COSCO Shipping Lines volumes up 12.4%
COSCO Shipping Lines reported a 12.4% year-on-year increase in throughput in the first of half 2018, citing economies of scale and improved management as volumes hit 11.24m teu.
The carrier also announced a 15.8% increase in capacity, which hit 2m teu for the first time, and at the end of June 2018 the company’s fleet totalled 393 container vessels.
The company has utilised approximately 60% of its fleet size, around 189 vessels and 1.25m teu, along the routes of the Belt and Road Initiative, where the company has 274 berths under operation.
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