Industry News

China’s COSCO Shipping Lines on Sunday marked the opening of a new regional service of container shipping that connects the ports in Northern Europe and those in the Mediterranean Sea.

Addressing the opening ceremony in Istanbul, Tian Dong, vice president of COSCO Shipping (Europe), described the new direct service as a “milestone” for the shipping lines, as it is provided by a Chinese company for the first time in the region.

With the latest move, the shipping lines is rolling out the business of intra-Europe trade across the whole European region.

Tian noted that the intra-Europe trade saw an annual increase of 70 percent over the last two years, with the shipping lines offering a total of 12 services now in the region of Northern Europe and the Mediterranean.

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