Tanker Rates Soar as U.S. Sanctions Rattle Crude Trade
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 in a global...
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 in a global...
By Jonathan Saul and Chen Aizhu LONDON/SINGAPORE, Sept 26 (Reuters) – China’s Unipec has made replacement bookings for four oil shipments from the Middle East Gulf after the United States...
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 unit for low-sulphur marine fuel...
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 next three to five years with...
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 and a slide in freight...
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 June...
By Brenda Goh SHANGHAI, April 3 (Reuters) – COSCO Shipping’s planned acquisition of Orient Overseas Container Line (OOCL) is on track to be completed by the end of June, the...
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 Chinese carrier loaded...
SHANGHAI, Aug 30 (Reuters) – China’s COSCO Shipping Holdings Co Ltd reported a first-half profit on Wednesday and forecast that improved demand in the container shipping market would continue for...
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 container shipping line to...
By Kyunghee Park, Daniela Wei and Shawna Kwan (Bloomberg) — China is the new leader of shipping trade to the Americas. State-owned Cosco Shipping Holdings Co.’s $6.3 billion offer to...
By Brenda Goh and Matthew Miller SHANGHAI/BEIJING, July 9 (Reuters) – COSCO Shipping Holdings Co Ltd has offered to buy Orient Overseas International Ltd (OOIL) for HK$49.23 billion ($6.30 billion),...
By Brenda Goh and Matthew Miller (Reuters) COSCO Shipping Holdings Co Ltd (601919.SS) has offered to buy Orient Overseas International Ltd (OOIL) (0316.HK) for HK$49.23 billion ($6.30 billion), in a...
SHANGHAI, July 6 (Reuters) – China’s COSCO Shipping Holdings expects to post a profit of around 1.85 billion yuan ($272 million) in the first half, helped by an improving shipping...
ATHENS, June 12 (Reuters) – Piraeus Port, operator of Greece’s biggest port and majority-owned by China’s COSCO Shipping, has agreed to team up with the operator of Shanghai port, the...
SHANGHAI, April 8 (Reuters) – China’s COSCO Shipping Holdings said it would report a profit in the first-quarter, boosted by an improving market and cost savings from a recent merger....
SHANGHAI, March 30 (Reuters) – China’s COSCO Shipping Holdings Co Ltd made a loss last year of 9.9 billion yuan ($1.44 billion), the company reported on Thursday, due to both...
The port operating units of French shipping company CMA CGM and China’s COSCO Shipping have signed a Memorandum of Understanding to strengthen their strategic partnership in ports around the world with...
SHANGHAI, Jan 26 (Reuters) – China’s COSCO Shipping Holdings Co Ltd said it expects to post a net loss of 9.9 billion yuan ($1.44 billion) for 2016, citing the impact...
SHANGHAI, Jan 12 (Reuters) – COSCO Shipping Corporation said policy lender China Development Bank has pledged to provide it with 180 billion yuan ($26 billion) in financing in the years...
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