CMA CGM completes first transaction relating to the sale of eight port terminals for USD 815 million in cash

The CMA CGM Group has announced the first closing of its agreement with China Merchants Port (CMP), with the sale of its stakes in eight port terminals to Terminal Link, 51% owned by CMA CGM and 49% by CMP. In line with the agreement announced on 20th December 2019, the first transaction represents USD 815 …

Leoch acquires UK based battery specialist

Leoch, one of the largest battery manufacturers in the world, has announced the acquisition of a 100 per cent stake in DBS Leoch. The new company, Leoch Battery UK Ltd will become the UK subsidiary of Leoch International. The new business will be based in Market Harborough, Leicestershire and will enable Leoch to grow its …

Abu Dhabi Ports to develop world’s first unmanned autonomous commercial tugboats

Abu Dhabi Ports announced the collaboration with a global commercial vessel designer and one of the world leaders in tug building industry, Robert Allan Ltd., to develop the world’s first fully unmanned autonomous commercial marine tugs. Once developed, the tugs will join SAFEEN, Abu Dhabi Ports’ maritime service arm, which maintains an expanding fleet of …

BOLLORÉ TRANSPORT & LOGISTICS CONFIRMS A CONCESSION CONTRACT FOR THE RO-RO TERMINAL IN PORT SAÏD

Bolloré Transport & Logistics, Toyota Tsusho Corporation (TTC) and Nippon Yusen Kaisha (NYK) have recently signed a concession contract with the Suez Canal Economic Zone for the future Ro-Ro terminal in Port Said, Egypt. The consortium plans to invest $150 million to develop and operate the Ro-Ro terminal. The project includes the acquisition of equipment and the development …

€755 million deal for Alstom in the UK

Alstom has signed a €755 million ((£642 million) deal to refurbish and maintain 56 electric Pendolino trains deployed on the West Coast Mainline. As well as covering a €150 million (£127 million) upgrade programme of the Pendolinos, which is believed to be the biggest train upgrade programme ever undertaken in the UK, the deal will …

Mammoet takes over ALE

Mammoet confirms that the acquisition of ALE has been completed, and the businesses will now operate as one company under the Mammoet brand. Over the coming months a fully developed integration plan will be rolled out that will focus on bringing the two organizations together. The global coverage of the combined business is over 140 …

Gaussin Terminal Trailers for Qatar

Gaussin has won a new order for 24 Terminal Trailers (TTr), with an option for additional 33 TTr for QTerminals, operator of Hamad Port, Qatar, for the new Container Terminal 2 (CT2). QTerminals is a terminal operating company jointly established by Mwani Qatar (51% shareholding) and Milaha (49% shareholding) to provide container, general cargo, RORO, …

Van Oord signs partnership with Hendrik Veder Group

During the Europort trade fair in Rotterdam, the international dredging and offshore contractor Van Oord has signed a two-year partnership contract with Hendrik Veder Group, that offers products and services in the field of steel wire rope and fibre ropes. The Netherlands-based company will provide the maritime contractor with lifting equipment required for offshore windmills …

Master Supplier Agreement signed between Gaussin and UPS for the supply of electric vehicles dedicated to logistics centers

The US group UPS, the world's leading parcel carrier, chose Gaussin Manugistique to equip its logistics platforms with electric vehicles. This is apparent from the Master Supplier Agreement recently signed between the two companies. This agreement, which covers all UPS facilities in the world, is also accompanied by a first order for an ASBM (Automotive …

Signature of a joint venture agreement between Deutz and Sany

German engine manufacturer Deutz has signed a joint venture agreement with Chinese construction equipment manufacturer Sany. The new structure will be owned 51% by Deutz who will also inject € 2 million. The company will take over production of Sany’s engine range with the goal of producing 75,000 new engines by 2022. These will comply …