All Cosco articles

  • Cosco_shipping_containers
    Article

    Cosco Shipping Lines hit by cyber-attack

    2018-07-31T10:59:00Z

    Cosco Shipping Lines has restored network services to its America regions following a ransomware attack that took out local email and telephone connections last week, delaying services and temporarily affecting its global business. On July 25 the company was forced to isolate internal networks and shutdown connections within its American ...

  • Piraeus_car-terminal3
    Article

    Piraeus bumps up handling charges for vehicle imports

    2018-02-07T10:25:48Z

    The Greek port of Piraeus is increasing the amount it charges for finished vehicle handling by more than 34% in a move that has taken those loading and unloading vehicles there by surprise. According to the current schedule, rates for a car under 3 tonnes are increasing from €33.92 ($41.8) ...

  • Deals
    Article

    Sharp rise in global transport and logistics deals in third quarter

    2017-10-30T16:20:36Z

    The latest PWC Deals quarterly report on the global transport and logistics (T&L) sector has revealed a 37% increase in the value of mergers and acquisitions, compared to a year earlier. Overall, the sector reported 71 transactions (up 15% year-on-year) worth $43.3 billion during the third quarter of the year, ...

  • Cosco OOCL container_opt
    Article

    Cosco Shipping makes $6.3 billion bid for OOIL

    2017-07-12T15:02:19Z

    Cosco Shipping lines is leading a bid to buy rival Orient Overseas (International) Ltd (OOIL) for HK$49.25 billion ($6.3 billion), as consolidation in the shipping industry continues. OOIL is the seventh largest container shipping company in the world, with extensive container shipping routes and networks. Cosco Shipping is currently the ...