Sime Darby divests its port investments in China

DP World and Sabah Ports partner to boost Sapangar Bay Container Port, aiming to double handling capacity by 2025, enhance efficiency, and elevate Sabah’s logistics network.

Last year, all the Chinese ports handled 16.97 Bt, having exceeded their 2022 volume by nearly 8%. Shanghai throughputs surged, Hong Kong saw a downfall.

“The management of the Red Sea crisis has alleviated concerns of sudden container price rises, providing a more predictable environment”

Valenciaport handled 784,095 containers in the first two months of the year, a growth of +9.97% compared to January-February 2023.

Xeneta data reveals that average spot market rates from China to Mexico have consistently surpassed long-term contract rates since April 2023.

Deal includes Xiamen Ocean Gate Terminal, the first terminal in China to implement AGVs.