Tag: Cosco
US Company Sues ‘Collusive’ Ocean Carriers Over Alleged Exploitation
U.S.-based furniture company MCS Industries has lodged a complaint with Federal Maritime Commission (FMC) against global container lines for violating their contractual obligations.
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Threat of ‘Overheated’ Market & Oversupply, If Boxship Orderbook Ratio Reaches...
A year ago, capacity on order was under 10% of the existing fleet. That has now doubled and new orders coming through from carriers...
Boxship Orders Set To Continue with Big Players
The stunning amount of boxships ordered so far this year is set to continue with big names.
They are Cosco, Ocean Network Express...
Seaspan Extends Current Lease Terms for 17 Boxships With COSCO
Seaspan strengthens partnership with COSCO Shipping by forward fixing contracts for 17 vessels.
The new charter terms expected to generate approximately $0.7 billion...
GSBN’s New Incorporation Has Shareholders From Major Shipping Companies
Today the Global Shipping Business Network (GSBN) said it incorporated as a non-profit in Hong Kong. The blockchain shipping network that aims to digitize...
FSL Trust Agreement To Sell Two LR2 Tanker Newbuildings
FSL Trust Management, as trustee-manager of First Ship Lease Trust, has executed memoranda of agreement to sell two LR2 product tanker newbuildings, reports Offshore...
Cosco Opts To Dispose 10 Tankers
A number of tankers are being sent for scrap in 2021, with elevated demo rates proving very tempting. Cosco Shipping Energy Transportation recently announced...
OOCL Profits Plummet Amid Soaring Rates & Demand Spike
OOCL enjoys rich profits following a demand spike despite pandemic.
OOCL’s liftings improved by an above-market 7.3% on 2019 with revenue gaining 18.9%...
Ocean Carriers To Get ‘More Capacity’ Amid Transpacific Spot Rate Spike
COSCO and CMA CGM will see a larger return than their peers from the transpacific spot rate spike, due to their greater exposure...
Shipping Companies Win Awards for Whales Protection Strategies
In a major development, the Protecting Blue Whales and Blue Skies program gave awards to 15 global shipping companies for reducing speeds to 10...