News in Numbers
$4bn
German shipping company Hapag-Lloyd has entered two contracts with Chinese shipyards for 24 new container ships, totalling $4bn in investment.
$1.3bn
DP World has unveiled plans for a £1bn ($1.30bn) expansion of London Gateway, with aims for it to become the UK’s largest container port within the next five years.
$765.5m
Ocean Wilsons’ subsidiary OW Overseas Investments Limited has agreed to divest its 56.47% stake in Brazilian maritime services provider Wilson Sons to SAS Shipping Agencies Services, a subsidiary of MSC Mediterranean Shipping Company, for BRL4.35bn ($765.5m).
$580m
The US Department of Transportation’s Maritime Administration (MARAD) has announced an investment of $580m in 31 port improvement projects across 15 states and one US territory.
$250m
The joint venture of ADNOC Logistics and Services with Wanhua Chemical Group, AW Shipping, has awarded $250m in contracts to Jiangnan Shipyard for the construction of two additional Very Large Ammonia Carriers.
