News Center-Sungreen Logistics

Guangzhou Port posted revenue of 6.762 billion yuan in the first half of the year

An increase of 5.10%, Guangzhou Port achieved revenue of 6.762 billion yuan in the first half of the year

2024-08-30

Guangzhou Port released its financial report for the first half of 2024, with an operating income of 6.762 billion yuan, an increase of 328 million yuan, or 5.10%; Net profit attributable to shareholders of listed companies was 605 million yuan, down

Learn More

Cosco's net profit in the first half of 2024 was 16.87 billion yuan

2024-08-30

In the first half of 2024, COSCO Offshore Control achieved operating income of 101.201 billion yuan, an increase of 10.19%. The total profit was 23.06 billion yuan, and the net profit was 19.255 billion yuan, of which the net profit attributable to t

Learn More

Indian port workers have agreed to call off a strike after an 8.5% pay rise

Indian port workers have agreed to call off a strike for an 8.5% pay rise

2024-08-29

Nearly 20,000 workers at India's major ports had threatened to go on indefinite strike from August 28, with the workers' union agreeing to an 8.5 per cent pay rise over five years, having initially demanded a rise of around 10.6 per cent. But the str

Learn More

Azerbaijan-operated oil tanker PRISMA has made its maiden voyage on the Northern Sea Route

2024-08-29

The oil tanker PRISMA, managed by an Azerbaijani company, is sailing on the Northern Sea Route, becoming one of the first tankers to sail along the route dominated by Russian shipping giant Sovcomflot.

Learn More

The Sounion that was attacked continues to burn and could become the largest oil spill in history

2024-08-29

The Greek-flagged crude oil tanker Sonion is still on fire in the Red Sea and there are signs that it is leaking oil. The ship is carrying more than 150,000 tons (1 million barrels) of crude oil, which would most likely rank among the largest Marine

Learn More

Currency news: How will the US rate cut affect the yuan?

2024-08-29

As the US cuts interest rates, Chinese companies are likely to sell $1tn of dollar-denominated assets, a move that could boost the renminbi by 10 per cent.

Learn More

Chittagong is clogged by floods, with imports and exports paralysed

2024-08-29

Flooding caused by persistent monsoon rains and rising rivers in Bangladesh has caused a sharp drop in container throughput at Chittagong and inland container depots, while the number of trucks carrying export cargoes has also dropped significantly.

Learn More

CMA CGM AIR CARGO launches the first air transpacific route

2024-08-29

CMA CGM AIR CARGO has launched its first trans-Pacific route with the first commercial flight from Hong Kong to Chicago, a new trans-Pacific route connecting Asia with North America.

Learn More

The container utilization rate is over 99%

The utilization rate of containers is over 99%, and there will be no empty containers available in October

2024-08-28

Drury said 2024 is expected to be the second-highest year on record for dry cargo container production, with manufacturers reporting full orders and ocean shipping companies and container leasing companies already booking all available production slo

Learn More

Freight forwarders warn that rising costs and labor shortages will be the next challenges

2024-08-28

Nippon Express, the world's sixth largest sea freight forwarder and eighth largest air freight forwarder, warned that the situation in the logistics industry is still unstable, and rising costs and labor shortages will pose great challenges to the in

Learn More