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COSCO Shipping banks on new Atlantic route for growth

By Wang Ying | China Daily | Updated: 2019-05-22 07:20

A vessel fully loaded with paper pulp left Punta Pereira Uruguay in South America and headed for its destination in Western Europe in the beginning of 2019, marking COSCO Shipping's first regular service in the Atlantic Ocean.

Since officially launching the Tramp-Liner service in the Atlantic by M.V. Tian You, which arrived in the Port of Flushing in the Netherlands and Port of Brake in Germany in February, COSCO Shipping Specialized Carriers Co Ltd will make monthly voyages with about 270,000 metric tons of pulp in 2019, according to Chen Feng, general director of marketing and sales, COSCO Shipping Specialized Carriers.

Atlantic routes play a major role in global shipping as about three-fifths of global ports are scattered along the Atlantic Ocean, accounting for two-thirds of the international trade and for three-fifths of the throughput, said Chen.

COSCO Shipping banks on new Atlantic route for growth

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