ShippingWatch

Cosco presents bleak view of the future of shipping

Cosco, whose container carrier recently entered a major collaboration with fellow Chinese company CSCL, and which could be about to join the CKYHE alliance, is anything but optimistic about the future of the shipping industry.

The global shipping industry can look forward to yet another troublesome year, as overcapacity in the market will put pressure on carriers' finances, says Ma Zehua, Chairman of China's biggest shipping group, China Ocean Shipping Group Co. (COSCO) in an interview with Reuters.

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

Further reading

Related articles

Latest news

See all jobs