Port of Quebec receives CAN$30 million for a second cruise terminal
Canada’s Port of Quebec has received a CAN$30 million (US$23 million) investment to build a second cruise terminal, which will be capable of accommodating 4,000 to 5,000 passengers. To be built at Berth 30, the 100,000-square-metre facility will include a terminal building and two passenger gangways. The port will also carry out infrastructure improvements to the cruise berth before the terminal opens in 2020.
Keppel Corporation terminated an agreement to manage and provide technical services to Baku Shipyard.
Baku Shipyard LLC is a joint venture by Keppel Offshore & Marine (KOM), State Oil Company of Azerbaijan Republic (SOCAR), and Azerbaijan Investment Company (AIC) that was formed in 2013 to develop a shipbuilding and shiprepair facility in Baku, Azerbaijan.
As part of the development, Baku Shipyard signed agreements (MSA and TSA) with KOM subsidiaries Caspian Offshore and KSM Management for the JV company’s management and technical services.
In the first half of 2018, Hamburger Hafen und Logistik AG (HHLA) improved on the already strong prior-year result. Both Group revenue and the Group operating result increased slightly in the first six months against the same period of the previous year, which was already very strong. This development was driven by both subgroups, the listed Port Logistics subgroup and the Real Estate subgroup. A 1.2 percent increase in container throughput was recorded. As projected, container transport declined by 4.2 percent on account of the realignment of Polzug activities following its successful integration into the Metrans group. Revenue in the Port Logistics subgroup was up by 1.6 percent.