GlobalSim to Kongsberg

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Utah-based GlobalSim Inc has been sold to Norway’s Kongsberg Maritime AS for approximately US$20M. Kongsberg Maritime specialises in marit...

Sea Containers in pension deal

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Beleagured Sea Containers has taken a step towards extricating itself from Chapter 11 bankruptcy protection by reaching an agreement in prin...

NYK gets foot into Yangshan

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Japan’s largest container operator, Nippon Yusen Kaisha (NYK), has been provisionally accepted as an investor in the threeberth Phase 3B t...

Investing in Dar

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The Tanzanian government has unveiled an investment package of US$112.8M for Dar es Salaam that will help to rebuild existing jetties, const...

Linde set to get really heavy

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Linde Materials Handling (Kion Group) has announced an investment of £16M in its big truck production centre in Merthyr Tydfil, UK. The inv...

Aviation fuel goes by rail

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A new block train service carrying aviation kerosene for worldwide courier company DHL has been launched in Germany by rail carrier RAIL4CHE...

Abidjan investment

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The government of Côte d’Ivoire (CdI) has announced investment of US$230M to fund port improvements at Abidjan....

Jaxport reefer complex

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ICS Logistics has announced plans for a multi-temperature industrial warehouse complex and transportation terminal to be developed on 44 acr...

CIMC gets smart

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Though it has worked with both Savi Technology and GE Security on the development of a “smart and secure” container, China International...

Terminal safety in the spotlight

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APM Terminals (APMT) stopped operations at all its terminals for 30 minutes on 24 October in an effort to reinforce its safety message. “C...

DIPCO secures loan

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Damietta International Port Company (DIPCO) has secured a US$480M loan from Bahrain’s Ahli United Bank (AUB) and Arab Banking Corporation ...

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