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Port & Logistics

Xiamen International Port Co reported flat first half net profit of RMB125.80m on a 31.6% rise in revenue to RMB1.87bn from RMB1.42bn in the previous corresponding period.
Port Klang terminal operator Northports needs to raise MYR1bn ($299m) for its expansion, and is deciding between going to the stock market or using islamic bonds or sukuk, ceo Abi…
Cosco Pacific saw interim net profit spike to $560.29m from $178.93m previously on its last share of profit from CIMC and a bumper $393.41m extraordinary gain from the disposal of…
Kuantan Port will become known as Malaysia's Eastern Gateway, and offering the most direct route between Malaysia and China, will boost bilateral trade and investment with China when its expansion…
Brasil Terminal Portuario (BTP), the newest terminal at the Port of Santos, Brazil, began operations with the arrival of 2,600 teu MSC Challenger, on the Gulf service, the first container…
China's restrictions on allowing the large 400,000 dwt dry bulk carriers to call at its ports could be relaxed as the government starts consultation on revising port safety regulations.
Insurance provider ITIC has warned ship agents of a series of illegal immigration scams, which risk exposing them to severe financial losses and fines.  
Pirate-controlled Naham 3, a fishing vessel thought to contain hostages from the sunken Albedo, has been moored at a Somali Beach in the Galmudug region.
Peel Ports has chosen Farrans Construction to carry out GBP9m($14m) upgrade words on Gladstone Lock, at the Port of Liverpool.
German-owned bulk carrier Kiani Satu, which ran aground off Buffels Bay in South Africa, has sunk after being towed 110nm out to sea.
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