Cosco taps burgeoning market

China Cosco Holdings will control carrying capacity through postponing new ship delivery and tap the burgeoning market in the container transportation field, according to general manager Zhang Liang, SinoCast reported.

Zhang predicts that the company will witness a growth of 5.4 percent and 7.5 percent respectively for its carrying capacity and freight amount of containers in 2010.

Meanwhile, the company will extend reach into the shipping market of Vietnam, Southeast Asia and South America, besides the operation of exiting routes to Europe and the US, in a bid to improve its network construction around the world.

Source: Cargo News Asia