Industry Marketing News

Cosco to Restore Capacity on Trans-Pacific Lane

Cosco Container Lines said Tuesday it will restore capacity on its weekly North China-U.S. Southwest Express service by bringing back six 7,500-TEU vessels to replace the six current 5,500-TEU vessels. The Chinese carrier will start adding the larger capacity vessels to the string on April 24 and phase all of them in by the end of May.

A company spokesperson said, “It should be noted however, that we are still in a precarious position as far as current freight levels and the rising cost of moving cargo,” the spokesman said.

From the Journal of Commerce, April 13, 2010