• 2016 October 19 10:47

    COSCO Shipping Ports, Qingdao Port International Development, APM Terminals to operate Vado Reefer Terminal and the new deep-water container terminal under construction in Vado, Italy

    APM Terminals has concluded an agreement with China COSCO Shipping Ports subject to customary conditions for the sale of a minority share in a new joint venture created for the APM Terminals Global Terminal Network’s operations in Vado, Italy, the company said in its press release.

    A similar agreement was also concluded with Qingdao Port International Development (Hong Kong) Co., Limited, a wholly-owned subsidiary of Qingdao Port International Co., Ltd. (06198.hk), which shall become an indirect minority shareholder in the joint venture. The agreements include interests in both the existing Reefer Terminal in Vado, the largest refrigerated cargo facility on the Mediterranean Sea, and the new 800,000 TEU capacity deep-water terminal currently under construction at the Port of Vado. APM Terminals will have a 50.1% share and will operate both the Reefer Terminal and the APM Terminals Vado container terminal; COSCO Shipping Ports will have a 40% share and Qingdao Port International Development (Hong Kong) Co., Limited a 9.9% share.

    COSCO Shipping Ports is a subsidiary of COSCO Shipping Group which assumed control over the Greek Port of Piraeus earlier this year. With the support of its affiliated shipping line, COSCO Container Lines, the world’s number one in total tonnage and number four in container capacity, COSCO Shipping Ports has been expanding its operations in the Mediterranean Region as part of the “One Belt One Road” initiative to strengthen logistics links between China and Europe. COSCO is already a shareholder in several operations within the APM Terminals Global Terminal Network, such as the Suez Canal Container Terminal, in Egypt; APM Terminals Zeebrugge, in Belgium; and Qingdao Qianwan Container Terminal (QQCT) in China.

    APM Terminals and the Qingdao Port Group, which has also been expanding its global presence, have existing joint venture relationships with shared investments in QQCT and four other container terminals in Qingdao, and most recently, Qingdao Port Dongjiakou Multi-Purpose Terminal. Qingdao Port is the fifth-largest container port on the Chinese Mainland, and the 8th-largest world-wide, with 17.4 million TEUs handled in 2015.

    The Port of Vado is located in north-western Italy in the region of Savona on the Ligurian Coast, near Genoa, Italy’s busiest container import/export port, with a throughput of 2.24 million TEUs in 2015. The expansion of Vado’s facilities is part of the port’s master plan to create new and improved supply chain capabilities for markets in Northern Italy, Switzerland and Southern Germany.

    APM Terminals Vado will be a new semi-automated container terminal scheduled to become operational in 2018, with the unique ability to accommodate Ultra-Large Container Ships (ULCS) of up to 19,000 TEU capacity without any physical restrictions among North Italian ports. In August 2015, APM Terminals purchased the existing Vado Ligure Reefer Terminal, which has an annual capacity of 275,000 TEUs and more than half a million tons of refrigerated fruit. Operations at the Reefer Terminal will be merged upon completion with the adjacent APM Terminals Vado container terminal.


2020 July 6

19:07 Equinor awarded framework contract for engineering and installation services on Statfjord
18:27 CMA CGM to launch Round the Africa service
18:07 APM Terminals Buenos Aires facilitates first ever export of lemons from Argentina to China
17:31 Northern Sea Route cargo traffic in 6M’2020 reached 14.8 million tonnes
17:30 Kloosterboer starts construction of Cool Port II at City Terminal Rotterdam
17:06 ArcelorMittal issues invitation to tender for heat network in North Sea Port
16:45 Damen delivers five zero emissions propulsion ferries to Arriva in Copenhagen
16:12 Kvaerner improves financial results and outlook
15:32 Average wholesale prices for М-100 HFO fell to RUB 9,623 in RF spot market
15:08 EMSA’s RPAS to support Finnish, Estonian and Swedish Coast Guard functions
14:05 Zvezda Shipyard lays down fifth Aframax tanker, Nursultan Nazarbayev
13:33 Throughput of Port Vysotsky in 6M’2020 fell by 16.5% YoY
13:10 CMA CGM announces PSS from the Indian Subcontinent, Middle East Gulf, Red Sea & Egypt Red Sea ports to the US Gulf, US East Coast & Canada East Coast
12:00 Sembcorp Marine President & CEO appointed Co-chair of International Advisory Panel on Maritime Decarbonisation
11:01 A.P. Moller - Maersk to acquire European specialist KGH Customs Services
11:00 The car carrier Höegh Xiamen declared a constructive total loss after fire
10:31 IMO is holding an informal (virtual) preliminary discussion session on short-term measures for reducing GHG emissions from ships
10:22 MABUX: Bunker market this morning, July 06
10:00 GTT receives an order from Zvezda for the tank design of five ARC7 ice-breaking LNG carriers
09:56 Republic of Korea implements national sulphur emission control area
09:47 Tallink Grupp cancels Riga-Saaremaa direct special trip
09:29 AS Tallink Grupp published its statistics for June 2020 and 2Q of 2020 financial year
09:13 Baltic Dry Index as of July 3

