China Cosco Shipping

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.

 
27 Sep 2019
Sponsored: Trucking capacity and rate fluctuations are major concerns for shippers. Cosco Shipping’s Executive Vice President Howard Finkel frankly addresses the issues in this JOC interview.
16 Sep 2019
Container carriers in the slowing US import and export trades are exercising increased discipline, maintaining capacity levels rather than introducing new vessels in an attempt to secure a larger share of the market.
13 Sep 2019
The larger container ships global carriers are starting to deploy in intra-Asia trades are putting pressure on specialist feeder lines already dealing with bad weather, port congestion, and shifting trade patterns.
22 May 2019
The Ocean Alliance will skip two Asia-US West Coast sailings in June in an effort to maintain rates as the US-China trade war takes a toll on volume.
16 May 2019
In the latest step in the ocean carrier’s transformation into a “global integrator” of container logistics, Maersk Line has folded in the inland services formerly operated by APM Terminals.
14 May 2019
The European Commission is eyeing Cosco’s deepening reach into the European port sector, as well as the broader issue of state subsidies to Asia-based carriers and shipyards.
10 May 2019
The Chinese state-run ocean carrier and fellow Asia-based lines are slowly revealing plans that tilt toward deeper logistics services beyond conventional ocean shipping, with a distinctive Asian focus.
29 Mar 2019
Container lines with the financial muscle — or state backing — are forging ahead with strategies aimed at controlling a greater portion of the container supply chain.
30 Nov 2018
The cuts come even amid reports of Brazilian coffee and cotton exporters scrambling for outbound capacity out of the ports of Santos and Vitoria.
Port of Long Beach.
11 Apr 2018
Confirming to Alphaliner that it is discussing US terminal assets with Committee on Foreign Investment in the United States officials, Cosco, a China government-backed carrier, said it is confident the deal will pass the US review and that the deal’s June 30 deadline will be met.
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.