Tags COSCO
Tag: COSCO
FMC monitors lines as SCFI breaks US$3,000 bar
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Aggressive capacity management by carriers, currently being monitored by the Federal Maritime Commission (FMC), has pushed the US west coast Shanghai Containerized Freight Index...
OOCL takes slot-charter on Evergreen’s S. America service
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Hong Kong based OOCL, a subsidiary of China’s COSCO has chartered slots on Evergreen’s Westcoast South America service and is booking cargo for its...
Tianjin Port signs strategic co-operation agreement with COSCO
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The northeastern Chinese port of Tianjin is set to boost its volumes following an agreement with COSCO to create a regional port hub. Under the...
COSCO to develop blockchain solutions with Alibaba group
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China COSCO Shipping Corporation has signed a collaboration agreement with compatriot e-commerce giant Alibaba and the latter’s fintech affiliate, Ant Financial Services Group (formerly...
COSCO unit launches Jinzhou-Hainan service
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COSCO Shipping Lines and its intra-Asia unit, Shanghai Pan Asia Shipping, have launched a service connecting Jinzhou port in China’s north-eastern Liaoning province, to...
China-Europe rail freight boosted by pandemic
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China-Europe freight trains saw their busiest month to date, with 976 trains launched in April, a 47% year-on-year increase, increasing in popularity as the...
COSCO set to complete planned scrubber installations
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COSCO Shipping Lines (COSCON) is about to complete scrubber installations, a plan that was announced in 2019. CSCL Mercury, CSCL Jupiter and CSCL Saturn, 14,000TEU...
US decision to remove HK trade privileges adds to China tensions
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Liner operators are concerned about the US decision to remove Hong Kong’s trade privileges, which was triggered by China’s plans to impose a national...
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
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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...
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DP World buys majority stake in South Korean independent NVOCC
The Dubai-based logistics provider, DP World has agreed to acquire a 60% shareholding in UNICO Logistics Co. Ltd, one of the largest independent NVOCC...
SC Ports’ new terminal on track for 2021 opening
South Carolina Ports Authority (SCPA) has announced that the construction of the Hugh K. Leatherman Terminal is on schedule for a March 2021 opening. The...
Updated: Another Montreal union joins indefinite industrial action
Following the announcement on Friday, 7 August, by Montreal’s International Longshoremen’s Union Local 375 (CUPE) of an indefinite strike, it has emerged that a...
CMA CGM to buy stake in HMM’s Algeciras terminal
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CMA CGM will buy HMM’s 50% stake in Total Terminal International Algeciras (TTIA), which operates a container terminal in the south of Spain. HMM announced on...
