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 increased by 2.2%year on year to 64,572,872 TEUs,equity throughput increased by 1.3%year on year to 20,751,365 TEUs. Also,revenue decreased by 2.2%year on year to US$688.9 million,while gross profit also decreased by 2.0%year on year to US$193.8 million. Share of profits from joint ventures and associates decreased by 4.1%year on year to US$153.6 million.Profit attributable to equity holders of the Company decreased by 15.4%year on year to US$150.3 million Finally,declared...
A potential strike and protests by cargo truck drivers on roads across Mexico has been postponed after the Mexican Alliance of Carrier Organizations reached an agreement with authorities. The threat of a nationwide strike and protests by cargo truck drivers in Mexico has been postponed after federal authorities showed a willingness to listen to the truckers’demands,according to officials from the Mexican Alliance of Carrier Organizations(AMOTAC). AMOTAC had scheduled demonstrations across the country for Tuesday and Wednesday,aiming to spotlight issues affecting truck drivers:cargo theft and violence,higher operating costs,complicated vehicle regist...
Ships in the Singapore Strait. Andrew Merry|Moment|Getty Images It’s been a slow summer for shipping routes from Asia to Europe and beyond—and hopes of a traditional peak season when holiday orders are imported are fading. As firms making goods from apparel to electronics hold excess stock,there’s less of a demand to ship products.This means some vessels are waiting in ports because of sailings being“blanked,”or canceled. MSC,the world’s largest container company,canceled last week’s voyage of the 366 meter long MSC Deila from Asia to northern Europe due to“slowing demand”on the route,it said on its website. The ma...
The Port of Savannah acquired four Super Post-Panamax ship-to-shore cranes on 24 August increasing the crane fleet at Garden City Terminal to 34 machines following the retirement and recycling of four older cranes. The all-electric cranes were designed by Konecranes of Finland and came on the vessel BigLift Barentsz. When fully assembled,two of the cranes will stand 90 meters tall and the other two will be 93.2 feet tall.The cranes'reach will be 22 and 24 containers wide,respectively. The taller cranes will be delivered at Garden City Terminal's Berth 1,while the others will be placed at the terminal's upriver end,at Berth 9.&nbs...