AD Ports will buy a 70 percent equity stake in International Associated Cargo Carrier, which owns two Egypt-based maritime companies, Transmar International Shipping Company and Transcargo International (TCI).
The deal is valued at USD140 million. Transmar is a regional container shipping company that operates across the Middle East, Red Sea, Arabian Gulf and Eastern Coast of Africa. TCI is a terminal operator and stevedoring company, mainly operating out of the Adabiya port.
On July 29, the first convoy carrying three gravity-based foundations for France’s Fécamp offshore wind farm left Haropa’s port of Le Havre.
A new pre-assembly site developed by Siemens Gamesa and Port Esbjerg (Denmark) has conducted its first load-out – offshore wind energy equipment destined for RWE’s Kaskasi project.
The UK’s largest container port, Felixstowe, could be affected by strike action at some point during August. The gateway hopes to come to a resolution with workers.
Grimaldi has taken delivery of its 11th Grimaldi Green 5th Generation (GG5G) class hybrid ro-ro vessel, Eco Adriatica.
ProMiles Software Development Corporation, a North American regulatory compliance and custom permitting technology provider, has partnered with NOVA Permits & Pilot Cars/Axys Permits for the provision of its multi jurisdiction permit management solution – Permit Manager.
Chipolbal Shipping Singapore has formed a joint venture with Global Putra International Group in Jakarta, Indonesia – Chipolbal Global Indonesia.
