China Shipping Group has announced that it has started a grain shipping service with COFCO, China’s largest grain trader. Under an agreement between the two companies, China Shipping has customized a dedicated liner service for COFCO’s grain imports from Latin America. The new service has deployed one bulker, COFCO 1, for the service and will put another two vessels into service within this year…Full Article: CNSS Oct 2015
- China Shipping Group and COFCO will reportedly import 3.5 million MTs of grain per year.
- In August 2015, China was considering merging China Ocean Shipping Group (COSCO) with China Shipping Group. COSCO is China’s largest shipping company by fleet size.
- In 2014, the top Chinese ports in terms of container traffic of Twenty-foot Equivalent Units (TEUs) are Shanghai, Shenzhen, Hong Kong, Ningbo-Zhoushan, Qingdao, Guangzhou, Tianjin, Dalian, Xiamen, Lianyungang and Yingkou. In 2014, Shanghai was the world’s busiest container port with 35.2 million TEU transported through the port. In 2013, Shenzhen surpassed Hong Kong as China’s second busiest container port.