Business - /contrib/business/

The European Investment Bank announced an allocation of a loan in the amount of EUR 75 mln to ZAL Port, the logistics platform of the Port of Barcelona.

Tecon Rio Grande container terminal invested USD 40 mln in new equipment, in Navis N4 TOS and expects a 45% increase in average terminal productivity.

US Federal Maritime Commission rejected the merger of the three Japanese container shipping lines K Line, Mitsui O.S.K. and NYK on jurisdictional grounds.

Severe port congestion that Shanghai has been suffering since the beginning of April, eased slightly by the end of the month, however may last till late May

Iran proposed to India to manage Phase 1 of its Chabahar Port, thus confirming India's presence in this strategic gateway to landlocked Afghanistan.

Maersk Line estimated that 10 weeks of dockworkers conflict in Spanish ports in February-March 2017 resulted in EUR 12 mln of direct operating costs.

The port of Algeciras handled 1 mln TEU in the first quarter of 2017. The total throughput of Algeciras decreased by 8%, to 23.7 mln tonnes.

Ferrol Container Terminal, Spain, owned by Yilport Holding, has marked its start of operations by receiving the first vessel call earlier this month, informs Yilport. The container vessel Enforcer of the British shipping line MacAndrews specializing in Intra-European multimodal logistics (part of

Around 25 percent of U.S. households wont have a traditional TV subscription by the end of 2017 as newer streaming services like Netflix and Amazon Prime Video grow in popularity, according to estimates from an April report.

Greece determined the winner of the tender for Thessaloniki port's concession. It is the consortium formed by Terminal Link, subsidiary of CMA CGM,...

ICTSI and the Philippine Department of Transportation launched the development of the countrys first container Ro-Ro barge terminal in Tanza, Cavite.

The Trump administration has denied a request from Exxon Mobil to waive U.S. sanctions against Russia and allow it to resume oil drilling around the Black Sea.

DP World will enter Yuzhny port (Ukraine, Odessa region) by the end of 2017, said Volodymyr Omelyan, the Minister of infrastructure of Ukraine.

Decision could lead to a big acquisition.

The U.S. Federal Communications Commission voted on Thursday to effectively deregulate the $45 billion business data services market in a win for companies like AT&T Inc, CenturyLink Inc and Verizon Communications Inc that will likely lead to price hikes...

Kalmar, part of Cargotec, will deliver AutoRTG System to Dublin Ferryport Terminals (DFT), beginning in the second quarter of 2017.

Petrolesport terminal in St.Petersburg (part of Global Ports) plans to invest RUR 4.2 bln in expansion of its container, Ro-Ro and general cargo facilities.

The port of Suape in the northeast of Brazil seeks developers for the second container terminal. A tender for a technical feasibility study was initiated.

The worlds largest container vessel MOL Triumph called at Hongkong International Terminals (HIT) last Saturday during its maiden voyage.

Mario Cordero is named a likely new CEO of Long Beach port. The Board of Harbor Commissioners is expected to vote today to confirm his appointment.