CMA CGM to acquire Fenix Marine Services’ terminal in Los Angeles
WEBNov 4, 2021 · CMA CGM Group has agreed to acquire a 90% stake in the Fenix Marine Services (FMS) terminal in Los Angeles, currently held by EQT Infrastructure III, based on an enterprise value of US$2.3bn. Currently holding a 10% stake in the terminal, the French company will become sole owner of the FMS facility post transaction closing. FMS is …
Maersk Container Industry to be sold to CIMC for close to US$1bn
WEBSep 30, 2021 · Maersk Container Industry to be sold to CIMC for close to US$1bn. China International Marine Containers (CIMC) is to acquire Maersk’s specialist refrigerated container manufacturing brand Maersk Container Industry (MCI) in a US$987.3m cash and debt free transaction. CIMC will take over MCI’s …
PSA Singapore opens first phase of Tuas Port mega hub
WEBSep 2, 2022 · PSA Corporation has inaugurated Tuas Port, with the first two berths operational at the first phase of development of the mega hub, which will be the world’s largest fully automated container terminal in a single location when fully operational in the 2040s. The port offers 23 m of draught alongside and a total berth length of 26 km, with ...
Port of Ningbo Zhoushan resumes operations after container …
WEBAugust 14, 2024. in News, Top News. Port of Ningbo Zhoushan. Ningbo Beilun’s Phase III terminal has resumed loading and unloading operations following a 60-hour closure after a dangerous goods container exploded on the YM Mobility vessel at the port. The box contained organic peroxide materials and recent hot weather in the city has been ...
CMA CGM launches early container return incentive programme
WEBMay 13, 2022. in News, Top News. Fenix Marine Services terminal. CMA CGM is launching an early container return incentive programme at the FMS terminal in Los Angeles and at all its return locations in Chicago, Dallas, Kansas City and Memphis, aiming to accelerate the return of empty containers. According to the carrier, the scheme which begins ...
Container volumes up 21% at JNPT | Container Management
WEBAug 4, 2021 · Container throughput jumped by 21% at Jawaharlal Nehru Port Trust (JNPT) in July, with more than 430,000 teu handled. In the first four months of the fiscal year (April–July 2021), the port handled 1,797,838 teu, which represents as much as a 51% increase over last year’s figures. In 2020, JNPT lost the crown of India’s leading container ...
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WEBIndian government inaugurates Tuticorin International Container Terminal. September 17, 2024. The Indian government has inauguarated the Tuticorin International Container Terminal (TICT), which has a capacity of 6m teu, at the VO Chidambaranar Port Authority (VOCPA), significantly bolstering the port’s cargo handling capacity.
DP World completes expansion of Centerm container terminal in …
WEBMay 23, 2023 · DP World has completed the expansion of its Centerm container terminal at the Port of Vancouver, Canada, on the year of the 100 th anniversary of the port’s marine terminal operations.. The Centerm expansion project, completed by Centennial Expansion Partners (CXP) for a total investment of CA$350m (US$259m), included increasing the yearly throughput capacity by 60% from 900,000 teu to 1.5m ...
KMTC expands refrigerated fleet with 900 PrimeLINE units
WEBNov 23, 2021 · in News, Top News. Korea Marine Transport Containers (KMTC) has expanded its refrigerated cargo fleet, replacing older units with an order of 900 PrimeLINE units from Carrier Transicold. The 20- and 40- ft high-cube containers will be used to transport durians from Thailand to Hong Kong and …
Kuehne+Nagel acquires Apex International Corporation
WEBFeb 23, 2021 · Kuehne+Nagel has acquired Apex International Corporation, one of Asia’s leading freight forwarders, and taken a large step towards fulfilling its strategic Asia ambitions. Air freight forwarder Apex was founded in China in 2001 and as expanded throughout Asia and beyond over the years of its growth …