Four major Chinese ports have been found violating the anti-monopoly law: Shanghai International Port (Group) Co. Ltd., Tianjin Port (Group) Co. Ltd., Qingdao Port (Group) Co. Ltd. and Ningbo Zhoushan Port Co. Ltd. On 15 November 2017, China’s National Development and Reform Commission (NDRC) held a press conference, where Meng Wei, an NDRC spokeswoman, told […]
The Hambantota Port Development, a China Merchants Port Holdings (CMPort) project on the southeast coast of Sri Lanka, has stalled at the Framework Agreement stage, reports Sri Lankan News First. According to the report, the Chinese Ambassador Yi Xianliang said “No progress” when questioned yesterday, October 1, on the completion dates of the project. The […]
China’s Hebei Port Group Co., Ltd. intends to invest into development of the port infrastructure in the Russian Far East. The Group plans to construct a grain terminal in Primorsky Krai (Primorye region), informs TASS news agency. The terminal will become part of the supply chain of grain transportation from Heilongjiang province in the North […]
On 4 September, during the 2017 BRICS summit in Xiamen, China Merchants Port Holdings (CMPort) signed the share purchase agreement with TCP Participações S.A. (TCP) to acquire a 90% stake in TCP, the joint-venture that operates the port of Paranaguá, Brazil, informs the Group. The disclosed purchase price is 2.89 bln Brazilian reals (USD 925 […]
In December, the Yangshan Deepwater Port in Shanghai will start operating 7 new berths with depths of 15m, boosting Shanghai’s annual handling capacity up to 40 mln TEU and thus confirming its status of the world’s busiest container port, writes South China Morning Post. According to a press officer of Shanghai International Port Group, Yangshan […]
Chinese port operator China Merchants Port Holdings (CMPort) has announced the acquisition of an 85% stake in Hambantota Port at Sri Lanka for USD 974 mln. The Concession Agreement to develop, manage and operate the port has been reached between the company, the government of Sri Lanka, Sri Lanka Ports Authority (SLPA), Hambantota International Port […]
Hamburg port community strongly opposes the results of the 5-months international ideas competition initiated in January 2017 by the Hamburg Port Authority (HPA) with the view to develop the 42-hectare area Steinwerder-Süd. The competition has been won by China Communications Construction Company (CCCC) with the project to construct a container terminal in that central port […]
Chinese COSCO Shipping aggressively invests in ports and logistics hubs, writes Nikkei Asian Review and tells about its recent acquisitions of the Spanish port operator Noatum and an inland logistics hub in Khorgos, Kazakhstan. Whereas the Noatum deal has been widely highlighted in the media, including Port.Today, the deal with Kazakhstan’s terminal passed largely unnoticed. […]
The very first fully automated container terminal in Asia – Qingdao New Qianwan Container Terminal (QQCTN) – was officially put into operation last Thursday, 11 May 2017, by handling its first containership COSCO France of 13,386 TEU capacity. The automated phase 4 of the Port of Qingdao in East China’s Shandong Province has the designed […]
Greek Prime Minister Alexis Tsipras is expected to sign a three-year agreement with China attracting investment to the country’s port and shipping infrastructure, during his visit at the Belt and Road Forum for International Cooperation, inform Greek media. The Forum will be held in Beijing on May 14-15, with the attendance of 28 state leaders, […]
