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.