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CPEC Received $62 Billion in Chinese Grants and Soft Loans

September 7, 2017 12:05 am Published by

China and Pakistan have long hailed each other as “all-weather friends”, or “iron brothers,” as close as “lips and teeth." The mutual bond between the two countries has been described as "higher than the Himalayas, deeper than the deepest ocean, …

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15 Piers And Terminals Saw Cargo Tonnage Rise 12 Percent

September 5, 2017 12:05 am Published by

Philadelphia’s 15 piers and terminals on the Delaware River has seen more containerized freight arriving. In July 2017, overall cargo tonnage rose 12 percent, while freight arriving in 20- and 40-foot metal containers increased 15 percent, compared with the same …

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China Merchants Will Buy 90% Stake in TCP Participações S.A

September 4, 2017 12:05 am Published by

China Merchants Port Holdings will purchase a 90 percent stake in TCP Participações S.A, the operator of the port of Paranaguá – Brazil’s second largest container terminal, for 2.89 billion Brazilian reals (US$920 million). The deal is China Merchants Port’s …

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Shipping Lines Choosing to Lease Containers Over Purchasing

August 31, 2017 12:05 am Published by

According to a report by Drewry, competitive pressures are having an adverse effect on lease rates following a rise in ownership of container equipment by lessors. The expansion of container leasing companies’ container inventory has coincided with ocean carriers cutting …

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Continuous Growth of Economic Activities Around The World

August 30, 2017 12:05 am Published by

In the first half of 2017, the global economy continued its recovery momentum from the second half of 2016. The economic indicators of the second quarter this year indicated continuous growth of economic activities around the world. 

The Purchasing Managers’ …

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Fairview Container Terminal Completes $200 Million Project

August 29, 2017 12:05 am Published by

DP World’s Fairview Container Terminal celebrated the completion of a two year, $200 million project to expand its annual container handling capacity to 1.35 million TEUs from 776,412 TEUs. The project, which added three Malacca-max cranes to Fairview’s operation, allows …

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