COSCO SHIPPING Ports Limited (”COSCO SHIPPING Ports” or “CSP”) yesterday (2.1.2019) announced that it has subscribed for 70,943,455 shares of Beibu Gulf Port Co., Ltd. (“Beibu Gulf Port”) for a total consideration of approximately RMB 470 million, through China Shipping Terminal Development Co., Limited, a subsidiary of the Company. The shares accounts for approximately 4.34% of Beibu Gulf Port’s total issued shares. By subscribing the shares, COSCO SHIPPING Ports aim to further strengthen the...
COSCO Shipping Ports
COSCO launches the largest container freight station in the Middle East
COSCO SHIPPING Ports Limited (“COSCO SHIPPING Ports” or “CSP”), a leading port operator in the world, on Dec. 10 held the inauguration ceremony for the CSP Abu Dhabi Terminal ( the “Terminal”) with Abu Dhabi Ports during a high-level event at the Khalifa Port, Abu Dhabi.
The Terminal was formally inaugurated at a ceremony at Khalifa Port attended by:
His Excellency Ning Jizhe, Deputy Director of China’s National Development and Reform Commission (“NDRC”), His Excellency He Jianzhong, Deputy...
http://container-news.com/cosco-container-freight-station-middle-east/
COSCO, Abu Dhabi Ports Open New Terminal at Khalifa Port
COSCO Shipping Ports and Abu Dhabi Ports inaugurated today CSP Abu Dhabi Terminal at Khalifa Port.
https://worldmaritimenews.com/archives/266410/cosco-abu-dhabi-ports-open-terminal-at-khalifa-port/
Cosco-PSA Terminal JV to Launch Two New Berths
COSCO SHIPPING Ports and PSA Corporation will add two new berths at their JV terminal in Singapore.
https://worldmaritimenews.com/archives/265251/cosco-psa-terminal-jv-to-launch-two-new-berths/
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...
COSCO Shipping Ports’ Profit, Revenue Jump in 3Q
COSCO Shipping Ports witnessed a rise in profit, as revenue surged in the third quarter of 2018.
https://worldmaritimenews.com/archives/263548/cosco-shipping-ports-profit-revenue-jump-in-3q/
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...