Abu Dhabi Ports and China Cosco Shipping subsidiary, Cosco Shipping Ports, have inaugurated the $300m CSP Abu Dhabi Terminal at Khalifa Port in the UAE, an investment that ties the emirate into Beijing’s Belt and Road Initiative (BRI).
On Monday, the Panama Canal saw the transit of its 5,000th neo-panamax vessel through the waterway, reaffirming the value and impact the route has had on global maritime trade.
Cosco Shipping Ports (CSP) is adding two more berths to its joint venture terminal in Singapore with PSA Corp.
China and Greece intend to use the shipping industry to expand relations between the two with China's Transport Minister, Li Xiaopeng saying his country made the geo-strategic choice to strengthen bilateral economic and trade cooperation with Greece.
The Piraeus Port Authority (PPA) reported record profits for the first half of the year, and though the upward trend continues the Cosco Shipping-controlled port company's ceo warned official foot-dragging is holding back development plans.