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A fund managed by Australia’s IFM Investors has agreed to buy a 63.9% stake in Associated British Ports (ABP), the UK’s largest port operator.

Each ship will have a capacity of 24,000 TEU, adding a potential 480,000 TEU to MSC’s orderbook if the deal is confirmed.

Australia-based IFM Investors has agreed to acquire a controlling stake in Associated British Ports (ABP), the UK’s largest port operator, in a deal that values the company at approximately £10...

China’s first 10,000-ton electric containership is beginning sea trials. The shipyard is billing the ship as the largest of its kind and a further breakthrough in short-sea shipping. […]
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