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...
by admin | Mar 30, 2023 | News
In early March, the Port of Long Beach and International Transportation Service (ITS) completed the US$55 million improvement project with the ITS terminal being capable of receiving larger container ships and enhancing efficiency. The Californian port extended Berth...
by admin | Mar 30, 2023 | News
The 30 busiest container ports in the world saw slower growth in 2022, as inflation and economic uncertainties capped consumer spending. Alphaliner’s recent report, released today (29 March), stated that volumes at the 30 busiest ports rose by less than 1%...
