COSCO and China Shipping to get closer
China's biggest container lines to enlarge space-swap arrangements as Asia-Europe shake-up continues China's two biggest container lines are to work more closely together as an extensive shake-up of the Asia-Europe trades continues.According to a report in IFW's sister publication, Lloyd's List, Cosco Container Line and China Shipping have unveiled plans to expand their space-swap arrangements next year. The agreement covers both the North Europe and Mediterranean trades.The announcement comes amid speculation that China Shipping is in talks with the CKYH alliance, which includes Cosco, about a partnership arrangement.The new space-swap agreement between Cosco and China Shipping covers three services operated by each line, but it is unclear whether this deal involves all the CKYH members.China Shipping is thought to be in talks with partner Evergreen and members of the CKYH consortium about a six-strong co-operative arrangement covering the Asia-Europe trades that would offer a powerful alternative to the new alliances now being formed by other global carriers.Talks are understood to be under way between the various parties, although no final conclusions have yet been reached.But should China Shipping decide to work with the CKYH group of Coscon, K Line, Yang Ming and Hanjin Shipping, it would be able to contribute ...
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