COSCO

COSCO partners for the construction of the largest hinterland terminal

Duisburger Hafen AG (duisport) and COSCO Shipping Logistics came to an agreement on constructing the largest container terminal in the European hinterland, beginning with duisport withdrawing a coal island and build a trimodal container terminal in its place, called the ‘Duisberg Gateway Terminal’.

Piraeus’ port plans ready, awaits Gov’s approval

Reuters reports that Piraeus Port Authority boost its investment plans to lure more businesses. The majority of the port is owned by China’s COSCO shipping, who hopes to make Piraeus port into its gateway to Europe. 

Tianjin container terminals merge

COSCO Shipping Ports Limited announced that its two wholly-owned subsidiaries, COSCO Ports (Tianjin) Limited (CP Tianjin) and China Shipping Terminal Development Co., Ltd., entered into a merger agreement with Tianjin Port Holdings and CM Terminals, as of 30 June. 

Khalifa Port welcomes two of the world’s largest mega-vessels

CSP Abu Dhabi Terminal at Khalifa Port has received two of the world’s largest mega-vessels within less than a month. The two COSCO-owned ships, ‘SOLAR’ and ‘PISCES’, are the third and fourth main line vessels to pass through CSP Abu Dhabi Terminal.

COSCO announces completion of deal with Peru Port

COSCO Shipping Ports announced that the equity transaction of the project company responsible for its greenfield subsidiary at the Port of Chancay, Peru, is complete. The ceremony to highlight the transfer, attended President of Peru Martín Vizcarra and a number of high-ranking officials from the government, as well as Chairman of COSCO Shipping Corporation, Captain Xu Lirong.

COSCO Shipping International to expand business in Malaysia

COSCO Shipping International (Singapore) informed it is taking steps to expand its business in Malaysia by obtaining a lease of a piece of land in Port Klang and constructing a warehouse of approximately 300,000 square feet on the land for the Group’s operations.

Archaeology may forever halt Cosco’s Piraeus port plans

Cosco’s investment plan for the port of Piraeus may become history under archaeological threats. After a meeting that was conducted on April 2, Greece’s powerful Central Archaeological Council (KAS) struck a major blow to the Cosco-owned Piraeus Port Authority’s (PPA) $675m master plan by characterising a large part of Piraeus as an area of archaeological interest that must be protected.

COSCO Shipping Ports to create port supply chain project in Nansha

COSCO Shipping Ports announced that it signed an investment agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. The agreement regards the development of the first phase of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company.

ONE to operate four mega container berths at Port of Singapore

PSA Singapore has signed an agreement with the Japanese ocean carrier Ocean Network Express (ONE) during December. According to the agreement, ONE will operate four mega container berths in Singapore, cementing Singapore as a global maritime power.

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