By Marco Aquino CALLAO, Peru (Reuters) -Dutch port operator APM Terminals will invest ​$550 million to expand Peru's Callao port ‌starting in January, chief commercial officer for the company's Peru unit,‌ Fernando Fauche, said on Wednesday. The two-year project aims to increase the terminal's capacity to 24,000 containers, Fauche told journalists during an event celebrating the ⁠launch of direct ‌arrivals from Asia to the facility on Peru's central coast. Peru's Callao port in ‍November began offering ...

SINGAPORE, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Ten-League International Holdings Limited (Nasdaq: TLIH) (the “Company” or “Ten-League”), a Singapore-based provider of turnkey project solutions, today announced its subsidiary, Ten-League Port Engineering Solutions Pte. Ltd. (“Ten-League PES”), has secured a new order from PSA Corporation Limited (“PSA Singapore”) (the Order”), building on the Company’s successful delivery and commissioning of Singapore’s first Battery Charging and Swap Station (“BCSS”) at the ...

Core Points - DEME has won Brazil's first-ever auction for a port access channel concession [1] - The Canal Galheta Dredging Consortium (CCGD), formed by DEME and FTS Participações Societárias S.A. (FTS), secured a 25-year concession contract [1] - The concession involves operating, maintaining, and expanding the marine access channel to the Port of Paranaguá, which is Brazil's second-largest public port located in the state of Paraná [1]

Core Insights - INNEOVA Holdings Limited has been awarded a multi-year overhaul tender valued in the multi-million dollar range from PSA Singapore, marking the third consecutive tender awarded to the company since 2018, indicating strong confidence in its service quality and operational reliability [1][2]. Company Overview - INNEOVA Holdings is a Singapore-based engineering solutions provider focused on maximizing equipment uptime, optimizing total cost of ownership, and extending asset longevity through sustainable engineering practices [1][8]. - The company has a long-standing relationship with PSA Singapore, spanning over 20 years, during which it has provided various engineering services including overhaul and maintenance programs [3][4]. Contract Significance - The recent contract award reinforces INNEOVA's engineering competency and service reliability, contributing to the company's revenue stream from engineering solutions, which is a core component of its business strategy [5]. - The contract highlights the importance of long-term partnerships in delivering value to customers and shareholders [5]. Service Capabilities - INNEOVA Engineering offers system lifecycle analysis and turnkey solutions across various sectors, including transport, healthcare, and utilities, aimed at maximizing asset uptime and longevity [6]. - The company is committed to optimizing total cost of ownership and ensuring resilient operations from concept to maintenance [6]. PSA Singapore Overview - PSA Singapore is a leading global port operator, handling a record 100.2 million TEUs globally in 2024, with its Singapore operations accounting for 40.9 million TEUs [7]. - The company operates 55 berths across six container terminals and has an annual design capacity of approximately 43.9 million TEUs [7].

Summary of Key Points from the Conference Call Industry Overview - **China's Economic Conditions**: The report highlights the current economic conditions in China, focusing on various sectors including real estate, trade, and fiscal policies. Core Insights and Arguments - **Property Sales Decline**: Property sales in 30 major cities dropped significantly to -25% YoY in the first 18 days of October from a growth of 7% YoY in September, indicating a substantial slowdown due to a high base effect from previous policy stimulus [2][17] - **Weakening Auto Sales**: Auto retail sales fell to -8% YoY in the first 12 days of October, down from 6% YoY in September, reflecting a decline in consumer demand [2][13] - **Port Activity**: Port cargo throughput growth moderated to 2% YoY in early October from 7% YoY in September, suggesting a slowdown in trade activities [2][18] - **Container Freight Index**: The China Container Freight Index (CCFI) decreased by -4% WoW, averaging a -31% YoY decline, indicating challenges in shipping and logistics [2][16] - **CPI and PPI Trends**: September's Consumer Price Index (CPI) showed a slight improvement to -0.3% YoY from -0.4% YoY, while the Producer Price Index (PPI) narrowed its decline to -2.3% YoY from -2.9% YoY, reflecting mixed inflationary pressures [3][27] - **Total Social Financing (TSF)**: TSF growth edged down to 8.7% YoY, with new RMB loans recorded at RMB 1.29 trillion, which was softer than expected and about RMB 300 billion below the previous year [4][20] - **Trade Growth**: China's export growth accelerated to 8.3% YoY in September, up from 4.4% YoY, with imports also surprising positively at 7.4% YoY, marking the strongest growth since April 2024 [6][30] Additional Important Insights - **Fiscal Conditions**: General fiscal revenue growth improved to 2.6% YoY in September, with tax revenue increasing significantly, while local land sales revenue showed a narrowing decline [7][24] - **US-China Trade Relations**: There are signs of de-escalation in US-China trade tensions, with discussions for a new round of trade talks anticipated, which could impact future tariffs and trade policies [8] - **Upcoming Economic Data**: Expectations for upcoming economic data include a narrower YoY decline in property sales and continued deep declines in property investment, alongside a moderated GDP growth forecast of 4.7% YoY for Q3 [9] This summary encapsulates the critical insights from the conference call, providing a comprehensive overview of the current economic landscape in China and its implications for various sectors.

Core Insights - Kalmar Corporation and Africa Global Logistics (AGL) have collaborated on a project to refurbish two ship-to-shore (STS) cranes at AGL's container terminal in the Port of Abidjan, Ivory Coast, as part of Kalmar's Modernisation Services offering [1] - The order for the project was booked in Kalmar's Q4 2024 order intake, and the refurbishment work was completed in Q1 2025 [1] Company Overview - AGL, part of MSC, employs over 20,000 people across 50 countries and operates 17 container terminals, seven RoRo/ConRo terminals, and one inland port terminal, investing in port infrastructure to serve various stakeholders [2] - Kalmar operates globally in over 120 countries, employing approximately 5,200 people, and reported sales of approximately EUR 1.7 billion in 2024 [5] Project Details - The refurbishment project for the cranes in Abidjan included the replacement of the cranes' forestay and pivot point bearings, trolley rails, short rails, and trolley and guide wheels [3] - Kalmar has previously completed several similar repair and refurbishment projects for AGL's crane fleet, including units in Congo and Benin [3] Collaboration and Expertise - AGL's Deputy Technical Director emphasized the successful past collaborations with Kalmar, noting that all projects were completed on time and to high-quality standards [4] - Kalmar's Project Manager highlighted the company's expertise in crane repair and refurbishment, along with the delivery of a comprehensive maintenance training program for port technicians in Abidjan [4]

Core Insights - BlackRock has announced the acquisition of the Panama Canal ports for $22.8 billion, addressing security concerns related to their connections with China raised by former President Donald Trump [1] - The deal includes the ports of Cristobal and Balboa, as well as Hutchison's controlling interest in 43 ports across 23 other countries [1] Company Operations - BlackRock will collaborate with Terminal Investment Limited (TiL) to manage the ports alongside its subsidiary Global Infrastructure Partners (GIP) [2] - This partnership aims to leverage BlackRock and GIP's combined platform to provide differentiated investment opportunities for clients [3] Strategic Importance - The acquisition is seen as a significant move to facilitate global growth through world-class port operations [3] - BlackRock emphasizes its strong connections with organizations like Hutchison and MSC/TIL, positioning itself as a preferred partner for long-term capital investments [3]