COSCO ramps up shipping services in Latin America

For COSCO Shipping, the world's largest fleet of specialized carriers and multipurpose vessels, a new leg in its pan-Latin America journey has begun.

With tons of construction materials shipped to Port of Bahia Blanca, Argentina; hydropower equipment bound for infrastructure projects in Chile; and a large amount of Brazilian soybeans transported by bulk vessels to China's Qingdao port, the presence of the company, owned by China Ocean Shipping (Group) Co, has expanded to eight Latin American countries this year.

Han Guomin, COSCO Shipping's general manager, said the continent's hunger for new trade opportunities, infrastructure improvements and another round of industrialization have pushed eager manufacturers from China and other parts of the world to load their products onto ships heading to Latin America.