Thursday, October 7, 2021
Piraeus Port

Greece Completes Transfer of Piraeus Port Stake to COSCO

ATHENS, Oct 7 (Reuters) – Greece’s privatisations agency transferred shares corresponding to a 16% stake in Piraeus Port Authority to Chinese port operator COSCO Shipping after an amendment to a previous concession...

October 7, 2021
Total Views: 594

Thursday, September 30, 2021
Piraeus Port

China’s COSCO To Raise Piraeus Port Stake

by Angeliki Koutantou (Reuters) Greek lawmakers on Thursday approved an amended deal with Chinese shipping group COSCO that will allow it to raise its stake in Greece’s biggest port of Piraeus, paving...

September 30, 2021
Total Views: 1057

Tuesday, September 21, 2021
cosco shipping

US And China Compete To Rebuild Sudan’s State Shipping Firm

By Mohammed Alamin (Bloomberg) Sudan’s state shipping company is considering a Chinese offer to revamp a fleet that’s shrunk to just one boat as the African nation targets a boost...

September 21, 2021
Total Views: 1609

Friday, June 25, 2021
cosco shipping

Seaspan Forward-Fixes Charters for 17 Containerships with COSCO

Containership leasing company Seaspan Corporation has announced it has forward-fixed contracts and extended current lease terms for 17 containerships with COSCO SHIPPING Lines. The ships, representing approximately 117,700 TEU, were...

June 25, 2021
Total Views: 1858

Monday, November 11, 2019
cosco shipping
Maritime News

China, Greece Agree to Push Ahead with COSCO’s Piraeus Port Investment

ATHENS, Nov 11 (Reuters) – China and Greece agreed on Monday to push ahead with a 600 million euros investment by COSCO Shipping into Greece’s largest port, Piraeus, as part...

November 11, 2019
Total Views: 9

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: 33

Thursday, September 26, 2019
Maritime News

U.S. Slaps Sanctions on COSCO Tanker Units

The sanctions targeted COSCO Shipping Tanker (Dalian) Co. and COSCO Shipping Tanker (Dalian), along with Seaman & Ship Management Co. and a handful of other Chinese nationals and entities. By...

September 26, 2019
Total Views: 15

Friday, March 29, 2019
cosco containership
Maritime News

COSCO Flags Risks from Oil Price, Trade Dispute as Profit Halves

SHANGHAI, March 29 (Reuters) – China’s COSCO Shipping Holdings Co Ltd said trade frictions and high oil prices pose risks for the global shipping industry this year, after confirming on...

March 29, 2019
Total Views: 0

Thursday, December 13, 2018
cosco shipping
Maritime News

Blackstone, KKR Said to Pursue $1 Billion Container Terminal in Long Beach

By Gillian Tan and Vinicy Chan (Bloomberg) — Cosco Shipping Holdings Co.’s sale of a container terminal in Long Beach, California has drawn interest from potential buyers including Blackstone Group...

December 13, 2018
Total Views: 9

Friday, December 7, 2018
cosco shipping
Maritime News

China’s COSCO Shipping Considers London Listing – Sources

By Jonathan Saul LONDON, Dec 7 (Reuters) – China’s largest shipping group, COSCO Shipping, is considering raising capital for the first time on the London Stock Exchange through a new initiative...

December 7, 2018
Total Views: 8

Thursday, August 30, 2018
Cosco container ship

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

Monday, August 6, 2018
Maritime News

COSCO Upbeat on OOCL Despite $73 Million Loss in First Half

By Mike Wackett (The Loadstar) – Orient Overseas International (OOIL) suffered a loss of $73m in its OOCL container business in the first six months of the year, following a profit...

August 6, 2018
Total Views: 10

Wednesday, July 25, 2018
cosco containership

COSCO Hit By Apparent Cyber Attack, Causing ‘Network Breakdown’ in Americas

China’s COSCO Shipping Lines has been hit by an apparent cyber attack that has caused a ‘network breakdown’ within its Americas region, the shipping line confirmed in a Facebook post....

July 25, 2018
Total Views: 11

Sunday, July 8, 2018
oocl containership

Pledging to Sell Long Beach Terminal, COSCO Clears U.S. Hurdle on OOCL Deal

By Bloomberg News (Bloomberg) — Cosco Shipping Holdings Co. pledged to sell a container terminal in California, helping allay concerns of U.S. regulators and clearing the way for its $6.3 billion acquisition...

July 8, 2018
Total Views: 43

Saturday, April 21, 2018
cosco shipping
Maritime News

U.S. Questions COSCO’s Takeover of Long Beach Terminal -Report

(Reuters) – A U.S. national security review has raised concerns about a takeover by China’s COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall...

April 21, 2018
Total Views: 3

Friday, April 20, 2018
cosco shipping

EU Suspects Tax Fraud at China’s New Gateway to Europe

By Angus Berwick and Renee Maltezou MADRID/ATHENS, April 20 (Reuters) – European Union and Italian authorities are investigating suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Greece’s...

April 20, 2018
Total Views: 34

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: 24

Thursday, March 29, 2018
cosco developement
Maritime News

COSCO Shipping Says Container Shipping Demand to Remain Buoyant in 2018

SHANGHAI, March 29 (Reuters) – COSCO Shipping Holdings Co Ltd said it expects further growth in container shipping demand thanks to a continued recovery in global trade, after reporting it...

March 29, 2018
Total Views: 11

Wednesday, January 17, 2018
Maritime News

SEACOR Marine Partners with COSCO Shipping on Eight PSVs

Louisiana-based offshore company Seacor Marine (NYSE:SMHI) has formed a jointly-owned company with China’s COSCO Shipping, one of the world’s largest shipowners, for the construction and ownership of eight platform supply...

January 17, 2018
Total Views: 8

Thursday, December 7, 2017
Maritime News

Shell Marine Wins Major Marine Lube Contract from COSCO Shipping

Shell Marine has secured a major contract to supply the marine lubricants for seven of COSCO Shipping’s upcoming 20,000 TEU Ultra Large Container Vessels (ULCVs). The contract is the biggest marine...

December 7, 2017
Total Views: 22