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USA Revives South and Southeast Asia Infrastructure Projects

May 22, 2017 12:05 am Published by

The United States has revived two major infrastructure projects in South and Southeast Asia, the ‘New Silk Road’ project, and the Indo-Pacific Economic Corridor. Both projects could potentially counter China’s Belt and Road initiative and involve India as a major …

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KAMCO Take Possession of 20 Ships Worth US$344 Million

May 11, 2017 12:05 am Published by

South Korea’s debt clearing house – Korea Asset Management Corp. (KAMCO), is set to take possession of 20 shipping vessels worth 390 billion won ($344 million). The vessels are currently owned by six Korean shipping firms, including SM Line Corp., …

hanjin korean shipping line

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

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 …

an agreement

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