Latest news with #ports
CNA
8 hours ago
- Business
- CNA
EU lawmakers call for tighter controls on foreign ownership of key ports
There are growing calls from European lawmakers to tighten controls on foreign ownership of the bloc's critical transportation infrastructure. Chinese firms own stakes in more than 30 European ports and some EU officials see this is as a security concern. William Denselow reports.
Zawya
10 hours ago
- Business
- Zawya
Egypt: Canal Shipping extends operation deal for 2 storage yards at Safaga Port
Arab Finance: Canal Shipping Agencies has extended its contract with the Red Sea Ports Authority for managing and operating two cargo storage yards at Safaga Port to 10 years for each one, according to a bourse disclosure. The company inked a partnership agreement with the Suez Mechanical Stevedoring Company on October 8 th, 2023, to operate the two yards in exchange for a percentage of the general revenue. A total of 80% of the revenues will be allocated to the Red Sea Ports Authority, while the remaining 20% will be directed to the two companies. The previous agreement included seven years for operating the general cargo and vehicle storage yard, with an area of 24,320 meters, and five years for the hazardous materials yard, with an area of 5,140 meters. Furthermore, the minimum for managing and operating the two yards has been reduced to 32.700 million instead of 85 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
News24
a day ago
- Climate
- News24
Thursday's weather: Damaging waves in two provinces but fine and cool for rest of SA
Damaging waves, which may lead to disruptions in ports, are expected in parts of the Western Cape and the Eastern Cape; however, according to the South African Weather Service (SAWS), it will be fine and cool for most regions. Impact-based warnings Damaging waves causing difficulty in navigation and the risk of coastal users being swept off rocks are expected along the coast between Saldanha Bay and Plettenberg Bay until Saturday morning. ⚠️Yellow level 2 warning: Damaging waves Affected area: Western Cape Validity period: 18 to 21 June 2025. #saws #weatheroutlook #southafricanweather — SA Weather Service (@SAWeatherServic) June 18, 2025 Damaging waves causing localised disruptions to ports, harbours, and beachfront activities are expected along the coast between Plettenberg Bay and Port Alfred. Yellow level 2 warning: Damaging winds & waves Affected area: Eastern Cape Validity period: 20 June 2025, 00:00 until 23:59 SAST #saws #weatheroutlook #southafricanweather — SA Weather Service (@SAWeatherServic) June 18, 2025 In the SAWS' colour-coded weather warning system, yellow indicates a moderate risk of impact that requires caution and awareness, while orange indicates that higher-risk impact is expected, requiring increased attention and preparation. SAWS uses the numbers to indicate the likelihood of weather-based impacts occurring. Levels 2 and 6 are high, and Level 4 is low. Advisories Very cold conditions with maximum temperatures of 10°C and below are expected in the interior of the Western Cape and the Namakwa district of the Northern Cape until Friday. The weather in your province Gauteng: Fine and cool. Pretoria: 05 °C — 22 °C Johannesburg: 03 °C — 21 °C Vereeniging: 04 °C — 22 °C Mpumalanga: Fine and cool, warming up partially in the Lowveld by the afternoon. Mbombela: 07 °C — 22 °C Ermelo: 04 °C — 19 °C Emalahleni: 06 °C — 20 °C Standerton: 05 °C — 20 °C Skukuza: 13 °C — 26 °C Limpopo: Fine and cool to warm, with some partial cloudiness in the Lowveld. Polokwane: 07 °C — 23 °C Phalaborwa: 14 °C — 26 °C Tzaneen: 10 °C — 23 °C Musina: 13 °C — 26 °C Lephalale: 09 °C — 25 °C Mokopane: 09 °C — 23 °C North West: Morning fog patches in the western parts but clearing for a fine, windy, and cool day. Klerksdorp: 04 °C — 21 °C Potchefstroom: 04 °C — 21 °C Mahikeng: 05 °C — 22 °C Rustenburg: 07 °C — 22 °C Vryburg: 03 °C — 22 °C Free State: Foggy in the northwest during early hours, transitioning into fine, windy, and cool to cold conditions. Bloemfontein: 01 °C — 18 °C Welkom: 03 °C — 19 °C Bethlehem: 03 °C — 16 °C Northern Cape: Fog patches in the morning, becoming fine and cool to cold. Southern