Cosco Pacific continued to see container throughput rise in June with overall volumes rising 4.5% to 7.96m teu, led by good growth in its overseas terminals and the rapidly growing Southwest Coast and Southeast Coast ports, but dragged down...
PSA Corporation (PSA) has inaugurated the PSA Living Lab in Singapore for the port and logistics industry, with close to SGD100m ($73.6m) committed to the initiative over the next three years.
PSA Singapore (PSA) has invested in 22 new battery-powered automated guide vehicles (AGVs) for its container terminals, bringing the fleet to 30 units.
Container terminals operator Cosco Pacific Limited has proposed to change its name to Cosco Shipping Ports Limited, following its parent firm China Cosco Group’s merger with China Shipping Group.
China’s Tianjin Port Development Holdings has reported decreased earnings for the financial year ended 31 December 2015 due to its slowing sales business.
Major Chinese port operator Cosco Pacific saw 2015 full-year net profit rise by 30% to $381.6m on the back of a writeback of provisions on the disposal of its stake in China International Marine Containers. Without the extraordinary gain however...
Singapore’s PSA International has reported lower earnings in 2015 amid a challenging container shipping market hit by decreased demand and oversupply of capacity.
APM Terminals is preparing to open soon the new deepwater semi-automated 1.2m teu Lazaro Cardenas Terminal 2 (TEC2) project, representing an overall investment of $900m.