GT USA, a subsidiary of UAE-based Gulftainer, is investing approximately USD600 million in the port of Wilmington as part of a 50-year concession agreement.
Plans for the deepwater port include the development of its all cargo terminal capabilities, while USD400 million is earmarked for a 1.2 million teu container facility.
Port Houston reported a strong surge in activity at its multipurpose facilities in September 2024. Steel imports were up 25 percent year on year.
For the first nine months of 2024, the port of Antwerp-Bruges saw a total throughput of 210.5 million tonnes, an increase of 3 percent compared to the same period last year and a stabilisation in comparison to the second quarter of 2024.
Trailer manufacturer Faymonville has selected a site in Little Rock, Arkansas for its first USA production facility.
Ro-ro shipping group Wallenius Wilhelmsen has posted its second-best quarter to date, with an adjusted EBITDA of USD503 million for Q3 2024.
Ro-ro shipping group Wallenius Wilhelmsen has entered into a five-year agreement with an agriculture, forestry and roadbuilding equipment manufacturer.
DSV issued its Q3 2024 figures last week. Revenue has climbed strongly but uncertainty about the macroeconomic environment has hit margins.
