Friday, September 27, 2019
vlcc supertanker
Maritime News

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...

September 27, 2019
Total Views: 21

Thursday, September 26, 2019
oil tanker loading
Maritime News

China’s Unipec Scoops Up Charters as U.S. Sanctions COSCO Tankers

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...

September 26, 2019
Total Views: 4

Thursday, April 4, 2019
cosco containership
Maritime News

COSCO Shipping Secures IMO-Compliant Fuel Supply

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...

April 4, 2019
Total Views: 5

Monday, December 10, 2018
china cosco ship
Maritime News

China’s Cosco Plans $200 Million Abu Dhabi Container Terminal Expansion

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...

December 10, 2018
Total Views: 3

Thursday, August 30, 2018
Cosco container ship
finance

Profit Falls 98 Percent For Cosco

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...

August 30, 2018
Total Views: 2

Wednesday, April 4, 2018
cosco containership
Maritime News

COSCO Back in the Black, With a Little Help from State Friends

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...

April 4, 2018
Total Views: 16

Tuesday, April 3, 2018
oocl containership
Maritime News

COSCO Shipping’s Takeover of OOCL to Close by End-June, Vice Chairman Says

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...

April 3, 2018
Total Views: 16

Wednesday, November 29, 2017
cosco developement
News

COSCO Takes Biggest Container Line Title from Maersk

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...

November 29, 2017
Total Views: 31

Wednesday, August 30, 2017
China Cosco Shipping containership
News

COSCO Shipping Books $288 Profit in First-Half of 2017

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...

August 30, 2017
Total Views: 0

Monday, July 10, 2017
News

COSCO Deal to Make Ex-Hong Kong Chief, Family $1 Billion Richer

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...

July 10, 2017
Total Views: 0

News

COSCO Buying OOCL Would Create Trans-Pacific Container King

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...

July 10, 2017
Total Views: 20

cosco developement
Interesting

COSCO Shipping to Buy OOCL for $6.3 Billion

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),...

July 10, 2017
Total Views: 33

Sunday, July 9, 2017
finance

COSCO Offers $6.3 Billion For Orient Overseas

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...

July 9, 2017
Total Views: 2

Thursday, July 6, 2017
cosco development
News

COSCO Shipping Flags First-Half Profit on Improving Market

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...

July 6, 2017
Total Views: 6

Monday, June 12, 2017
cosco developement
News

COSCO Shipping Teams Up with Greece’s Piraeus Port to Boost Container Traffic

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...

June 12, 2017
Total Views: 4

Saturday, April 8, 2017
china COSCO America containership
News

China COSCO Shipping to Post Q1 Profit

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....

April 8, 2017
Total Views: 2

Thursday, March 30, 2017
china COSCO America containership
Maritime News

China’s COSCO Shipping Reports $1.4 Billion Loss for 2016

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...

March 30, 2017
Total Views: 0

Thursday, January 26, 2017
News

CMA CGM and COSCO Shipping Strengthen Port Partnership Ahead of ‘Ocean Alliance’ Launch

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...

January 26, 2017
Total Views: 17

china cosco
News

China’s COSCO Shipping Flags $1.44 Billion Loss for 2016

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...

January 26, 2017
Total Views: 22

Thursday, January 12, 2017
china cosco
News

China’s COSCO Secures $26 Billion Financing Pledge

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...

January 12, 2017
Total Views: 0