COSCO, CMA Terminals link up

Chancay port, nearing 70% completion, aims for inauguration in November with a $3.5 billion investment from Cosco Shipping.

Looking ahead to 2024, the group will continue to strengthen its globalization strategy.

Despite challenges such as longer sailings due to the Red Sea situation, carriers have managed to maintain service schedules by introducing more ships.

The OCEAN Alliance “DAY 8 Product” will offer a set of solutions to transport their goods, in particular to and from Asia.

Chief Executive Officers of COSCO, CMA CGM, Evergreen, and OOCL have signed a Memorandum of Understanding to extend the OCEAN Alliance until 2032.

The contract, which is for three hybrid straddle carriers, has been placed by CMA Terminals for its SAMR container handling facility on Réunion Island.