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Cosco reports US$1.8 billion profit in first quarter

Antonis Karamalegkos - 0
According to preliminary financial results, Cosco Shipping Holdings has recorded earnings before interest and taxes (EBIT) of US$2.3 billion during the first quarter of...
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COSCO doubles profits in 2024

Antonis Karamalegkos - 0
COSCO SHIPPING Holdings reported a doubling of annual profits, achieving an operating revenue of RMB 233.86 billion (US$32.3 billion) in 2024, representing a 33.3%...
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Cosco orders twelve 14,000 TEU methanol vessels

Antonis Karamalegkos - 0
Cosco Shipping Holdings has received shareholder approval to order a series of twelve methanol-fuelled container ships of 14,000 TEU capacity. The delivery of the vessels...
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COSCO financial figures plunge in 2023

Container News Team - 0
COSCO Shipping Holdings estimates that it suffered significant decreases in profit in the first half of 2023, compared with the same period last year. According...
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UK’s asset manager exits COSCO investment due to climate failures

Antonis Karamalegkos - 0
Legal & General Investment Management (LGIM), one of the world’s largest asset managers, has announced the halt of investments in two Chinese transport giants,...
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COSCO pays over US$800 million for minority stake in COFCO Fortune

Ioanna Kontos - 0
COSCO Shipping Holdings has agreed to acquire a 5.8% stake in COFCO Fortune, a food processing and transportation subsidiary of the Chinese state agricultural...
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COSCO places orders for 12 methanol-powered giant ships

Container News Team - 0
Chinese shipping giant COSCO Shipping Holdings has ordered a dozen methanol duel-fuelled container ships each having a capacity of 24,000 TEUs. The new container vessels...
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COSCO’s net profit skyrockets by over 74%

Container News Team - 0
The Chinese shipping giant COSCO SHIPPING Holdings has announced that its net profit attributable to equity holders for the first half of the year...
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COSCO achieves strong financial performance in 2021

Container News Team - 0
The Chinese shipping giant, COSCO Shipping Holdings has announced its financial results for 2021, with profit attributable to equity holders completing US$14 billion, which...
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Wan Hai and COSCO give generous bonuses in Evergreen’s footsteps

Container News Team - 0
Wan Hai Lines and COSCO Shipping Holdings have reportedly paid their staff bumper bonuses, as publicity surrounding Evergreen Marine Corporation’s 40-month bonus continues. Taiwanese media,...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Rates & Surcharges Antonis Karamalegkos - 0
Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...
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Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Services Container News Team - 0
Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...
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Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

CN Premium Articles Container News Team - 0
As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...
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MSC and ZIM downsize joint Far East-US East Coast service network

Services Antonis Karamalegkos - 0
In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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