Cosco doubles down on emerging trades as Q1 net profit plunges 49%
The carrier and ports group said revenue on all major trades, except its domestic network, fell in the first quarter, resulting in a 13% drop in revenue from container shipping.
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The carrier and ports group said revenue on all major trades, except its domestic network, fell in the first quarter, resulting in a 13% drop in revenue from container shipping.
Cosco’s transaction is a charter deal with New York-listed, Greece-based Costamare Inc. for 16 container ships — a dozen 9,300-TEU vessels and four 3,100-TEU ships.
Cosco’s transaction is a charter deal with New York-listed, Greece-based Costamare Inc. for 16 container ships — a dozen 9,300-TEU vessels and four 3,100-TEU ships.
Lucio L. Co-led Cosco Capital, Inc. said its net income rose by 3.4% to P15.96 billion in 2025 from P15.4 billion a year earlier, driven by its grocery and liquor segments. In a re...
“The conflict in the Middle East has posed significant challenges to the safety and stability of global shipping,” China’s biggest container liner said.
Cosco Shipping Specialised Carriers, the Chinese group’s multipurpose arm, yesterday launched a regular service to ship used cars from Incheon to North Africa in containers. This i...
Chinese carmaker Foton Motor has joined compatriot peers in becoming directly involved in shipping its vehicle exports. China’s corporate registry shows that, last month, Foton set...
China Merchants Group has reportedly entered into the negotiations in an effort to advance the stalled talks regarding the sale of CK Hutchison’s por...
Newbuilding orders over the past week show that Cosco Shipping Lines is on a fleet expansion drive. The Chinese state-controlled operator’s subsidiary. OOCL. has ordered a dozen 13...
Cosco Shipping Lines has introduced a new North Africa Express (NAX) service connecting key ports in China with Libya, expanding its presence in the region. The service operates wi...
As Iran’s blockade reduces Hormuz traffic to single digits, China’s state shipping giant is ordering US$4 billion worth of LNG-powered vessels a bet on route recovery that doubles...
GUANGZHOU, China, May 26, 2026 /PRNewswire/ -- Guided by the ONE GAC 2.0 global strategy, GAC has entered a new phase of accelerated global expansion. Over the past two years, GAC'...
The move coincides with plans by XCTG to develop new berths, upgrade existing berths, and develop a multimodal smart logistics center.
Greek tonnage provider Costamare Shipping and French line CMA CGM have been identified as the buyers of three 2001-built 5,600 TEU ships that Taiwanese liner operator Wan Hai Lines...
To begin I must admit that Costco is one of my favourite stores. I started thinking about the Costco Supply Chain. Stereotypically I almost always buy more than I intended given th...
The 80,000 dwt multi-purpose grain carrier “Guo Yun Hai” has been delivered. China Classification Society (CCS) surveyed the vessel. Dalian COSCO Shipping Heavy Industry built the...
The largest forwarding software provider globally adds heft to DCSA’s push to drive electronic standards in the ocean freight industry.
2GO GROUP, INC. has partnered with SMX Convention Center to provide logistics and shipping support for exhibitors, event organizers, and corporate clients in the country. “We provi...
Container capacity on the trades between India and China is seeing a rapid increase in response to strong green shoots of demand growth. And Ningbo Ocean Shipping (NOS) is the newe...
LOGISTICS and sea travel provider 2GO Group, Inc. has partnered with the Philippine Coast Guard (PCG) to offer travel discounts to retired PCG personnel. In a media release on Mond...
Costco Wholesale reported higher-than-expected profit in the latest quarter, showing the club chain continues to gain ground among cautious U.S. shoppers.
CMA CGM Group has reached an agreement with the shareholders of Fattal Group to acquire 100% of the company, marking a significant step in its strategy to expand its end-to-end log...
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