Good times in the container business have ports expanding their capacity, and an important part of such expansion will be the uptake of projects built entirely from scratch – rather than expanding something that already exists.
According to maritime supply chain and consultancy firm Drewry, operators of port terminals have gained ”increased appetite for higher-risk greenfield projects to deliver long-term growth.”
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In the drama surrounding the merger between tanker majors Euronav and Frontline, one of the arguments from Euronav’s biggest shareholder, the Saverys family, is that the merger will pull Euronav in the wrong direction on the green agenda. Euronav tells ShippingWatch that the company rejects this criticism.