U.S. Tanker Stocks Surge After Pentagon Blacklists Major Chinese Maritime Players
U.S.-listed tanker stocks rallied sharply on Tuesday, with some shares jumping as much as 10% after the Pentagon added several Chinese maritime giants to its
U.S.-listed tanker stocks rallied sharply on Tuesday, with some shares jumping as much as 10% after the Pentagon added several Chinese maritime giants to its
LIMA, April 29 (Reuters) – The Peruvian government is looking to avoid an international arbitration process which could be filed by
As geopolitical tensions rise, businesses are exploring alternatives to China for production and diversification, yet China’s vast influence in global
BERLIN, Jan 6 (Reuters) – German logistics firm HHLA HHFGn.DE and Cosco 601919.SS are close to finalising an agreement for
by Andreas Rinke (Reuters) German Chancellor Olaf Scholz on Thursday stressed the need for Europe to diversify its relations to ensure it is not dependent on
by Markus Wacket (Reuters) The European Commission warned the German government last spring not to approve an investment by China’s Cosco into
By William Wilkes and Arne Delfs (Bloomberg) — Hamburg Hafen und Logistik AG said the German government shouldn’t block a Chinese acquisition of a
By Ann Koh (Bloomberg) — Asian shipping companies are offering mega bonuses to employees amid a boom in freight rates, with China’s state-owned
ATHENS, Oct 7 (Reuters) – Greece’s privatisations agency transferred shares corresponding to a 16% stake in Piraeus Port Authority to Chinese port
By Florence Tan and Chen Aizhu SINGAPORE, Sept 27 (Reuters) – Key oil freight rates from the Middle East to Asia rocketed as much as 28% on Friday
By Jonathan Saul and Chen Aizhu LONDON/SINGAPORE, Sept 26 (Reuters) – China’s Unipec has made replacement bookings for four oil shipments from the
SINGAPORE, April 4 (Reuters) – China Marine Bunker (PetroChina) Co Ltd, known as Chimbusco, has agreed a one-year supply deal with a COSCO Shipping Corp
By Stanley Carvalho ABU DHABI, Dec 10 (Reuters) – China’s Cosco Shipping Ports Ltd plans to expand its container terminal in Abu Dhabi in the
by Brenda Goh (Reuters) – China’s COSCO Shipping Holdings Co Ltd on Thursday said first-half profits fell 97.8 percent as it grappled with higher costs
By Mike Wackett (The Loadstar) – COSCO Shipping posted a net profit of $264m in 2017, reversing a loss of $1.1bn in the previous year, as it targets a
By Brenda Goh SHANGHAI, April 3 (Reuters) – COSCO Shipping’s planned acquisition of Orient Overseas Container Line (OOCL) is on track to be
By Mike Wackett (The Loadstar) – A 23% increase in containers lifted allowed Cosco to steal the top spot from Maersk Line in the third quarter. The
SHANGHAI, Aug 30 (Reuters) – China’s COSCO Shipping Holdings Co Ltd reported a first-half profit on Wednesday and forecast that improved demand in
By Robert Olsen (Bloomberg) — Former Hong Kong Chief Executive Tung Chee-hwa and his family will be about $1 billion richer with the sale of their
By Kyunghee Park, Daniela Wei and Shawna Kwan (Bloomberg) — China is the new leader of shipping trade to the Americas. State-owned Cosco Shipping
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