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Tag: COSCO

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OCEAN Alliance rolls out new service network

Antonis Karamalegkos - March 15, 2024 0

OCEAN Alliance, consisting of CMA CGM, COSCO, Evergreen and OOCL, has announced the launch of its updated service network, called "DAY 8 Product". After extending...

Rates & Surcharges

Carriers ‘undo’ rate hikes on India-US trades amid cargo volume pressure

Container News Team - March 15, 2024 0

Container carriers appear to have abandoned plans to hike freight rates on Indian trades to the United States, as they are facing a slump...

News

Cosco Shipping enhances safety measures through Iridium GMDSS implementation

Ioanna Kontos - March 13, 2024 0

Iridium Communications, a major provider of worldwide voice and data satellite communication services, has announced that Cosco Shipping (CSSC), boasting the world's largest fleet...

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Red Sea crisis spurs surge in TEU capacity: Newbuildings fully absorbed

Antonis Karamalegkos - March 12, 2024 0

The total container ship capacity deployed on trades affected by the Red Sea crisis has increased by 1.26 million TEUs since October 2023, driven...

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Lack of newbuildings costs OCEAN Alliance’s Asia-Europe frequency

Container News Team - February 22, 2024 0

Since the members of OCEAN Alliance (CMA CGM, COSCO Shipping Lines and Evergreen Marine Corporation) did not have many newbuildings join their fleets, nor reassign...

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Transpacific container trade bounces back in the beginning of 2024

Container News Team - February 20, 2024 0

Transpacific eastbound box volumes have rebounded by 16.9% in January 2024 and full-year volumes are expected to record positive growth again after falling by...

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Red Sea crisis sees COSCO and MSC perform ad hoc North Europe-Med feedering

Container News Team - February 15, 2024 0

COSCO Shipping Lines and MSC have each taken out a ship from their Transatlantic services to feeder containers between North Europe and the Mediterranean,...

News

Peak in scrubber-installed boxship fleet

Container News Team - February 14, 2024 0

The number of scrubber-fitted container ships is now at an all-time high of 36% of the global boxship fleet, due mainly to MSC's preference...

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Hapag-Lloyd’s departure shakes-up THE Alliance

Container News Team - January 18, 2024 0

Shipping pundits are expecting liner alliances to be redrawn, after Maersk Line and Hapag-Lloyd announced on 17 January that they will form Gemini Cooperation...

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COSCO and Fratelli Cosulich acquire Italy-based logistics company

Ioanna Kontos - January 14, 2024 0

COSCOS, the joint venture between the Chinese shipping giant COSCO Shipping and Italian shipping group Fratelli Cosulich, has acquired Novara-based logistics company Trasgo. Trasgo holds...

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Tag: COSCO

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