Cosco Shipping Development Co (CSDC) has entered into a multi-partnership agreement to look into investment opportunities in the logistics industry, capitalising on China’s One Belt One Road initiative.
Mitsui OSK Lines (MOL) has become latest shipping company to jump on the Blockchain bandwagon.
AP Moller-Maersk Group is expecting to take a $200-300m hit for its full year earnings in 2017 due mainly to lost revenue in July as a result of a crippling cyber-attack.
As sanctions against Qatar by neighbouring continue Milaha is setting up a warehousing and third party logistics operation in Oman.
UAE’s Abu Dhabi Ports (ADP) has signed a $300m investment cooperation agreement with China’s Jiangsu Province to strengthen economic ties in the free trade zone (FTZ) area in Khalifa port, as part of China’s One Belt One Road (OBOR) initiative.
DP World Australia has signed an agreement with Cosco Shipping Lines to be their stevedore on their services in Australia calling at terminals in Brisbane, Sydney and Melbourne.