Large container vessels are pressuring the entire container network, and West African ports will have to invest heavily in expansion to keep up, writes SeaIntel. Find out which ports are leading the race to become West Africa's commercial hub.
BY KATRINE GRØNVALD RAUN Published 23.11.15 at 14:51
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Three offers have been submitted for the Port of Thessaloniki in Greece. DP World is among the bidders for the controlling stake in the port, which will be privatized as part of the Greek debt agreement.
CEO Morten Engelstoft has already kicked off the work to bring APM Terminals and Maersk Line closer together. In an interview with ShippingWatch, he outlines three concrete points on which the two companies will help each other.
APM Terminals has filed a lawsuit against the Spanish businessman and former owner of Grup Maritim TCB, Ángel Pérez Maura. The company is seeking compensation after becoming entangled in a Guatemalan corruption case. Maura also sued APM Terminals.
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It was an aggressive Maersk Line which conquered nine percent of the global container market in 2016, says Hapag-Lloyd CEO Rolf Habben Jansen, who now risks losing longtime cooperation agreements with "neighbor carrier" Hamburg Süd to Maersk Line.
J. Lauritzens' head of dry cargo, Peter Borup, has stepped down from the carrier "following mutual agreement." The carrier is currently struggling to settle a refinancing agreement. The head of Lauritzen's gas vessels will serve as interim head of dry cargo.
John Fredriksen and his tanker carrier Frontline are offloading shares in DHT Holdings. The sale comes after Frontline's attempts to buy the competitor failed last week, as DHT made a deal with BW Group instead.