News Center-Sungreen Logistics

Cma CGM acquired the logistics division of Borusan in Turkey for 440 million US dollars

2025-04-29

CEVA Corporate Services, a subsidiary of CMA CGM Group, intends to acquire Borusan Tedarik Zinciri Cozumleri ve Teknoloji, the logistics division of the Turkish conglomerate Borusan, for 440 million US dollars.

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The United States has sanctioned three shipping companies that transport refined oil products for the Houthi armed forces

2025-04-29

The US Treasury Department imposed sanctions on three shipping companies that assisted the Houthi forces. After the licenses of the three ships expired, they still delivered refined oil products to the ports controlled by the Houthi forces.

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The latest response from the State Administration for Market Regulation to the Changhe Port transaction incident

2025-04-29

The State Administration for Market Regulation and all parties involved in Changhe Port transactions are not allowed to evade review in any way. Without approval, concentration shall not be implemented, otherwise legal responsibility will be borne.

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Byd's "Shenzhen" made its maiden voyage, the world's largest car carrier

2025-04-29

Byd's "Shenzhen" embarked on its maiden export voyage on the evening of the 27th, carrying over 7,000 BYD new energy vehicles from Taicang Port in Jiangsu Province to Itayay Port in Brazil. The voyage is expected to last for more than 30 days.

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Evergreen: Ships made in China are not on the US line

2025-04-29

Evergreen's fleet only has six 24,000 TEU large container ships built in China and none of them are on the US route. The rest of the ships built by China are all small ones, without economic scale and not placed on the US route.

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CMA CGM has obtained a 51% controlling stake in the Brazilian terminal operator

2025-04-27

CMA CGM has completed the first stage of its acquisition of the Brazilian multi-terminal operator Santos Brasil and currently holds a 51% controlling stake in Santos Brasil.

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The throughput was 83.03 million TEUs. The growth rate of freight volume in the first quarter was faster than that of the whole of last year

2025-04-27

In the first quarter, China completed 13.06 billion tons of commercial freight volume, increasing by 4.9% year-on-year. The growth rate was one percentage point faster than that of the whole of last year.

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An explosion occurred at the port of Shahid Rajah in Iran, causing casualties

2025-04-27

An explosion occurred at the port of Shahid Rajah in the southern Iranian city of Bandar Abbas, killing 14 people and injuring more than 750.

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Yantian Port released its 2024 annual report, with its net profit surging by 21.74%

2025-04-27

Yantian Port released its 2024 annual report, achieving operating revenue of 794 million yuan, a year-on-year decline of 11.16%, and a net profit attributable to the parent company of 1.349 billion yuan, a year-on-year increase of 21.74%.

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The chairman of the board of FESCO in Russia established a container shipping company

2025-04-27

Andrei Severilov, the former chairman of the board of the Russian Far East Maritime Transport Group (FESCO), has recently established a new container shipping enterprise named A7 African Cargo Lines LLC (referred to as A7 ACL).

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