Liner shipping service reliability across the three core East-West trades hit a five-month peak in March with an aggregate on-time performance of 64 per cent, according to Carrier Performance Insight, an online schedule reliability tool provided by Drewry Supply Chain Advisors. Source: Drewry Carrier Performance Insight (http://cpi.drewry.co.uk) The latest result represents an 8.5 percentage point gain over February and is the second best average (after October 2014) since … [Read more...] about Shipping schedule reliability improving
Cosco
Cosco Wins US$30M Livestock Carrier Contract
Singapore-based Cosco Group has through its subsidiary Cosco (Guangdong) Shipyard Co., Ltd., secured a contract worth US$30 million to build one 4,500 square metre livestock carrier for an unnamed European client. The vessel is scheduled for delivery in the second quarter of 2016. Additionally, the ship owner has an option to contract Cosco to construct a vessel of similar characteristics within six months. … [Read more...] about Cosco Wins US$30M Livestock Carrier Contract
Chinese Cosco containership attacked in Suez
The 10,061 TEU (20-foot equivalent unit) containership Cosco Asia has said to have been attacked while transiting the Suez Canal on Saturday, according to press reports. Details of the alleged attack vary, with some reports claiming that two explosions were heard aboard the vessel, while others suggest the ship was fired at from shore, possibly with a rocket propelled grenade. The vessel is said to have experienced a fire and an explosion in a container on board, at 15:55 hrs on Saturday … [Read more...] about Chinese Cosco containership attacked in Suez
