COSCO opens new services as European trade leaps 70%
BEIJING - China's COSCO Shipping Lines on Sunday marked the opening of an additional regional service of container shipping connecting China with the ports of Northern Europe and 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, noting that the intra-Europe trade saw an annual increase of 70% over the last two years.
COSCO is offering a total of 12 services now in the region of Northern Europe and the Mediterranean.
COSCO says the new service will help its own feeder service grow from several individual lines to a collaborative net, a development that will improve the shipping lines' service ability and quality in the region. www.webershandwick.cn (ATI).