COSCO and PSA to expand Singapore terminal

Singapore, 21 November 2018 – COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP”) and PSA Corporation Limited (“PSA”) signed a memorandum of understanding today for the addition of two new berths at the COSCO PSA Terminal (“COSCO PSA Terminal” or “CPT”) in Singapore.

With the launch of the two new berths, CPT will be equipped with five mega-vessel berths, increasing its annual handling capacity from 3 million TEUs of the current three berths to about 5 million TEUs. The new berths...

http://container-news.com/cosco-psa-expand-singapore-terminal/

COSCO and Navis launch a partnership

Navis, a part of Cargotec Corporation and provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the shipping supply chain, announced a new partnership with COSCO Shipping Ports Limited (CSP), creating a joint Center of Excellence (CoE). Launched in September 2018, the center will deliver dedicated Navis and CSP resources for N4 implementation projects across COSCO Shipping Ports’ portfolio of assets and...

http://container-news.com/cosco-navis-launch-partnership/

COSCO Ports’ growth continues

Revenue Surged by 62.6%
Net Profit Increased by 11.8%

COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP” or the “Company”, SEHK: 1199), the world’s leading ports operator, yesterday (Oct. 30) announced third quarter results of the Company and its subsidiaries (the “Group”) for the three months ended 30 September 2018.

2018 Third Quarter Results Highlight

  • Revenue surged by 62.6% to US$253.0 million
  • Gross profit increased by 33.5% to US$75.8 million
  • Net profit rose by 11.8% to US$75.1...

http://container-news.com/cosco-ports-growth-continues/

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