European Commission President Jean-Claude Juncker’s 13 September call for “investment screening” has raised new concerns in Athens as the country battles to meet the demands of its European creditors through the privatisation of state-owned commercial organisations.
Pacific International Lines (PIL) boss SS Teo says that being “alliance neutral” gives it the advantage of flexibility as it remains one of the few major container lines that is truly independent.
Cosco Shipping Ports (CSP) continued with its strong pace of growth in August, with overall throughput going up 13% to 7.7m teu from 6.8m teu in the previous corresponding period.
With China Development Bank (CDB) and the Greek Public Power Corporation (PPC) set to sign a cooperation agreement which could be worth many tens of million of dollars, China’s has sought to stress the economic and social benefits of investment cooperation between Chinese and Greek companies as they have been cited as a source of concern for some Western countries.
Despite falling rates in the international oil shipment market, Cosco Shipping Energy Transportation's “big cooperation with big customers” strategy utilised in its domestic shipping, helped it to an RMB865m ($131.4m) first half profit even though revenue fell 8% to RMB4.9bn.
The rise in international trade, the inauguration of the Ocean Alliance and THE Alliance, and the launch of mega-vessels increased calls at hub ports, and resulted in good performance at Cosco Shipping Ports (CSP).
Cosco Shipping Ports (CSP) posted strong growth across the board in July, with volumes rising 17% to 7.7m teu from 6.5m teu in the previous corresponding period.
Cosco Shipping Ports announced that the restructuring of Dalian Port is practically completed with the merger of all related parties previously operating 14 container berths now coming under one entity, Dalian Container Terminal (DCT).