China Cosco Shipping

China’s Cosco and China Shipping officially merged their container fleets Feb. 18, 2016. The newly formed China Cosco Shipping Corp. plans to boost its fleet by at least 50,000 20-foot-equivalent units to more than 2 million TEUs by year-end 2018. This could make the container line the world’s third-largest, displacing CMA CGM.

 
Cosco container ship
30 Jan 2018
Cosco is heading for a solid 2017 profit, turning around a $1.4 billion loss, with Beijing subsidies lending a helping hand.
Container shipping capacity is something shippers pay close attention to as the supply-demand balance has a direct impact on freight rate levels.
10 Jan 2018
As capacity floods into service, some carriers have started to delay the delivery of new mega-ships.
01 Nov 2017
Cosco Shipping is heading for the world's number three container line position, with its rapid expansion boosted by the Chinese government.
30 Oct 2017
The proceeds of a share sale will be used by Cosco Shipping to fund the construction of 20 new container ships, 11 of them in excess of 20,000 TEU.
20 Oct 2017
The Cosco-OOCL takeover and the merger of Japan's three carriers into ONE show two very different approaches to M&A.
26 Sep 2017
Port officials at Prince Rupert said terminal operator DP World is on schedule to restore dwell times and clearing terminal congestion.
21 Sep 2017
Terminal operator DP World is nearing completion on a $200 million upgrade to its Fairview Container Terminal at Prince Rupert, but remaining construction to landside infrastructure has roiled port productivity.
18 Sep 2017
Landside work, including improvements to the Canadian National Railway connection, has slowed productivity.
11 Sep 2017
Cosco Shipping Ports Ltd. has agreed to a deal that will give it full ownership of the APM Terminals Zeebrugge container terminal.
06 Sep 2017
A charter deal between Cosco and PIL will address capacity shortages in certain trades and allow the Chinese carrier to utilize surplus tonnage.
04 Sep 2017
Paranagua is Brazil’s leading port for soy exports.
31 Aug 2017
This resource includes customer updates from logistics companies and transportation providers, and ways people can contribute to charitable organizations to help those affected by the storm and flooding.
30 Aug 2017
Houston and several other Texas and Louisiana ports hope to restart operations by Labor Day.
14 Aug 2017
The huge container ship that ran aground while leaving the Port of Antwerp, obstructing access to Europe's second busiest port, has been refloated.
25 Jul 2017
Shares of Cosco Shipping have finally begun trading again in Shanghai after being suspended since May.
12 Jul 2017
Cosco Shipping's Howard Finkel on its position, and response, as a CKYHE Alliance member during the Hanjin Shipping crisis. He also reports on culture of collaboration and integration process over the last year since the Cosco-China Shipping merger. 
10 Jul 2017
“There aren’t many other takeover candidates left on the shelf.”
10 Jul 2017
A combined Cosco-OOCL carrier will further reduce the options for shippers that have been cut drastically by a wave of consolidation in the past year.
09 Jul 2017
The deal maintains the Hong Kong carrier’s brand and marks a new chapter in the ongoing industry consolidation
06 Jul 2017
Better freight rates and strongly growing volume will see Cosco Shipping posting a solid profit in the first half.
21 Jun 2017
Rumors surrounding a Cosco-OOCL tie-up refuse to go away.
12 Jun 2017
The $228 million deal comes in the wake of similar deals in Europe, Asia, and the Middle East — including the purchase of Rotterdam’s Euromax Terminal and a majority stake in Greece's largest port, Piraeus.
02 Jun 2017
China's largest carrier, Cosco Shipping, continues to give only the vaguest of reasons for its suspension of share trading on the Shanghai exchange.
29 Apr 2017
Cosco's container shipping line is the latest carrier to report improving volume and revenue in the first quarter.
10 Apr 2017
It has been a rare sight recently, but Cosco Shipping has issued a positive profit alert for the first quarter after seeing increasing volumes and rising rates.
31 Mar 2017
Soft demand, unsustainable pricing, and the wave of consolidation sweeping through the industry has left the near-term outlook uncertain, Cosco Shipping said.
27 Jan 2017
Cosco Shipping Ports and CMA Terminals Holdings signed a cooperation memorandum of understanding for ports worldwide.
25 Jan 2017
China's largest shipping company is about to record a huge loss for 2016, an indication of what is to come in the troubled industry.
18 Jan 2017
Piraeus was one of Cosco Shipping Port’s fastest-growing container terminals in 2016.
13 Jan 2017
The China Cosco Shipping Group will receive $26 billion for Belt and Road investments and reforming of state-owned enterprises.
03 Nov 2016
The Ocean Alliance has released information on its network that begins on April 1, 2017, with the trans-Pacific to see the largest number of loops and port calls.
The fate of the Ocean Alliance had become uncertain in recent months after the US Federal Maritime Commission halted its review process to receive more information from alliance membners.
21 Oct 2016
US maritime regulators gave the green light to the Ocean Alliance to take sail on US trades in April.
29 Sep 2016
Cosco Shipping Ports on Wednesday entered into an agreement with Abu Dhabi Ports to build and operate a new container terminal at Khalifa Port.
15 Sep 2016
The Busan Port Authority will offer discounts to CKYE Alliance members in a bid to keep Busan’s cranes busy.
It wasn't hard for shippers to find trans-Pacific capacity after Hanjin Shipping went bankrupt, and it's about to get easier still.
14 Sep 2016
Hanjin Shipping’s collapse has set off a rush by other container lines to add services and “extra loader” voyages.
09 Sep 2016
China Cosco has demolished five of its old container ships in a resumption of the scrapping program.