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...Cosco has a 60 per cent stake in the megaport, while Peruvian mining company Volcan holds the rest....
...More than 80 per cent of the world’s container shipping capacity is controlled by nine companies, including China’s Cosco and Switzerland’s Mediterranean Shipping Company, according to data provider Alphaliner...
...Shares of the Hong Kong-listed shipping and logistics subsidiary of Cosco, one of the world’s largest shipping groups, dipped 15 per cent after the company reported profits fell 86 per cent year on year...
...China Cosco’s Peruvian arm said a decision by authorities in Lima to seek to annul the exclusivity granted over the Chancay megaport affected the “security and legal stability of investment”....
...Of the $3.6bn cost of construction, $1.3bn has already been invested in the initial phase, according to Cosco....
...The other big alliance — the Ocean Alliance — between France’s CMA CGM, China’s Cosco and Taiwan’s Evergreen — controls 29.3 per cent of the fleet....
...China’s largest shipping company, state-owned Cosco, has been forced to reroute cargo away from the region, said Stefan Angrick, associate director and senior economist at Moody’s Analytics, raising the...
...Chinese lines’ move to the Red Sea comes after most big container shipping lines — including China’s Cosco, operator of the industry’s fourth-biggest fleet — abandoned the southern Red Sea because of the...
...Boxships from China’s state-owned Cosco are also making costly and time-consuming re-routings around the Cape of Good Hope....
...In June it signed a free trade agreement with Ecuador, while Beijing-backed Cosco is building a controversial megaport in Peru....
...It was still unclear on Wednesday evening whether the Cosco transaction could go through or be blocked....
...State-backed COSCO Shipping Development, which controls DFIC, acknowledged that production was spreading abroad but brushed aside concerns over the country’s command of container production....
...OOCL’s direct parent company, the $14bn investment holding group Orient Overseas (International), was acquired by Cosco in 2018....
...Profits at Cosco Shipping Development, the container manufacturing arm of state-owned shipping group Cosco, dipped 71 per cent in the first quarter of this year to Rmb398mn....
...The chancellor has clashed with cabinet colleagues over issues such as Chinese conglomerate Cosco’s purchase of a stake in a Hamburg port terminal, which Green ministers, including Habeck, had wanted to...
...Meanwhile, Michael Fitzgerald, deputy chief financial officer of Orient Overseas Container Line, part of China’s state-owned Cosco shipping group, said efforts by companies to reduce their dependence on...
...Cosco Shipping Ports is a Hong Kong-listed subsidiary of the state-owned company China Cosco Shipping Corporation, whose subsidiaries also provide support to China’s navy....
...According to Triton, shippers such as Denmark’s Maersk and Cosco of China appreciate opportunities to rent containers. Triton has said supply chain snarls during the pandemic boosted volumes....
...The government is also being forced to re-examine a contentious decision to sell a stake in a Hamburg port terminal to the Chinese shipping conglomerate Cosco....
...Security concerns have prompted Berlin in recent months to reconsider the use of Huawei equipment in the German telecoms network and review a decision to allow the Chinese shipping company Cosco to buy a...
...“As state-owned Cosco pulls out, other privately owned Chinese logistics players stay engaged, which suggests that Cosco pulled out of the port terminal project over political headwinds,” said Markus Taube...
...That sharper take is leading Berlin to re-examine, among other things, the recent plans to sell a minority share in a Hamburg port operator to the state-owned Cosco conglomerate, and the role of telecoms...
...Cosco is seeking to expand further....
...But, as the row over the Cosco deal showed, the government is deeply divided on China....
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