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Wednesday, September 7, 2022
Two-Tier Market Emerges as Container Spot and Contract Rates Diverge

Two-Tier Market Emerges as Container Spot and Contract Rates Diverge

By Nick Savvides (The Loadstar) – A two-tier market within the container shipping sector is opening up as spot rates in key trades collapse. Carriers

September 7, 2022
Total Views: 4255

Thursday, January 20, 2022
cosco containership

China’s COSCO Pays Huge Bonuses 30 Times Worker’s Salary Amid Container Shipping Boom

By Ann Koh (Bloomberg) — Asian shipping companies are offering mega bonuses to employees amid a boom in freight rates, with China’s state-owned

January 20, 2022
Total Views: 17902

Tuesday, December 7, 2021
COSCO Denies Link to Transpacific Cargo Loss Accident

COSCO Denies Link to Transpacific Cargo Loss Accident

COSCO Shipping Lines says it is not the operator of the MV COSCO Nagoya which lost dozens of containers overboard in the Pacific Ocean last month. The ship is

December 7, 2021
Total Views: 4995

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

October 7, 2021
Total Views: 720

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

September 30, 2021
Total Views: 1145

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

September 21, 2021
Total Views: 1709

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

June 25, 2021
Total Views: 1910

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

November 11, 2019
Total Views: 37

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

September 27, 2019
Total Views: 62

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

September 26, 2019
Total Views: 35

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

March 29, 2019
Total Views: 6

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

December 13, 2018
Total Views: 70

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

December 7, 2018
Total Views: 20

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

August 30, 2018
Total Views: 10

Monday, August 6, 2018
COSCO Upbeat on OOCL Despite $73 Million Loss in First Half
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

August 6, 2018
Total Views: 23

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

July 25, 2018
Total Views: 24

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.

July 8, 2018
Total Views: 108

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

April 21, 2018
Total Views: 5

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

April 20, 2018
Total Views: 45

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

April 4, 2018
Total Views: 35


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