by admin | Jun 13, 2023 | News
Three security officers at Wuhu Shipyard were killed when strong winds caused a gantry crane to topple onto a security post in the Chinese shipyard. A press statement released by Anhui Province’s Emergency Management Department said that in the incident on 10 June,...
by admin | May 5, 2023 | News
Cosco Shipping Ports achieved a year-on-year increase of 11.2% in its gross profit for the first quarter of the year, reaching US$89.9 million. At the same time, the company’s Q1 revenue decreased by 0,5% year-on-year, falling to US$328 million. For the same...
by admin | May 5, 2023 | News
The overall container volume of major Chinese ports rose 3.5% year-on-year from January to March reaching 69.7 million TEUs. For the same period, the overall cargo volume of the Chinese ports climbed to over 3.8 billion tons translating to a year-on-year growth of...
by admin | Apr 22, 2023 | News
German container shipping company Hapag-Lloyd has finalised the acquisition of a 40% stake in J M Baxi Ports & Logistics Limited (JMBPL). In January 2023, Hapag-Lloyd reached an agreement for the takeover of the Indian shipping firm’s shares with an...
by admin | Apr 22, 2023 | News
In a major blow to its growth ambitions, DP World’s flagship Vallarpadam Terminal in Cochin Port, touted as India’s first transhipment hub, suffered significant traffic declines in the fiscal year 2022-23 that ended on 31 March, according to new data...
