• 2016 October 17 17:06

    COSCO SHIPPING Ports announces acquisition of interest in the Vado Terminals in Italy

    COSCO SHIPPING Ports Limited on 12 October 2016, CSPL SPV, a wholly-owned subsidiary of the Company, entered into the Share Sale and Purchase Agreement with APM Terminals in connection with the purchase of 40% of the issued share capital of APM Terminals Vado Holding B.V., the company said in its press release. Total considerations amounted to €53 million.

    Vado Holding is the holding company of Vado RT, which operates the Vado Reefer Terminal at the Vado Port. Vado Reefer Terminal is one of the largest reefer terminals in the Mediterranean region. Its annual capacity is up to 300,000 TEU in addition to 600,000 pallets with draft depth of a maximum of 14.5 metres and quay length of 705 metres of which 465 metres is capable for handling containers.
     
    In addition, Vado Holding is currently expected to complete the purchase of the entire issued share capital of Vado CT in 2018. Vado Container Terminal is a new deep-water terminal located at the Vado Port, which is currently under construction and is scheduled to commence operation in 2018. Its initial annual capacity is expected to be 600,000 TEU which will be expanded to 900,000 TEU with a draft depth of a maximum of 16 metres and quay length of 700 metres.
     
    The Company’s investment in the Vado Terminals is in line with the Company’s strategy of developing overseas shipping hubs and strengthening its global network of container terminals. The Vado Terminals are situated at the Vado Port in Liguria which is a major port area in Northern Italy and the Mediterranean region. The Vado Container Terminal will be a semi-automated container terminal scheduled to become operational in 2018, with the unique ability to accommodate ultra-large container ships without any physical restrictions among North Italian ports.

    The Vado Container Terminal is part of the master plan of the Savona Port Authority to create new and improved supply chain capabilities for markets in Northern Italy, Switzerland and Southern Germany. Benefitting from the supports of container shipping fleets of COSCO SHIPPING Group and A.P. Møller-Maersk Group, the Vado Terminals will secure a solid foundation for sources of cargo. APM Terminals and the Company are confident that the Vado Terminals will have a prosperous future.




2019 July 15

17:58 IAPH welcomes new Associate Member from Switzerland
17:33 NIBULON transported 3.5 million tonnes of cargoes by water transport
17:06 Hapag-Lloyd to introduce new Middle East-India-Africa Express Service
16:07 Desktop Just-In-Time trial yields positive results in cutting emissions
15:44 Prevention of marine pollution in South Asia discussed at regional workshop
15:15 Cargotec’s MacGregor receives clearance from the Chinese competition regulator for the acquisition of the marine and offshore businesses of TTS Group
14:56 Murmansk Sea Fishing Port handled 116,000 tonnes of cargo in 6M’2019, down 35.5% Y-o-Y
14:39 RS issues revised Rules for Classification and Construction of ships carrying liquefied gas
14:15 SEACOR Marine announces departure of Chief Operating Officer
13:53 Sever Bay Port terminal on Taimyr included into RF area planning scheme
13:32 MAN Energy Solutions, DSME and HSD Engine sign strategic agreement on engine digitization
13:01 CargoSmart announces GSBN Service Agreements with CMA CGM, COSCO SHIPPING LINES, COSCO SHIPPING Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group
12:48 Average wholesale prices for М-100 HFO up to RUB 16,149 in RF spot market
12:30 ABS and MOL sign MOU to build up to 14 next generation gas carriers
12:14 DSME Smart Ship Solution approved by LR
11:52 Atomenergomash JSC and Aker Arctic Technology Inc sign memorandum of understanding
11:43 MEYER intensifies partnership with Stengel
11:27 SailGP partners with Port of Southampton to deliver Cowes SailGP Tech Area
11:01 Rashid Sharipov elected as Chairman of NCSP BoD
10:25 MABUX: Bunker market this morning, July 15
10:18 Brent Crude futures price is up 0.01% to $66.73, Light Sweet Crude – down 0.15% to $60.12
09:54 KN enhances portfolio of loaded oil products and rendered services
09:30 Throughput of port Shanghai (China) in Jan-June’19 declined by 2.1% to 272.29 million tonnes
09:13 Baltic Dry Index is up to 1,865 points

2019 July 14

16:09 USCG coordinates rescue of fishermen 1300 miles southwest of San Diego
15:22 Sanmar Shipyards strengthens its executive team
13:21 MOL sets conditions for issue of 'sustainability' bonds
12:11 SCHOTTEL and ULSTEIN with new cooperation to optimise ship operations with digital services
11:56 Navios Containers promotes Erifili Tsironi as CFO
10:55 2020 Bulkers Ltd. inks chartering agreements with Koch for three Newcastlemax dry bulk carriers

2019 July 13

15:19 Japanese fishing company convicted of obstruction of justice and falsifying records to cover up illegal oil and garbage pollution
13:52 HII completes flight deck on aircraft carrier John F. Kennedy
12:28 SHI wins orders for eco-friendly and highly efficient S-Max tankers
11:23 VT Halter Marine bags $2.9 million contract for U.S. Navy CMAMP program study

2019 July 12

18:19 Shantou China Merchants Port Group takes delivery of eight Kalmar empty container handlers
18:01 Safety of ships and fishing gets a boost in Ghana
17:44 IMO and FAO join efforts to reduce marine plastic litter from fishing vessels
17:26 Throughput of Russian seaports in 6M'2019 grew by 2.8% to 409.0 million tonnes of cargo (detalization)
17:03 SEA\LNG releases study showing benefits of LNG
16:42 North-Western Shipping Company carried 2.3 million tonnes of cargo in H1’19
16:25 Throughput of port Kaliningrad in Jan-June’2019 fell by 19% Y-o-Y to 5.82 million tonnes
16:03 Diana Shipping announces increase of purchase price and extension of tender offer for shares of common stock
15:24 Throughput of port Vysotsk in Jan-June'2019 climbed by 5% Y-o-Y to 9.44 million tonnes
15:03 Port of Long Beach cargo volume tops 677,000 TEUs in June 2019
14:31 Sredne-Nevsky Shipyard lays down yet another minesweeper of Project 12700
14:03 MOL schedules a major renovation of its operated cruise ship, the Nippon Maru
13:02 Höegh LNG executes 18 month interim LNGC timecharter with Cheniere for Höegh Galleon
12:52 NOVATEK’s hydrocarbon production totaled 296.1 million boe in H1’2019
12:00 Throughput of port Primorsk in Jan-June’2019 grew by 11% Y-o-Y to 29.83 million tonnes
11:23 Damen signs maintenance contract with Netherlands Ministry of Defence
11:01 Port of Ust-Luga handled 54.334 million tonnes in 6M’19, up 11% Y-o-Y
10:40 Throughput of Port St. Petersburg in 6M'2019 climbed by 1% Y-o-Y to 30.07 million tonnes
10:36 Belships to expand its fleet with 20th Ultramax newbuilding in 2021
09:54 Bunker prices are going up at the port of Saint-Petersburg, Russia (graph)
09:38 MABUX: Bunker market this morning, July 12
09:35 Brent Crude futures price is up 0.59% to $66.91, Light Sweet Crude – up 0.53% to $60.52
09:18 Baltic Dry Index is up to 1,816 points

2019 July 11

18:36 Denmark starts developing the new digital Register of Shipping
18:13 Naval Energies and Hitachi Zosen Corporation in floating wind energy agreement
18:06 Northwest Seaport Alliance breaks ground on $500M Terminal 5 modernization