Purchase of Panama railway 'a significant opportunity' for ambitious APMT
Maersk’s port arm, APM Terminals, has bought the Panama Canal Railway Company (PCRC), which runs ...
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
WTC: RIDE THE WAVEFDX: TOP EXEC OUTPEP: TOP PERFORMER KO: STEADY YIELD AND KEY APPOINTMENTAAPL: SUPPLIER IPOCHRW: SLIGHTLY DOWNBEAT BUT UPSIDE REMAINSDHL: TOP PRIORITIESDHL: SPECULATIVE OCEAN TRADEDHL: CFO REMARKSPLD: BEATING ESTIMATESPLD: TRADING UPDATEBA: TRUMP TRADE
Africa Confidential has published a potentially explosive report on corporate comings and goings at Ghana’s Tema port. It looks at Bolloré Africa Logistics, which is involved in a chain of 18 West African container terminals, and along with partner APM Terminals won a deal to operate the new terminal. But a secret Ghanaian ministerial report on the deal notes a “lack of transparency and ethical discipline”, and it concludes that the terms are “so tilted against Ghana’s interests” that the deal should be re-negotiated immediately. Africa Confidential’s report is well-researched, and a must-read for anyone interested in the African port sector.
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