Cosco Shipping Ports has announced a plan to acquire shares in Qingdao Port International Co by way of both equity interest transfer and cash.
China Merchants Group (CMG) has formed a multi-party joint venture to invest in Djibouti International Free Trade Zone, expanding from the group’s existing interest in the port of Djibouti and helping to promote the country’s economic development.
Container throughput at the port of Singapore has come up to 30.9m teu in 2016, similar to 2015 amid challenges of poor global economic conditions and lower trade volumes.
China’s Zhonggu Shipping Group Co and Ying Kou Port Group Corp have inked an agreement on Thursday on deepening cooperation in the areas of big data and logistics business.
South Korea’s Busan Port Authority (BPA) has outlined its budget allocation for 2017, with the bulk going to port construction and a focus on keeping expenses in check.
The Maritime and Port Authority of Singapore (MPA) has issued bunker survey licences to 51 companies, following the port authority’s new licensing requirements starting 1 January 2017.
Singapore, the world’s largest bunkering port, will enforce the use of mass flow meters (MFM) for bunkering operations from 1 January 2017, making it the first port in the world to mandate the use of such fuel measuring device.
Port people get terribly frustrated at the obstacles that arise whenever they announce their well thought out development plans. Inevitably there will be furious objections by local interests, environmental lobbies and the public in general, heralding years of argument, planning inquiries and judicial reviews, all racking up huge costs before any work dare begin.