Investment firms buy terminal in Rotterdam
Two large investment firms now buy Rotterdam Short Sea Terminals with the aim of growing and upgrading the terminal.
Two large investment firms now buy Rotterdam Short Sea Terminals with the aim of growing and upgrading the terminal.
The two major ports on the US West Coast are now more congested than was the case a few years ago, when the ports were hit by a large-scale conflict between port workers and employers.
Maersk CEO Søren Skou steps up in an attempt to alleviate the fierce criticism voiced by shippers and, most recently, US regulators about the pronounced logistics issues in a currently red-hot container market. He has, among other things, met with the FMC, one of the fiercest critics.
After pressured margins and hard-earned experience, the way is paved for Maersk's port operator to take the next step into a more automated and digitized future, says APM Terminals CEO Morten Engelstoft.