China’s Qingdao Port and Africa’s Port of Djibouti Sign Partnership Agreement

The port of Djibouti and China’s Qingdao port have signed a partnership agreement in the Djibouti capital. The agreement, which was signed on Wednesday [13 April 2016] by Djibouti port’s director general Saad Omar Guelleh and the vice-president of Qingdao port Cheng Xinnong, aims to reinforce Djibouti port’s human resource capacities and logistical means. It

Western’s Guangdong’s Zhanjiang Port to Strengthen it Ties to Australia’s Dampier Port and Singapore’s Port

The Zhanjiang Customs District plans to enhance cooperation with its counterparts at Dampier port in [Western] Australia and Singapore in a pilot program to build alliances with overseas ports. Dampier is a main port for Australia’s iron ore exports and a key source of iron ore shipped to Zhanjiang, said Wang Kan, deputy chief of

The Coastal City of Zhanjiang, Guangdong Province, To Expand its Port Facilities as Part of China’s Maritime Silk Road Initiative

Zhanjiang, a coastal city in western Guangdong province, is planning to expand its port handling capacity to meet the growing trade demand between the city and countries and regions along the ancient Maritime Silk Road, a senior government official said. “We will build the Zhanjiang port into a major international shipping center as several local

Hutchison Port Holdings Trust, the Company at the Heart of the 2013 Hong Kong Dock Strike, Sold 60% of One of Its Hong Kong Terminals

Hutchison Port Holdings Trust (HPHT), partly owned by the second-biggest container port operator, sold 60 percent of a Hong Kong terminal company for HK$2.47 billion ($318 million). Hutchison Port will sell a 40 percent stake in Asia Container Terminals Holdings Ltd. to Cosco Pacific Ltd. (1199), it said in a statement to the Singapore stock

Shenzhen Set to Overtake Hong Kong as China’s Number 2 Container Port

Shenzhen port overtook Hong Kong by container volume in the first three quarters and is expected to be the world’s third-largest container port this year, National Business Daily reported Tuesday. Container flow through Shenzhen reached 17.28 million 20-foot equivalent units of containers in the first nine months, while Hong Kong handled 16.34 million TEU of

The Shanghai Shipping Exchange will Launch China’s First Dry Bulk & Oil Import Indices to the Ire of London’s BDI

The Shanghai Shipping Exchange will launch the country’s first dry bulk and oil import indices next week to track vessels carrying goods and energy to the world’s largest commodities consumer. The new dry bulk index would start on Wednesday based on strict price collection from charterers, brokers and ship-owners and focus only on China, exchange