In Depth: Cosco Alters Course in the Face of Shipping Headwinds
As the global shipping industry runs out of steam from the pandemic boom, China’s state-owned giant Cosco Shipping Holdings Co. Ltd. is pouring billions of dollars into a strategic shift.
The world’s fourth-largest operator of container ships is expanding its stakes in mammoth cargo-handling ports including an investment in Germany’s Port of Hamburg. It’s also investing in new dual-fuel container ships, getting into the massive automotive manufacturing supply chain business, and repositioning itself as an investment platform and logistical solutions supplier.
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