Orient Overseas International Ltd (OOIL) has denied knowledge of any potential bid for its container shipping business Orient Overseas Container Line (OOCL).

In a year of consolidation the biggest and most complex was the merger of Chinese shipping giants Cosco and China Shipping. The deal spanned almost every aspect of the shipping and maritime industries including dry bulk, containers, tankers, LNG...

Cosco Shipping Ports (CSP) ended the year on a high note, with a 10.5% rise in December overall throughput to 8.4m teu, driven by stellar 72.1% growth at its overseas ports and a recovery into positive territory for all its reporting regions.

Singapore-listed Cosco Corp (Singapore) looks set for a lengthy suspension from trading as it awaits the results of the restructuring of China Cosco Shipping’s shipyard business.

In a move towards greater consolidation in the ports industry, essentially the two main container terminal operators in the port of Hong Kong, Hutchison Port Holdings (HPH) Trust and Cosco Shipping Ports (CSP), have formally tied up their operations.

Cosco Shipping Ports (CSP) continues to see good growth in throughput, driven mainly by its overseas investments, as overall volumes rose 10% to 8.4m teu in November from 7.6m teu in the same month in 2015.

Cosco Shipyard Group (CSG) is continuing to announce delivery delays with further year delay for a newbuild semi-submersible tender assist drilling rig.

The Ocean Alliance is quickly moving ahead with its plan to start operations from 1 April 2017, announcing the signing of an agreement, called the Day One Product, among the partners on its network, including port rotation for each service loop.

Piraeus port’s Cosco administration has welcomed the prospect of the merger of Japan's K Line, Mitsui OSK Lines (MOL) and NYK believing it bodes well for Greece’s largest port.

China Cosco Holdings Company has sank deeper into the red for the third quarter on disposal of subsidiaries and continued downturn of the container shipping market.