Containers from China Ocean Shipping Company (COSCO) are pictured at a port in Shanghai, China, in this February 17, 2016 file photo. REUTERS/Aly Song/Files
SHANGHAI, March 28 (Reuters) – China Cosco Shipping plans to retain its current container alliances until they expire, after which it plans to sign a new deal, it said on Monday.
The group’s spokesman, Yu Zenggang, did not say when the current alliance agreements were due to expire.
Analysts have said the global network of vessel-sharing alliances on container routes could be shaken up by recent deals, including the formation of China’s largest shipping line through the merger of China Ocean Shipping (Group) Company (COSCO) and China Shipping Group
China COSCO , a unit of COSCO, is part of the CKYHE alliance with Kawasaki Kisen Kaisha, Yang Ming Marine Transport, Hanjin Shipping and Evergreen Marine, while China Shipping Container Lines , a unit of China Shipping Group, CMA CGM CMACG.UL and United Arab Shipping Co make up the Ocean Three alliance.
A group spokeswoman told Reuters in February that the firm planned to maintain its two current alliances for the moment.
(Reporting by Brenda Goh and SHANGHAI Newsroom; editing by Susan Thomas)
(Bloomberg) — Ukraine’s fight against Russia’s invasion has entered a new phase, pitting homegrown drone technology against a 2,000 kilometer (1,200 mile) swathe of largely Soviet-era oil facilities. At least...
March 19 (Reuters) – Tanker company Euronav will exit Belgium’s blue-chip Bel-20 index after just two days of trading, as it no longer meets the membership conditions after its takeover by Compagnie Maritime...
MOSCOW, March 19 (Reuters) – The new head of Russia’s Navy was formally presented in his new role for the first time on Tuesday at a pomp-filled ceremony, the state RIA news agency reported,...
March 19, 2024
Total Views: 2487
Why Join the gCaptain Club?
Access exclusive insights, engage in vibrant discussions, and gain perspectives from our CEO.
This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.