Disclaimer

The articles excerpted on this site report on the state of the industry as seen by mainstream media, and do not necessarily reflect the opinion of the officers of the ILWU Coast Longshore Division.

China Merchant Port 2016 profits up 14% to $707m

From Seatrade Maritime:

China Merchants Port Holdings saw 2016 net profit rise 14% to HKD5.49bn ($706.5m) on gains in both container and bulk terminal volumes.

Revenue from the group’s core ports operation rose 14% to HKD24.51bn and generated a pre-tax profit of HKD11.54bn, up 9% year-on-year China Merchants Ports said in a press release.

The […]

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Liners leaning more on terminal relationships

From the Journal of Commerce:

Maersk isn’t the only carrier with a terminal relationship [with APM Terminals], with its three closest rivals all involved in the port business — essentially bolt-ons to their core container businesses and with much lower profiles. Mediterranean Shipping Co. owns 65 percent of Terminal Investments — U.S.-based Global Infrastructure Partners […]

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Container terminal sector experiencing change with a new breed of operator

From the Loadstar:

A new breed of international container terminal operators has emerged over the past few years to challenge established companies which have traditionally dominated the sector.

Localised players, such as ICTSI, SSA Marine, Eurogate and HHLA, have always had particular strengths in certain areas, but for almost a decade the container terminal operating […]

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CMA CGM Sells Stake in Ports Unit to China Merchants

Terminal Link, a wholly owned subsidiary of Marseilles-based CMA CGM, operates 15 container terminals in France, West Africa, the U.S. and Canada as well as Malta Freeport, a major Mediterranean transhipment hub. Graphic from Loadstar.

French ocean carrier CMA CGM has agreed to sell a 49 percent stake in its Terminal Link ports unit […]

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China Merchants to Form JV, Buy Nigeria Container Terminal Stake

China Merchants Holdings International Co. will form a joint venture that will buy a 47.5 percent stake in a container-terminal operator in Nigeria from ZIM Integrated Shipping Services Ltd. for $154 million.

China Merchants will initially hold 100 percent of the venture company, with the China-Africa Development Fund taking 40 percent after obtaining Chinese government […]

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