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Halterm Terminal Invests $10 Million Into New Equipment

October 25, 2017 12:05 am Published by

Halterm International Container Terminal, Eastern Canada’s only facility capable to handle Ultra-class container vessels (+10,000 TEU capacity), will extend its container and reefer handling capabilities over the next 12 months, with $10 million worth of new equipment.

These developments will …

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One Belt, One Road Project Causing Concerns Within The EU

October 9, 2017 12:05 am Published by

In his recent State of the Union speech, the European Commission President Jean-Claude Junker warned that foreign direct investment (FDI) in the European Union (EU) should be made "with transparency, scrutiny, and debate." Many believe the comment was directed mainly …

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CPEC Received $62 Billion in Chinese Grants and Soft Loans

September 7, 2017 12:05 am Published by

China and Pakistan have long hailed each other as “all-weather friends”, or “iron brothers,” as close as “lips and teeth." The mutual bond between the two countries has been described as "higher than the Himalayas, deeper than the deepest ocean, …

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China Merchants Will Buy 90% Stake in TCP Participações S.A

September 4, 2017 12:05 am Published by

China Merchants Port Holdings will purchase a 90 percent stake in TCP Participações S.A, the operator of the port of Paranaguá – Brazil’s second largest container terminal, for 2.89 billion Brazilian reals (US$920 million). The deal is China Merchants Port’s …

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Fairview Container Terminal Completes $200 Million Project

August 29, 2017 12:05 am Published by

DP World’s Fairview Container Terminal celebrated the completion of a two year, $200 million project to expand its annual container handling capacity to 1.35 million TEUs from 776,412 TEUs. The project, which added three Malacca-max cranes to Fairview’s operation, allows …

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Last Year Chinese Companies Invested $20 Billion in Ports

July 24, 2017 12:05 am Published by

In the year ending June 2017, Chinese companies, including Cosco, spent $20 billion purchasing overseas ports. This was double the amount they invested in the same period a year earlier. China’s shipping investments are driven by a long-term push for …

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Indonesia’s Investment Increased Container Shipping Activity

July 18, 2017 12:05 am Published by

Despite previously being "under-served" by container shipping lines, Indonesia's strengthening economy and transport investment is increasing container shipping activity in the country.

Although Indonesia boasts the largest economy in Southeast Asia, the World Bank ranked the country below the region’s …

indonesia shipping industry