Tag: China

DP World sues China Merchants Port over Djibouti

Doraleh container terminal

DP World continues to protect its rights in the dispute with the Djibouti government over the Doraleh Container Terminal (DCT), which was illegally seized by the government in February 2018. Now DP World has taken legal action against China Merchants Port Holdings Co. Ltd (CM Port) for building an international free zone on the DCT area. […]

Gdansk opens trade office in Shanghai

port of gdansk

The Port of Gdansk, Poland, opened a trade office in Shangahai, informs Polish news agency The First News. Being the port’s first presence in China, the office will coordinate cooperation and reinforce contacts with Chinese companies. The opening ceremony took place during the 13th China International Logistics and Transportation Fair (CILF 2018) held on 11-13 […]

COSCO ready with cash to invest in Piraeus

Cosco-managed Piraeus Port Authority (PPA) urges the Greek government to speed up the approval of the investment plan aimed at attracting more business to Greece’s largest port, informs Reuters. The news agency quotes Captain Fu Chengqiu, PPA CEO, saying last Friday: “I am ready with cash and will wait until the end of this year. […]

Walvis Bay’s new container terminal soon to complete

Walvis Bay’s new container terminal

The construction of the new container terminal at the Walvis Bay port in Namibia is 85% finalized with the full completion scheduled for June 2019, says the statement of African Development Bank Group. Supported by a loan of ZAR 2,982 mln (about USD 300 mln) from the African Development Bank, which accounts for 87.6 % […]

China slashing coal imports, port projects under question

import coal restrictions

China has approved an extended 3-year programme aimed to decrease the coal consumption in 82 cities by year 2020 by 5-10% as compared to the 2016 level, the Russian business newspaper Vedomosti informs. This may lead to a significant drop in coal prices by 2020-2021. The average coal price in the first 6 months of […]

China finalises talks on Kyaukphyu port in Myanmar

Kyaukphyu port

Myanmar is negotiating with a Chinese consortium to develop a deep-sea port in Kyaukphyu (Rakhine state, western Myanmar) on the Bay of Bengal as part of the planned Kyaukphyu Special Economic Zone (SEZ), informs Xinhua. The negotiation between Myanmar’s Commerce Ministry and the China International Trust and Investment Corporation (CITIC) is expected to reach an […]

China Merchants Port expanded onto 6 continents

Newcastle Container terminal

China Merchants Port Holdings Company Ltd (CMPort) completed the transaction to acquire the Port of Newcastle, the largest port on the east coast of Australia and the world’s leading coal export facility. Forming the company’s first investment in the Oceania region, it signifies that CMPort has achieved a full coverage of the six continents. Following […]

Will China’s free-trade ports become a game changer in Asia?

free-trade ports

China’s plan to create free-trade ports as part of its ongoing reform and opening up could be one of the major announcements that President Xi Jinping is expected to make at Boao Forum for Asia (BFA) this week-end, South China Morning Post informs. BFA is often called Asia’s Davos and will take place on Hainan […]

Cosco Shipping Ports new leader among GTOs?

Cosco Shipping Ports

The Chinese port operator Cosco Shipping Ports (CSP) has finished year 2017 with a 12.6% rise in the throughput across its overall terminal portfolio, up to 87.312 mln TEU from 77.572 mln TEU in 2016. This signals CSP’s potential to become the largest global terminal operator displacing Hutchison Ports from the #1 position. Hutchison Ports […]

China launches world’s largest automated container terminal (video)

Yangshan automated port

 Yangshan Deep Water Port in Shanghai, the largest automated container terminal in the world, started its trial operations on 10 December 2017, informs China Daily. The facility was launched right according to the schedule announced earlier this year. Phase 4 of the Yangshan Port will have the capacity of 4 mln TEU once it […]

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