Cosco Shipping Ports Limited and Peruvian mining company Volcan have signed an agreement Monday in Lima to build the $3bn Chancay Multipurpose Port Terminal.

China’s top port equipment manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) has signed a contract with Anaklia Development of Georgia to supply 12 wholly-electric rubber tyre gantries (RTG) for Port of Anaklia.

Shanghai Shipping Maritime Technology, a wholly-owned subsidiary of Cosco Shipping Shanghai branch, opens up a new ship repair base in Zhoushan, Zhejiang province.

With a single tweet from President Trump, the flames of the US and China trade war had rekindled and rattled the global economy.

Damen Shipyards Group has sold one its built to stock tugboats to German owner Neue Schleppdampfschiffsreederei Louis Meyer.

Shanghai International Port Group (SIPG) is setting up a multi-model transportation joint venture with Cosco Shipping, National Railway Administration and China Railway Container Transport to improve transportation service capability and efficiency. 

Brazil’s Port of Açu and the Chinese Port of Guangzhou have signed a Co-operation Agreement aiming to share best practices, port operation information and management, as well as strengthening investment and business development co-operation.

China’s Guangzhou port signed co-operation agreement with Port of Rotterdam Authority to establish sister-port relationship.

Brexit has opened the floodgates for the UK Ship Register (UKSR) – in the wrong direction. At the beginning of the year, the UK-flagged fleet stood at around 16.5m gt. Today, it stands at 10.9m gt.

Global logistics solutions provider, Pangaea Logistics Solutions, inked contract with Chinese shipbuilder Guangzhou Shipyard International (GSI) to build two post-panamax 95,000 dwt dry bulk carriers plus options for two more vessels.