high-ground regions will experience very cold temperatures. Coastal wind will shift from light to moderate north-westerly to moderate south-westerly or southerly in the afternoon. Upington: 02 °C — 19 °C Kimberley: 01 °C — 19 °C De Aar: 01 °C — 13 °C Alexander Bay: 07 °C — 20 °C Springbok: 04 °C — 15 °C Calvinia: 02 °C — 14 °C Sutherland: 00 °C — 10 °C Western Cape: Fine in the northeast, while it'll be partly cloudy and cool to cold in other regions with isolated showers expected in the southwest. Coastal wind will move from fresh to strong westerly and later to north-westerly. Cape Town: 11 °C — 16 °C Vredendal: 07 °C — 19 °C Riversdale: 06 °C — 18 °C George: 10 °C — 17 °C Worcester: 07 °C — 16 °C Beaufort West: 04 °C — 16 °C Oudtshoorn: 05 °C — 16 °C Western half of the Eastern Cape: Fine and cool to cold conditions across much of the area. Morning frost is likely in the northeast, with coastal regions seeing partly cloudy skies. Coastal wind starts light to moderate north-westerly and transitions to moderate to fresh south-westerly. Eastern half of the Eastern Cape: Fine and cool conditions dominate, with colder temperatures and morning frost in the north. Coastal wind will flow light to moderate westerly and turn north-easterly later in the day. Gqeberha: 09 °C — 19 °C Makhanda: 06 °C — 18 °C Cradock: 02 °C — 17 °C Graaff-Reinet: 03 °C — 18 °C East London: 10 °C — 19 °C Port St Johns: 12 °C — 21 °C Mthatha: 04 °C — 18 °C Komani: 01 °C — 17 °C Qonce: 05 °C — 19 °C KwaZulu-Natal: Interior regions may experience fog patches in the morning, followed by partly cloudy and cool to cold conditions. Coastal and adjacent areas may see isolated showers and rain. Coastal wind will stay light to moderate, oscillating between northerly and north-easterly directions. Durban: 14 °C — 22 °C Richard's Bay: 15 °C — 22 °C Pietermaritzburg: 05 °C — 19 °C Ladysmith: 02 °C — 22 °C
Reuters
6 days ago
- Business
- Reuters
Chinese firms in talks to join group to buy Li Ka-shing's ports, Bloomberg News reports
June 12 (Reuters) - Chinese ports operator China Cosco Shipping Corporation is among the firms in talks to participate in a global consortium seeking to buy 43 ports from billionaire Li Ka-shing-owned CK Hutchison ( opens new tab, Bloomberg News reported on Thursday. CK Hutchison said last month that Mediterranean Shipping Company, run by the family of Italian billionaire Gianluigi Aponte, was the main investor in a group seeking the portfolio of ports, which includes two near the Panama Canal, for $22.8 billion. Negotiation for the deal that covers 43 ports in 23 countries is on an exclusive basis between CK Hutchison and the consortium for 145 days until July 27. Adding Chinese investors to the consortium emerged as one of the options after high-level talks in Switzerland last month between Chinese and U.S. officials, the Bloomberg report said. China Cosco Shipping Corp is among the state-backed companies in talks with the consortium run by the Aponte family, the report said. CK Hutchison and China Cosco Shipping didn't immediately respond to Reuters requests for comment. Reuters could not immediately verify the report. The deal has been through weeks of global scrutiny and criticism in China and the U.S. over CK Hutchison's plan to sell the ports to a consortium, previously led by U.S. investment firm BlackRock (BLK.N), opens new tab. BlackRock remains part of the group.
Bloomberg
7 days ago
- Business
- Bloomberg
Chinese Firms In Talks to Join Group to Buy Li Ka-Shing's Ports
China's largest shipping company is among the firms in talks to invest in a multinational consortium seeking to buy billionaire Li Ka-shing's global ports, according to people familiar with the matter, in an effort to ease Beijing's concerns over the controversial deal. China Cosco Shipping Corp. is one of several Chinese state-backed companies in discussions with the consortium led by Italian billionaire Gianluigi Aponte's Terminal Investment Ltd. on matters including how they might participate in the port deal, the people said, asking not to be identified discussing private information. The buying group also includes US firm BlackRock Inc. and its Global Infrastructure Partners unit.
