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A significant investment of $400M by DP World, based in Dubai, has boosted the container handling capacity of the South Terminal at the Port of Callao by 80%. This makes Callao one of the leading ports in South America capable of accommodating three vessels simultaneously, or two mega-vessels, following the extension of the Bicentennial Pier near Lima. The pier has been expanded from 650 meters to 1,050 meters as part of DP World’s strategy for Latin America, increasing annual handling capacity from 1.5 million to 2.7 million TEUs (twenty-foot equivalent units) and expanding the container yard space to 40 hectares.
Masdar, based in Abu Dhabi, has announced a definitive agreement with GEK TERNA and other shareholders of TERNA ENERGY to acquire an initial 67% of the company’s shares upon completion of the deal, subject to regulatory approvals and other conditions.
Riyadh, Saudi Arabia, 13th May 2024: The eagerly awaited Saudi International Wood and Woodworking Machinery…
The government of India has prolonged the prohibition on de-oiled rice bran exports for an additional four months, as stated in an official announcement released by the Directorate General of Foreign Trade (DGFT) dated March 15.
Trade between the UAE and Saudi Arabia surged by 28% leading up to 2022, as…