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.
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.
A COSCO vessel, the Tian Xi, has arrived at the Port of Qingdao, China, having completed a journey through the Northern Sea Route, according to Chinese state media.
COSCO has announced that Zhang Wei has resigned as an Executive Director, Chairman of the Board and Managing Director of the Company.
Fu Gangfeng previously worked as Director and Group President of China Merchants Group Limited, concurrently as Chairman and Executive Director of China Merchants Port Holdings Company Limited as well as Vice Chairman of China Merchants Bank.
COSCO Shipping Ports, a subsidiary of China Ocean Shipping Corporation, has purchased a 40% stake in the Vado Gateway terminal, Italy.
COSCO SHIPPING has announced interim results of the Company and its subsidiaries for the semester ended June 2019.
COSCO, the third biggest container shipping line in the world, has signed a framework purchasing agreement with MacGregor, part of Cargotec, for MacGregor’s spare parts and service of equipment to be installed on its fleet operating worldwide.
According to a statement Navis, the terminal has selected its TOS platform to enhance operations and optimize data visibility within partners and customers.