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Last Year Chinese Companies Invested $20 Billion in Ports

July 24, 2017 12:05 am Published by

In the year ending June 2017, Chinese companies, including Cosco, spent $20 billion purchasing overseas ports. This was double the amount they invested in the same period a year earlier. China’s shipping investments are driven by a long-term push for …

chinese investment china

Indonesia’s Investment Increased Container Shipping Activity

July 18, 2017 12:05 am Published by

Despite previously being "under-served" by container shipping lines, Indonesia's strengthening economy and transport investment is increasing container shipping activity in the country.

Although Indonesia boasts the largest economy in Southeast Asia, the World Bank ranked the country below the region’s …

indonesia shipping industry

USA Revives South and Southeast Asia Infrastructure Projects

May 22, 2017 12:05 am Published by

The United States has revived two major infrastructure projects in South and Southeast Asia, the ‘New Silk Road’ project, and the Indo-Pacific Economic Corridor. Both projects could potentially counter China’s Belt and Road initiative and involve India as a major …

united states maritime officials

KAMCO Take Possession of 20 Ships Worth US$344 Million

May 11, 2017 12:05 am Published by

South Korea’s debt clearing house – Korea Asset Management Corp. (KAMCO), is set to take possession of 20 shipping vessels worth 390 billion won ($344 million). The vessels are currently owned by six Korean shipping firms, including SM Line Corp., …

hanjin korean shipping line

MPC Container Ships Raised $100 Million For Container Ships

April 18, 2017 12:05 am Published by

The container shipping industry is witnessing a recovery, with freight rates above 2016 levels and charter rates trending upward in the first quarter of 2017. To address the rising demand, MPC Capital has established MPC Container Ships and raised $100 …

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Greece Wants Better Offers For Thessaloniki Majority Stake

April 17, 2017 12:05 am Published by

Greece has asked for better financial offers from the three companies bidding for a majority stake in the port of Thessaloniki. Parties interested in the country’s second-largest container hub include P&O Navigation (DP World), International Container Services, and Terminal Link …

shipping industry greece