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Tag: COSCO

COSCO Shipping signs procurement deals

COSCO Shipping has signed a number of procurement agreements with suppliers from Japan and Singapore at the fourth China International Import Expo (CIIE) in...

Cosco Shipping announces new chairman

Wan Min is now the chairman of the largest shipping company in the world, China Cosco Shipping Corporation Limited. The Chinese shipping giant has appointed...

COSCO raises its Piraeus stake to 67%

COSCO Shipping has increased its stake in the Piraeus Port Authority (PPA) by 16%, after an exchange event for the Letter of Closing II...

COSCO launches express alternatives to US West Coast

COSCO Shipping Lines (COSCON) is launching Transpacific BCO Express Line this week, comprising the Prince Rupert express line (CEN-EXPRESS) and the Los Angeles express...

COSCO buys 35% stake in Hamburg container terminal

COSCO Shipping Ports Limited (CSPL) has agreed with Hamburger Hafen und Logistik AG (HHLA) to acquire a 35% share in HHLA Container Terminal Tollerort...

MCS resolves FMC dispute with COSCO, complaint against MSC pending

US furniture manufacturer MCS Industries, which had filed a complaint to the Federal Maritime Commission (FMC) alleging that Chinese state-owned shipping group COSCO Shipping...

COSCO could surpass CMA CGM as third largest container line

China’s COSCO group could overtake French carrier CMA CGM as the third-biggest container line if the latter does not acquire more ships. COSCO now has...

“Makeshift” boxships gain pace with Starbulk capesize carrying containers

With the shortage of container vessels hitting critical levels, some operators have begun using bulk carriers or other vessel types to move containers. Alphaliner reported...

Red-hot market swells COSCO’s H1 profit 21 times

COSCO Ship Holding’s 2021 first half profit rocketed 21-fold year-on-year to US$6.53 billion as the strong container shipping market propelled its earnings to new...

Top 10: The largest shipping lines in the world

It comes as no surprise, that the shipping companies are the most crucial part of the global supply chain. The container shipping lines, with...
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