Eyebrows raised at China’s state-owned players’ increased stakes in European ports

Chinese companies hold investments in some 31 container seaport terminals in Europe and the Mediterranean as of end-August, reflecting the increased activity by China’s state players in Europe’s port network since 2016, according to Alphaliner’s report today (20 September).

With the addition of HHLA’s Tollerort terminal, COSCO Shipping Ports (CSP) now holds shares in eleven terminals in seven European countries (Belgium, Germany, Greece, Italy, the Netherlands, Spain and Turkey).

CSP’s financials...


Algoma Central in four product tanker JV with Furetank

St. Catharines, Ontario, headquartered Algoma Central Corporation (TSX: ALC) and Donsö, Sweden, based Furetank have entered into a joint venture (JV) agreement to construct four dual-fuel ice class 1A 17,999 DWT climate friendly product tankers. The two companies will own 50% each of the joint venture, which is to be named FureBear.

The four product tankers have been designed by Furetank in collaboration with FKAB Marine Design and several onboard system suppliers, with energy efficiency at the...


Supply chain radar: CMA Terminals – from Baltic freeze to sun in the Med

Closure of the CMA Terminals deal to acquire 25.5% of HMM’s Total Terminal International Algeciras (TTIA) facility brought the French group’s port portfolio back under the spotlight and its questionable structure.
Future deal-making 
It is split between Terminal Link, the 51%-49% joint-venture it has with China Merchants comprising 10 terminals that are, with one exception, key nodes on the Asia-Europe trade serving deepsea direct calls; and then there’s the rest, which come …

The post Supply...


M&A radar: Port mergers whet the appetite for further deals

China’s bubbling M&A activity in the port market took another step recently when Cosco Shipping Ports bought a 34.99% equity stake in Tianjin Container Terminal (TCT) – this is simply the latest move in the ongoing merger of terminal capacity in the north-east Chinese port.
It is the latest result in a plan that was hatched around a year ago in which the three owners – Cosco, Tianjin Port Holdings and China …

The post M&A radar: Port mergers whet the appetite for further deals appeared first on T...


CMI, CCS & RINA Collaborate To Work on New Bunker Fuels

China Merchants Industry enters in a technological partnership with Italian Classification Society RINA and China Classification Society (CCS) to develop new bunker fuels, reports Manifold Times.

About the agreement and the ceremony

Technical cooperation framework agreement 

China Merchants Industry Holdings Co Ltd (CMI) signed a technical cooperation framework agreement for the development of hydrogen and ammonia as marine fuel with Italian Classification Society RINA and China Classification...


Grim outlook for box terminals: ‘real pain’ coming in second quarter

“All but essential” expansion plans and capital spending have been put on hold by container terminal operators that have seen volumes and share prices slashed this year, and a resulting hit to their balance sheets.
“Stock markets have plummeted, seaborne trade has dropped like a stone and the world economy is heading for deep recession,” said Drewry’s senior analyst ports and terminals, Eleanor Hadland.
“The first quarter saw world port handling drop …

The post Grim outlook for box terminals:...


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