COSCO Shipping Ports (CSP) and Abu Dhabi Ports have held today the official inauguration ceremony for the CSP Abu Dhabi Terminal at the Khalifa Port, informs CSP. The high-level event was attended by officials from China and UAE as well as by senior management of both port operating companies. CSP Abu Dhabi Terminal is the […]
COSCO Shipping Ports Ltd and PSA Corporation signed a memorandum of understanding yesterday to add two new berths at the COSCO-PSA Terminal (CPT) in Singapore. The launch of the two new mega-vessel berths will increase CPT’s annual handling capacity from 3 mln to about 5 mln TEU and will strengthen CSP’s presence in Singapore and […]
Cosco Shipping has suggested a solution to the US officials with regards to the Long Beach Container Terminal in order to get their permission for the OOCL acquisition, The Wall Street Journal informs. In July 2017, the Chinese state-run Group offered to buy Hong Kong’s Orient Overseas International Ltd (OOIL), the parent company of OOCL […]
The European Union and Italian authorities are investigating a large-scale tax fraud by Chinese criminal gangs importing goods via the port of Piraeus, South China Morning Post informs. The news comes as the port’s majority stakeholder, China’s state-run company Cosco Shipping Ports faces problems in the USA with the takeover of Orient Overseas International Lines […]
Navis, part of Cargotec, has entered into a subscription agreement with Cosco Shipping Ports Ltd. (CSP) for the Navis N4 terminal operating system (TOS), informs Cargotec Corporation in its press release. With the help of Navis N4 CSP aims to further enhance the efficiency of its port operations. The Chinese CSP is one of world’s […]
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 […]
Spain’s leading logistics and port operating group Noatum announced several important changes last week. First, the new management team has arrived in Spain to head Noatum Ports. As we wrote earlier, COSCO Shipping Ports Ltd acquired 51% of Noatum Ports in June 2017. The transaction involved the container terminals in Valencia, Bilbao, Zaragoza and Madrid. […]
APM Terminals and Hong Kong-based COSCO Shipping Ports Ltd, a subsidiary of China COSCO Shipping Corporation Ltd, have agreed on the sale of APM Terminals’ 76% shares in the APMT Zeebrugge container terminal in Belgium to COSCO Shipping Ports, informed APMT yesterday. Currently, APM Terminals owns 51% in the facility, therefore, it has been agreed […]
