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MPC Container Ships Raised $100 Million For Container Ships

April 18, 2017 12:05 am Published by

The container shipping industry is witnessing a recovery, with freight rates above 2016 levels and charter rates trending upward in the first quarter of 2017. To address the rising demand, MPC Capital has established MPC Container Ships and raised $100 …

an agreement

Greece Wants Better Offers For Thessaloniki Majority Stake

April 17, 2017 12:05 am Published by

Greece has asked for better financial offers from the three companies bidding for a majority stake in the port of Thessaloniki. Parties interested in the country’s second-largest container hub include P&O Navigation (DP World), International Container Services, and Terminal Link …

shipping industry greece

China Shipping Companies Investing Billions in Global Ports

April 13, 2017 12:05 am Published by

To control one of the world’s busiest trade loops and ease the movement of Chinese goods, Chinese state-run shipping companies – like Cosco Group and China Merchant Holdings International – are investing billions of dollars in ports worldwide.

According to …

china shipping container lines company

Crowley Isla Grande Terminal Receives 3 Ship-to-Shore Cranes

April 12, 2017 12:05 am Published by

Three new, ship-to-shore cranes, constructed in Ireland, were delivered to Crowley Puerto Rico Services' Isla Grande Terminal in San Juan. The cranes are an important part of the $130 million Crowley is investing in infrastructure improvements to its Isla Grande …

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PO Ports Wins 30-Year Concession For Bosasso Port Project

April 11, 2017 12:05 am Published by

P&O Ports,owned by the Dubai Government, has won a 30-year concession for the management and development of a multi-purpose port project at Bosasso, in the Puntland State of Somalia. The approximate investment for the modern multi-purpose facility will be USD …

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Mexico Investing $5 Billion Into Infrastructure at 117 Ports

April 6, 2017 12:05 am Published by

Despite President Trump’s threat to withdraw the United States from the North American Free Trade Agreement (NAFTA), Mexico is investing $5 billion into port infrastructure at its 117 ports.

It’s all about building infrastructure to respond to the demand of

shipping port in mexico

MOL Predicts A Return To Profitability In 2017 And Beyond

April 5, 2017 12:05 am Published by

Despite the horrendous losses suffered throughout the container shipping industry in 2016, MOL is predicting a "return to profitability" in 2017 and beyond. Two factors will contribute to this: the integration of Japan’s “Big 3” container lines and the company's …

mitsui osk shipping lines