CSP’s Abu Dhabi Terminal’s cumulative throughput exceeds 5 million TEUs
ABU DHABI : On July 5th, (COSCO SHIPPING Ports)CSP’s Abu Dhabi Terminal surpassed 5 million TEUs in throughput. Since its opening in December 2018, the terminal has launched
Cosco Shipping Ports reports 4.4% YOY increase in total throughput for 2023
SHANGHAI : Chinese state-owned ports logistics company Cosco Shipping Ports Limited reported a 5.8% year-on-year increase in profit for 2023, standing at USD 324.5 million. The company’s annual
China widens trade highway in South America with new mega port project
BEIJING : In September, a group of Brazilian farmers and officials arrived in the Peruvian fishing town of Chancay. The draw: a new Chinese mega port rising on
COSCO SHIPPING Ports reports over 35 million TEUs and US$360 million revenue in third quarter
SHANGHAI : COSCO SHIPPING Ports’ total throughput increased by 4.1% year-on-year to 35.6 million TEUs in the third quarter of 2023, while, the equity throughput increased by 2.7%
Eyebrows raised at China’s state-owned players’ increased stakes in European Ports
FRANCE : Chinese companies hold investments in some 31 container seaport terminals in Europe and the Mediterranean as of end-August, reflecting the increased activity by China’s state players
Germany approves COSCO investment in Hamburg container terminal
HAMBURG : The German government has finally approved the acquisition of a minority stake in Container Terminal Tollerort (CTT) by COSCO Shipping Ports. The Chinese port operator will
COSCO Shipping Ports boosts first quarter profits with flat container volumes
SHANGHAI : 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,
COSCO Shipping Ports exceeds 130 million TEUs in 2022, reports annual revenue of US$1.4 billion
SHANGHAI : COSCO SHIPPING Ports, a global port operator, released its annual results for the fiscal year that concluded on 31 December 2022. The Chinese port giant said
Cosco Shipping Ports invests in Egypt’s Ain Sokhna container terminal
SHANGHAI : Cosco Shipping Ports announced its investment of a 25% stake in a new container terminal at Egypt’s Ain Sokhna Port. The company has signed project agreement
COSCO SHIPPING Ports buys stakes in two Xiamen firms
SHANGHAI : COSCO SHIPPING Ports confirmed the completion of the acquisition of 56% of the equity interest in Xiamen Haicang Free Trade Port Zone Company and 30% of