COSCO SHIPPING LINES

COSCO container ship damages Keelung berth after collision

A pier in Taiwan’s Keelung port sustained damage after one of COSCO Shipping Lines’ container ships came into contact while attempting to berth.

The 2000-built, 1,702 TEU Fei Yun He had just arrived from the port of Lianyungang in China, shortly before 8 am local time on 16 March.

Local media reported that possibly due to miscommunication between the pilot/crew and the port authority, Fei Yun He knocked into Keelung’s West Pier 20.

The pilot can be heard on television footage saying, “Why is the...

https://container-news.com/cosco-container-ship-damages-keelung-berth-after-collision/

COSCO SHIPPING Lines ha desarrollado un nuevo contenedor de 40′ que carga 4 vehículos al mismo tiempo

Esto ha permitido ahorrar considerablemente en costos de transporte para los clientes, mejorar la competitividad del transporte de contenedores y sentar una base sólida para el aumento del número de contenedores de transporte de automóviles en 2024, informó la compañía.

https://logistica360.pe/cosco-shipping-lines-ha-desarrollado-un-nuevo-contenedor-de-40-que-carga-4-vehiculos-al-mismo-tiempo/

Fire on boxship in Houston kills two seafarers, injures one

Two seafarers died and another crewman was hurt after a fire broke out in the engine room of the 2,174 TEU container ship Stride.

COSCO Shipping Lines had chartered Stride from Danaos Corporation to operate a service connecting the US port Houston with Guatemala, Honduras and Colombia. The service, launched in June 2021 to target reefer cargoes, is jointly operated with CMA CGM, which contributes two chartered vessels.

The fire is said to have occurred while containers were being loaded at...

https://container-news.com/fire-on-boxship-in-houston-kills-two-seafarers-injures-one/

COSCO debuts Hi ECO sustainable shipping product

COSCO SHIPPING Lines has presented the first green shipping certificate at Volvo’s Asia Pacific headquarters on 5 December, based on their utilisation of its green shipping product Hi ECO.

COSCO SHIPPING Lines said it pioneered the bunkering of its operating vessels with biofuel to achieve measurable carbon emission reduction in 2022.

The company tries to assist its customers in reducing greenhouse gas emissions and making positive contributions to sustainable development. Its green shipping...

https://container-news.com/cosco-debuts-hi-eco-sustainable-shipping-product/

COSCO defies market pressures with reduced expenses

COSCO Shipping Lines showed an unusually strong result in 2Q 2023, becoming the only carrier to significantly improve its finances compared to 1Q 2023, after an apparently highly successful cost-cutting move, according to Alphaliner.

COSCO Ship Holding’s container shipping business, represented by COSCO Shipping Lines and OOCL, recorded revenue of US$7.91 billion in 2Q 2023, compared with US$4.5 billion in 1Q 2023. Net profit stood at US$1.84 billion in 2Q 2023, more than tripling from US$572.1...

https://container-news.com/cosco-defies-market-pressures-with-reduced-expenses/

COSCO, Hutchison Ports and PSA in eBL agreement

Global Shipping Business Network (GSBN), Saudi Basic Industries Corporation (SABIC), COSCO SHIPPING Lines, Hutchison Ports and PSA International have signed a non-binding memorandum of understanding (MoU) to enable paperless trade.

The agreement will see all signatories leveraging the electronic Bill of Lading (eBL) for export shipments by the shipper SABIC via COSCO SHIPPING’s vessels to ports in Asia operated by Hutchison Ports and PSA.

Additionally, structured data from the eBL issued via...

https://container-news.com/cosco-hutchison-ports-and-psa-in-ebl-agreement/

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