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Singapore's terminal group PSA grows almost 10 percent

Singapore's major terminal operator PSA grew 9.8 percent on container throughput in 2017 compared to 2016. New technologies and uncertainty will characterize the coming years, says PSA President and CEO Tan Chong Meng.

Terminal giant expects double-digit growth for 2017

The UAE-based terminal group DP World invested a total USD 1 billion in 2017 and expects to report double-digit growth in traded volumes across last year. "We look forward to continued growth in 2017," says DP World's chairman and CEO.

This week's top picks on ShippingWatch

During the first week of 2018, Maersk Drilling received criticism from Norwegian authorities after a fatal accident, while Nordic Tankers sold a joint venture to a German carrier. And optimism seems to be returning to offshore, not least Norway's oil capital Stavanger.

Law firm: Chinese major will dominate terminals in a few years

Cosco and China Shipping will be the world's largest terminal operator in a few years after their merger. This year, China's billion-dollar investments in the Belt and Road have highlighted the country's power and competitors should take note, writes law firm.

This week's top stories on ShippingWatch

The week brought a large-scale merger between Euronav and Gener8 Maritime, questions concerning Maersk's key route in Latin America, Swedish sulfur legislation and much more.

Greece's two biggest ports are now privately owned

With the sale of its second-largest port, in Thessaloniki, to a German-led consortium, and last year's Chinese acquisition of the country's biggest port, Piraeus, Greece has now sold its two most important ports.

Maersk's Russian port company gets new co-owner

Global Ports, partly owned by APM Terminals, will see a new co-owner in the form of Russia's Delo Group. The terminal company will be henceforth partly owned by Delo Group and APM Terminals. Corrected 12/21/17.

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