Cosco sells assets to offset losses and avoid delisting in Shanghai.
China Cosco, parent of Cosco Container Lines, has staved off an embarrassing delisting from the Shanghai Stock Exchange after managing to prevent a third straight year of loss-making through the sale of assets totalling CNY7.98 billion (US$1.3 billion).
China Shipping Development adds 1.92 million tonnes capacity this year
CHINA Shipping Development has revealed its 2013 operating report, according to which the company will seek to "change" and "innovate" this year to enhance its core competitive strength, Xinhua reports.
Sino-Russian-Korean shipping line moves 988 container in one year.
The container shipping line calling at China's Hunchun, Russia's Zarubino and South Korea's Sokcho has moved 988 containers since it started operation in March 2013.
Guangdong port quarterly boxes up 4.9pc to 11.37 million TEU.
GUANGDONG provincial ports posted a 4.9 per cent year-on-year increase in container throughput to 11.37 million TEU in the first quarter of the year, according to the Guangdong Statistics Bureau, reports Xinhua.
Fujian port container volume up 9.9pc to 3.83 million TEU in 4 months
Ports in southeastern China's Fujian province posted a 9.9 per cent year-on-year increase in provincial port container volume to 3.83 million TEU in the first four months of the year, reports Xinhua.
China's quarterly social logistics value up 8.6pc to US$7.64 trillion
China's first quarter logistics value nationwide increased 8.6 per cent year on year to CNY47.8 trillion (US$7.64 trillion), according to the China Federation of Logistics Purchasing (CFLP), though growth was 0.8 per cent lower, noted Xinhua.
Shandong coastal port box volume up 8.8pc to 7.57 million TEU in 4 months
COASTAL ports in eastern China's Shandong province posted an 8.87 per cent year-on-year increase in overall container volume to 7.57 million TEU in the first four months of the year, reports Xinhua.
Zhengzhou, China's fastest growing cargo airport, to test Leipzig as hub.
Zhengzhou airport, fastest growing air freight hub in China, has made an arrangement with Germany's Mitteldeutsche Airport Holding serving Leipzig.
Invitation for Regional Conference/Forum for Freight Forwarders, Multimodal Tran
CFCFA has received the invitation from UNESCAP for Regional Conference/Forum for Freight Forwarders, Multimodal Transport Operators and Logistics Service Providers to be held in Beijing, China on 20 June 2014.
Hong Kong's Modern Terminals celebrates its 100 millionth container.
Hong Kong's Modern Terminals Limited, opened the first purpose-built container terminal in Hong Kong in 1972, has welcomed the arrival of its 100 millionth TEU, the company announced.
