China’s state-owned entities China Cosco Shipping Corporation Limited (Cosco Shipping) and China Baowu Steel Group have inked a comprehensive strategic cooperation.

Greencarrier Freight Services has set up an office in Polarbase in the Far North of Norway to service the oil and gas industry in the Barents Sea.

GAC has shaken up its Middle East operations after announcing a number of new managerial appointments at its Dubai head office. 

International Enterprise (IE) Singapore has signed a memorandum of understanding (MOU) with India’s Gujarat Industrial Development Corporation (GIDC) and Gujarat Maritime Board (GMB) to collaborate on manufacturing, logistics services and port technologies.

CMA CGM is aiming to develop its presence in the Algerian market with a cooperation agreement CNAN NORD.

As the competition for business gets more intense in the port sector, the dynamics are also changing and previously smaller players are angling to get a share of the pie.

Malaysian shipping company MISC has now totally exited the logistics business after completing the disposal of its entire stake in unit MISC Integrated Logistics (MILS) to Swift Haulage Sdn Bhd for MYR257.2m ($62m).

Chilean logistics company SAAM, has signed an agreement to acquire from the company Sociedad Portuaria Regional de Buenaventura (SPBRUN), which controls two concessions at Puerto Caldera, on the Pacific coast of Costa Rica.

Asia-Pacific’s logistics provider Toll Group will invest AUD170m ($130m) to construct two new purpose-built ships at a China’s Jinling Shipyard to support Bass Strait trade between Australia’s Victoria and Tasmania states.

China International Marine Containers (Group) Co (CIMC) has penned a strategic cooperation framework agreement with Global Logistics Properties Investment Management (China) Co (GLP China) to jointly develop logistics property business.

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