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Tag Archives: COSCO

Yilport in talks for Long Beach container terminal

Turkey’s Yilport Holding AS is in advanced talks to buy a container terminal in Long Beach, California, a deal that would value the facility at close to $2 billion, people with knowledge of the matter said. The discussions between Yilport, backed by businessman Robert Yuksel Yildirim, and terminal owner Cosco Shipping Holdings Co. aren’t …

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Container train from Belarus arrives in China

An international container train from the Belarusian city of Orsha reached the Chinese city of Nanchang, Jiangxi Province on 19 March, representatives of the Consulate General of Belarus in Shanghai told BelTA. After travelling for over 11,000km across Belarus, Russia, Mongolia, and China along the Silk Road Economic Belt the …

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COSCO’s dream project of mega containership approved

“25000 Box Container Ship Type Development” project gets the green light from all the involved sides. According to Shanghai Ship and Shipping Research Institute (SSSRI), the Shanghai Ship Transportation Science Research Institute held a project acceptance meeting, on March 8, 2019. According to a statement, the acceptance expert group consisting of …

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COSCO to adjust its export THC tariffs

COSCO SHIPPING LINES will adjust its export THC tariffs for foreign trade services in mainland China starting from March 20, 2019 (Beijing time). The new THC standards as follows: 1. For base ports located in North China (including Dalian, Tianjin, Qingdao)  Currency: CNY 2. For base ports located in East …

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Block in the COSCO’s master plan for Piraeus Port

Cosco is deeply disappointed and bothered after the rejection decision of the Ports Planning and Development Committee for the largest part of the investment project of PPA, whose unsettled value is 580m euros. This was not only because virtually all the additional investments (of 354 million) that Cosco wanted to implement …

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Piraeus Port climbs to the second place in the Med

Cosco broke a new record in 2018, handling a total of 4.90 million teu, an annual 18.4 percent rise compared to 2017, the company running the port of Piraeus said this week, adding that Piraeus was now the second largest port in the Mediterranean after Valencia. More specifically, piers II and III handled 4.41 …

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Piraeus Port welcomes its largest ship ever

The largest container ship which has ever docked in Piraeus arrived in Greece’s largest port on Monday, Feb. 4. The behemoth belongs to the Chinese conglomerate COSCO. The COSCO Shipping Line’s “Nebula” was delivered to its owners in October of 2018. It can carry more than 21,000 twenty-foot-equivalent shipping containers, or TEU’s. A sister ship of the …

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COSCO shows interest to bid for Croatia’s container terminal

A Croatian delegation led by the Minister for Maritime Affairs, Transport, and Infrastructure, has returned from China pleased with the strong interest Chinese companies have shown for big infrastructure projects in Croatia, local daily Vecernji list reported on Tuesday, Jan 29. The daily wrote that China Ocean Shipping Company (COSCO) …

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COSCO giant vessel calls Port Tampa Bay

On Tuesday Jan. 29, one of the world’s largest shipping container companies docked its cargo ship, the M/V PIRAEUS, in Port Tampa Bay. It is now one of the largest ships to ever dock in the port. The cargo ship is the result of a deal many years in the making between …

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HMM launched Japan-Straits service

Hyundai Merchant Marine (HMM) introduced on 27 November a dedicated weekly service connecting the main ports of Japan with Port Kelang and Singapore in the Straits. The port rotation will be:  Yokohama – Tokyo – (Omoezaki offered only by CMA CGM) – Nagoya – Kobe – Singapore – Port Kelang …

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