China Railway Guangzhou Group Foshan Freight Center has signed co-operation agreements with 20 ports and shipping companies locally to jointly develop a regional rail-waterway multi-modal transportation network.
Cosco Shipping Lines, the container shipping arm of Cosco Shipping Group, has launched a Ulanqab-Moscow rail link through a cooperation with Neimenggu Asia-Europe International Logistics Company.
China’s southwest province of Sichuan signed Memorandum of Understanding (MoU) with the Port of Rotterdam to jointly develop China-Europe multimodal transportation via Chengdu-Tilburg railway link.
Shanghai International Port Group (SIPG) is setting up a multi-model transportation joint venture with Cosco Shipping, National Railway Administration and China Railway Container Transport to improve transportation service capability and efficiency.
Expanded Cosco Shipping Holdings remained in the black in 2018 with a RMB1.23bn ($183.4m) profit and both its container lines, Cosco Shipping Lines and Orient Overseas International Ltd (OOIL), were profitable and reported significant improvement.
There aren’t many things that both sides of the US political spectrum can agree on but the need to invest in domestic infrastructure one appear to be one of them.
Japanese container line joint venture Ocean Network Express (ONE) has inked a deal with Freightliner in the UK that will see signficant volumes of traffic shifted from road to rail.
DP World is expanding its facilities at the DP World Prince Rupert Fairview Container Terminal after agreeing with the Port of Prince Rupert on the terms of a project development plan that outlines the next phase of expansion at the terminal.