Arcus European Infrastructure Fund is set to sell its shares in Forth Ports, one of the UK’s largest port groups, to the Public Sector Pension Investment Board (PSP Investments).
Following the transaction, Canada’s PSP, which already has a stake in Forth Ports, will become the majority shareholder.
Forth Ports owns and operates eight commercial ports in the UK, including Tilbury, Grangemouth, Dundee, Rosyth and Leith.
Total cargo throughput of the port of Antwerp-Bruges amounted to 70.4 million tonnes in the first quarter of 2024, an increase of 2.4 percent compared to the same period last year, with container throughput increasing and the general cargo sector showing signs of recovery.
CPC Coli Project Cargo in Istanbul, a subsidiary of Germany’s COLI Group, completed more than 12 industrial projects in the first quarter of 2024. With more contracts in the orderbook, and an expansion of the multipurpose fleet on the cards, the outlook is positive.
DEME has been awarded two contracts by Prysmian for the engineering and installation works for the IJmuiden Ver Alpha and Nederwiek 1 offshore grid systems in the Netherlands.
The World Shipping Council (WSC) has appointed Joe Kramek as its president and ceo, succeeding John Butler who retires at the end of July.
Liebherr USA has named Shane Kuhlmey as divisional director of crawler cranes, deep foundation machines and maritime cranes.
Energy and marine consultants ABL has opened an office in Constanta, Romania, to support the Black Sea region’s offshore energy and maritime markets.
