Ambitious Cosco’s spending spree takes box ship orderbook to new high

China’s Cosco Shipping has its sights becoming a top-three carrier by adding more ships, potentially pushing Maersk Line down the pecking order. Last week, the liner operator commissioned a dozen 22,000 teu LNG dual-fuelled ships from Shanghai Waigaoqiao Shipbuilding and six  at 3,200 teu from CSSC Huangpu Wenchong Shipbuilding. The large ships, to be delivered between 2028 and 2030, are priced ar Read full article →