Cosco

The U.S. Treasury Department's Office of Foreign Assets Control (OFAC) announced Friday it has lifted economic sanctions against COSCO Shipping's oil tanker operations. The department did not explain the reasons for lifting the sanctions. OFAC imposed sanctions against the Chinese tanker operation...

In today's episode we honor American Shipper founder David Howard, talk about the logistics of Christmas, from spruce to trade truce, COSCO's $1.8B bet on fleets, plus mounting holiday returns near critical mass, Foreign Trade Zones, and more. Rewatch the live video Listen to more FreightWaves...

COSCO SHIPPING Holdings Co. Ltd. (HK:1919) reported operating profit of 1.57 billion yuan renminbi ($221 million) in the third quarter of 2019, more than double the 600 million yuan earned in the third quarter of 2018. Net profit amounted to 1.356 billion yuan in the third quarter of 2019, about...

The annual "Investor Day" event is a major production for any large public company. It's all-hands-on-deck for investor relations teams and top management. PowerPoint slides and speeches are fine-tuned, responses to predicted questions rehearsed, thematic takeaways honed. The big day for ocean...

Trans-Pacific volumes and revenue up with OOIL acquisition, but stand-alone results reflect seasonal weakness. Cosco Shipping Holdings reported first quarter net profit that was up sharply from a year ago thanks to its addition of the results from Orient Overseas (International) Lines. The...