Shippers and their service providers exiting the China-Europe rail route through Russia has slammed the brakes on a trade lane that expanded by almost 30 percent in 2021.
Ocean carriers eventually will have an alternative to the Bosphorus Strait — if Turkish President Recep Erdogan sticks to his plan to start work this year on a new 32-mile canal. It is top among Turkey's new transport projects.
APM Terminals announced Wednesday it will provide container weighing services at 29 locations across its global network to ensure a smooth transition to an international regulation that comes into force on July 1.
Yilport Holding has finalized the acquisition of Tertir, a Portugal-based port and logistics group with container and bulk terminals in Europe and South America.
The government of Turkey will open tenders to privatize the Port of Alsancak in the city of Izmir in the first half of 2016, according to the Daily Sabah, a newspaper.
Zim Integrated Shipping Services and a European short-sea operator are reintroducing a seasonal refrigerated service aimed at agriculture shippers that connects the Mediterranean and the Middle East.
Yilport Holding, the leading Turkish port operator, has reached agreement to take over Tertir, a Portuguese port and logistics company, with terminals in Europe and Latin America.
The European Bank for Reconstruction and Development announced the acquisition of a minority stake in Turkish port operator, Global Ports Holding, just weeks after a near $1 billion Chinese investment in the country’s waterfront.