Global logistics firm UPS is reportedly planning to build a 2 million square foot distribution terminal at DP World’s London Gateway, as part of the “biggest logistics park in Europe”.
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.
UK port operator Associated British Ports (ABP) is to invest £2.2 million to construct a new bulk terminal at the Port of Garston in the North of England.
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.
Competition between Northern European ports has stepped up in the first half of the year but tight margins have failed to impede growth. The Port of Antwerp led rival Rotterdam for container handling growth in H1 2015, posting an increase of 9.5% year on year to 4.83 million TEU while Rotterdam grew just 3.7% y-o-y to 6 million TEU.
Turkish port operator Yilport Holdings has announced plans for a new terminal at Rosersberg, Sweden and new rail links linking Stockholm’s Nord Facility with a newly expanded Gavle Container Terminal (GCT).
The Royal Bank of Scotland (RBS) is reportedly planning to sell its portfolio of Greek shipping loan assets for an estimated $5 billion.
Officials from Oman’s Port of Duqm expect to award the tender for upgrade work at the site by the end of this year as part of plans to reach capacity of 3.5 million TEU per annum by 2017.
Chinese bank CEXIM signed a major $1 billion financing framework agreement with French shipping giant CMA CGM today. The deal was one of two major economic partnerships signed as part of Chinese Prime Minister Li Keqiang visit to the group’s headquarters in Marseille.
As Greece faces yet more eleventh hour negotiation over debt repayments and the potential that it may be forced to leave the European Union the effect on the country’s port sector looks set to be substantial.