Ports & Logistics
AD Ports completes TCI and Transmar acquisition
(Posted on 15/09/22)AD Ports Group has completed the acquisition of a 70 percent equity stake in Transmar International Shipping Company (“Transmar”) and Transcargo International S.A.E. (“TCI”).The total purchase consideration (Enterprise Value) for 70% shareholding amounts to AED 514 million (USD 140 million). It is the first...
Ukraine grain shipments resume to Euro-Silo, North Sea Port
(Posted on 09/09/22)After months of blockades, a grain ship from the Ukraine has today arrived at North Sea Port. The vessel moored at Euro-Silo at Sifferdok in Ghent.The ship, 'Zhe Hai 505' left the port of Odessa with 30,000 tons of rapeseed on board. More ships are scheduled for mid and late September, which will help restart the transhipment of...
Essar signs $2.4bn sale pact with AM/NS for infra assets
(Posted on 07/09/22)In one of the largest post-pandemic M&A deals in India, Essar today announced signing definitive agreements with Arcelor Mittal Nippon Steel (AM/NS) for certain Ports and Power infrastructure assets which are primarily captive to Hazira steel plant operations.The deal also envisages a 50-50 Joint Venture partnership, for building...
ABP signs new contract with ADM Fertiliser
(Posted on 07/09/22)Associated British Ports (ABP) has welcomes long term customer ADM’s fertiliser division to the Humber in a new contract.ADM Agriculture, one of the largest fertiliser suppliers in the UK, have signed a three-year extension agreement with ABP for the import, handling, bagging, and processing of fertiliser at ABP’s Bulk...
CP and KCS merger proposal receives US clearance
(Posted on 03/09/22)Canadian Pacific Railway Limited has announced that it has received the required regulatory clearance from the Committee on Foreign Investment in the United States ("CFIUS") for the proposed combination of CP and Kansas City Southern ("KCS").CP is a transcontinental railway in Canada and the United States with direct links to major...
Port of Mackay pulls ahead with new tug facility and trade record
(Posted on 03/09/22)The Australian Port of Mackay now boasts a new multi-million dollar purpose-built tug berth facility.Weipa, Abbot Point, Mackay and Hay Point trading ports all come under the care and authority of North Queensland Bulk Ports.The Port of Mackay recorded 3.6 million throughput tonnes, breaking the 2012-13 record of 3.3 million tonnes...
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