Malta Freeport at Marsaxlokk has commenced expansion works on its Terminal 2 in an investment of over US$110 million.
The North Quay will be stretched from 267 metres to 770 metres and the West Quay from 195 metres to 313 metres, according to DynaLiners’ report.
Malta Freeport is a 50-50 joint...
https://container-news.com/malta-freeport-invests-in-terminal-2-expansion/
South Florida Container Terminal (SFCT) at PortMiami has ordered 12 electric, emission-free, rubber-tired gantry (RTG) cranes to prepare for cargo growth and larger vessels — and to help meet decarbonization goals.
The RTG cranes are being purchased from Kalmar, which is part of Finland-headquartered Cargotec. SFCT did not provide the cost of the cranes but did say delivery is expected in the second quarter of 2023.
SFCT said the order comes on the heels of a three-year modernization project...
https://www.freightwaves.com/news/south-florida-container-terminal-orders-12-electric-gantry-cranes
The CMA CGM Group announced it will become the sole owner of the Fenix Marine Services (FMS) terminal at the Port of Los Angeles by acquiring the remaining 90% stake in a deal with an enterprise value of $2.3 billion.
“After closing, the CMA CGM Group will take over the operations of this strategic industrial facility with a goal of improving its service quality to better deliver upon its customers’ expectations,” Wednesday’s announcement said.
The French shipping giant already held a 10%...
https://www.freightwaves.com/news/cma-cgm-acquiring-port-of-las-fenix-marine-services
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...
https://theloadstar.com/supply-chain-radar-cma-terminals-from-baltic-freeze-to-sun-in-the-med/
Vietnam’s newest container terminal is open for business – completing a turnaround for the once under-utilised Cai Mep deepwater port.
Gemalink International Port (GIP), the fifth container terminal at Cai Mep, 50km south-east of Ho Chi Minh City, is a joint-venture between homegrown logistics group Gemadept and Terminal Link, a terminal operator part-owned by CMA CGM.
According to Alphaliner, the development of GIP has “quite some backstory”: the project was put on …
The post New box terminal...
https://theloadstar.com/new-box-terminal-at-vietnams-cai-mep-already-attracting-alliance-calls/
Gemalink International Port (GIP), Vietnam’s largest deep-sea terminal, is on track to open in the first quarter of 2021, after receiving its last pair of ship-to-shore container cranes.
GIP is a new container terminal being built in Vietnam’s Cai Mep port, at an investment cost of US$120 million.
South Korean equipment maker Doosan Heavy Industry manufactured the cranes at its Vietnamese facility in Chu Lai, which is approximately 600km north of Ho Chi Minh City, where Cai Mep is located.
GIP is...
https://container-news.com/gemadepts-cai-mep-terminal-on-track-for-long-awaited-opening/
CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link.
CMA CGM and CMP receive an EU approval for the sale of stakes in ten port terminals to Terminal Link.
La empresa francesa de transporte y logística CMA CGM Group ha firmado un acuerdo con China Merchants Port (CMP) para vender una cartera de participaciones en diez terminales portuarias a su empresa conjunta Terminal Link. CMA CGM planea cobrar USD 968 millones de la transacción, que se espera...
CMA CGM has finalised the terms of its sale of 10 terminals as it seeks to reduce its enormous debt burden.
The French carrier said would receive $968m in cash for the transfer of 10 facilities owned by the line to Terminal Link, a joint-venture. in which it holds 51% and Chinese port operator China Merchants the remaining 49%.
The carrier took strategic stakes in the box terminals: Odessa in Ukraine; the …
The post CMA CGM finalises terms of sale of 10 terminals to Terminal Link JV appeared...
https://theloadstar.com/cma-cgm-finalises-terms-of-sale-of-10-terminals-to-terminal-link-jv/