Tag: COSCO

The $5 billion project of Panama’s waterway expansion officially opened, when the first vessel officially sailed through on Sunday, June 26. The Neopanamax vessel made the inaugural transit of the Expanded Panama Canal after a 14-day journey.

Cosco Shipping Panama, the first container ship to pass through the expanded Panama Canal on June 26th, set sail on Saturday, June 11th from the port of Piraeus, Greece, on its way to this Central American country.

China COSCO Shipping has won the draw for the first transit through the Expanded Panama Canal during the waterway's inauguration on Sunday, June 26. The shipping line's container vessel Andronikos will be making the inaugural transit. The vessel, which has a maximum capacity of 9,400 TEUs, is 8.25 meters in beam and 299.98 meters in length.

CMA CGM, COSCO Container Lines, Evergreen Line and Orient Overseas Container Line signed a Memorandum of Understanding to form a new Alliance enabling each of them to offer competitive products and comprehensive service networks covering the Asia-Europe, Asia-Mediterranean, Asia-Red Sea, Asia-Middle East, Trans-Pacific, Asia-North America East Coast, and Trans-Atlantic trades.

Greece is to sell its biggest port Piraeus Port Authority to shipping group China COSCO Shipping Corporation, marking the second major privatisation for the country since late last year.

COSCO-PSA Terminal Pte Ltd, a joint venture company formed by COSCO Pacific and PSA Corporation Limited, is investing in new container berths in Singapore capable of serving the next generation of mega container vessels.

On March 18, 2016, the signing ceremony of a long-term transportation agreement between China COSCO Shipping Corporation Limited and Vale was held in Beijing Ocean Plaza.

Alphaliner says that a new mega alliance appears to be in the making, as CMA CGM and China COSCO lead efforts to set up a new carrier partnership which will enhance competition by splitting three of today’s four main East-West alliances

COSCO and ABS have signed cooperation agreement to expand COSCO’s use of the Northeast Passage for more regular trading, explore navigation in Northwest Passage, and develop ice-classed vessel types appropriate for Trans-Arctic shipping. The parties will begin by establishing a cooperative initiative on Arctic Shipping Technology Development.

 Jotun and Dalian Ocean Shipping Company (a wholly-owned subsidiary of China Ocean Shipping Company, COSCO Group) celebrated the 10,000th application of SeaQuantum, Jotun’s premium antifouling, to their 297,336-dwt tanker, Cosrich Lake.According to Mr. Zhao Jinwen, Vice Managing Director COSCO DALIAN, SeaQuantum plays an important role in the company’s efforts to improve fuel efficiency and reduce emissions.“We are very pleased to receive the 10,000th application of SeaQuantum,” he said. “COSCO DALIAN is committed to building the largest, specialised and most fuel-efficient fleet of bulk liquid carriers in China, and Jotun’s SeaQuantum technology helps us achieve our goal.” Geir Bøe, Jotun’s Vice President Marine Coatings says the Cosrich Lake project represents a genuine milestone for Jotun. “Based on proven performance and trust from our network of global customers, SeaQuantum has strengthened its position year by year to become the industry’s leading antifouling brand,” he says.“We will continue to support the industry’s efforts to reduce fuel costs and corresponding emissions with our full range of SeaQuantum products, optimised for different trading conditions.”Bøe’s colleague, Dr. Jian Wang, Technical Director (Jotun Shanghai) notes that Cosrich Lake was coated with a full system of SeaQuantum Ultra S, which is specifically designed for vessels that are slow steaming ...