Cosco stake in Hamburg’s CTT stirs unease over Chinese influence in ports Cosco Shipping Ports (CSP) has been allowed a minority stake in Germany’s Container Terminal Tollerort (CTT), one of operator HHLA’s three container terminals in the port of Hamburg....
China Q3 growth a blip: Covid still a drag on productivity and recession looms China has announced better-than-expected GDP growth for Q3, helped by “resilient” exports. However, with President Xi cementing his grip on power with a record third five-year term...
N Europe port congestion eases as demand falls and strikes and holidays end A combination of improved labour availability, due to the end of the school holidays and a reduction in Asian imports, has eased congestion at North Europe’s container hubs. Moreover, a...
Shipping must have ‘well-to-wake’ emissions standards, says WSC The World Shipping Council (WSC) has stressed the need for the shipping industry to focus on well-to-wake emissions, if it is to achieve its decarbonisation ambitions – which are set to be...
Cathay Pacific Cargo carbon-offset programme Fly Greener set for take-off Cathay Pacific has introduced a carbon-offset programme, Fly Greener, to allow customers to offset their carbon emissions through projects in the Far East and Indian Subcontinent. The cargo...
With Q2 profits of $1.34bn, Zim says it can safely sail through any downturn Israeli carrier Zim posted a net profit of $1.34bn for the second quarter, for an interim H1 result of $3bn, and believes it can navigate any downturn in the liner markets. The carrier...
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