China’s Cosco Plans $200 Million Abu Dhabi Container Terminal Expansion

By Stanley Carvalho ABU DHABI, Dec 10 (Reuters) - China's Cosco Shipping Ports Ltd plans to expand its container terminal in Abu Dhabi in the next three to five years with an investment of $200 million as more Chinese companies set up in the emirate, its vice-chairman and managing director said. Cosco's new container terminal, with a capacity of 2.5 million TEUs … [Read more...]

Abu Dhabi Ports Signs 30-Year Deal with MSC to Build Terminal

By Alexander Cornwell ABU DHABI, May 7 (Reuters) - Abu Dhabi Ports has signed a 30-year concession agreement with Mediterranean Shipping Company (MSC) to build a new container terminal at its Khalifa Port. Abu Dhabi, the capital of the United Arab Emirates (UAE), has spent billions developing the port, which opened in 2012, as part of ongoing efforts to diversify its … [Read more...]