China Ocean Shipping (COSCO) Finalizes Takeover of Box Terminal at Belgium’s Port of Zeebrugge

Chinese shipping conglomerate China Ocean Shipping Co (COSCO) has finalized an agreement to take control of the box terminal of the Port of Zeebrugge in Belgium, the State-owned Assets Supervision and Administration Commission (SASAC), said on Tuesday [23 January 2018]…Full Article: Jan 2018 Key Point Port of Zeebrugge is the second largest port in

COSCO Shipping and Shanghai International Port to Buy Hong Kong’s OOCL

China’s major shipping operator COSCO Shipping Holdings and Shanghai International Port (Group) Co jointly announced a takeover offer on Sunday [9 July 2017] to all the shareholders of Hong Kong-based Orient Overseas Container Line Co (OOCL), COSCO announced on Sunday…Full Article: The Global Times July 2017 Key Point Once the takeover is completed, China’s COSCO

Chinese Cargo Containers Arrive in Hungary via Ningbo-Athens-Budapest Trade Route

The first two trains carrying Chinese cargo containers, launched by China COSCO Shipping Group, arrived in the Hungarian capital, the Economic and Commercial Counselor’s Office of the Chinese Embassy in Hungary said Tuesday. The shipments arrived here on Jan. 29 and Feb. 5, respectively, from the port of Piraeus, Greece, marking the official opening of

China Shipping Group to Launch a Grain Bulk Carrier for COFCO Imports From Latin America

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

Chinese Apple Shippers from Tibet Can Now Directly Export to Larcha, Nepal

Chinese apples loaded in Khasa of Tibet can now directly reach to Nepal’s Larcha in Nepal-China border. The new arrangements have been made following a request from the Tatopani Customs Office of Nepal with the Chinese authorities, reports said Monday. “Both Nepalese and Chinese sides have agreed to allow Chinese apple carriers until Larcha in

Maersk, World’s Largest Container Ship & Supply Vessel Operator, Expects Chinese Imports to Rise over the Next Decade

A.P. Moeller-Maersk is betting that China will evolve into a consumer economy from a nation driven by export growth within a decade. “We’re investing in our China set-up as we’re building up a large organization there so we can be ready to help customers who want to export to China,” Chief Executive Officer Nils Smedegaard