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Chinese purchases of foreign terminals doubled in one year

Ports:

Chinese investors have doubled their investments in foreign terminal acquisitions to USD 20 billion in the past year, reports the Financial Times.


BY RITZAU FINANS
Published 17.07.17 at 13:29

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Most read Ports

Alphaliner: APM Terminals could be leaving India

pipavav.jpg Ports:

An Indian newspaper reports that APM Terminals is preparing to sell its large stake in port Gateway Terminals India. If the sale happens, it could indicate that APM Terminals is on track to leave India entirely, writes Alphaliner in an analysis.

Port of Hamburg maintains growth despite fierce competition

Ports:

Growth in the Port of Hamburg reached the same level as last year. Stable result in a challenging market and better than other German ports, says Axel Mattern, CEO of Port of Hamburg Marketing.

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.

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.

Port of Gothenburg labor conflict required constant communication

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.

These Asian ports are vying for P3's favor

Ports:

If the new P3 alliance is approved by the authorities, another competition will begin - the fight to become the alliance's favored port in Southeast Asia. ShippingWatch introduces the competing ports.

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Smedegaard aims to land two acquisitions this year

DFDS CEO Niels Smedegaard 2-version1 Carriers:

The second quarter was historically good for DFDS which also bought new vessels during the period. CEO Niels Smedegaard tells ShippingWatch that there are two acquisitions in the pipeline, which he hopes to land this year. "It is a nice situation to be in," he says.

Jan Rindbo: Dry bulk rates must rise to ensure profit

Bulk:

They have seen the highest dry bulk rates in four years but it is still not enough, Norden CEO Jan Rindbo tells ShippingWatch. The carrier's bright spot came in the form of the struggling tanker segment.

Alphaliner: APM Terminals could be leaving India

Ports:

An Indian newspaper reports that APM Terminals is preparing to sell its large stake in port Gateway Terminals India. If the sale happens, it could indicate that APM Terminals is on track to leave India entirely, writes Alphaliner in an analysis.

Svitzer will sell 11 laid-up vessels

Carriers:

The Maersk Group's towage company Svitzer will sell 11 laid-up vessels which have no prospect of securing work at sustainable prices due to market overcapacity.

Weak offshore market drags down Boskalis

Services:

Dutch Boskalis was hit by the weak offshore market in the first half of the year, as the net result dropped almost 50 percent to EUR 75.1 million compared to last year.

Maersk Drilling wins contracts for three rigs

Offshore:

Maersk Drilling has landed contracts and secured more work for three of its drilling rigs. One is a new contract while two are extensions on current projects.

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