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Photo: Wally Santana/AP/Polfoto

DP World increases stake in South Korean port

Ports:

One of the world's largest terminal companies, DP World, has bought a large ownership share in South Korea's major port Busan, writes Bloomberg.


BY RITZAU FINANS
Published 29.12.16 at 12:02

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Most read Ports

Port of Gothenburg labor conflict required constant communication

magnuskårestedt.jpg Ports:

CEO of the Port of Gothenburg, Magnus Kårestedt, has spent much of his time in the last 18 months handling the port's labor conflict between APM Terminals and the dockworkers. "Many don't understand the core of the conflict," he says in the latest article in ShippingWatch's series on communication.

Port of Rotterdam wants more state support

Ports:

Rotterdam's port booked a positive first half of the year with rising freight volumes. But if this development is to continue, the Dutch state must show more support, like in neighboring countries such as Germany, the port urges.

U.S. longshoremen earn three times average national wage

Ports:

The unionized American longshoremen earn significantly more than the average worker in the U.S., writes SeaIntel in an analysis.

New strike hits Port of Gothenburg as talks collapse

Ports:

Starting at 4 pm CET on Tuesday and lasting 24 hours, APM Terminal's Gothenburg facilities will be at a standstill. An attempt to trip up Swedish exports, says APM Terminals Gothenburg CEO Henrik Kristensen.

Union: APM Terminals rejects new proposed Gothenburg resolution

Ports:

A proposal to mediate a deal from the union that organizes a majority of the employees at APM Terminals in Gothenburg failed to deliver a resolution to the protracted conflict.

This is how APM Terminals and Maersk Line will join forces

Ports:

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.

Current front page

Port of Gothenburg labor conflict required constant communication

magnuskårestedt.jpg Ports:

CEO of the Port of Gothenburg, Magnus Kårestedt, has spent much of his time in the last 18 months handling the port's labor conflict between APM Terminals and the dockworkers. "Many don't understand the core of the conflict," he says in the latest article in ShippingWatch's series on communication.

It has been a bit more fun to be a dry bulk carrier in 2017

Bulk:

Rates have generally been higher in 2017, a year projected by many to be a year of beginning recovery – but a decline since the boom in the spring has curbed the budding optimism. And this could be a good thing, says J.P. Morgan.

Svitzer awarded 15-year contract in Bangladesh

Carriers:

Maersk's towage unit has won a contract to service the first floating LNG terminal in Bangladesh. The contract supports the company's ambitions to grow in the oil and gas sector.

BP weighs divestment of oil fields in the North Sea

Offshore:

According to internal sources, BP has contacted potential buyers for its oil and gas fields in the North Sea, reports the Wall Street Journal. Asset managers are allegedly in the picture.

Keppel Marine & Offshore suffers half-year deficit

Suppliers:

Keppel's marine business, which covers several yards specializing in offshore, suffered a deficit in the first six months of the year, compared to a profit of USD 177 million in the same period last year. The offshore sector drags the business down.

Port of Rotterdam wants more state support

Ports:

Rotterdam's port booked a positive first half of the year with rising freight volumes. But if this development is to continue, the Dutch state must show more support, like in neighboring countries such as Germany, the port urges.

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