Caixin
Nov 24, 2022 04:49 PM
BUSINESS

In Depth: Cosco Alters Course in the Face of Shipping Headwinds

Cosco Shipping’s container ship Cosco Pride gets unloaded on Oct. 26 at the Tollerort Container Terminal in Hamburg, Germany. Photo: VCG
Cosco Shipping’s container ship Cosco Pride gets unloaded on Oct. 26 at the Tollerort Container Terminal in Hamburg, Germany. Photo: VCG

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.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
NEWSLETTERS
Get our CX Daily, weekly Must-Read and China Green Bulletin newsletters delivered free to your inbox, bringing you China's top headlines.

We ‘ve added you to our subscriber list.

Manage subscription
PODCAST
China Stories: The Rural Hardship Behind the Mine Murders That Shocked China
00:00
00:00/00:00