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Shipping rates continue to increase out of China, up 1.7% week to week as of the 14th. This was driven by increases in China to Europe rates, up 4.1% week to week and up 126.0% since the end of 2020. Carriers are likely enjoying these increased rates, posting increased profitability at the ... Read more →
Cosco Shipping Lines Co Ltd
Shipping Company Profile
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SCAC: COSU
Shipments Processed
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15,064,956Shipments Processed (U.S. Imports)
Shipments by Month
TEUs by Month
Research
Suppliers
581,247
Suppliers shipping with COSU
Buyers
965,299
Buyers shipping with COSU
Top COSU Buyers
Vessels
22,916
Vessels used by COSU
Top COSU Vessels
Foreign Ports
395
Foreign Ports used by COSU
Top COSU Foreign Ports
- Shanghai
- Yantian
- Ningbo
U.S. Ports
140
U.S. Ports used by COSU
Top COSU U.S. Ports
- Port of Long Beach
- New York Newark Area
- The Port of Los Angeles
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Top Supplier Locations
loading map...Shipment Statistics for Cosco Shipping Lines Co Ltd
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15,064,956Total shipments
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36,036,376 TEUsTotal volume
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2.39 TEUsAverage shipment size
Shipments by month
Shipment Market Share (%)
TEUs by month
TEU Market Share (%)
Recent Panjiva Research about Cosco Shipping Lines Co Ltd
ZIM leads 2M, Ceva imports surge in November
Carrier and forwarder markets in November were affected by the continuing rise in ocean freight rates, up 1.2% on average after a lull in October. China to U.S. west coast routes were particularly affected, up 4.2% week to week as of Dec 10, and up 23.8% since the end of July. Other routes ... Read more →
ZIM, MSC lead 2M import growth in October
Carriers have continued to benefit from the surge in imports, increasing profits over previous years due to a positive volume and rate environment. This totaled 48.1 billion in Q3 and will likely impact the strategy and plans of carriers into the new year. Carriers are likely warry of allow... Read more →
Dollarama, Dick’s may face peak season disruptions as Ningbo Zhoushan closes
The Meidong Container Terminal at Ningbo Zhoushan Port in China has had to close due to a COVID-19 outbreak. A similar event at Yantian in May and June took almost a month to ultimately resolve. Shipments from Ningbo to the U.S. represented 19.0% of U.S. seaborne imports from China in the 1... Read more →
Shipping alliances face risk of regulatory wave from Biden’s competition order
President Biden’s “Promoting Competition in the American Economy” Executive Order includes measures relating to the shipping and rail segments of the logistics industry. The provision for shipping appears modest and calls on the Federal Maritime Commission to “ensure... Read more →
Congestion, carbon costs overshadow continued container shipping boom
Container lines operating U.S.-inbound routes had another bumper month in May with total imports that rose by 47.1% year over year and by 25.0% compared to the same period of 2019. There are significant challenges ahead, however. In the short term, shipments from ports in southern China hav... Read more →
Maersk goes long as short-term shipping volumes, rates remain elevated
Container lines running U.S.-inbound services continue to face elevated demand with total shipments up by 26.9% year over year and by 21.7% versus 2019 in the month of April. Strong demand in a fixed capacity (on a two to three year basis) industry has inevitably led to higher shipping rate... Read more →
Maersk, MSC restructure routes to rebuild reliability after raising market share
The container shipping firms are starting to restructure their services following prolonged network congestion. Maersk and MSC (the 2M shipping alliance) are restructuring their “pendulum” services which alternate between the Atlantic and Pacific oceans to “improve schedule reliability in t... Read more →
Maersk’s wild ride may be temporary, but still continuing in Q1’21
Container line Maersk reported a 16% surge in revenues in Q4’20 which included a 3.2% rise in volumes handled and a 17.7% rise in achieved rates in its ocean freight operations. The firm has noted that the increase in rates may prove “temporary” while it has also seen a dr... Read more →
Reliability to trump capacity while risking regulation as container lines blank sailings
The big three container shipping alliances have cut 24 sailings around the lunar new year holiday in an attempt to improve service reliability. For example, a surge in demand in Q4’20 combined with shortages of equipment have left Hapag-Lloyd with “no choice but to implement a c... Read more →
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