Search results for: Port of Poti

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  • 14 February 2020
    Business & Finance

    APM Terminals Poti re-initiates the process to get permits for a new deep-water port.

  • 14 February 2020
    Business & Finance

    APM Terminals Poti has officially re-initiated the process of obtaining the necessary permits with a firm intention to build the new deep-water multipurpose port in Poti, Georgia.  On February 11, 2020, APM Terminals submitted application to the Technical and Construction Supervision Agency to obtain the permit for land usage for construction of the new deep-water […]

  • 3 August 2010

    The port of Poti in Georgia is to receive investment of $500m from Ras Al Khaimah of the United Arab Emirates over the next four to five years. The money is being made available by the Rakia investment fund, which acquired a 100% stake in 2008 at a cost of $155m.

  • 5 February 2020
    Business & Finance

    APM Terminals Poti presented its plans to the Government of Georgia for the creation of a deep-water port.

  • 20 May 2019
    Business & Finance

    Acting President of the Overseas Private Investment Corporation (OPIC), Mr. David Bohigian, and representatives of the Pace Group, Mr. Joseph Dolidze and Mr. Irakli Tateishvili signed a $50 million loan agreement last week for development, construction and operation of a multifunctional marine terminal at the Georgia’s Port of Poti – Pace Terminal. According to a […]

  • 2 April 2013

    A heavy storm hit Black Sea coast on March 23, 2013. By the end of the day the power of the storm on the Georgian coast line reached the level of 6 points. This level of power kept during twenty-four hours. As a result of such a long-lasting strong wind-waves the water area of the […]

  • 3 June 2015
    Business & Finance

    Dutch-headquartered container terminal operator APM Terminals is proceeding with its plans to develop Georgia’s Poti Seaport into a mega-hub for the Caucasus and Central Asia region, APM Terminals Poti Deputy Managing Director Joseph Crowley said during the 4th Annual Black Sea Ports and Shipping Conference 2015. With the completion of the Inland Container Terminal last year, APM Terminals has […]

  • 5 February 2020
    Business & Finance

    APM Terminals Poti has presented its plans for the creation of a deep-water port to the Government of Georgia. The plans require an investment of over $250 million of private capital for phase 1 and a substantial amount for phase 2 in an extensive development of the port infrastructure and superstructure. “This investment in the […]

  • 23 January 2012

    Georgian bunker supplier JSC Wissol Petroleum Georgia has announced that it has installed Emerson flowmeters on board its bunker delivery vessel “Wissol Bunkering”. JSC Wissol Petroleum said that the digital flowmeters show actual temperature, density, kilogrammes and litres during the entire bunkering procedure. The data is then transferred electronically to port and customs authorities. JSC […]

  • 17 October 2014

    Lithuania has invited Azerbaijan to contribute to the development of the Baltic Sea-Black Sea corridor and the joint project of Lithuanian, Belarusian and Ukrainian railways – container train Viking at a meeting between the countries’ transport officials held earlier this week. The key topics discussed at the meeting included further development of freight transportation in East-West transport […]

  • 19 January 2012

    The United Nations Conference on Trade and Development (UNCTAD) released its annual Review of Maritime Transport report for 2011 in December, observing that the share of developing countries’ GDP in overall global economic output has jumped from 17% in 1980 to over 28% by 2010, with the growth trend projected to continue. The report also […]

  • 19 January 2012
    Business & Finance

    The United Nations Conference on Trade and Development (UNCTAD) released its annual Review of Maritime Transport report for 2011 in December, observing that the share of developing countries’ GDP in overall global economic output has jumped from 17% in 1980 to over 28% by 2010, with the growth trend projected to continue. The report also […]

  • 15 May 2012

    APM Terminals has announced that it will invest more than US$100 million to increase the capacity of the Poti Port over the next three years, Port Technology reports. The plans include the build of both new container and bulk cargo facilities and the deepening of the port’s harbor. This expansion will increase Poti’s capacity by […]

  • 15 May 2012

    APM Terminals has announced that it will invest more than US$100 million to increase the capacity of the Poti Port over the next three years, Port Technology reports. The plans include the build of both new container and bulk cargo facilities and the deepening of the port’s harbor. This expansion will increase Poti’s capacity by […]

  • 9 January 2019
    Business & Finance

    APM Terminals submitted a conceptual design for the first stage construction permit of Poti port expansion.

  • 8 January 2019
    Business & Finance

    APM Terminals Poti and Poti New Terminals Consortium have submitted a conceptual design for the first stage construction permit of Poti port expansion to the Ministry of Economy and Sustainable Development of Georgia. The designs include construction, development and operation of a new breakwater, 700 meters of quay wall for dry bulk, containerized and general […]

  • 15 January 2018
    Business & Finance

    APM Terminals Poti, Poti New Terminals Consortium sign agreement for a new bulk cargo terminal.

  • 15 January 2018
    Business & Finance

    APM Terminals Poti and Poti New Terminals Consortium have signed a Memorandum of Understanding (MOU) for a $100 million investment in a new bulk cargo terminal that can process 1.5 million tons of dry bulk cargo annually and generate new trade opportunities for customers in the Georgian transit corridor. According to the official statement, the […]

  • 23 May 2014
    Business & Finance

    APM Terminals Poti has completed a comprehensive engineering study to prepare the port master plan for the future needs of Georgia and the hinterland countries, Armenia and Azerbaijan. The study was triggered by the rapid increase of container throughput which will exceed port capacity by 2017. In 2013, total container throughput in Georgia was 405,000 […]

  • 3 June 2015
    Business & Finance, Equipment, Technology

    Speaking at the 4th Annual Black Sea Ports and Shipping Conference 2015 on May 29th, APM Terminals Poti Deputy Managing Director Joseph Crowley discussed the advantages of Poti Seaport as the prominent gateway for Black Sea, Mediterranean and Central Asian trade. “While recent World Bank economic growth forecasts for the broader Caucasus region have been […]

  • 19 April 2011

    In line with APM Terminals investment strategy in high growth markets, the company has announced the acquisition of an 80% share in Poti Sea Port, which is located on Georgia’s Black Sea coast. The shares have been bought from Ras Al Khaimah Investment Authority (RAKIA) of the United Arab Emirates. Strategically‐located, Poti Sea Port is the largest port […]

  • 23 May 2014
    Business & Finance, Equipment, Technology

    APM Terminals Poti has completed a comprehensive engineering study to prepare the port master plan for the future needs of Georgia and the hinterland countries, Armenia and Azerbaijan. The study was triggered by the rapid increase of container throughput which will exceed port capacity by 2017. In 2013, total container throughput in Georgia was 405,000 […]