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DP World agrees to acquire a majority stake in TIS container terminal in the Port of Yuzhny, Ukraine

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DP World agrees to acquire a majority stake in TIS container terminal in the Port of Yuzhny, Ukraine. Image: TIS Terminal
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Dubai-based provider of worldwide smart end-to-end supply chain logistics, DP World, has agreed to acquire a majority 51% stake in TIS Container Terminal in the Port of Yuzhny, Ukraine, subject to the satisfaction of certain conditions, including regulatory approval. Bringing the TIS Container Terminal into DP World’s global network of ports, economic zones, warehousing, and inland logistics solutions will strengthen its position as the market-leading terminal of Ukraine.

This latest acquisition also complements the existing operations of DP World’s P&O Maritime Services business through a joint venture with TIS Group, providing tugging, pilotage and other marine services in several Ukrainian ports.

The acquisition is in line with DP World’s strategy to develop data-driven integrated logistics solutions for moving cargo from the point of manufacture to final destination, deploying technology to remove inefficiencies in the supply chain, and focusing on fast-growing markets and key trade routes.

Leveraging its operational and commercial expertise, DP World employs international best practices to streamline terminal operations and focus on our customers, delivering robust and consistent performance standards. The Ukrainian container market grew over 20% in 2019, and TIS Container Terminal has one of the most efficient railway connections in the region to major Ukrainian cities, supporting trade flows to the hinterland.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “We are delighted to extend our Ukraine footprint with this venture and are excited about the significant growth potential of the terminal. Our goal is to build the industry’s leading data-driven supply chain solutions through our global portfolio, creating opportunities for our customers to realise game-changing value and accelerate their cargo deployments. We believe the strategic partnership with TIS Group will enable the terminal to continue growing, further cementing TIS Container Terminal’s position as the leading gateway to Ukraine.”

Container Terminal

Konecranes wins order for 20 RTG cranes in Nigeria

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Konecranes wins order for 20 RTG cranes in Nigeria. Image: Wikimedia/ Media Club
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Konecranes has won an order for 20 RTG cranes from APMT’s West Africa Container Terminal in East Nigeria. The order was booked in two parts, the first in December 2019 and the second in January 2020. Delivery is scheduled for Q4 2020 – Q2 2021.

APMT’s West Africa Container Terminal (WACT) is located in Onne Port, part of the Onne Oil and Gas Free Zone in Nigeria. It was one of the first container terminals to be built in Nigeria under public/private ownership. It offers excellent hinterland connections to the rest of Nigeria. The WACT is upgrading its container handling operation from reach stackers to RTGs to achieve greater stacking density, throughput and productivity.

The Konecranes RTGs on order are diesel-driven, 16-wheel machines stacking 1-over-5 high and 7 containers + truck lane wide. They are equipped with Active Load Control, Auto-steering and Auto-TOS reporting.

Mohammed A. Ahmed, Managing Director of APMT Nigeria said: “As testament to APMT’s long-term commitment to East Nigeria, we have signed a contract with Konecranes for the delivery of 20 RTGs to Onne Port. This is part of our earlier announced expansion of the existing terminal capacity, a USD 100 million investment, that started last year and that will be fully in place shortly. The expansion plan will deliver sufficient capacity to meet the envisaged growth in East Nigeria for the next 15 years.”

Ville Hoppu, Sales Manager, Konecranes Port Solutions, said: “We’re very pleased to have received this order from APMT, one of the world’s leading container terminal operators and a long-time user of our RTG cranes. We have many customers on the west coast of Africa and Onne will be in good company.”

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Maritime

MOL to start joint development for the digitalization of FSRU

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MOL to start joint development for the digitalization of FSRU. Image: MOL
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Mitsui O.S.K. Lines, Ltd. announced that it has reached an agreement for joint development of technologies and solutions for the digitalization of Floating Storage and Regasification Unit (FSRU) (Note 1), in partnership with Daewoo Shipbuilding & Marine Engineering (DSME; CEO: Sung-Geun Lee).

Through this collaboration, detailed operational data will be collected from FSRU and stored in a cloud-based data platform to develop applications for advanced remote operation monitoring and optimizing etc.. The project will enhance safe and efficient operation, which will further deepen cooperation between FSRU and shore-based facilities.

MOL works on this collaboration in cooperation with MOL’s “FOCUS” Project (Note 2) intended to enhance the collection and application of FSRU operation data.

(Note 1)
Floating Storage Regasification Unit. A floating facility for storing and regasifying LNG, which is then pressurized and piped ashore.

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Environment

A.P. Moller – Maersk links new $5.0bn revolving credit facility to its CO2 performance

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A.P. Moller - Maersk links new $5.0bn revolving credit facility to its CO2 performance. Image: Pixabay
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A.P. Moller – Maersk secures a new sustainability-linked revolving credit facility of $5.0bn through a syndicate of 26 selected banks. This is the first bank refinancing arranged by Maersk after its transformation from a diversified conglomerate to a global container logistics company.

The facility refinances the undrawn $5.1bn facility maturing in 2021 and has a tenor of five years which may be extended by up to two years. It will be part of the company’s liquidity reserve.

“We have received strong support from our global relationship banks. The facility was substantially oversubscribed, and we are pleased with the terms and conditions of the new facility. With the new facility we have extended the maturity profile of our finance commitments, while aligning with our sustainability ones,” highlights Henriette Hallberg Thygesen, CEO of Fleet & Strategic Brands.

The credit margin under the facility will be adjusted based on Maersk’s progress to meet its target of reducing CO2 emissions per cargo moved by 60% by 2030, which is significantly more ambitious than the IMO target of 40% by 2030 (all 2008 baseline).

In 2018 Maersk announced its commitment to becoming carbon neutral by 2050. The new finance facility affirms Maersk’s efforts to drive sustainability into its operations and supply chains.

“We are determined to reach our ultimate target of becoming fully carbon neutral by 2050, and this agreement serves as another enabler for us to deliver on that ambition. Given the lifespan of our fleet, we need to find new and sustainable solutions to propel our vessels within the next 10 years. To realize this ambitious commitment, we are partnering with researchers, regulators, technology developers, customers, energy providers – and now banks,” explains Henriette.

Banco Santander S.A., London Branch, Bank of America Merrill Lynch International Designated Activity Company, Barclays Bank Plc, BNP Paribas, Citibank N.A. London, Commerzbank Aktiengesellschaft, Crédit Agricole Corporate and Investment Bank, Danske Bank A/S, Deutsche Bank, Handelsbanken, HSBC France, MUFG, Nordea, SEB and Standard Chartered Bank, joined as mandated lead arrangers.

Banco Bilbao Vizcaya Argentaria, S.A., London branch, DNB Bank ASA, Industrial and Commercial Bank of China (Europe) S.A., Brussels branch, ING Bank, J.P. Morgan Securities Plc, Mizuho Bank, Ltd., Morgan Stanley Bank International Limited, Natwest Markets Plc, Sumitomo Mitsui Banking Corporation, Société Générale and the Standard Bank South Africa Limited, Isle of Man branch, joined as lead arrangers.

Crédit Agricole and SEB acted as Sustainability Coordinators. MUFG acted as Documentation Agent and BNP Paribas as Facility Agent.

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