Canada’s Public Sector Pension Investment Board, which bought out its co-shareholder in Forth Ports last week, has now sold a minority stake in the business to a number of long term investors including GLIL Infrastructure, First State Super, and Construction and Building Unions Superannuation.
Canada’s Public Sector Pension Investment Board is to buy out its fellow shareholder in Forth Ports Ltd, Arcus European Infrastructure Fund. After completion of the deal it plans to partner with other long term investors in the business.
DP World Southampton has set out a series of measures, including extended weekend opening hours, to deal with container congestion at the port which is says it affecting productivity.
The European Shippers’ Council has criticised the way the container shipping lines are planning to cover the higher rate of low sulphur fuel.
Plans by shipping lines to introduce a “sulphur surcharge” are “unjustified and blatant profiteering”, according to the British International Freight Association.