AD Ports Group (ADX: ADPORTS), a leading global enabler of trade, industry, and logistics solutions, today announced the successful completion of the financial closing of its acquisition of Corredor Logística e Infraestrutura (CLI), Brazil’s leading independent agri-bulk port terminal operator from funds managed by Macquarie Asset Management and IG4 Capital. The transaction, announced on 2… Read More
The Dutra Group is proud to announce the award of the FY26 Norfolk International Terminals North Container Terminal Maintenance and Deepening Project. The project will maintain and deepen critical container berths and access channels at the Virginia Port Authority’s Norfolk International Terminal by dredging approximately 1.5 million cubic yards of material. By deepening these berths… Read More
FedEx completed the sale of FedEx Supply Chain to CMA CGM on Thursday in a $1.4 billion deal. The business joins CEVA Logistics, CMA CGM’s logistics subsidiary, adding approximately 34 million square feet of warehouse space and nearly 10,000 employees. The acquisition nearly triples CEVA’s North American contract logistics business, according to CMA CGM. The… Read More
By Martin Chomsky Saronic has begun construction of Port Alpha, a Texas shipyard backed by more than $3 billion in private investment to build autonomous and manned vessels. The company expects the facility to create up to 10,000 direct jobs over the next decade and add capacity for Navy and commercial shipbuilding. The yard will… Read More
EWE, RWE and Vattenfall are selling their shares in the alpha ventus offshore wind farm to Ocean Breeze Energy. The change of ownership opens the prospect of Germany’s first offshore wind farm, situated around 45 kms north of Borkum, continuing to operate beyond its originally planned lifespan. Commissioned in 2010, the wind farm pioneered German offshore… Read More
