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Spring ruling for Virginia port privatisation

January 23 - The decision regarding the privatisation of the Virginia, USA, Hampton Roads port is expected to be made during the spring, according to the Virginia Port Authority.

The Virginia Port Authority was allowed to take a detailed look at privatisation proposals yesterday (Tuesday). Two of the offers are from private companies; APM Terminals Inc, and a group led by US bank JPMorgan Chase and Co.

A third proposal is a restructuring of the current agreement with Virginia International Terminals Inc - the port's non-profit operations arm.

William H Fralin, chair of the Port Authority board, commented, "we're proceeding on these two tracks, with the idea to make a decision in March."

www.portofvirginia.com

Heavy Lift | News

Zeaborn to take full control of Zeamarine thumbnail image

Zeaborn to take full control of Zeamarine

April 18 - The Zeaborn Group has signed an agreement to acquire the remaining shares in Zeamarine – the joint venture with Intermarine that was established in May 2018.
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Panalpina improves profitability thumbnail image

Panalpina improves profitability

April 18 - In the first three months of 2019, Panalpina boosted its profitability by 15 percent compared to the same period of last year.
Views: 145
Wallem sets out strategy change thumbnail image

Wallem sets out strategy change

April 18 - Wallem has rebranded its corporate identity to reflect the company’s updated strategy and service offering. 
Views: 139

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