The two-week ceasefire announced by US with Iran will not restore container shipping operations through the Strait of Hormuz to pre-conflict conditions, with ocean supply chain disruption and elevated rates expected to continue, according to an industry expert.
AD Ports Group has finalised a $115 million project funding facility to support the development of the Noatum Ports - Safaga Terminal in Egypt, thus reinforcing the Group’s long-term commitment to expanding critical port and logistics infrastructure across its focus international markets.
Libya's Misurata Free Zone Authority has signed a $2.7 billion PPP involving Doha-based infrastructure investor Maha Capital Partners and Terminal Investment Limited, the port operator of world's largest container shipping line MSC, to transform the Libyan port into a modern, high-capacity transhipment hub.
