As the global shipping industry runs out of steam from the pandemic boom, the Chinese state-owned giant is pouring billions of dollars into a controversial shift in business strategy

Cosco Shipping and Eastern Air Logistics have been enforcing stringent pandemic prevention measures

Top executive at China Cosco Shipping says there’s no short-term solution as Covid-related restrictions cause long queues off key ports in the U.S. as peak seasonal demand looms

Chinese container shipping giant joins global race to build new vessels amid a boom in demand for cargo transport

The shipping company’s 2020 profit jumped 46.7% to $1.5 billion as recovering logistics prices buoyed its bottom time