Secretary of State nominee Marco Rubio said Chinese port facilities at either end of the Panama Canal pose a military threat and could be used by Beijing in a crisis to shut down military shipping. Mr. Rubio, appearing before the Senate Foreign Relations Committee, said President-elect Donald Trump’s comments about the need to restore U.S…. Read More
The Port of New Orleans (NOLA) has been awarded a $1 million grant from the U.S. Environmental Protection Agency for the port’s Louisiana International Terminal’s (LIT) sustainability management plan. The terminal will be built in Violet, Louisiana, 17 miles downriver from the Crescent City Connection bridge, eliminating air draft restrictions for vessels that call Port NOLA. The… Read More
Abu Dhabi, UAE – AD Ports Group (ADX: ADPORTS), a leading facilitator of global trade, logistics, and industry, has signed a Foundation Agreement with SEMURG INVEST LLP (Semurg), the owner and developer of the Sarzha Multifunctional Marine Terminal at Kuryk Port, Kazakhstan. Under the terms of this agreement, AD Ports Group owns a 51% stake… Read More
Strafford, Mandel move up at busiest U.S. container port The Port of Los Angeles has appointed Jeffrey Strafford as chief financial officer, and Artie Mandel as director of government affairs. Strafford will oversee a wide range of the port’s financial affairs, including the accounting, debt and financial analysis, and financial planning and analysis divisions. A… Read More
ISTANBUL – Turkey’s Pasifik Holding plans more cooperation in the global technology sector and also seeks to invest in port operations, company chairman Fatih Erdogan said on Tuesday. Erdogan said the company, which owns 55 companies and employs more than 2,500 people, is eyeing global partnerships, cooperation and acquisitions in defence technologies. It is also… Read More
