#cosco-shipping
(21 articles)Cosco Profit Surges 81% on Port Congestion While Terminals Hit Capacity
Cosco Shipping Holdings achieved an 81% profit increase in Q3 driven by port congestion and extended shipping routes that increased freight rates, while its subsidiary Cosco Shipping Ports reported fl
Cosco Shipping Profits Surge 81% on Port Congestion While Terminal Division Stalls
Cosco Shipping Holdings reported an 81% profit increase in Q3 as port congestion and extended shipping routes kept vessels deployed longer and supported higher freight rates. However, its subsidiary C
Cosco's Growing Dominance Reflects China's Shipping Power
The article highlights eight ways that China Ocean Shipping Company (Cosco) exemplifies China's growing power and influence in the global shipping industry. As a major state-backed carrier, Cosco's ex
COSCO Energy Reports 171% Profit Surge on Record VLCC Rates
COSCO SHIPPING Energy Transportation reported a substantial 171.90% increase in nine-month attributable profit to RMB7.389 billion, primarily driven by record-high VLCC (very large crude carrier) rate
COSCO SHIPPING Launches New Multimodal Freight Corridors in China
COSCO SHIPPING Holdings has announced the launch of new multimodal freight corridors in China, representing an expansion of its domestic logistics network. This development reflects the company's stra
Germany Blocks Cosco Acquisition of Hamburg Logistics Firm
The German government has blocked Chinese shipping giant Cosco from acquiring Hamburg-based logistics company Zippel, marking a significant move in protecting critical European supply chain infrastruc
Berlin Blocks Cosco's Hamburg Logistics Deal Over Security Concerns
Germany's federal government has signaled opposition to a proposed acquisition of a Hamburg-based logistics firm by China's Cosco, one of the world's largest container shipping operators. The blockade
Cosco Uses Frame Containers to Bypass Car-Carrier Shortage
Cosco Shipping Specialized Carriers has deployed an innovative logistics solution to address a persistent shortage of pure car-carrier vessels (PCTCs) by shifting BYD electric vehicles into frame cont
Yangtze River Ports Expand Ocean Container Routes to Mexico, North Africa
China's Yangtze River ports are making a strategic pivot toward international ocean container shipping, with Cosco Shipping Specialised Carriers launching direct services from Jiangyin to Mexico's Man
Nanjing Port Launches Direct North Africa Container Service
Nanjing Port has achieved a significant milestone in its strategic transformation from a regional river port to a deep-sea container hub by inaugurating a direct liner service to North Africa operated
Cosco Shipping IPO Accelerates Global Shipbuilding Expansion
Cosco Shipping's progress toward a China initial public offering signals strengthened capacity investments at a critical inflection point for global maritime logistics. The timing coincides with an in
Cosco Q2 Surge Signals Container Shipping Recovery
Cosco Shipping Holdings delivered a substantially stronger second quarter, with revenue climbing 17.6% year-on-year to RMB 60.1 billion (USD 8.9 billion) and attributable profit surging 29.1% to RMB 7
Cosco's $3B Ship Order Reshapes Global Container Market
Cosco Shipping's ambitious newbuild program, 18 container vessels totaling approximately $3 billion in orders, represents a strategic pivot to consolidate its position among the world's top three line
COSCO Shipping Ports Grows Traffic 7.9% to 80M TEUs
COSCO Shipping Ports has achieved a significant milestone by handling over 80 million TEUs in the first half of the year, representing 7.9% year-over-year growth. This performance signals robust conta
Cosco Shipping Singapore Reports 188% Profit Surge
Cosco Shipping's Singapore subsidiary achieved a dramatic 188% increase in profitability, signaling the effectiveness of the company's strategic pivot toward diversified logistics services beyond trad
Cosco Ships Navigate Hormuz as Retailers Face Rising Freight Costs
Chinese shipping giant Cosco is maintaining operations through the strategically critical Hormuz Strait despite ongoing geopolitical tensions in the Middle East. This transit corridor remains one of t
COSCO Upgrades A3X East Australia Service for Better Capacity
COSCO SHIPPING Holdings has launched an upgraded version of its A3X East Australia service, signaling the carrier's commitment to strengthening connectivity between Asia and Australia's eastern ports.
Cosco Shipping Expands Southeast Asia Presence in Vietnam, Indonesia
Cosco Shipping, a major Singapore-based logistics operator, is pursuing strategic expansion into Vietnam and Indonesia, two of Southeast Asia's fastest-growing economies and critical trade hubs. This
Cosco Delivers 17 RTG Cranes to Port of Walvis Bay
Cosco Shipping has transported 17 rubber-tyred gantry (RTG) cranes to the Port of Walvis Bay in Namibia, marking a significant equipment deployment to enhance port handling capacity. This shipment rep
Cosco Launches Hainan Subsidiary to Expand Container Shipping Operations
Cosco Shipping is reinforcing its commitment to China's Hainan free-trade port through the establishment of a new subsidiary capitalized at CNY300 million ($44.4 million). The subsidiary, Hainan Cosco
COSCO Shipping Strategy Shifts as Container Markets Evolve
COSCO Shipping Holdings, one of the world's largest container shipping operators, is recalibrating its strategic approach as the container shipping market enters a period of structural transformation.