Tag: port upgrade

As shown in the video, the Vado Gateway Terminal will receive its final three ship-to-shore cranes, hoping to become the next major logistics hub for the Mediterranean and Europe. APM Terminal's aspire that the terminal will have an annual TEU capacity of about 1.1 million.

Yilport Holding signed a concession agreement with Port Network Authority of the Ionian Sea (PNAIS), the managing institution of the Port of Taranto in southeastern Italy, to undertake all operations at the multipurpose terminal of Port for 49 years.

The South Korean Government announced plans for investments in 12 ports across the country. The expansion plans include the development of Busan as a mega-port, and the expansion of cargo handling capacity of the ports. The overall investment will reach the cost of 41.8 trillion ($35.2 billion).

The European Commission announced that, under the EU State aid rules, it will provide a €27.4 million investment aid to Romania's Port of Galați, the largest sea-river port in the country. The overall investment will cost €89.9 million.

Following the recent events where the British Government announced its plans on ten Freeports that will boost UK's economic growth after the Brexit, the British Ports Association applauds the plan and highlights that the UK ports will be extremely benefited.

The UK Government announced its plan on establishing Freeports after Brexit, to boost the UK's growth and ensure towns and cities across the UK benefit from Brexit trade opportunities, as British ports and airports will be invited to bid to become one of up to ten Freeports.

Cruise Belfast, a collaboration between Belfast Harbour and Visit Belfast, opened the first dedicated cruise terminal on the island of Ireland to cater for Belfast’s growing popularity as a cruise destination. 

Malaysia's largest port operator, Pelabuhan Tanjung Pelepas Sdn Bhd, announced it is upgrading its terminal operating system, as a part of its smart operations to boost exports for Malaysian companies. The port operator rolled out on July 11 its upgraded American terminal operating system Navis N4.

The Port of Savannah achieve a record of 4.5 million TEU container units in the fiscal year that ended on June 30, experiencing an increase of more than 305,000 TEUs or 7.3%. Governor Brian Kemp applauded all men and women who work through out the supply chain.

Port of Duqm, the only Omani port, is taking steps to become a regional favourite hub, as a port official commented in Times of Oman. The port is able to compete against other ports in the area. Up to now, six companies have already signed to commence business with the port, as also, the majority of the port's services are ready in 2020.