With just two weeks to go for the deadline for Cosco to acquire Orient Overseas International Ltd (OOIL) regulatory hurdles still need to be cleared.
Top container ship lessor Seaspan just added significant new financial muscle, with new shareholder, Canadian investment company Fairfax Financial Holdings, pumping in an additional $1bn into the company.
COSCO Shipping Ports (CSP) is tying up with powerful partners to develop a terminal extended services and port supply chain platform.
After some months of rumblings, the European Union and Italian authorities have opened an investigation into suspected wide-scale tax fraud by Chinese criminal gangs importing goods via Piraeus, a trade gateway between Asia and Europe.
The ice-breaking liquefied natural gas (LNG) carrier Vladimir Rusanov, jointly owned by Mitsui OSK Lines (MOL) and China Cosco Shipping has undertaken its first loading at Yamal LNG in the far north of Russia.
Cosco-managed Piraeus port entered a new era this week when it handled its first 20,000 teu plus containership, the newbuilding Cosco Shipping Taurus, on 26 February.
Released from the drag of its former container shipping business in 2016, Cosco Shipping Development announced that it was expecting net profit for 2017 to more than triple to at least RMB1.3bn ($205.2m) compared with the RMB368.6m posted in the previous corresponding period.