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Articles tagged with:

COSCO

28 April 2020

COSCO warns of continued COVID-19 burden

COSCO Shipping Ports (CSP), the biggest terminal operator in the world, has warned that the world has not contained the COVID-19 pandemic and that the impact could be felt for some time.

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8 April 2020

CargoSmart, COSCO, SIPG and Tesla launch cargo blockchain pilot

CargoSmart Limited, a leading shipment management technology solutions provider, announced that it conducted a pilot project with COSCO SHIPPING LINES (COSCO), Shanghai International Port Group (SIPG), and Tesla, Inc. (Tesla) for a new application to transform the cargo release process.

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1 April 2020

COSCO sees huge surge in revenue and traffic

COSCO Shipping Lines, the third biggest container shipping line in the world by market share, has said its revenue increased by 25% year-on-year (YoY), which it attributed to an improved presence in emerging markets and regions.

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26 March 2020

COSCO sees throughput jump amid crash in profits

COSCO Shipping Ports (CSP), the biggest terminal operator in the world by market share, suffered a drop in gross profits of 7.1% in 2019 despite seeing throughput increase across its portfolio.

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17 February 2020

PIL abandons Pacific market

Pacific International Lines (PIL) has announced it will be withdrawing from the Transpacific market as part of efforts to make its network more efficient.

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7 February 2020

Major Asian liners launch Atlantic route

Four major container shipping lines, COSCO, Ocean Network Express (ONE), OOCL and Yang Ming will launch a new East Mediterranean-America (EMA) Service as part of efforts to deliver a more efficient service network.

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8 January 2020 Digital

COSCO says lithium battery started vessel fire

The fire that broke out on the COSCO Pacific on January 6 2020 was caused by the spontaneous combustion of a lithium ion battery, according to widely reported update from the Chinese carrier.

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15 November 2019 Digital

EIB Joins COSCO in Piraeus Transformation

The European Investment Bank (EIB) has agreed to donate almost $154 million to the upgrade and expansion of the Port of Piraeus, the largest port in Greece.

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4 November 2019 Digital

COSCO Shipping Ports’ Profit Crashes

COSCO Shipping Ports (CSP), the biggest ports operator in the world, has announced a revenue increase increased by 0.7% in the third quarter (Q3) of 2019 compared with the same period last year, despite its gross and net profit falling.

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