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Cosco Shipping acquires majority share in Piraeus port authority

2016-08-12 01:00:00| Ship Technology

Chinese shipping company Cosco Shipping has acquired a 67% stake in OLP, which operates the Piraeus port authority in Greece, for $409m.

Tags: shipping share port authority

ACCC approves bid to lease Port of Melbourne, Australia

2016-08-12 01:00:00| Ship Technology

The Australian Competition and Consumer Commission (ACCC) has approved two bidding proposals to lease the Port of Melbourne for a period of 50 years.

Tags: australia port bid lease

North Carolina Ports completes turning basin expansion at Wilmington port

2016-08-10 01:00:00| Ship Technology

North Carolina Ports has completed the expansion of its turning basin at the Port of Wilmington, US, under the ports ongoing infrastructure investment plan.

Tags: north port carolina north carolina

MMC to purchase a 49% share in Penang Port for $49.5m

2016-08-09 01:00:00| Ship Technology

Malaysian utilities and infrastructure group MMC has signed a conditional share sale and purchase agreement to buy a 49% stake in Malaysia's Penang Port for MYR200m ($49.5m) in cash from MMCs own majority shareholder Seaport Terminal (Johore).

Tags: for share purchase port