Investment
Investment – Capital outlay in ports assets and businesses by companies, organisations and governments. Usually to increase capacity and implement upgrades to to port equipment.
Only in Albania: Sea ports replaced by apartment buildings
Vlora, Albania (PortSEurope) April 11, 2023 – A 350 million euro marina for 400 yachts will replace the second biggest commercial port in Albania in the...
Taganrog Commercial Sea Port reports quarter 1, 2023, progress
Taganrog, Russia (PortSEurope) March 31, 2023 – JSC Taganrog Commercial Sea Port, the main stevedoring operator of the seaport, has reported activities...
European Investment Bank lends money to support Greek ports
Athens, Greece (PortSEurope) March 21, 2023 – Earlier in March, a cooperation agreement was signed between the Ministry of Shipping and Insular Policy...
SCZONE receives Zhejiang delegation to discuss means of cooperation
Port Said, Egypt (PortSEurope) March 16, 2023 – The Suez Canal Economic Zone (SCZONE) has hosted a high-level delegation from Chinese Zhejiang province,...
European Investment Bank, Italy discuss investment
Rome, Italy (PortSEurope) March 15, 2023 – The European Investment Bank (EIB) and the Italian Ministry of Infrastructure and Transport (MIT) have met to...
Cepsa will build new biofuel plant in Palos de la Frontera, Huelva
Huelva, Spain (PortSEurope) March 14, 2023 – Energy company Cepsa will build a new second-generation (2G) biofuel plant in Palos de la Frontera, Huelva,...
€3.4 billion to modernise the Palermo-Catania railway line
Brussels, Belgium (PortSEurope) March 14, 2023 – As part of the InvestEU programme, a total of €3.4 billion will be available to modernise and upgrade...
Russia’s Rosmorport to delay some port projects in 2024
Moscow, Russia (PortSEurope) March 14, 2023 – Rosmorport is likely to delay a number of investment projects due in 2024 for one or two years, Andrey...
APM Terminals Poti invests in safer, better, bigger operations
APM Terminals Poti’s multi-million-dollar investment plan continues this year. The modernisation of existing infrastructure and equipment at Georgia’s...
Russia announces further investment in Port of Olya, Astrakhan
Astrakhan, Russia (PortSEurope) March 6, 2023 – Financing of 2.5 billion rubles was allocated for the design and construction of infrastructure...
CMA CGM Group to deploy €200 million to tackle decarbonisation
Marseille, France (PortSEurope) February 28, 2023 – The CMA CGM Group, Bpifrance and the Secretary of State for the Sea have announced that Bpifrance...
Yilport Holding acquires Port of Šibenik, Croatia
Šibenik, Croatia (PortSEurope) February 22, 2023 – Yilport Holding has taken over the operations at Port of Šibenik, located on the Adriatic coast of...
DP World Limassol celebrates six-year anniversary
Limassol, Cyprus, 17 February 2023: Celebrating six successful years as operator of the multi-purpose and cruise terminals, DP World Limassol remains...
New terminals and berths in Novorossiysk port
Novorossiysk, Russia (PortSEurope) February 17, 2023 – Novaya Pristan company (part of OZK Group) is preparing the project for new berths in Russia’s Black...
Malta government proposes to amend Freeport concession agreement
Marsaxlokk, Malta (Ports Europe) February 17, 2023 – The government has presented a resolution to amend the Malta Freeport concession agreement. Malta...
Port of Barcelona invests €5 million in PORTIC’s new technology platform
PORTIC, the Port Community of Barcelona’s port community system (PCS), has unveiled a new technological platform that incorporates significant...
The Economist: Investments in ports foretell the future of global commerce
Singapore (Ports Europe) February 14, 2023 – The Economist describes the new Tuas Mega Port and the future of the ports in the world is an article about...
Navantia to invest €43 million in the Puerto Real (Cádiz) shipyard
Cádiz, Spain (Ports Europe) January 24, 2023 – Spanish shipbuilder Navantia will invest €43 million in the Puerto Real (Cádiz) shipyard. It will...
HHLA sees great potential for further growth in the Adriatic region
In 2020, Hamburger Hafen und Logistik AG (HHLA) signed a contract to take over a majority stake of 50.01 percent in the multi-purpose terminal “Piattaforma...
Sanctions force Russia to develop Tuapse port
Tuapse, Russia (Ports Europe) January 20, 2023 – The extension of the south-east breakwater in Russia’s Black Sea port of Tuapse was approved by...