COSCO SHIPPING establishes new warehouse in Los Angeles

COSCO SHIPPING officially launched its self-operated fulfillment warehouse in the United States.

The Chinese company said this expansion of its global warehousing network represents a crucial step towards enhancing its ability to meet the increasing logistics needs of cross-border business and establishing a comprehensive logistics solution tailored for cross-border e-commerce customers.

Spanning around 16,500m², this new facility is located in the Greater Los Angeles area, just 60 minutes from...

https://container-news.com/cosco-shipping-establishes-new-warehouse-in-los-angeles/

Diamond Line stocks up NET2 service

Diamond Line, a feeder and short sea carrier, is expanding its NET2 service loop, initially established in 2017 using standard Panamax vessels.

The NET2 service offers direct connections from ports in the United Kingdom and Northwest Europe to the southern regions of Turkey and Levant countries in the East Mediterranean, as well as to Adriatic and Black Sea countries through COSCO SHIPPING’s hub port in Piraeus.

On 18 April, the 280-meter-long vessel named “Xin Xia Men” arrived in Iskenderun,...

https://container-news.com/diamond-line-stocks-up-net2-service/

Congreso aprobó, en primera votación, modificar ley para dar exclusividad de servicios a puertos privados

La propuesta normativa, que modifica la Ley del Sistema Portuario Nacional, se aprobó con 72 votos a favor, 32 en contra y cuatro abstenciones. El dictamen será materia de segunda votación transcurrido los siete días calendario, para que quede ratificada y lista para su promulgación en el...

https://logistica360.pe/congreso-aprobo-en-primera-votacion-modificar-ley-para-dar-exclusividad-de-servicios-a-puertos-privados/

COSCO SHIPPING signs strategic cooperation deals

COSCO SHIPPING announced the signing of two cooperation agreements earlier in March in Shanghai.

COSCO SHIPPING and CITIC Group, a large multinational conglomerate specializing in both financial and industrial development, inked a strategic cooperation agreement in Shanghai on 18 March.

Under the terms of the agreement, the two companies will collaborate to embrace the new development concepts that align with the new developmental phase. They aim to forge a partnership spanning domains such as...

https://container-news.com/cosco-shipping-signs-strategic-cooperation-deals/

House lawmakers crack down on Chinese ocean freight data

WASHINGTON — House lawmakers have passed a bill giving regulators new power to investigate potential violations of the law by the producer of one of the most closely watched container freight indexes.

The Ocean Shipping Reform Implementation Act of 2023, which passed the chamber on Thursday by a vote of 393-24, targets China’s Shanghai Shipping Exchange (SSE). SSE publishes the Shanghai Containerized Freight Index, an aggregator of spot market data on which container freight rates in the...

https://www.freightwaves.com/news/house-lawmakers-crack-down-on-chinese-ocean-freight-data

COSCO to serve Port of La Spezia via 20,000 TEU vessels

COSCO Shipping is scheduling regular visits to the Port of La Spezia with 20,000 TEU vessels. The imminent arrival of the COSCO Shipping Aries marks the first docking of such a large container ship from the Chinese liner at the Italian port.

Beginning in March, COSCO 20,000 TEU container ships will establish a consistent presence at the Port of La Spezia. This recent announcement by the Chinese liner reveals plans to incorporate four units of these vessels into the Asia Mediterranean Service...

https://container-news.com/cosco-to-serve-port-of-la-spezia-via-20000-teu-vessels/

COSCO Shipping Aries to call at Port of Genoa marking another milestone

During the inaugural journey of COSCO Shipping Aries in 2018, this ultra-large container vessel became the first 20,000 TEU class ship from China to call HHLA Container Terminal Tollerort (CTT) in Hamburg, Germany.

On 19 March next week, another milestone awaits the boxship. Captain Wang Chunsheng and his crew will be the first to sail the 400-metre-long vessel into the Port of Genoa, Italy’s largest port for containerized direct traffic, marking yet another special occasion.

By operating the...

https://container-news.com/cosco-shipping-aries-to-call-at-port-of-genoa-marking-another-milestone/

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