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Business development

Mega expansion at APM Terminals MVII: First shovel goes into the ground
Business development

Mega expansion at APM Terminals MVII: First shovel goes into the ground

APM Terminals Maasvlakte II has just announced the official start of the expansion of its terminal. The expansion, realized in close cooperation with the Port of Rotterdam Authority and the CareGo consortium, is set to double the capacity of APM Terminals MVII. According to APM Terminals, this will

about 1 year ago
Port of Oxelösund invests big in dredging
Business development

Port of Oxelösund invests big in dredging

The Port of Oxelösund, Sweden, is investing almost SEK 700 million ($65.7 million) in dredging, quay extension works and other marine infrastructure upgrades. According to the Port’s official statement, this is a long-term investment aimed to meet new logistics needs, while creating new business opp

about 1 year ago
Port of Salalah invests $300M in expansion program
Business development

Port of Salalah invests $300M in expansion program

The APM Terminals-operated Port of Salalah has invested $300 million in expanding and ensuring readiness for the new network under the Gemini-cooperation. The investment has included upgrades to all six existing berths and an expansion of the yard. Also, the expansion has moved the terminal from a c

about 1 year ago
DEME announces important milestone at Fehmarnbelt tunnel
Business development

DEME announces important milestone at Fehmarnbelt tunnel

DEME Group today announced an important milestone at the Fehmarnbelt tunnel project – the first two massive 73,500-ton tunnel elements for the project have successfully been floated up from the skidding beams in Upper Basin A and carefully transferred to Lower Basin A.This achievement was the result

about 1 year ago
Largest vessel to call Port of Charleston arrives at Wando Welch
Business development

Largest vessel to call Port of Charleston arrives at Wando Welch

SC Ports and the Port of Charleston, South Carolina, set a new record yesterday, receiving their largest capacity containership to date – the OOCL Iris – at Wando Welch Terminal. The record was previously held by CMA CGM’s MARCO POLO, which first called on Wando Welch in May 2021 and has a capacity

about 1 year ago
JAXPORT wraps up first of two berth expansions at Blount Island
Business development

JAXPORT wraps up first of two berth expansions at Blount Island

Contractors for the Jacksonville Port Authority (JAXPORT) have completed a year-long construction project to expand vehicle Berth 22 at the port’s Blount Island Marine Terminal. The berth is the first of two vehicle berth projects in a $60 million total initiative to increase efficiencies and accomm

about 1 year ago
NMDC Group posts full year financial results for 2024
Business development

NMDC Group posts full year financial results for 2024

NMDC Group has just announced its full year financial results for 2024, achieving an exceptional 57% Y-o-Y growth in its revenues. According to the latest news, the company grew its net profits in 4Q24, reporting a net profit of AED 916 million ($249.3 million), reflecting a 43% increase compared to

about 1 year ago
AD Ports, CMA CGM ink deal to develop New East Mole terminal in Pointe Noire
Business development

AD Ports, CMA CGM ink deal to develop New East Mole terminal in Pointe Noire

AD Ports Group has signed a shareholders agreement with the CMA CGM Group – through its subsidiary CMA Terminals – to jointly develop, manage and operate the New East Mole multipurpose terminal in Pointe Noire, Congo-Brazzaville. With the signing, AD Ports Group and the CMA CGM Group formed a joint

about 1 year ago
EXCLUSIVE: Anaklia Port Project advances with hydrodynamic testing
Business development

EXCLUSIVE: Anaklia Port Project advances with hydrodynamic testing

The Ministry of Economy of Georgia said that the Anaklia deep sea port project is advancing to the next stage – the hydrodynamic testing in the Danish capital of Copenhagen. According to the officials, the ongoing multi-day hydrodynamic impact assessment for the marine infrastructure of the port inc

about 1 year ago
Repair work underway at Shelter Island Boat Launch
Business development

Repair work underway at Shelter Island Boat Launch

The Port of San Diego said that the repair work on the west side of the Shelter Island Boat Launch Ramp is underway. Work on the west side of the launch facility will include: In June 2023, the west floating dock sustained significant damage due to sand accumulation underneath it, which caused the d

about 1 year ago
East Port Said expansion set for trial operation in April
Business development

East Port Said expansion set for trial operation in April

The trial operation of the expansion works at East Port Said port is set to begin in April 2025, said Keld Mosgaard Christensen, Managing Director of Suez Canal Container Terminal (SCCT). During his meeting with Osama Rabie, Chairman of the Suez Canal Authority (SCA), earlier this week, Mosgaard rev

about 1 year ago
Freeport Harbor deepening moves forward
Business development

Freeport Harbor deepening moves forward

The Freeport Harbor Channel Improvement Project, set to further deepen the channel to authorized depths of 51-56 feet – making Port Freeport the deepest port in Texas, is moving ahead.“Along with Two Super Post Panamax cranes arriving later this year, a deeper channel will enable Port Freeport to ma

about 1 year ago
Al Aliah Port project nears completion
Business development

Al Aliah Port project nears completion

Abu Dhabi Ports recently conducted a pre-final inspection of the nearly completed project at Al Aliah Port in Abu Dhabi. Awarded in March 2024 and set for completion in May 2025, the project involves: According to the company, this marks yet another successful endeavor managed by ELMAR’s team, under

about 1 year ago
Belfast Harbor presents ambitious development plan
Business development

Belfast Harbor presents ambitious development plan

Belfast Harbor said that they plan to invest more than £300m in capital projects across the port and Harbor Estate over the next five years. Their strategy, named Advance Regional Prosperity 2025-2029, outlines the plans to invest £208m in significant port improvements and £105m in the ongoing regen

about 1 year ago
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