Cosco Shipping sees liner business soften in third quarter
The world’s third largest container shipping operator reported only less than 2% increase in liftings over the period of June-September. Volume growth from its home-grown brand Cosco Shipping Lines was weak on almost all trade lanes
Company blamed a slowing global economy and an escalating trade war for the tepid container trade growth, but said the conditions were helped as pressure eased on the vessel supply side.