COSCO Shipping

What shippers should know about ocean carrier alliance changes in 2025

Timing is everything, but as international ocean container lines ready the February launch of reorganized alliances and vessel-sharing agreements, a miasma of global events is sure to put pressure on carefully crafted business plans.

The reshuffle is headlined by a pair of notable carrier groupings.

The Premier Alliance of ONE, Yang Ming and HMM is the newly named version of the former THE Alliance, which Hapag-Lloyd departed to partner with Maersk. 

ONE (Ocean Network Express) was formed in 2016...

https://www.freightwaves.com/news/what-shippers-should-know-about-ocean-carrier-alliance-changes-in-2025

Cosco says shipping disruptions boosted 2024 net profit by 95%

China’s Cosco Shipping Holdings Co. forecasts that profits soared 91% in 2024.

The Shanghai-based parent of liner operator Cosco Shipping Lines in a statement to the Hong Kong stock exchange expects to report, pending any final adjustments, full-year record earnings on moderate growth in cargo volumes as disruptions from attacks on shipping in the Red Sea took capacity out of the market and kept freight rates high.

Earnings before interest and taxes for the year ending Dec. 31, 2024 were $9.54...

https://www.freightwaves.com/news/cosco-says-shipping-disruptions-boosted-2024-profit-by-91

COSCO SHIPPING opens Northeast regional headquarters in Dalian

On 28 December 2024, COSCO SHIPPING held the inauguration ceremony for its Northeast Regional Headquarters in Dalian, marking a pivotal moment in the company’s strategic expansion in the Northeast region.

This new headquarters is poised to drive fresh momentum for the area’s economic growth. Aligned with COSCO SHIPPING’s mission of “connecting and serving the world,” the Northeast Regional Headquarters will leverage the region’s unique advantages and resources, according to the Chinese shipping...

https://container-news.com/cosco-shipping-opens-northeast-regional-headquarters-in-dalian/

COSCO Shipping boosts Transatlantic services

COSCO Shipping announced an upgrade to its Trans-Atlantic service suite, effective February 2025. COSCO SHIPPING Lines will operate a comprehensive and sophisticated four-loop Trans-Atlantic service between North Europe and North America.

This enhancement ensures more reliable transit times and tailored services for North Europe to North America’s East Coast, North, South, and Gulf markets. It also provides improved coverage, connecting 66 major key ports along this trade route.

The port...

https://container-news.com/cosco-shipping-boosts-trans-atlantic-services/

COSCO Shipping launches new Indonesia route

On 23 December, New Golden Sea, a subsidiary of COSCO SHIPPING Holdings, inaugurated the maiden voyage of its new Indonesia route, YIX, departing from Yangpu, Hainan.

This marks the launch of another shipping route linking China with ASEAN countries. The route will deploy three 1,700 TEU vessels with consistent carrying capacity to serve ports in Yangpu, Guangzhou, Indonesia, and Singapore.

The YIX route effectively meets the needs of South China’s e-commerce enterprises seeking to expand...

https://container-news.com/cosco-shipping-launches-new-indonesia-route/

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