Cosco Targets 2 Mln TEUs by 2018

Image Courtesy: Cosco

China Ocean Shipping Company (Cosco) has revealed its plans to hit a 2 million TEUs operational capacity mark by the end of 2018, according to China Daily.

The company has increased its aim in an effort to seize a larger slice of the cake, known as the East-West and South-North routes.

Namely, Cosco is looking to expand beyond the usual container shipping services on Asia-Africa and China-Southeast lines, and focus on the major shipping lines, in particular, Asia-Europe and Asia-America.

Ranking fourth in the world of container shipping operators, after the Danish Maersk Line, Swiss Mediterranean Shipping Co SA, and French CMA CGM SA, Cosco intends to compete with its three European rivals for more volume.

China Daily quoted the company’s general manager, Wan Min, as saying that the share of Chinese companies in major shipping lines is relatively small, adding that the new goal would boost Cosco’s capacity.

The company currently owns 1.58 million TEUs of the world containership capacity.

World Maritime News Staff

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jan 2017 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 31 1 2 3 4 5

10th annual Border Security Conference

The 2017 conference will possibly be the most relevant and topical event to date as we enter our 10th successive year. With the rise of cross…

read more >

4th Ship Recycling Congress

The two day conference will consist of a number of informative presentations followed by interactive Q&A sessions, panel discussions…

read more >

Maritime Reconnaissance and Surveillance Technology 2017

After last year’s huge success the SMi Group is proud to announce the 2nd Maritime Reconnaissance and Surveillance Technology. The event…

read more >

Euromaritime 2017

The Euromaritime event will take place in Europe for three days. This is one of the major and influential trade events dealing with marine…

read more >