Brazil's Federal Audit Court (TCU) on Monday voted six to three to recommend that operators of existing container terminals at the Santos port be barred from participating in the first phase of bidding for a planned mega terminal, citing concerns over market concentration.The decision deals a blow to companies such as Danish shipping group Maersk, MSC and others already operating container terminals in Latin America's largest port…
Brazil's federal government plans to hold the auction of Santos port's massive Tecon 10 container terminal in the first half of March, Ports and Airports Minister Silvio Costa Filho said on Friday.The auction has drawn interest from more than 10 potential bidders…
bound4blue, a leader in wind propulsion systems, has closed a $44 million funding round backed by leading maritime corporates, ship owning families, climate-focused investors and government capital. The round was led by OCTAVE Capital, an investment platform affiliated with major shipowner: IMC…
Major carrier CMA CGM has announced its INDAMEX service will transit Suez Canal on fronthaul and backhaul voyages between India/Pakistan and US East Coast in a notable step towards a largescale return of container ships to the Red Sea region…
AD Ports Group and Abu Dhabi Future Energy Company – Masdar have signed a partnership agreement to collaborate on the development and delivery of offshore wind projects.Under the agreement, the companies will identify opportunities where AD…
A.P. Moller-Maersk (Maersk) has selected Charlotte for its official North America headquarters, committing to add more than 500 jobs to its current Charlotte-based workforce over the next several years, ultimately bringing its Charlotte workforce to more than 1…
German container shipper Hapag-Lloyd posted a 50% drop in nine-month net profit to 846 million euros ($989 million) on Thursday and lowered the top end of its full-year earnings forecast, blaming volatile markets and pledging to be strict on costs…
AD Ports Group, a leading global enabler of trade, logistics, and industry, announced the appointment of seasoned logistics executive Jochen Thewes as the CEO of the Group’s Logistics Cluster.The appointment, which takes effect December 1, 2025…
At the Annual General Meeting of the International Group of P&I Clubs in London on November 11, 2025, Rolf Thore Roppestad was appointed as the new Chair of the International Group of P&I Clubs.Roppestad succeeds Andrew Cutler, who has served since November 2022…
AD Ports Group, an enabler of global trade, logistics, and industry, has unveiled a new blueprint titled, “Building Human-AI Teams: AD Ports Group's Blueprint for Tomorrow's Workforce,' outlining how the Group is leveraging Artificial Intelligence (AI) to transform port and logistics operations…
CMA CGM has reversed a decision to suspend cargo shipments to Mali over safety concerns and a fuel shortage, the French group said on Thursday following a meeting with the authorities.In early September, al Qaeda-linked militant group Jama'at…
Shipping group Maersk reported better-than-expected third-quarter results on Thursday but warned falling freight rates were set to cause losses in its ocean container business during the fourth quarter, sending its shares lower.Maersk, considered a barometer of global trade…
Noatum Maritime, part of AD Ports Group’s Maritime & Shipping Cluster offering a full portfolio of maritime solutions, announced it has been awarded a five-year contract by Bapco Upstream, to provide marine services at the Bahrain LNG Import Terminal (BLNG)…
In a step toward strengthening the United Arab Emirates’ position as a global energy hub, AD Ports Group, a leading enabler of global trade, logistics, and industry, and Nimex Terminals, have signed two long-term agreements that will position…
Danish shipping company Maersk said on Thursday its APM Terminals unit may invest around $2 billion in the Pipavav Port in western India.Maersk said in a statement it had signed a memorandum of understanding with the Gujarat Maritime Board on increasing capacity at the port…
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