Trade at the Port of London rose 11% last year to exceed 50m tonnes for the first time since 2008, reports the Port of London Authority, with volumes of oil, containers and building materials all showing marked improvement. The strong result follows several years of 2-3% growth.
A seaport project proposed by the Zamboanga City Special Economic Zone and Freeport Authority (ZamboEcozone) in the Philippines' troubled southern region has been granted funding for a feasibility study, the Public-Private Partnership (PPP) Center was reported as saying by local media.
Cosco Shipping Ports and CMA Terminals Holding have signed a memorandum of understanding (MOU) in Shanghai to reinforce their strategic cooperation on port operations and investments.
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.