Chinese shipping giant Cosco Shipping has launched operations of new container berth at Shihu port area in Quanzhou port, Fujian province.

Cosco Shipping Holdings announced a massive newbuild order for 12 methanol-fuelled, 24,000 teu containerships from Dalian Cosco KHI Shipping Engineering and Nantong KHI Shipping Engineering.

Cosco Shipping Logistics, global supply chain and infrastructure investment company GLP (Shanghai) and the Chinese retailer Zhejiang China Commodities City Group will establish joint venture to develop digital cross-border logistics services.

Cosco Shipping Lines is reducing extra costs for cargo affected by current Ukraine situation for the entire supply chain.

China’s largest shipping corporation, Cosco Shipping Group, claims to carry one-tenth of the world’s cargo and operates over 5% of the world’s fleet by deadweight.

Cosco Shipping is upping its logistics presence taking a stake in service provider Shunfeng.

Container volume at Cosco Shipping Yangpu international container terminal exceeded 1m teu for the first time since its opening in 2016.

Chinese shipping and port giant, Cosco Shipping, is seeking to turn the future mega-port of Chancay into a hub for the South American region.

Cosco Shipping, named Wan Min as the new chairman and communist party secretary of the group, succeeding former chairman Xu Lirong.

Cosco Shipping Holdings announced that subsidiary OOIL has entered into a new shipbuilding contracts with domestic yards for the construction of ten 16,000teu containerships at a total cost of $1.576bn.