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APMT to increase capacity in Poti, Georgia

APM Terminals has announced that it will invest more than US$100 million to increase the capacity of the Poti Port over the next three years. The plans include the build of both new container and bulk cargo facilities and the deepening of the port’s harbor. This expansion will increase Poti’s capacity by a further 50 percent, […]

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Maersk Line Increases Asia-Europe Freight Rates By $400 Per Container

Maersk Kwangyang, Image courtesy Maersk COPENHAGEN (Dow Jones)–Danish oil and shipping company A.P. Moller-Maersk A/S (MAERSK-B.KO) confirmed Friday that its container shipping arm Maersk Line will hike rates on its westbound Asia-Europe routes by $400 a standard 20-foot container as of April 1. The general rate increase, received by customers early Friday, will apply to […]

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Monrovia Projected for Record Growth in Africa

source: press release APM Terminals, February 10, 2012 APM Terminals port privatization project ahead of schedule Monrovia, Liberia– In a world where slow growth is the norm for many countries, the International Monetary Fund has forecast an economic growth rate of 5.5% for sub- Saharan Africa in 2012 as a region. More importantly, Liberia’s GDP […]

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