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Long Beach Asks: ‘Who Wants to Be a Millionaire?’

The Port of Long Beach is offering a US$1 million incentive to the first oceangoing vessel to commercially bunker methanol at the Southern California gateway, marking one of the most aggressive efforts yet by a North American port to accelerate adoption of lower-carbon marine fuels. Approved by the Long Beach Harbor Commission at its May meeting, the new “Clean Fuel Bunkering Challenge” is designed to encourage carriers, fuel suppliers and terminal ... [+]

MPV, Heavy-lift Shipping on Firmer Footing, MSI

The multipurpose and heavy-lift shipping market entered 2026 on a firmer footing, according to the 20th edition of Market Sentiment Index (MSI) from One World Shipbrokers, which recorded its third consecutive quarterly rise to 53.4 in the first quarter. The index points to modest improvements in short-term cargo volumes and sustained ... [+]

Carriers Face Finances, Overcapacity, Drewry

Global container shipping in 2026 is facing worsening overcapacity and sharply reduced profitability, according to a new report from Drewry, the London-based maritime research and consultant. Drewry’s latest analysis, Container Shipping Financial Health Check 2026, warns that weakening carrier finances and continued fleet expansion will reshape market conditions for North American ... [+]

Cosco Hope and YM Warranty to call WWT

The Cosco Hope and all subsequent SAX vessels will now call the Port of Savannah’s Wando Welch Terminal (WWT). Additionally, the YM Warranty and all subsequent EC2 vessels will now call the Wando Welch Terminal. The WWT is now open for receiving for the Cosco Hope and ... [+]

MOL and COSCO Sign a MOU on LNG and Ethane projects

Mitsui O.S.K. Lines, Ltd. and COSCO SHIPPING Energy Transportation Co., Ltd., which is a subsidiary of China COSCO Shipping Corporation Limited, signed a Memorandum of Understanding ("MOU"). The MOU recognizes and further develops the joint cooperation between the two organizations, for future LNG carrier projects and Ethane carrier projects. Over more than ... [+]

COSCO, Bolloré sign MoU to develop new synergies

Cosco Shipping Lines and Bolloré Transport & Logistics signed a strategic Memorandum of Understanding in Shanghai on January 29, 2019. The two companies, partners for over 20 years, want to densify their commercial relations while exploring new opportunities for cooperation in transport, logistics and port infrastructure. Through this agreement, the two ... [+]

Cosco subscribes to Cargotec’s Navis’s N4 terminal operating system

Navis, part of Cargotec's business area Kalmar, has entered into a subscription agreement with Cosco Shipping Ports Ltd. (CSP) for the Navis N4 terminal operating system (TOS). With the N4, Cosco aims to further enhance the efficiency of its port operations.  CSP is one of world's leading ports operators. Presently it ... [+]

Cosco-OOCL merger to create world’s third largest shipping line

China’s Cosco Shipping confirmed market talk on 9 July when it announced that it was buying a nine-tenths share of Hong Kong-based Orient Overseas International, parent company of OOCL, with Shanghai International Port Group (SIPG) taking the remaining 10%. The deal is subject to regulatory approval, but has been accepted ... [+]

Port of Savannah Receives Huge COSCO Development

The Port of Savannah marked by welcoming the COSCO Development  - the largest containership to ever to call on the U.S. East Coast, on May 12. More than 5,500 containers crossed the GPA's docks from the single vessel, a record for Georgia's ports. Georgia Gov. Nathan Deal, port officials and ... [+]

Biggest Vessel in Port’s History Calls

At 1,200 feet long and 158 feet wide, the containership COSCO Development is a behemoth. It is 100-plus feet longer that the U.S. Navy’s newest aircraft carrier, the Gerald R. Ford, and is bigger than any containership to call The Port of Virginia® and the U.S. East Coast.  The vessel ... [+]

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