The Indian government has approved proposals to invest $85.21 million in the development of Chahbahar Port in Iran. The proposal will see the port operated via an Indian JV company, composed of Jawaharlal Nehru Port Trust (JNPT) and the Kandla Port Trust (KPT), which will sign a 10 year leasing agreement.
Container volumes at the Sharjah Container Terminal (SCT) in UAE rose 14% year-on-year in the first half of 2014, according to terminal operator Gulftainer. The rise in traffic was driven by robust UAE-East Africa trade as well as ongoing developments in Sharjah.
DP World is bringing together senior government, non-government and industry leaders to discuss Public-Private Partnerships (PPPs) in Somalia.
Iran’s Transport Minister Abbas Akhoundi is calling for private investment, both domestic and foreign, into the country’s ports.
Construction contractor BAM today reports that it has started building an LNG jetty in the Jordanian port of Aqaba.
APM Terminals Izmir today announced that it has ordered three ship-to-shore (STS) cranes and 10 rubber-tyred gantry (RTG) cranes from Chinese manufacturer ZPMC for its upcoming container terminal in Petlim port, on Turkey’s Aegean coast.
The Israel Ports Company (IPC) has invited TIL, Eurogate, ICTSI and SIPG to submit their bids to operate the new container terminals being built in Ashdod and Haifa.
French manufacturer Gaussin Manugistique today announced that it has won a firm order from DP World, UAE Region for 127 Terminal Trailers (TT).
DP World today posted a volume growth of approximately 10% for the first half of the year, a result which its chairman Ahmed bin Sulayem attributed to “the addition of new capacity and a pick-up in global trade.”