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Chinese terminals merge

Cosco Shipping Ports has entered into a merger agreement with Tianjin Port Holdings and China Merchants International Terminals, according to media reports.

The organisations will merge their respective container assets at Tianjin, including: Tianjin Port Container Terminal Company (TCT), Tianjin Five Continents International Container Terminal Company (FICT) and Tianjin Orient Container Terminal Company (TOCT).

The agreements aim to reduce operational costs, unify management processes and optimise operations. All of the terminals will operate under the TCT banner.

ports.coscoshipping.com/en/

Heavy Lift | News

Vangard in office move thumbnail image

Vangard in office move

July 18 - Chennai-based Vangard Logistics has relocated to larger premises within the city.
Views: 188
Cargolux calls at Incheon thumbnail image

Cargolux calls at Incheon

July 17 - Cargolux Italia has launched a Boeing 747 service between Milan Malpensa Airport, Italy and Incheon, South Korea.
Views: 314

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