Ocean carriers hold contract rates 'at a decent level', as spots tumble
While spot rates across the major deepsea trades have been on the decline since the ...
CMA CGM and the Abu Dhabi Ports Group (ADPG) today signed a 35-year concession to jointly develop a new container terminal at Khalifa Port.
The joint-venture development – 70% held by the French carrier’s port operating subsidiary CMA CGM Terminal, and the remaining 30% by ADPG – will reach a combined investment of $154m into the project’s first phase, which will see an 800-metre quay built with an annual handling capacity of 1.8m teu.
Construction of the terminal is scheduled to begin ...
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