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Thursday, June 4, 2020
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Tag: COSCO

Fire on Cosco boxship causes container losses off South Africa

The 2013-built container ship Cosco Sao Paulo suffered fire onboard and container losses in Cape Town outer anchorage, according to several reports. It is not...

Updated: Feeling for the bottom of the recession

According to the Danish consultancy Sea-Intelligence the level of blank sailings has reached a “plateau” although there are now more than 500 cancellations in...

Sea and rail mail from China replaces air cargo trade

Following on the heels of the China Post-COSCO collaboration, the customs and port authorities of Liaoning and Guangdong provinces in China have opened up...

China Post and COSCO collaborate on postal service

COSCO Shipping Lines, the China COSCO group’s container liner unit, has been working with China Post to deliver letters on its vessels, in an...

Insurance mutuals highlight danger of incorrect declarations

An increasing number of major incidents in a matter of months, including the fire on board COSCO Pacific that started with a container load...

Waiting game for US logistics

Logistics firms all along the supply chain are waiting to see what happens to the infection rate in the United States and what the...

COSCO Shipping Holdings profit up 450%

COSCO Shipping Holdings said on 30 March 2020 that net profit for 2019 rocketed nearly 450% from 2018, with earnings of CNY6.8 billion (US$...

OOIL books US$1.35 billion profit on US terminal sale

Synergies from the acquisition by COSCO of Orient Overseas Container Lines (OOCL) and the sale of its Long Beach terminal were behind the Hong...

China is now the largest container ship-owning nation

The German Shipowners’ Association (VDR) President Alfred Hartmann has said that China has surpassed Germany as the largest container ship-owning country. Ship databases corroborate Hartmann’s...

Ocean Alliance launches its Day Four Product

Ocean Alliance has announced the start of the Ocean Alliance Day Four Product. The new product will provide 19 transpacific services, two transatlantic services,...
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South Korean liner alliance in dispute with Busan Port Authority

Korea Shipping Partnership (KSP), a quasi-alliance of South Korea's liner and feeder operators, are seeking arbitration with regard to Busan Port Authority's request that...

Rate levels not costs key to mitigating carrier 2020 losses as lines cancel more services

Maintaining freight rate levels is key to maintaining carrier profits in this crisis hit year that has seen shipping lines slash services, managing capacity...

CMA CGM boss sets carbon neutral target by 2050

French operator CMA CGM aims to be carbon neutral by 2050, according to Rodolphe Saadé, the chairman and CEO of the CMA CGM Group. Speaking...

Taipei distributes shipping industry loans

Taiwan’s Ministry of Transportation and Communications announced on 2 June that it has disbursed loans of TW$16.5 billion (US$550 million) to the shipping industry...