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The group reported a 66.7 percent increase in net profits to $156 million on revenues of $4.2 billion for the second quarter.
U.S. Customs and Border Protection agents at the port found over 424 pounds of the illegal narcotic hidden in a shipment of tires that originated in South America.
Wei Jiafu, former chief executive officer of COSCO, has been named CEO of a Pasadena, California-based company called Apollo Acquisition Corp.
Tideworks Technology has developed a mobile version of its customer service web portal for the Massachusetts Port Authority called Forecast Mobile Lite.
Ocean carrier CMA CGM will team up with Bolloré African Logistics and China Harbour Engineering Company to build and operate a 1.4 million-TEU container terminal in Kribi.
The Norther California port warned, however, that vessel backlogs could reoccur if more longshore labor is not added.