Cosco Shipping Holdings, the container arm of the giant group formed from the merger of the Cosco and China Shipping groups, has reported a 27% rise in revenue for 2016 to RMB69.83bn ($10.12bn) from RMB55.15bn in the previous corresponding period...
China-focussed port operator Cosco Shipping Ports (CSP) still managed to turn in a 5.6% rise in overall throughput for February but has seen drops in its key Bohai Rim and Yangtze River Delta regions.
Privatisations have been a key plank of Greek international bailouts since 2010, but have reaped only EUR4bn ($4.23bn) so far versus an original target of EUR50bn due to political resistance and red tape.
Cosco Shipping Heavy Industry (CSHI) plans to close three of its five offshore shipyards.
Cosco Guangdong Shipyard has bagged an order for three containerships for a European owner.
The question of who actually owns Greece’s largest shipyard has come into question as the Athens government revives efforts, going on for some three years, to find investors interested in rejuvenating the country’s shipbuilding sector.
Cosco Shipping Ports started the year on a good note with overall throughput rising 7% in January to 8.38m teu from 7.83m teu in the previous corresponding period.
China-focussed Hong Kong-listed ports operator China Shipping Ports (CSP) has agreed to take a bigger stake in Qingdao Port International, the main operator at Port of Qingdao, through a combination of cash and a share swap, the company said in a...
Greek Prime Minister Alexis Tsipras, is heading the drive to muster up Chinese interest in the sale of Greece's two largest shipyards.
Orient Overseas Container Line (OOCL) was benefitted substantially from the collapse of Hanjin Shipping according to SeaIntelligence ceo Lar Jensen.