Cosco Shipping Port acquired a 30 per cent stake of Xiamen Yuanhai Terminal

Recently, Cosco Shipping Port (Xiamen), a wholly owned subsidiary of the Company, as the buyer, and Xiamen Haicang Investment (as the seller) entered into a share transfer agreement for the sale and purchase of shares representing 30% of the registered capital of Xiamen Yuanhai at a total value of RMB 794 million.

Container throughput of Hebei ports reached 4.98 million TEUs

In 2022, the province's ports handled 4.98 million TEus of containers, a record high, according to the Hebei Provincial Department of Transport. A total of 70 domestic and foreign trade routes have been opened, and 71 inland waterless ports have been opened. The number of production berths increased by 4 to 246; An additional 24.4 million tons of transit capacity was added, bringing the total capacity to 1.16 billion tons.

Japan's GDP grew 1.1% in real terms in 2022

According to preliminary statistics released by the Cabinet Office, Japan's real gross domestic product (GDP) grew 1.1% in 2022 from a year earlier, while nominal growth was 1.3%. In the October-December period of 2022, real GDP grew by 0.2% quarter-on-quarter, or 0.6% on an annualized basis, marking the first positive growth in two quarters.

WTO: Global trade affected less than expected by Russia-Ukraine conflict

The World Trade Organization has released a new study showing that global trade in 2022 was less affected than expected by the Russia-Ukraine conflict. The severely affected countries managed to switch suppliers or products and found alternative resources to fill the gap in most of the affected products, such as fuel, wheat, maize, etc.

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