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PSA Corporation (PSA) has inaugurated the PSA Living Lab in Singapore for the port and logistics industry, with close to SGD100m ($73.6m) committed to the initiative over the next three years.

PSA Singapore (PSA) has invested in 22 new battery-powered automated guide vehicles (AGVs) for its container terminals, bringing the fleet to 30 units.

The Lumut Maritime Terminal (LMT), which is owned by Perak Corp and Malaysian utility provider Tenaga Nasional, plans to build a new port on the shores of Sungai Dinding near Sitiawan, ceo Mubarak Ali Gulam Rasul was reported by local media as saying.

DP World has launched a new education scheme to engage 8-14 year olds in ports, trade and logistics.

DP World recorded a 3.7% increase in global container volumes handled in Q1 2016, to 15.5m teu, however, it saw a 5.9% drop in its home base in the UAE.

Sri Lanka’s Colombo port is eyeing a 10% rise in container throughput in 2016 over the previous year, relying heavily on transhipment cargoes, according to Tissa Wickramasinghe, general manager of commercial and marketing at Colombo International Container Terminals.

Hutchison Port Holdings Trust (HPH Trust) has achieved a significant increase in net profit for the first quarter ended 31 March 2016, thanks to a government rent and rates refund.

China Merchants Holdings (International) (CMHI) has proposed to change its name to China Merchants Port Holdings, in view of its focus on ports and port-related businesses.

Maersk-owned towage and salvage specialist Svitzer has signed a contract with Damen for four Azimuth Tractor Drive (ATD) 2412 tugs, as part of a fleet renewal programme. 

Dalian Port Company has posted lower net profit for 2015 compared to the previous year due mainly to a fall in throughput, despite improved revenue.

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