Shipping & Marine
COSCO to acquire 35% stake in German terminal
COSCO to acquire 35% stake in German terminal
Tollerort port terminal is located in the Port of Hamburg, Germany.
Tianjin Development profit grows to $264m in H1
This is up from $115m in the same period in 2020.
Merchandise trade to slow down in next months: report
Growth may be dragged by the spread of the Delta variant of COVID-19.
COSCO Shipping Ports profit attributable to shareholders up 85.2%
It plans to continue improving its 5G smart port as a part of its digital transformation.
Cargo throughput slips 2.9% in July: COSCO
This was driven by port congestion at some terminals.
Hong Kong exports rise 26.1% in June
Its total imports also went up 25.6% in the same month.
Exports grow 'strongly' by over 30% to $406.6b in June
The recent surge, however, may dampen recovery in some markets.
Hong Kong exports rise by 17.7% in May
Its total import also climbed 20.1%.
Cosco Shipping throughput in June fell 1% compared to last year
Meanwhile, its total throughput for the first half grew 7.9%.
COSCO, OOIL to see stronger growth in Q3: report
This comes after posting a record-high quarterly revenue and net profit in the second quarter.
HK port congestion likely to drive up freight rates
Container spot rates are at a new all-time high at the end of the second quarter.
Hong Kong exports sustain growth in May
The value of total exports increased 24% to $393.8b in May.
Hong Kong exports likely to grow 15% in 2021
The HKTDC reported export confidence rose for the 5th consecutive quarter.
Cargo throughput at HK ports dropped 14% in Q1
Total port cargo throughput amounted to 49.2 million tonnes during the quarter.
Spot freight rates sail to record high of 7%, after Suez Canal blockage
The rates are expected to reach even greater heights in the near term.
Customs seizes $2.7m suspected fake goods
The haul of contraband included branded shoes, handbags and watches.
COSCO Shipping sees positive growth in Q1, 2021
The company says its net profit will amount to over RMB15b.
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