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UTA expands cashless refuelling network
MOSCOW: June 19, 2018: Union Tank (UTA) has expand...

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CMA CGM acquires Finnish shortsea operator
MARSEILLE: June 20, 2018. CMA CGM is to acquire Co...

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Turkish Cargo helps cherry exporters
OSLO: June 20, 2018. Turkish Cargo has begun deliv...

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FedEx makes US$6.6 billion Boeing order
SEATTLE: June 19, 2018. FedEx Express has announce...

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Breakbulk Europe 2018 smashes attendance record
BREMEN, Germany: June 18, 2018. Breakbulk Europe s...

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DHL Freight goes green with LNG trucks
BONN, Germany: June 18, 2018: DHL Freight has cont...

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Brussels Airport gearing up for 60th birthday bash
BRUSSELS: June 18, 2018: This year sees Brussels A...

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Jet Airways takes off under RCS
ALLAHABAD, India: June 14, 2018. Jet Airways has c...

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Panalpina continues Latam expansion with Newport buy
BASEL, Switzerland: June 15, 2018. Panalpina has c...

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UTA expands cashless refuelling network
CMA CGM acquires Finnish shortsea operator
Turkish Cargo helps cherry exporters
FedEx makes US$6.6 billion Boeing order
Breakbulk Europe 2018 smashes attendance record
DHL Freight goes green with LNG trucks
Brussels Airport gearing up for 60th birthday bash...
Jet Airways takes off under RCS
Panalpina continues Latam expansion with Newport buy

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Noatum Ports MalagaHONG KONG: August 29, 2017. COSCO Shipping Ports has reported a first half 2017 (H1) net profit of US$384.7 million on revenue of US$275.8 million that includes a one-off gain of US$285.4 million from the sale of its shares in Qingdao Qianwan Container Terminal.

At the same time COSCO completed the acquisition of an 18.4 percent stake in Qingdao Port International to "further optimize the value of its terminal portfolio in the Greater China region and enhance its management and operational efficiencies".

During H1, throughput of the group's container terminals increased 11.8 percent to 41,780,867 TEU of which 19.3 percent was handled by subsidiaries and 80.7 percent attributable to its joint ventures.

According to the China Container Industry Association, container terminal traffic in China increased 8.8 percent to 115,000,000 TEU year-on-year.

The acquisition of a 51 percent stake in Spain's Noatum Port Holdings, with interests in Bilbao, Valencia, Malaga (pictured) and Las Palmas plus two railway terminals in Madrid and Zaragoza, Is expected to complete in the second half 2017.

COSCO Ports said the purchase would extend its overseas network that already includes Port Khalifa in Abu Dhabi and the Piraeus Terminal in Greece supported by the container fleet of COSCO Shipping and the OCEAN Alliance.

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