Wednesday, September 28, 2016
Maritime News

Cosco Shipping Signs $738 Million Deal to Expand U.A.E. Port

  By Mahmoud Habboush   (Bloomberg) — Cosco Shipping Co., a unit of China’s biggest shipping group, agreed to build and operate a new container terminal in Abu Dhabi, securing a foothold...

September 28, 2016
Total Views: 2

Thursday, September 22, 2016
Piraeus port
Maritime News

COSCO Says Piraeus Among Top 30 Ports in World by 2018

By Angeliki Koutantou ATHENS, Sept 22 (Reuters) – China’s biggest shipping company, COSCO Shipping, plans to ramp up container volume at Greece’s biggest port in Piraeus by 35 percent by...

September 22, 2016
Total Views: 6

Thursday, August 25, 2016
china COSCO America containership
Maritime News

China COSCO Posts $1 Billion Loss After Mega-Merger

by Kyunghee Park (Bloomberg) — China Cosco Holdings Co., Asia’s largest container shipping company after a government-led merger last year, posted a loss in the first half as excess capacity...

August 25, 2016
Total Views: 19

Wednesday, August 10, 2016
Piraeus Port
Maritime News

China COSCO Shipping Acquires Majority Stake in Piraeus Port

By George Georgiopoulos ATHENS, Aug 10 (Reuters) – China’s COSCO Shipping , owner of the world’s fourth largest container fleet, took a 51 percent stake in Greece’s largest port on...

August 10, 2016
Total Views: 0

Friday, August 5, 2016
Piraeus Port
Maritime News

China COSCO Set to Scoop Up Majority Stake in Piraeus Port

ATHENS, Aug 5 (Reuters) – China COSCO Shipping, which owns the world’s fourth largest container fleet in terms of capacity, is expected to wrap up the purchase of a majority...

August 5, 2016
Total Views: 2

Wednesday, July 6, 2016
Piraeus Port
Maritime News

China COSCO Shipping Will Spend 500 Million Euro Upgrading Piraeus Port

ATHENS, July 6 (Reuters) – China COSCO Shipping will invest up to 500 million euros ($553.10 million) in its newly-acquired Piraeus port to focus on the cruise market and the...

July 6, 2016
Total Views: 7

Wednesday, June 29, 2016
Piraeus port
Maritime News

COSCO Says Piraeus Port Sale Terms Inconsistent With Deal

ATHENS, June 29 (Reuters) – COSCO Greece objected on Wednesday to terms submitted to parliament for the sale of Piraeus Port to China COSCO Shipping, saying they were inconsistent with...

June 29, 2016
Total Views: 1

Tuesday, June 7, 2016

China COSCO Launches Tanker Giant

China COSCO Shipping on Monday officially launched the consolidated COSCO Shipping Energy Transportation Co., creating one of the world’s largest tanker fleets. China COSCO says the new fleet comprises of...

June 7, 2016
Total Views: 5

Thursday, May 12, 2016
Europe Container Terminals
Maritime News

COSCO Pacific Buys Into Rotterdam Container Terminal

By Kyunghee Park (Bloomberg) — China’s Cosco Pacific Ltd. will pay 125.4 million euros ($143 million) for shares and loans in a container-terminal operator in Rotterdam amid an overseas expansion...

May 12, 2016
Total Views: 2

Wednesday, April 20, 2016
cma cgm
Maritime News

Container Shipping Companies Form Asia-Focused “Ocean Alliance”

By Brenda Goh and Gus Trompiz SHANGHAI/PARIS, April 20 (Reuters) – China COSCO Shipping and France’s CMA CGM sought to reinforce their growing global scale in the container line market...

April 20, 2016
Total Views: 10

Friday, April 8, 2016
Piraeus port
Maritime News

Greece Seals Sale of Piraeus Port to China COSCO

By Angeliki Koutantou ATHENS, April 8 (Reuters) – Greece sealed the sale of Piraeus Port Authority to China COSCO Shipping Corporation on Friday, while striking dockworkers protested against what will...

April 8, 2016
Total Views: 22

Friday, April 1, 2016

COSCO Shipping Orders 10 Very Large Ore Carriers

SHANGHAI, April 1 (Reuters) – China COSCO Shipping Corp has placed an order for 10 very large ore carriers (VLOC) from China State Shipbuilding Corp (CSSC), the official Xinhua news...

April 1, 2016
Total Views: 28

Wednesday, March 30, 2016

China Shipping Profits Sink on Low Rates, Lingering Overcapacity

By Kyunghee Park and Clement Tan (Bloomberg) — China Cosco Holdings Co. posted a 22 percent slump in earnings last year, while China Shipping Container Lines Co. swung to a...

March 30, 2016
Total Views: 17

Tuesday, March 29, 2016
Maritime News

COSCO Pacific Profit Beats Estimate

By Kyunghee Park (Bloomberg) — Cosco Pacific Ltd., the container terminal operator of China’s biggest shipping company, reported a 30 percent increase in profit last year after the company wrote...

March 29, 2016
Total Views: 17

Monday, March 28, 2016

China Cosco Shipping to Wait Out Existing Alliances

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...

March 28, 2016
Total Views: 2

Friday, March 18, 2016

China COSCO Shipping, Vale Sign 27-Year Iron Ore Transport Deal

SHANGHAI, March 18 (Reuters) – China COSCO Shipping Corporation and Vale have signed a 27-year-long agreement that will see the Chinese shipping giant carry 16 million tonnes of iron ore...

March 18, 2016
Total Views: 21

Friday, February 19, 2016
Maritime News

Newly Minted COSCOCS to Keep Alliances for Now, Review Partners Later

SHANGHAI, Feb 19 (Reuters) – China Cosco Shipping (COSCOCS), China’s biggest shipping line, plans to carry out a careful selection of its future vessel-sharing alliance partners, but will maintain its...

February 19, 2016
Total Views: 27

Thursday, February 18, 2016
Maritime News

Introducing COSCOCS: China’s New Shipping Giant to Ride Out Downturn

By Brenda Goh SHANGHAI, Feb 18 (Reuters) – China on Thursday launched a challenge to global shippers AP Moller Maersk and Mitsui OSK Lines, but analysts said the giant company...

February 18, 2016
Total Views: 28

Wednesday, February 17, 2016
cma cgm
Maritime News

Container Shipping Shake-Up as CMA CGM, China Cosco, OOCL and Evergreen Plan New Alliance

By Mike Wackett (The Loadstar) – Newly-merged Chinese ocean carriers Cosco and CSCL, together with Evergreen, OOCL and CMA CGM are set to form a new east-west mega-alliance. According to...

February 17, 2016
Total Views: 23

Saturday, February 6, 2016

After Piraeus Port Purchase, China’s COSCO Looks To Build European Train Hub

By Angeliki Koutantou and Brenda Goh (Reuters) ATHENS/SHANGHAI, Feb 5 China’s COSCO is expected to make an offer for Greece’s rail network after becoming the sole bidder for the country’s largest...

February 6, 2016
Total Views: 7