Salvador Union loan

Yilport Holding plans to invest $1.62 billion to expand and jointly operate two Salvadoran ports, as part of President Bukele’s economic revitalisation plan.

El Salvador’s Public Works, Transport and Housing Commission, which reports directly to the country’s legislative assembly, is analysing reforms to the “concession law for the multipurpose port terminal specialised in containers”, which effectively means Phase I of the Port of La Unión Centroamericana.

The Port of Virginia has received a US$466,747 grant for equipment to support reefer containers and break bulk on its barge service linking Richmond with its deep sea terminals.

Container volume through the busiest harbour in the US will exceed 16M TEU in 2017.

The dispute in Melbourne goes well beyond issues the Maritime Union of Australia has with ICTSI over conditions at Victoria International Container Terminal (VICT).

Wallenius Wilhelmsen Logistics ASA has signed an agreement to acquire 100% of the shares in Keen Transport, Inc. from Platinum Equity for US$64M