Sanctions are not something generally seen as good for shipping, as they usually impede free trade, but the latest US sanctions against Cosco for carrying Iranian oil have caused the VLCC market to skyrocket.

All of the shipping sectors have come up against ‘geopolitics’ during 2019, which is now moving into Q4, historically a time of seasonal market strength and sees the two forces combining.

Teekay Group has postponed an investor day as it grapples with LNG shipping joint ventures with Cosco being caught up in US sanctions on Iran.

The US has imposed sanctions on six Chinese firms, including two entities of state-owned Cosco Shipping, sending jittery to the global oil shipping market that saw a spike in freight rates as vessel supply tightens.

Piraeus container terminal has been a star performer for leading ports operator, Cosco Shipping Ports (CSP) as the Chinese group’s global operation lifted revenue but saw profit slide in the first six months of 2019.

Cosco Shipping Lines has appointed Yang Zhijian as the new general manger, replacing Wang Haimin.

Cosco, the operator of Greece’s Piraeus Port Authority (PPA), plans to build a fourth container pier, expanding the port’s capacity to over 10m teu and making it comparable to the biggest Northern European ports.

Ocean Network Express (ONE), Hapag-Lloyd, Cosco Shipping and Yang Ming Line are launching a new service covering South East India, the Mediterranean, and North Europe.

Cosco Shipping Heavy Industry (CSHI) and Wartsila have penned a memorandum of understanding to cooperate in the production and growth of the exhaust has cleaning market in China.The partners aim to create a ‘one-stop-shipping’ service for exhaust...

Six Chinese firms and Lloyd’s Register (LR) have signed an agreement to design and develop the first 220,000 cu m LNG carrier with a GTT Mark III membrane containment system.The Chinese companies include Cosco Shipping LNG Investment (Shanghai) Co...