Cosco Shipping Ports (CSP) has signed an investment agreement with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau to develop a port supply chain platform and warehousing business.
Containership owner Seaspan Corp is moving ahead with an investment plan that could see it rescuing bankrupt Singapore offshore player Swiber Holdings.
China’s President Xi Jinping has visited Italy and held discussions with Prime Minister Giuseppe Conte on strengthening the co-operation between the two countries, including the spheres of trade and maritime.
His Excellency (H.E.) Dr Nabel Bin Mohammed Al Amudi, Minister of Transport of the Kingdom of Saudi Arabia (KSA), today, inaugurated the second Saudi Maritime Congress with a Keynote Ministerial Opening Address to highlight the importance of the show, the growing KSA economy and the goals of Vision 2030 to drive sustainable growth and development in the nation.
The important place of the shipping industry and its participants in Greece’s overall economic picture as the country struggles to climb out of financial crisis was again evident when financial powerhouse PricewaterhouseCoopers (PwC) recently presented a study on mergers and acquisitions in Greece in 2018.
China Cosco Shipping Corporation has officially established Cosco Shipping Investment (Dalian) with an aim to invest in and develop new businesses in Northeast China.
Cosco Shipping Ports and Peruvian mining company Volcan Compañía Minera have entered into the subscription and investment agreement with Terminales Portuarios Chancay (TPCH), the Chinese company’s first investment in South America.
South China province Fujian plans to invest RMB85 billion in transportation sector and focus on cross-strait traffic upgrading. RMB8bn ($1.17bn) of the fund will be used for shipping and port development.
Saudi Arabia’s maritime sector is set to receive a much-needed boost with a generous allocation of SAR3bn ($8.8bn) for the energy, industry, mining and logistics sectors in its recently announced budget for 2019.