COSCO Shipping Ports (CSP), the biggest ports operator in the world, has announced a revenue increase increased by 0.7% in the third quarter (Q3) of 2019 compared with the same period last year, despite its gross and net profit falling.
China is utilizing 5G technology in its bid to become the world’s leading country in intelligent shipping, according to state media outlet China Daily, which quotes a report on the development of smart port development in the country.
A lorry driver is due to appear in court over the deaths of 39 people in a refrigerated container in the UK last week.
The Nigerian State of Lagos has announced it has signed a series of agreements with the China Development Bank (CDB) and the China Harbour Engineering Company (CHEC) to accelerate the building of the Lekki Deep Seaport.
There are fears that the refrigerated (reefer) container in which 39 people were found dead may have been used to smuggle more people into the UK after GPS data showed the lorry it was attached to had crossed the English Channel several times before the discovery of the bodies on Wednesday.
Duisburger Hafen AG (duisport) and COSCO Shipping Logistics have signed a deal to build the largest container terminal in the European hinterland.
Hong Kong-based port operator Hutchison Port Holdings (HPH) has committed an investment of US$240 million for the development of Pakistan’s Karachi port, according to the Prime Minister’s Office.
COSCO has had its US$672.9 million investment plan for the Port of Piraeus (PPA) approved by Greece’s Committee of Planning and Development of Ports.
The Port of Gwadar, Pakistan, the site of major economic cooperation between Islamabad and Beijing, has officially opened for commercial shipping and is expecting its first vessel on October 8, 2019.
China has finished work on its first unmanned ship research and development (R&D) testing base and plans to launch operations by the end of 2019, according to state-owned newspaper Economic Daily.
APM Terminals (APMT) has said the Moin Container Terminal (MCT), Costa Rica, has opened up a new direct service to Shanghai, China, after meeting all its initial productivity targets.