Ports & Logistics
AD Ports signs agreements to refinance US$2.25bn debt
(Posted on 24/09/24)AD Ports Group, a leading facilitator of global trade, logistics and industry, has signed agreements with two UAE banks to refinance its syndicated loan of USD 2.25 billion at more favourable terms, which would enable the Group to save up to AED 44 million (USD 12 million) in finance costs over the next 12 months.The new facilities...
ASL to offer IPO on London’s AIM Exchange
(Posted on 19/09/24)Adhira Shipping and Logistics (ASL), a specialist in mining logistics in Africa, will offer an IPO on London’s AIM in 2025Captain Pappu Sastry, CEO of ASL made the announcement to shipping and business media at press conference in London after highlighting the prospects for the company in securing long-term contracts with...
CN operations recover as outlook updated following labour dispute
(Posted on 19/09/24)CN has announced that its operations have recovered following several months of labour uncertainty as well as a complete shutdown of its Canadian network, and that it is adjusting its 2024 guidance and long-term financial outlook.With its nearly 20,000-mile rail network and related transportation services, CN connects Canada&rsquo...
Panama Canal strategies spotlighted at International Investors Forum
(Posted on 19/09/24)The 2025 Investors Forum, organized by the Latin American Stock Exchange (LATINEX) has analysed the economic and operational strategies of the Panama Canal during the months in which the dry season had its highest impact, influenced by the 2023-2024 El Niño phenomenon.During the presentation, Panama Canal Administrator Ricaurte...
King Willem-Alexander and King Philippe to open new Terneuzen lock
(Posted on 12/09/24)The Kings of the Netherlands and the Belgians will open the New Lock in Terneuzen on 11 October. Barry Madlener, the Netherlands Minister of Infrastructure and Water Management and Lydia Peeters, the Flemish Minister for Mobility and Public Works will also be present.The joint opening underscores the transnational significance of...
Bilbao promotes port services for trade in agri bulk
(Posted on 12/09/24)UniportBilbao and the Port Authority of Bilbao have again attended the Duero International Grain Exchange in Valladolid. Organised by ACCOE (Spanish Grain and Oilseed Trade Association) and Unistock of Spain (Spanish Association of Port Warehousekeepers of Grains, Cereals and their derivatives), the event promotes commercial and...
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