Asia

China has agreed to reduce its stake in a proposed deep-sea port in Rakhine State in Myanmar to 70% amid local concerns about Beijing’s growing economic power in the country, a senior…

DP World has decided not to renew its operating contract for PT Terminal Petikemas Surabaya (TPS) in Indonesia at the end of the agreement in 2019.

Penta-Ocean Construction (Penta-Ocean) has received an order from a consortium comprising Sumitomo, Toshiba and IHI to construct a large port in southern Bangladesh.

Chinese ports operator COSCO Shipping Ports saw its global container terminal throughput increase in the half year-on-year by 11.8% to 41.8m teu, the company said.

Investigators have discovered a multi-million Thai bhat graft scam involving potentially 560 employees, many of them high-ranking officials, at the Port Authority of Thailand (PAT), the country’s The Nation newspaper has reported.