Port of Valencia in Spain, the already busiest container port in the Mediterranean, is set to expand. TiL would partner with Valencia Port on this construction to add a fourth port with the container capacity of 5 million TEU, a project worth more than 1.5 billion dollars.
Maersk has established a new air cargo division, Maersk Air Cargo, to show its determination to march into the air cargo market since this April. And its airfreight services will be expanded further, as represented by the move to launch direct flights between China and the US by the end of this year.
Svitzer, a giant Australian towage operator, has planned a lockout of tug crews due to a labor dispute with maritime unions. According to Svitzer, this lockout would begin this Friday (18th November) and continue indefinitely. 582 tug employees would be prevented from working.