China COSCO Shipping

Shipping Stocks Weekly: Latest Market Moves

Shipping Stocks Weekly provides a timely overview of how major container shipping companies are performing in the equity markets.

The container shipping industry continues to navigate a complex mix of macroeconomic and geopolitical forces. While global trade has shown signs of resilience, challenges such as Red Sea tensions, persistent supply chain disruptions, and inflationary pressures on operating costs remain.

Freight rates have shown a modest upward trend on key trade lanes, particularly on...

https://container-news.com/shipping-stocks-weekly/

COSCO and State Power Investment sign cooperation deal

China COSCO SHIPPING and State Power Investment signed an online Memorandum of Cooperation Agreement on 20 September.

Both sides will increase synergies, take advantage of their respective business benefits and develop a comprehensive and multi-level strategic relationship.

The two companies will continue to develop strategic collaboration in green energy, shipping logistics, infrastructure building and investment, equipment manufacture, and technical innovation applications, according to the...

https://container-news.com/cosco-and-state-power-investment-sign-cooperation-deal/

Drewry reports changes to global port capacity forecast, presents leading terminal operators

Widespread container shipping trade recovery in the wake of the Covid-19 pandemic has boosted the global terminal capacity outlook, supported by global terminal operators’ (GTOs) increased appetite for higher-risk greenfield projects to deliver long-term growth, according to Drewry’s latest Global Container Terminal Operators Annual Review and Forecast report.

Global container port capacity is projected to increase by an average annual rate of 2.4% to reach 1.38 billion TEU by 2026. However, the...

https://container-news.com/drewry-reports-changes-to-global-port-capacity-forecast-presents-leading-terminal-operators/

Retrofit Concept Combining LNG Fuel Conversion & Vessel Jumboization For Very Large Container Ships Receives Approval

New Retrofit Concept Combining Lng Fuel Conversion And Vessel Jumboization For Very Large Container Ships

During a ceremony at Bureau Veritas (BV) headquarters based in Paris La Défense, GTT, a technological expert in membrane containment systems, Alwena Shipping, a naval consultancy and engineering firm, and COSCO Shipping Heavy Industry (Zhoushan) Co., Ltd (CHI Zhoushan) shipyard, have received an Approval in Principle (AiP) from the classification society Bureau Veritas (BV) for a new concept, combining LNG retrofit and jumboization, applied to large container ships.

GTT carried out the LNG Mark...

https://www.marineinsight.com/shipping-news/retrofit-concept-combining-lng-fuel-conversion-vessel-jumboization-for-very-large-container-ships-receives-approval/

MOL And China COSCO Shipping Name Fourth LNGC For Yamal LNG ‘LNG Megrez’

LNG Carrier LNG MEGREZ - MOL China COSCO Shipping

Mitsui O.S.K. Lines, Ltd. (MOL) announced that on 20 October, a naming ceremony for an LNG carrier, jointly ordered by MOL and China COSCO Shipping Corporation Limited (China COSCO Shipping), was held at Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. (Hudong).

The vessel is the last of four newbuilding conventional LNG Carriers for the Yamal LNG Project announced at the end of June 2017 and was named “LNG MEGREZ” after a star in the constellation Ursa Major.

Image Credits: mol.co.jp

MOL has been...

https://www.marineinsight.com/shipping-news/mol-and-china-cosco-shipping-name-fourth-lngc-for-yamal-lng-lng-megrez/

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