#maritime-expansion
(10 articles)Neom Container Terminal Opens November 10: 700K TEU Capacity Reshapes Red Sea Trade
Saudi Arabia's Neom megaproject is launching Terminal 1 on November 10 with an initial capacity of 700,000 twenty-foot equivalent units (TEUs), representing approximately 8% of total Saudi container v
PIF-Backed Folk Maritime Halts Expansion Amid Soaring Shipping Costs
Folk Maritime, a shipping company owned by Saudi Arabia's Public Investment Fund, has announced a pause on its growth initiatives in response to significantly elevated shipping costs. This move reflec
OBT Expands Mauritania Operations Amid Rising Shipping Demand
OBT has announced an expansion into Mauritania, capitalizing on growing demand for shipping services across African maritime corridors. This move represents the company's strategic effort to enhance s
Dajin Completes King-Class Fleet with Third Vessel Launch
Dajin has launched its third and final King-class vessel, marking the completion of an important fleet expansion program designed to increase heavy lift and project cargo capacity in global markets. T
APMT to Develop Badagry Deepwater Container Terminal in Nigeria
APM Terminals has reached a significant milestone in West African port infrastructure by signing a memorandum of understanding with Nigerian officials to develop a new greenfield container terminal at
TCI to Boost Coastal Shipping Capacity 30-40% in Strategic Expansion
TCI, a major Indian logistics operator, has announced plans to expand its coastal shipping capacity by 30-40% over the next 4-5 years. This strategic investment signals strong confidence in India's do
Jassper Shipping $50M Investment Expands Project Logistics Capacity
Jassper Shipping has secured $50 million in growth capital to expand its project logistics and bulk cargo operations, signaling confidence in demand for specialized maritime services. This investment
Cosco Launches Hainan Subsidiary to Expand Container Shipping Operations
Cosco Shipping is reinforcing its commitment to China's Hainan free-trade port through the establishment of a new subsidiary capitalized at CNY300 million ($44.4 million). The subsidiary, Hainan Cosco
DP World Deploys 2,500 TEU Vessel to Boost India Coastal Shipping
DP World, the global port and logistics operator, has announced the deployment of a 2,500 TEU (twenty-foot equivalent unit) vessel to strengthen its coastal shipping operations in India. This strategi
DP World Expands India Coastal Shipping with 2500-TEU Vessel
DP World, a leading global logistics operator, has introduced a new vessel to its Indian coastal shipping network with capacity exceeding 2,500 containers (TEUs). This strategic deployment represents