COSCO

US sanctions six Chinese companies along with COSCO, affects shipping

US’s Department of Treasury Office of Foreign Assets Control (OFAC) imposed six sanctions on six Chinese companies, amongst them COSCO, for transporting oil from Iran in defiance of sanctions set in place in November 2018. Sanctioned COSCO affects the shipping industry and those oil companies and traders who have entered agreements. 

COSCO vessel completes voyage through Northern Sea Route

The ship Tian Xi of China’s COSCO Shipping Specialized Carriers Co., Ltd. has arrived at Qingdao Port after completing a voyage through the Arctic shipping route. Returning from Finland’s Helsinki, Tian Xi vessel has transported approximately 30,000 tons of high-quality paper pulp back to China.

USCG awards 21st BWMS Type Approval certificate

The US Coast Guard Marine Safety Center issued the 21st USCG Ballast Water Management System Type Approval Certificate to COSCO Shipbuilding Industry Co., Ltd. and its subsidiary, COSCO (Weihai) Shipbuilding Marine Technology Co., Ltd.

Piraeus’ port plans ready, awaits Gov’s approval

Reuters reports that Piraeus Port Authority boost its investment plans to lure more businesses. The majority of the port is owned by China’s COSCO shipping, who hopes to make Piraeus port into its gateway to Europe. 

COSCO’s container volumes see a further increase

Unaffected from the ongoing trade war between China and the US, COSCO Shipping Ports published its first six months of this year results, highlighting an overall throughput increase of 5.4% year-on-year.

Cosco container ship collides with ship in Vietnam

Cosco informed that its container ship CSCL Jupiter collided with another ship at Campem TCTT, in Vietnam, on 22 of August. Cosco’s container ship sustained damages, but no injuries, nor environmental pollution was reported. The ship is now expected to delay around one week because of temporary repairs.

Shipping giants take part in new data exchange platform

Shipment management software solutions provider, CargoSmart, announced the execution of Global Shipping Business Network (GSBN) Services Agreements with maritime industry operators CMA CGM, Cosco Shipping Lines, Cosco Shipping Ports, Hapag-Lloyd, Hutchison Ports, OOCL, Port of Qingdao, PSA International and Shanghai International Port Group.

Tianjin container terminals merge

COSCO Shipping Ports Limited announced that its two wholly-owned subsidiaries, COSCO Ports (Tianjin) Limited (CP Tianjin) and China Shipping Terminal Development Co., Ltd., entered into a merger agreement with Tianjin Port Holdings and CM Terminals, as of 30 June. 

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