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Cosco to focus on logistics with large reorganization

As yet another example of container carriers expanding into logistics, Cosco will bank on overall logistics solutions via a large reorganization, the company writes in a stock exchange announcement.

Photo: Yu Fangping/AP/Ritzau Scanpix

Through a large-scale reorganization, the world’s fourth-largest container line, Chinese Cosco Shipping Holdings, aims to create a logistics unit, which is meant to form a cohesive supply chain together with container shipping.

As a reason for the reorganization, the carrier points directly to congestion and the strained supply chains following the Covid-19 pandemic.

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