International Trade News
Inefficient operations at Tanjung Priok and regular traffic around the port adds significant costs to supply chains.
The East Hope Group is a formidable aluminium producer, with some 150 subsidiaries and 24,000 employees.
Canadian shippers and the head of Canada’s largest port have argued monetizing the country’s 18 port authorities could increase port user fees, limit public oversight, and threaten investment in waterside infrastructure.
Port sector consolidation in China is expected to accelerate this year.
India’s container trade is expected to grow at a faster pace in the coming months.
Despite relatively good demand across most major regions, terminal operators say they expect pressure on margins.
The new track will also help raise rail’s share of hinterland container traffic.
The port also plans to boost its logistics business to exploit growing demand for just-in-time deliveries that resulted in Amazon deciding to locate its largest UK fulfillment center on the site.
The $228 million deal comes in the wake of similar deals in Europe, Asia, and the Middle East — including the purchase of Rotterdam’s Euromax Terminal and a majority stake in Greece's largest port, Piraeus.
The project would involve greenfield and brownfield container and bulk terminals.