Industry Sectors:Port & Logistics

Port & Logistics

China’s Shanghai International Port (Group) Co (SIPG) has achieved improved earnings for 2016, with Shanghai port retaining its crown as the world’s busiest container port.
Kalmar has received an order for 21 forklifts, five empty container handlers, and four reachstackers for the New Port Project (NPP) in Qatar. 
Cosco Shipping Ports (CSP) saw 2016 net profit drop by 43% to $247m from $429.3m previously on almost flat revenue, which saw a 1.1% rise to $556.4m from $550.2m previously.
Greece has received three binding bids for a majority stake in Thessaloniki, its second-largest port, as the state tries to privatise parts of its infrastructure to meet bailout terms.
China’s National Development and Reform Commission (NDRC) announced that seven more international container lines have agreed to comply with the Chinese authorities’ request to lower their terminal handling charges, adding…
Xiamen Port Development has appointed a contractor to build two new berths at its Gulei Port Development project.
Shipping logistics firm SITC International Holdings Company has posted lower full year profit in 2016 compared to the previous year.
Singapore-based Wee Tiong Holdings, a relatively newcomer into the republic’s bunkering market, is mulling to further enlarge its bunker tanker fleet after securing charters for all of its recently acquired…
Cosco Shipping International (Hong Kong) Co has reported a fall in annual net profit on the back of the downturn in the international shipping industry marked by lingering oversupply.
Singapore’s PSA International (PSA) posted a dip in profit while container handling volumes rose in 2016 compared to the previous year.