Maersk-owned global port and terminal operator APM Terminals and Aqaba Development Cooperation signed a Memorandum of Understanding (MoU) for a 15-year extension of their partnership in the Aqaba Container Terminal (ACT) in Jordan.
According to the deal signed last week, the two partners will invest US$242 million in the box terminal to maintain its strong position in the Levant region and accelerate net zero plans of ACT.
At a forum following the signing, Keith Svendsen, CEO of APM Terminals, introduced the key aspects of the company’s future vision for the Aqaba port, which include decarbonisation plans, the modernisation and expansion of ACT, the development of a training center for individuals working in the maritime and logistics sectors, and ongoing support for Jordan's goal of becoming an export hub for green energy.
“To reinforce our long-term commitment to Aqaba and to Jordan’s 2030 Economic Modernization Vision, we have developed a meticulous plan for enhancing Aqaba’s competitiveness both regionally and globally including a net zero emission target for 2040 - the only port in the region with such,” he said.
According to a recent announcement, on-site solar will completely eliminate the terminal’s carbon footprint and the zero-carbon terminal will become the heart of Aqaba’s future logistics eco system.
In addition, relocating customs closer to the port is expected to optimise clearance processes and directly connect to Aqaba Logistics Village where increasing trade opportunities will reach the wider economy.
"Bringing together agents and shippers will also ensure faster goods distribution," pointed out APM Terminals.
APM Terminals also aims to develop a Centre of Excellence for the logistics and maritime industry, which will improve the skills of the sector’s current and future professionals.
In modern logistics, delays are no longer viewed as mere inconveniences. They can result in significant financial losses, including reduced revenue, dissatisfied customers, increased warehousing costs, disrupted production schedules, and damaged business reputation
From July 1–4, 2026, Glotrans is participating in MTA Vietnam 2026, one of Vietnam's leading international exhibitions for precision engineering, manufacturing, and supporting industries, held at the Saigon Exhibition and Convention Center (SECC), Ho Chi Minh City.
As sustainability continues to gain importance across global business operations, Green Procurement is becoming a key consideration in sourcing strategies and supply chain management
On August 1, 2026, Glotrans Da Nang had the honor of participating in the 2nd Da Nang Business Connecting Day – 2026, organized by the Da Nang Young Entrepreneurs Association at Muong Thanh Grand Quang Nam Hotel
Recently, Glotrans participated in the Vietnam International Logistics Exhibition (VILOG 2026), held at the Saigon Exhibition and Convention Center (SECC) in Ho Chi Minh City.
With nearly two decades of establishment and development, Glotrans has always believed that people are the foundation of a company’s sustainable strength. Therefore, team bonding journeys are valuable opportunities for employees to connect, share, and recharge for the road ahead.
The shipment of food additives was transported in container No. FCIU3301688 (20’), under B/L MPRSMUM1806, on the voyage from Nhavasheva Port (India) to Dinh Vu Port (Hai Phong, Vietnam) on 29/04/2017.
Company T (Plaintiff – the Insured) entered into an insurance contract with Company B (Defendant – the Insurer). After the insured event occurred, the Insurer alleged that the Insured had violated its obligation to prevent and mitigate losses. The Arbitral Tribunal acknowledged that such an obligation exists but concluded that the Insured did not breach it.
Under the insurance contract, the premium was to be paid in three installments, and in all three, the insured party was late in payment. When a dispute arose, the insurer (Defendant) argued that the insurance contract had terminated before the insured event occurred due to the late premium payment and therefore refused to make an insurance payout. However, the Arbitral Tribunal held a contrary view.
