Cosco News Updates

Some carriers are canceling bookings temporarily, skipping some port calls, warning of delays and implementing surcharges to transport containers through the conflict zone. 

The Hong Kong-based conglomerate said in a separate stock exchange filing that it will “vigorously pursue” the case under the rules of the International Chamber of Commerce.

Supply continues to expand at a record pace, with a projected 36% surge in new vessel capacity from 2023 to 2027. On the flip side, demand for container shipping is expected to contract 1.1% in 2026.

Cosco Shipping, already expected to report weaker third-quarter earnings, could face an additional $1.5 billion to $2.1 billion in fees in 2026.

A proposal from the U.S. would put million-dollar levies on Chinese ships docking in the U.S. It's aimed at curbing China’s dominance of shipbuilding, logistics and maritime industry.

HONG KONG — The U.S. Defense Department has added dozens of Chinese companies to a list of companies it says have ties to China’s military, prompting some to protest.

The global container shipping industry saw profits surge to more than $10 billion in the second quarter on record volumes and rising freight rates after Red Sea diversions.

LOS ANGELES — Companies linked to two cargo ships accused of damaging a pipeline months before it ruptured have agreed to pay $45 million to settle lawsuits brought by business owners and residents.

The German government is close to reaching a compromise over a disputed sale of a stake in a Hamburg container terminal to China’s state-owned shipping conglomerate Cosco Shipping Holdings Co.

The U.S. lifted sanctions against a unit of China’s biggest shipping company that was accused of hauling Iranian crude in violation of American restrictions.