Cosco will challenge European dominance on key container routes

Chinese Cosco Shipping has ordered 14 new container vessels for USD 1.8 billion in order to boost its fleet between Asia and Europe, where carriers such as Maersk Line, MSC and CMA CGM currently dominate.

Photo: PR-foto/Hamburg Hafen Marketing Association

by OLE ANDERSEN

China's Cosco Shipping is upgrading its massive container fleet by ordering six mega-vessels newbuildings and a further eight newbuildings. The two contracts are valued at close to USD 1.8 billion in total, reports China Daily.

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