As informed, CAM has been bought for USD 315.72 million.
CAM owns a fully integrated logistics service business, Neptunia and Triton Transport. The logistics division offers services in activities related to foreign trade, product storage and distribution, as well as freight services that facilitate development and implementation of industry-specific projects, according to DP World.
In addition to the maritime and logistics services offered by Cosmos Group, it also has a 50% stake in Terminales Portuários Euroandinos, in the Port of Paita (Peru), which is the second largest container terminal in the country.
Commenting on the acquistition, Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: “This acquisition supports our recent strategy of extending our core business into complementary sectors.”
“The acquisition not only extends our footprint in Latin America, a region which we believe has significant growth potential but importantly adds to our existing presence Peru, where we already operate a container terminal in the port in Callao,” Bin Sulayem further said, adding that the recent move will allow the company to offer the option of alternative container capacity.
In a separate announcement, DP World also informed that Hindustan Infralog Private Limited (HIPL) acquired a 90% stake in Continental Warehousing Corporation (Nhava Seva) Ltd (CWCNSL), an integrated multimodal logistics player in India. It is the first investment of HIPL, the recently created investment vehicle between DP World and the National Investment and Infrastructure Fund (NIIF) to invest up to USD 3 billion in ports, logistics and related sectors.
(marine crane;offshore crane)
OUCO Marine/Offshore 360 degree full rotation Slewing hydraulic marine stiff boom crane
This kind of fixed boom crane is designed for general cargo handling and service onboard ships and offshore units. The cranes are available in various range and can be supplied according to customer requirements. The stiff boom cranes can be delivered within a broad range of certifications and numerous optional features. Stiff boom cranes, the boom type is fixed, are typically used in dock, on fixed installations and in harbor conditions with its stability. OUCO Marine/Offshore Stiff boom cranes are with low cost, easy operation and high efficiency on different working conditions.
In certain situations a stiff boom crane even has a superior ability to reach over obstructions such as fences or walls where other cranes may fail.
Not only are the important moving parts of the stiff boom protected inside the machinery, they are also less strained when lifting a load, as energy goes to its winch first, then to the lift cylinder, and then the actual crane structure.
Typical Applications: Service cranes, Hose handling cranes, Container and cargo handling cranes.