COSCO hit by cyber attack

Container traffic increases at the largest box port in the US for the eight consecutive month.

The US and Japan are moving much closer together as the US looks to move quickly to remove China as a supplier of infrastructure and other systems it deems as critical infrastructure and/or a cyber security risk.

This decision is in response to the need to adapt to a new normality, driven by the necessity to circumnavigate Africa.

The Ocean Alliance with its 40 services across the main east-west network would dominate in all trade lanes apart from the transatlantic.

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

The semi-liner and tramp services company has entered into a strategic commercial partnership with the Cosco Shipping group affiliate