The first stage of Chinese Cosco's takeover of Greece's largest port, Piraeus, is now complete. The next phase depends on Cosco's performance over the coming five years, informs the Greek privatization fund.
BY JOHANNES HARTKOPF-MIKKELSEN Published 10.08.16 at 13:39
Log in to read articles
Some of our content is exclusively for subscribers.
Singapore's Maritime and Port Authority have revoked two bunker suppliers' license to operate in the world's top bunker port. The two companies have, according to the authority, violated the terms and conditions for bunker activities in the port.
APM Terminals is in the process of upgrading several ports to handle the ultra-large vessels that a growing number of container carriers are ordering. There is a strong need for upgraded infrastructure in many parts of the world, CEO Kim Fejfer tells ShippingWatch.
When the new executive team is settled at APM Terminals, CEO Morten Engelstoft will set aside three days to develop a new strategy for the port company. Significantly fewer people than before will perform the task after a large reduction last year.
J. Lauritzen will gradually phase out larger dry bulk vessels when their contracts expire. "We're strong in Handysize, and that's where we've historically been the most profitable," CEO Mads P. Zacho tells ShippingWatch.