By Gavin van Marle (The Loadstar) - Today’s opening of a new container terminal at the Moroccan hub of Tangiers is likely to bring relief to a West Mediterranean transhipment market hitting dangerous utilisation levels. Maersk’s terminal operating subsidiary, APM Terminals, opened its second Tangier Med facility, adding 5m teu capacity to the market and taking overall … [Read more...]
Tangier Port to Become Mediterranean’s Largest
By Ahmed Eljechtimi and Ulf Laessing KSAR SGHIR, Morocco, June 26 (Reuters) - Morocco will open new terminals at Tanger Med port on Thursday, allowing it to surpass the Mediterranean's largest ports Algeciras and Valencia in terms of container capacity, and drive more investment and manufacturing to the country. Tanger Med, the biggest port in Africa with an annual volume … [Read more...]
Costa Rica Opens New Container Port on Caribbean Coast
SAN JOSE, Feb 28 (Reuters) - Costa Rica on Thursday opened a major new container port on an island built off its Caribbean coast that could deliver a major boost to trade in the Central American country and increase competition for the Panama Canal. Due to be operated under a 30-year concession by its builder, A.P. Moller-Maersk unit APM Terminals, the Moin container project … [Read more...]
Dubai’s DP World Seeks to Quash India Antitrust Probe Over Mumbai Port-Court Filing
By Aditya Kalra NEW DELHI, Dec 17 (Reuters) - Dubai's DP World has approached an Indian court to quash an antitrust investigation recently ordered into its alleged anti-competitive behaviour at the country's largest container port in Mumbai, a legal document reviewed by Reuters showed. The Competition Commission of India (CCI) last month said it suspected alleged … [Read more...]
North American Container Handling Record Set in Los Angeles – 27,846 TEU Moved
APM Terminals announced today it set a new North American record this month with 27,846 TEUs handled on one vessel. This represents a complete discharge of the vessel for import cargo and a complete new load of export containers, in addition to empty containers needed back in Asia. The 15,500 TEU, E-class, Eleonora Maersk vessel normally sails in the Asia/Europe service, … [Read more...]