The move would enable Panalpina to considerably increase its size and fend off future takeover attempts, but was not well-received by investors
Agility is bullish on growth as e-com demand rises and it looks to emerging markets in Africa.
Kuwait Public Authority for Roads and Transportation wants a budget of US $59-million for the advisor.
The first phase of the project will create a new line to Nuwaiseb on the Saudi border and a 153km line linking Kuwait City with Boubyan Port.
A team of workers had surrounded the area in which the camels would be offloaded, but the last one fell off the ship into the water.
The ships were launched during a ceremony held at the headquarters of the Kuwaiti Naval Force in the presence of Lieutenant General Mohammad Al-Khodr, Chief of the General Staff at Kuwait Armed Forces and Dr. Khaled Al Mazrouei, CEO of ADSB.
The Panamax size floating dock will boost the regional ship repair and ship building industry and was described by Marafi as a “quantum leap” for the shipyard.
Kuwait Oil Tankers Company (KOTC) has signed a contract worth a reported US$ 79.7 million to have a new VLCC class oil tanker built as part of its ongoing fleet development programme.