Top names battle it out

Chancay Port, a US$ 3.5b mega project, aims to become South America’s main Asia trade hub. It will handle 18,000+ TEU ULCVs, have automated operations, and an adjacent economic zone.

COSCO SHIPPING Ports has acquired 12.5% and 30% stakes in Thai Laemchabang Terminal and Hutchison Laemchabang Terminal for US$ 110m.

Peru has withdrawn its request to revoke Cosco’s exclusive rights for the Chancay project, easing tensions before a meeting between Boluarte and Xi.

It has emerged that Textainer is in talks to acquire Seaco Global, a deal that would almost certainly raise issues about the level of market concentration in the container leasing industry.

MSC is poised to increase size gap over CMA CGM, and Maersk will become the second-largest carrier; Hapag-Lloyd aims to maintain top-5 status.

This decision is in response to the need to adapt to a new normality, driven by the necessity to circumnavigate Africa.