China’s state-owned shipping giant Cocso Shipping is to work with Hainan province to jointly promote localised shipping and port asset optimisation and consolidation.

Cosco Shipping Specialized Carriers is setting up a European office in Rotterdam.

Cosco Shipping Ports Limited and Peruvian mining company Volcan have signed an agreement Monday in Lima to build the $3bn Chancay Multipurpose Port Terminal.

Shanghai Shipping Maritime Technology, a wholly-owned subsidiary of Cosco Shipping Shanghai branch, opens up a new ship repair base in Zhoushan, Zhejiang province.

Orient Overseas (International) Limited (OOIL) has sold its Long Beach Container Terminal (LBCT) for $1.78bn to a consortium led by Macquarie Infrastructure Partners (MIP).

Greece is a bridge and not a border between the West and the East and as a regional hub for growth that is gaining global influence and significance, Greek Prime Minister Alexis Tsipras told the Belt and Road Initiative Forum in Beijing 26 April.

Following the newbuilding contract for ten Newcastlemax bulkers signed earlier this month, Cosco Shipping Bulk ordered three more from CSIC Qingdao Beihai Shipbuilding Heavy Industry.

Cosco Shipping Bulk has inked a contract for eight 210,000 dwt bulk carriers newbuildings, plus options for two more with Cosco Shipping Heavy Industry in Yangzhou, Jiangsu province.

While Cosco Shipping’s massive investment plan for the port of Piraeus is not yet ancient history it is certainly under threat of becoming part of Greece’s modern history.

Orient Overseas (International) Limited (OOIL) subsidiary Gold Talent has entered into the investment and cooperation agreement with Cosco Shipping Logistics and JD Logistics to establish the joint venture for e-commence market expansion.

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