The Philippine Ports Authority (PPA) has entered into an agreement with Haikou's Port and Shipping Authority to become sister ports and work together to improve services in respective areas of jurisdiction.
China’s Yangshan deepwater port in Shanghai is set to expand its annual throughput handling capacity with the addition of seven new berths in December, reports said.
China’s Xiamen Port Development has entered into a deal to purchase 75% equity interest in Shishi City Huajin Terminal Storage and Transportation Co (Shishi Huajin) at a price of approximately RMB204.51m ($31.96m).
China Merchants Port Holdings has inked a deal to purchase a controlling stake in Brazil’s TCP, marking the Chinese group’s business expansion to the Latin America region.
A recovering economy helped China Merchants Port Holdings to a 9% rise in first half throughput to 50.2m teu, from 46.1m teu previously, which in turn led to a 9% rise in pre-tax profit contribution from the core ports segment of HKD5.9bn ($754m) and accounting for 79% of total profits.
Stolt-Nielsen says its facilities in Houston are undamaged by Hurricane Harvey although access is closed.
The Maritime & Port Authority of Singapore (MPA) and IBM have completed trials of the first three modules of a system using data analytics aimed at improving port volumes.
The Chinese port of Shanghai has recorded an increase in container handling volumes in July compared to the year-ago period, according to statistics from the Shanghai International Port (Group) Co (SIPG).