The Business Times

Cosco shipping (sg)

Transport & Logistics

Construction of Jurong Island Logistics Hub Phase 2 reaches 3rd, 4th floors: Cosco Shipping

Demolition works for Phase 1 are also under way with minimal disruption to operations

While all confirmed bookings will be cancelled, cargo that has already arrived will be processed as normal, the outlet says.
Transport & Logistics

China’s Cosco halts Panama port operations as tensions rise

The Balboa port is one of two terminals along the strategic Panama Canal

Cosco’s fees could be as much as US$1.53 billion next year – nearly half of the US$3.2 billion projected for the top 10 cargo carriers.
Global Enterprise

US port fees, and US$3 billion in costs, loom for owners of Chinese-built ships

Uncertainty over looming Oct 14 port fee deadline unsettles carriers, adding geopolitical risk to global fleet strategies

Cosco Shipping Corporation’s response marked the first reaction by the Asian nation’s maritime sector, after the US put forward a plan last week to impose fees on Chinese-built and -owned ships.
Global Enterprise

China’s Cosco warns US levies risk upsetting global shipping

The latest US proposal has been watered down from an earlier version, but keeps pressure on Chinese ship operators and shipbuilders

The reopening of Red Sea routes – expected at some point in the course of the year – could reduce container shipping demand by around 6 per cent.
Global Enterprise

Shipping profit boom evaporates on US tariffs, Red Sea reopening

Increased levies on Chinese goods will likely reduce container volumes by 1.5 to 2 percentage points in 2025

Cosco was sanctioned in 2019 for hauling Iranian oil, with those penalties lifted in 2020.
Companies & Markets

China’s biggest shipping line added to US military blacklist

COSCO Shipping Holdings, China’s biggest marine transport line, has been blacklisted by the US government for alleged links with the People’s Liberation Army.

The second phase of Cosco Shipping's logistics hub aims to address the growing demand for specialised logistics services serving the petrochemical and chemical sectors in Jurong Island, which houses Singapore’s major petrochemical hub.
Companies & Markets

Cosco Shipping begins building expanded logistics hub on Jurong Island

When completed, the capacity of the hub will be almost double what it is currently

Cosco Shipping's board is not proposing a dividend this year, the same as in FY2022.
Companies & Markets

Cosco Shipping returns to black in FY2023, as H2 net loss narrows significantly

LOGISTICS management service provider Cosco Shipping International (Singapore) on Thursday (Feb 29) recorded a full-year net profit of S$1.9 million, reversing from an S$88.6 million loss a year ago.

Cosco Shipping Int'l to sell 60% stake in Singapore unit for US$42.4m
Companies & Markets

Cosco Shipping Int'l to sell 60% stake in Singapore unit for US$42.4m

MAINBOARD-LISTED logistics management service provider Cosco Shipping International on Thursday announced the proposed disposal of a 60 per cent stake in Cosco Shipping Singapore for US$42.4 million i...

Cosco's FY2022 results were affected by a non-cash impairment of goodwill from its acquisition of Cogent Holdings.
Companies & Markets

Cosco Shipping says it expects to post net profit for FY2023

LOGISTICS management service provider Cosco Shipping International (Singapore) said it expects to report a net profit of approximately S$1.9 million for its financial year ended Dec 31, 2023.

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More