Cosco Shipping Group, Alibaba Group and Ant Group signed strategic cooperation agreement to jointly promote global shipping and logistics blockchain development.
China’s largest shipping group Cosco Shipping has inaugurated its corporate university in Qingdao, Shandong province to promote shipping talents development.
Cosco Shipping International (Singapore) Co has completed the acquisitions of majority stakes in Malaysian logistics companies in a move to strengthen its operations in Malaysia.
Singapore-headquartered Ocean Network Express (ONE) and Cosco Shipping Lines, OOCL and Yang Ming will launch a new weekly Transatlantic service, East Mediterranean – America Service (EMA).
The US has lifted sanctions on one of two units of Cosco Shipping, partially lifting trade restrictions for the Chinese shipping giant and further driving tanker rates down.