South Korea’s Busan port has set itself an aim to handle 20m teu in 2017, improving from the 19.85m teu handled in 2016, according to Busan Port Authority (BPA).
Cosco Shipping Holdings Co has announced that it will send eight container vessels totaling 409,914 dwt to the scrapyard for a price of RMB212m ($30.9m).
Shanghai-listed Cosco Shipping Specialised Carriers has posted a sharp fall in net profit for 2016 compared to the previous financial year due to the sluggish shipping market.
The biggest threat facing the recovery in the container shipping market is the large amount of newbuildings set to be delivered this year according to consultants Drewry.
Cosco Shipping Ports has announced a plan to acquire shares in Qingdao Port International Co by way of both equity interest transfer and cash.
The long drawn-out privatisation process of the Greece’s second port, Thessaloniki is now in the home stretch, though it appears the February 14 deadline for the submission of bids will…