NEWS
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Tianjin Port container volume increases 7.7pc to 9.12 million TEU
CHINA's Tianjin Port has handled over 9.12 million TEU of containers in the first five months of the year, up 7.7 per cent year on year, reports Xinhua.The port's cargo throughput exceeded 231 million tonnes from January to May 2023, representing a 2.4 per cent year-on-year growth, said T...
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OOCL quarterly revenues fall 63pc while liftings increase 1.3pc
HONG KONG's Orient Overseas Container Line (OOCL), now a Cosco unit, posted a 63 per cent year-on-year decline in second quarter revenue to US$1.97 billion while enjoying a 1.3 per cent increase in liftings in the same period.The discrepancy, according to a Hong Kong stock exchange filing, wa...
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Singapore's PSA takes 22pc of Germany's Duisburg Gateway
SINGAPORE's PSA International has agreed to acquire 22 per cent of Duisburg Gateway Terminal (DGT), the world's biggest inland port, reports New York's Journal of Commerce.Duisport was one of the main points for rail freight between China and Europe, the conduit for 95 per cent of all...
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