coscocs

New Chinese shipping giant emerges

The merged COSCO and China Shipping has been relaunched as China Cosco Shipping Corporation (COSCOCS). With it, the Chinese government hopes to create a global operator with enough muscle to counteract other major global operators such as Maersk Line and stem the two operators' mounting losses. COSCOCS would own 830 vessels - including bulkers and tankers as well as container ships – which on paper would put it well ahead of ... [+]