Tag: terminals

PSA Thailand and SCG Logistics Management Company are creating a joint venture to invest in developing and operating the Thai Prosperity Terminal in Thailand. The two partners will also rename it, Thai Connectivity Terminal (TCT). The new company will be called SCG-PSA Holdings, and it will be a springboard for possible joint exploration and investment in supply chain, focusing greatly on Thailand.

China's port operator Hutchison Ports inked a memorandum of understanding (MoU) with Egypt regarding the establishment of a container terminal in Egypt's port of Abu Qir, Alexandria. The MoU was signed during a meeting in Cairo, Tuesday.

The South African state of Namibia has launched an expanded container terminal at the Port of Walvis Bay, expected to form a new chapter in the country’s economic transformation. The port expansion is expected to triple current handling capacity of 355,000 TEUs to 1,005,000 TEUs.

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.

DP World stands against a decision to be taken later this week by the government of Djibouti to implement the country’s high court to rule all previous international adjudications. The company said that such a decision is 'a complete disregard for and contravention of the global legal system and existing contracts.'

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.

Singapore’s Jurong Port Tank Terminals completed the first phase of works in Pulau Damar Laut in Jurong Port and is now ready to welcome customers. An opening ceremony took place on July 29, making 252,000 cbm of clean petroleum product storage capacity available to the market.

Transnet plans to begin a tender next year for South Africa’s first terminal to import LNG at Richards Bay port. First gas is expected to arrive in 2024, as South Africa wants to diversify its energy sources away from coal, and increase its ability to reduce power cuts that have hit growth.

Manila-based terminal operator International Container Terminal Services, Inc. (ICTSI) equipped its Manila International Container Terminal (MICT) with another new quay crane (QC) and eight new hybrid rubber tired gantries (RTGs).

International Container Terminal Services Inc. informed that it initiated a rail cargo service between Karachi and Lahore in Pakistan, aiming to enable faster movements of products in its Middle Eastern port. The new rail service is also expected to cut significantly costs to upcountry markets.