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...Under chief executive Rodolphe Saadé, the unlisted Marseille-based company has used the windfalls to diversify, buying up port terminals and expanding into the less cyclical business of logistics....
...MSC will no longer have to compromise on what day to sail, which terminal to use or which sailing to cancel....
...Maybe in five or 10 years, if India and south-east Asia build port terminals that can accommodate large ships, then they will play a different, bigger role,” he added....
...The Marseille-based container company, which in recent months has made investments in logistics ventures, port terminals and a parcel delivery group at a time when international shipping prices have been...
...The FMS container terminal is one of the largest in North America, handling about 2.3m 20ft containers a year....
...The unit brought in €2.1bn in revenue last year, has a presence in 42 ports, and operates 16 container terminals in Côte d’Ivoire, Ghana and Nigeria, among other countries....
...Last month, it also used its influx of cash to agree to buy Fenix Marine Services, a container terminal operator at the Port of Los Angeles, in a deal worth $2.3bn including debt....
...The Suez Canal blockage, the closure of Chinese terminals and a shortage of staff at ports have also contributed to the rapid increase in the cost of shipping goods....
...goods on time, with containers stranded at sea....
...More than 1m containers a year pass through the six port terminals of Djibouti....
...Three years ago, Djibouti seized the container port of Doraleh from DP World....
...The Apontes have retained close control over the company’s decision-making and culture for decades as it expanded beyond cargo transport into cruises, terminals, inland logistics, security and other areas...
...The Department of Justice has begun investigations into Tyson Foods, Cargill, National Beef and JBS SA....
...Putting Lebanon’s current crises centre stage, Mr Macron toured Beirut’s port, whose container terminal has been restored to operation but whose storage area still resembles a wasteland....
...“We also have clients in Europe asking us to make available ships for containers from Shanghai to Le Havre,” he said....
...Djibouti, in the Horn of Africa, is home to a Chinese naval base, while China Merchants Port Holdings, a part state-owned enterprise, is negotiating to take control of the Doraleh Container Terminal in Djibouti...
...*This post and its headline has been amended to clarify that Djibouti nationalised Port de Djibouti’s stake in the Doraleh Container Terminal....
...This February, the small African nation of Djibouti took control of the Red Sea container port of Doraleh from DP World, completing what it considers the final act in a lengthy wrangle with the Dubai-based...
...Djibouti would be prepared to pay DP World compensation of “more or less half a billion dollars . . . as early as next week” to settle a dispute over control of the city’s Doraleh container terminal....
...In February, Djibouti seized Doraleh after accusing DP World of deliberately under-using the port in favour of Berbera and other regional terminals. Yet the push into Somaliland, is not without risk....
...Dubai ports operator DP World said Djibouti had illegally seized control of the Doraleh container terminal in the east African state, describing it as “an oppressive and cynical” move in the government’s...
...A few days later, 2,500 miles across the continent, Djibouti’s president announced that his government was terminating the concession of DP World, a Dubai ports operator, to run the Doraleh container terminal...
...These two containers terminals, one in Lomé, Togo, the other in Conakry, Guinea, were obtained by Bolloré Group in 2010, Le Monde said....
...Bolloré Group’s African subsidiary claims to be the largest transport and logistics operator on the continent and runs 16 container terminals in Africa through public-private partnerships....
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