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An Antwerp-based consortium has signed a formal concession agreement with the Sultanate of Oman to operate, develop and manage the Port of Duqm and its industrial land for the next 28 years.

DP World today posted a $604 million profit for 2013, up 10.9% over the previous year, despite its consolidating container throughput sliding from 27 to 26 million TEUs over that period.

Cargotec today announced that it has received a repeat order for its road-mobile Siwertell cement unloader.

In the wake of the Arab Spring, Egypt and Libya are seeking to develop the ports on which their economies rely, notes UK Trade and Investment (UKTI), which has published a detailed report on the related business opportunities in both countries.

Kalmar today announced that DP World has ordered two Gloria reachstackers for the new container terminal (T3) which it is to open this year in Jebel Ali.

DP World will soon pioneer the first remote control centre for both quay and yard cranes at its new terminal in Jebel Ali.

Abu Dhabi Terminals (ADT) today reported that Khalifa Port Container Terminal (KPCT) has received three ZPMC quay cranes as part of a $70 million investment to increase its capacity.

APS Technology Group today announced that Yilport Holding has selected its gate automation and operating solutions for the four multipurpose ports it operates in Turkey, adding that the system will allow control clerks to manage exceptions at multiple terminals from one location.

Cargotec yesterday announced that a Turkish construction services company has ordered a road-mobile Siwertell cement unloader which it intends to use at several sites along the Libyan coast.

Citadel Capital yesterday announced that one of its subsidiaries is launching a new container transshipment service on the Suez Canal, with river barges operating between the Port Said port and Sharq Al-Tafrea.