Friday, December 30, 2016

Market Briefing from WorldCargo News Online

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Market Briefing

New backer for Genoese port group?
UK private investor fund M & G Infracapital is to acquire a majority stake in GIP Gruppo Investimenti Portuali...
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DP World increases Korean stake
DP World has increased its stake in Pusan Newport Company Ltd from 42.09% to 66.03%...
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Konecranes closes in on Terex MHPS deal
Having received all material regulatory approvals and in order to complete the acquisition of Terex Corporation's Material Handling & Port Solutions business, the Board of Directors of Konecranes has decided today on a directed share issue of 19.6M new class B shares to Terex Deutschland GmbH...
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Ports show slow, stable growth in Q3
The Shanghai Shipping Institute reports that global container volume was up 2.2% over the first three quarters of 2016....
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Cartel propensity worries Dutch watchdog
The Dutch anti-cartel body ACM (Autoriteit Consument & Markt) has expressed concern over the adherence to competition rules in the Dutch seaports...
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Manila - Cavite barge plan moves ahead
ICTSI plans to spend US$30M on the first phase of a new barge terminal designed to reduce trucking between Manilla and Cavite....
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Investors sought for Takoradi
The Ghana Ports and Harbours Authority (GPHA) is inviting Expression of Interest for the concession of an integrated container and multipurpose terminal in the port of Takoradi...
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Kalmar books seven RTGs
Kalmar, part of Cargotec, has reported an order for seven RTGs in Algeria...
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Log-In continues restructuring
Log-In has completed the sales of two 80,000dwt bulk ore carriers...
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Samskip extends with Hector Rail
Samskip is extending its operations with provately-owned rail freight company Hector Rail...
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FMC takes first step on demurrage
The US Federal Maritime Commission (FMC) has acknowldeged the complaint of the National Industrial Transportation League against container demurrage charges...
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Record freight year for Antwerp
Provisionally the Port of Antewrp handled a record volume of maritime freight in 2016, almost 215 Mt, with container traffic topping the 10M TEU mark for the first time ever...
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Uganda in tariff appeal
The Uganda Clearing Industry and Forwarding Association (UCIFA) has asked Tanzania to reduce transit charges for its traders passing through Tanzania to the same level as those imposed on their counterparts from other countries...
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Descartes acquires Datamyne
E-commerce specialist Descartes has acquired a leading provider of cloud-based trade data systems...
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Cape Verde concession at last?
The long saga over the concession to operate four ports in the West African state of Cape Verde appears to be coming to a close...
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Industrial tyres price hike
Trelleborg has announced a 5% price Increase on industrial and construction tyres...
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