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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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Interasia buys newbuilding resale pair

Japanese intra-Asia carrier Interasia Lines has purchased a pair of feeder ship newbuildings from a Chinese ship builder. Purchased for US$34.5 million in August, the...

Woke lines playing the uneven field

Liner shipping companies have had a bumper year with profits in 2020 expected to exceed any year in the histroy of container shipping. All...

Box rates still on the way up after regulatory warnings

Both the Pacific and Asia to Europe rates have shown increases this week even after regulatory authorities in China, the US, Europe and South...

More Port of Felixstowe congestion riles freight forwarders

An increase in container volumes in the rush to beat China’s Golden Week holidays and technical issues with the Port of Felixstowe’s vehicle Booking...