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Tags COSCO SHIPPING PORTS

Tag: COSCO SHIPPING PORTS

COSCO Shipping Ports announced decreased revenue for first six months of 2023

COSCO Shipping Ports Limited announced interim results of the Company and its subsidiaries for the 6 months ended 30 June 2023. More specifically, total throughput...

Germany approves COSCO investment in Hamburg container terminal

The German government has finally approved the acquisition of a minority stake in Container Terminal Tollerort (CTT) by COSCO Shipping Ports. The Chinese port operator...

COSCO Shipping Ports boosts first quarter profits with flat container volumes

Cosco Shipping Ports achieved a year-on-year increase of 11.2% in its gross profit for the first quarter of the year, reaching US$89.9 million. At the...

COSCO Shipping Ports achieves slight container growth in March

COSCO Shipping Ports reported that its total throughput in March 2023 increased by 0.6% year-on-year with the trend turning positive and showing a general...

COSCO Hamburg terminal deal in doubt after Germany’s second thoughts

Germany will reevaluate its decision to allow COSCO Shipping Ports to purchase a 24.9% stake in Hamburger Hafen und Logistik AG (HHLA) Container Terminal...

COSCO SHIPPING Ports exceeds 130 million TEUs in 2022, reports annual revenue of US$1.4 billion

COSCO SHIPPING Ports, a global port operator, released its annual results for the fiscal year that concluded on 31 December 2022. The Chinese port giant...

COSCO Shipping Ports invests in Egypt’s box terminal

COSCO SHIPPING Ports Limited (CSPL) has announced its investment in 25% of the equity in Sokhna New Container Terminal, Egypt. On 15 March, Zhao Fengnian,...

COSCO SHIPPING Ports buys stakes in two Xiamen firms

COSCO SHIPPING Ports confirmed the completion of the acquisition of 56% of the equity interest in Xiamen Haicang Free Trade Port Zone Company and...

COSCO SHIPPING Ports reports box volume drop in January

COSCO's port operating subsidiary, COSCO SHIPPING Ports saw its total container throughput decrease by 10.3% in January, compared with the same month last year. In...

COSCO SHIPPING Ports boosts revenue and profit in 2022 first half

COSCO SHIPPING Ports (CSP) has reported strong financial results in the first half of 2022, while the port/terminal operator's container volumes slightly increased in...
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