China Communications Construction Company (CCCC) has announced that three wholly-owned subsidiaries are going to set up a joint venture with Shanghai Shenzhen Heavy Industries (ZPMC) for port operation and investment.
The Port of Rotterdam Authority is teaming up with IBM for a multi-year digitalisation plan to transform its operations with the Internet of Things (IoT).
DP World has inked a memorandum of understanding (MOU) with renewable energy firm Masdar to collaborate on clean energy solutions for the port operator’s portfolio of ports and freezones in the Middle East and Africa.
China Merchants Port Development (Shenzhen) Company (CMPDS) has entered into an agreement to subscribe to a 60% equity interest in Shantou Ports Group (SPG) at a consideration of RMB5.43bn ($787.1m).
The Manila container terminal of International Container Terminal Services Inc (ICTSI) saw box throughput touched a record high of 2m teu for the period of 1 January to 6 December 2016.
Shanghai International Port (Group) Co (SIPG) has posted softer profit in the first half amid the overall weak global shipping market and slowing growth of China’s economy, the port operator said.
Container terminals operator Cosco Pacific Limited has proposed to change its name to Cosco Shipping Ports Limited, following its parent firm China Cosco Group’s merger with China Shipping Group.
Port operator Cosco Pacific is benefitting from its diversification policy and has managed to turn in a 6.4% rise in throughput to 7.85m teu across all its ports in March from 7.38m teu in the previous corresponding period.
Port operator Cosco Pacific is succumbing to the ongoing downturn in the container shipping industry, with a 3.5% drop in throughput in February to 4.9m teu compared to 5m teu in the previous corresponding period and accelerating from a 0.7% fall in January.