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.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Sea Cargo Charter hesitates to raise climate ambitions

The climate ambitions of the Sea Cargo Charter initiative have been criticized by several members, but it seems they still don’t stand to be raised, Chair Jan Dieleman tells ShippingWatch. For over a year, the initiative has considered raising the bar.

Further reading

Related articles

Latest news

See all jobs