2020 July 5

15:02 FURUNO acquire EMRI A/S, Danish based provider of advanced ships Maneuvering and Steering Systems
14:51 HamiltonJet partners with RIBCRAFT to power 48 US Navy RHIBs
13:42 Ingalls Shipbuilding awarded $936 million contract to build navy destroyer
12:18 Huisman to deliver offshore mast crane for wind turbine installation in Taiwan
10:44 USCG assists disabled vessels near Freeport, Texas

2020 July 4

15:01 APL announces storage arrangements for China reefer imports
14:39 MAN to supply compression technology for offshore gas production
13:28 Naval Group selected iXblue to supply navigation systems for Gowind-class vessels
12:33 USCG halts illegal charter, rescues 2 on disabled jet ski near Venetian Causeway Bridge
11:04 DNV GL: Ports can be the front runners of the energy transition, if port authorities and industry sectors join forces

2020 July 3

18:37 DistriRail adds its rail schedules to the Port of Rotterdam Authority’s Navigate tool
18:07 ClassNK releases amendments to class rules
17:44 Possibilities of digital transformation of military shipbuilding to be discussed at "ARMY-2020" forum
17:05 ECSA welcomes study on social aspects within the maritime transport sector
16:50 Rosmorrechflot warns about Russia’s risk to move from White to Grey list of Paris MoU
16:24 11 major international companies join forces to accelerate the energy transition in transport and logistics
15:48 Hydrographic Company and MRTS sign contract on construction of Utrenny terminal facilities
15:10 CMA CGM announces rates from Asia to Red Sea
14:43 ABP publishes its Annual Review 2020
14:10 Port of Savannah’s Ocean Terminal takes delivery of two mobile harbor cranes
13:12 Alfa Laval wins SEK 130 million offshore order in China
12:26 Throughput of port Azov in 6M’2020 fell by 15% YoY
12:01 ICS launches Guidance for Engine Room Safety
11:47 North-Western Shipping Company merges into Volga-Fleet
11:15 CMA CGM announces FAK rates from Asia to North Europe
10:59 Finnlines announces bunker surcharge for Malmö-Travemünde-Malmö
10:13 Ocean Yield takes delivery of newcastlemax dry bulk newbuilding
10:12 GTT and Zvezda Shipbuilding Complex sign a Technical Assistance and License Agreement for the construction of LNG carriers incorporating membrane tank systems
09:52 Bunker prices changed slightly at the Port of Saint-Petersburg, Russia (graph)
09:34 Baltic Dry Index as of July 2
09:20 MABUX: Bunker market this morning, July 03
09:16 Oil prices start decreasing
09:09 Baleària presents a proposal for the construction and operation of the new passenger terminal in the Port of Valencia

2020 July 2

18:37 CMA CGM announces FAK rates from Asia to the Mediterranean
18:04 ClassNK releases Annual Report on Port State Control
18:04 CMA CGM updates PSS for Reefer Cargo from North Europe, Scandinavia, Poland & Baltic, West Med & Adriatic to the Indian Subcontinent, Middle East Gulf & Red Sea
17:52 Glavgosexpertiza approves expansion of access canal to Sabetta port