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Port & Logistics

The services unit of the giant Cosco group, Cosco International, posted a 44% drop in net profit for the first half to HKD130.92m ($16.9m) as the continued slowdown in the…
The first set of four gates that will be installed in the Panama canal’s new locks, have arrived in the country.
Taiwan's main sea port of Kaohsiung saw its container throughput improved in July over the previous month.
Ship operators are strongly advised to avoid crew changes at Egyptian ports, said P&I firm Skuld.
Iran is demanding a guarantee of $1m in exchange for the release of Indian tanker Desh Shanti, detained on allegations of marine pollution.
Panama-flagged, capesize bulk carrier Smart has now broken in two after grounding off Richard’s Bay in South Africa and suffering a structural failure.
Aegean Marine Petroleum Network has announced a profit of $5.5m for the second quarter, doubling 2012's $2.7m for the same period.
Iraqi shipping traffic has remained consistent despite a truck bombing at Iraq’s largest port of Umm Qasr on Saturday, an Iraqi official has said.
Hong Kong port's container throughput for July fell 3.7% to 1.93m teu, from 2.01m teu in July last year.
Maersk Group has announced its plans to establish a fifth core business unit, "Services and Other Shipping" by the start of 2014.
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