China has inked the cooperation agreements with eighteen Middle Eastern and North African countries to jointly develop the Belt and Road Initiative, including Saudi Arabia, Yemen, Jordan, United Arab Emirates, Oman, Kuwait, Qatar, Egypt, Algeria, Sudan, Morocco, Libya, Somali and Tunisia and others.
Political and financial interests remain at loggerheads over the future China's Cosco Shipping’s investment plan for Piraeus, one of the leading Mediterranean leading container ports.
Adriatic Gate Container Terminal (AGCT), the Croatian subsidiary of International Container Terminal Services Inc. (ICTSI) at the Port of Rijeka, is set to realise a comprehensive expansion plan in the period up to mid-2020.
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.