Cosco's ship brokerage and agency arm Cosco International Holdings saw first half net profit rise 45% to HKD190.3m ($24.6m) from HKD130.9m previously on sharp rises in commission income from ship trading agency services as market activity picked up.

Cosco (Zhoushan) Shipyard, subsidiary of Cosco Shipyard Group, has won an order to build two 64,000 dry bulk carriers for an unnamed Asian buyer.

Maersk Supply Service, part of Denmark’s AP Moller-Maersk Group, has embarked on expanding its newbuilding programme that would see the company focus on AHTS vessels and subsea support vessels.

Cosco (Dalian) Shipyard, subsidiary of China’s state-owned Cosco Shipyard Group, has secured a contract valued at over $470m to build four subsea supply vessels for Maersk Supply Service, part of the AP Moller-Maersk Group.

China’s ambassador to Greece has joined the increasing clamour for developing closer ties between Beijing and Athens, proposing the two countries cooperate across the wider Mediterranean region and especially in developing trade with Africa.

Singapore-listed Cosco Corporation’s shipyards have secured shipbuilding contracts worth a total of about $300m to build one accommodation barge and up to seven dry bulk carriers.

It may have been a rare blip in the bliss seemingly being enjoyed on high-flying Piraeus container terminals II and III but last week’s threat of a three-day strike by stevedores, though rescinded a few hours later was a clear warning.

Greece and China have reiterated a pledge to strengthen their "strategic partnership" on the economic and possibly military fronts. This emerged during a meeting between Greek Prime minister, Antonis Samaras and Chinese President Xi Jinping on the...

China Cosco has ordered 10 bulker newbuildings at Chinese yards for a total of $262.5m.

Cosco Container Lines Americas Inc (CCLA) will close most of its offices in the US and consolidate them into a larger North America Operation Center as part of a restructuring move.