baku have signed a  Memorandum of Understanding (MoU) with subsidiaries of the Port Antwerp to support further development of the Black Sea port’s facilities.

Dutch logistics firm DFDS Seaways and Forth Ports have announced plans to invest €6 million to upgrade infrastructure at the Port of Rosyth in Scotland and improve links with Zeebrugge.

Spanish port operator and developer Grup TCB has upgraded its port at Nemrut Bay in Izmir, Turkey with the acquisition of $850,000 of new equipment and technology designed to optimize loading and unloading operations for vessels at the terminal.

Authorities at the Port of Los Angeles have announced plans to begin construction on a $44.6 million upgrade project to expand capacity at the container terminal operated by Yusen Terminals and allow access for larger vessels.

Chinese firm Cosco Group is the latest major shipping line to expand its portfolio with Ultra-Large Container Vessels (ULCV) having ordered nine new ships, each with capacity of 20,000 TEU.


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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