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In Depth: Cosco Alters Course in the Face of Shipping Headwinds

By Li Rongqian, Bao Yunhong and Bonnie Cao
2022年11月24日 16:49
As the global shipping industry runs out of steam from the pandemic boom, the Chinese state-owned giant is pouring billions of dollars into a controversial shift in business strategy
Cosco Shipping’s container ship Cosco Pride gets unloaded on Oct. 26 at the Tollerort Container Terminal in Hamburg, Germany. Photo: VCG

As the global shipping industry runs out of steam from the pandemic boom, China’s state-owned giant Cosco Shipping Holdings Co. Ltd. is pouring billions of dollars into a strategic shift.

The world’s fourth-largest operator of container ships is expanding its stakes in mammoth cargo-handling ports including an investment in Germany’s Port of Hamburg. It’s also investing in new dual-fuel container ships, getting into the massive automotive manufacturing supply chain business, and repositioning itself as an investment platform and logistical solutions supplier.

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