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| A Cosco Shipping vessel at DP World Fairview (image from PRPA) |
With the container shipping industry in some challenging financial times, a significant logistics move this week from the COSCO shipping line.
With a number of reports from the global shipping media reporting that the giant shipping line has decided to withdraw its express China-Canada-US intermodal service. The last transit taking place in late November.
The service was a centre piece of their shipping plans through Prince Rupert, something which we took note of when it was introduced in October of 2021.
The story from the maritime shipping publication Container News notes of the scope of the transit which had used five ships to move containers from Chinese ports to Prince Rupert and on to inland ports in Canada and the USA by way of CN Rail.
The vessels that were used on the CEN-Express service have since been redeployed to the COSCO Pacific Northwest Services.
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| According to reports in the Maritime industry media, The COSCO Shipping Line has decided to discontinue it's Express Service between Prince Rupert and China |
Those who watch the harbour will still be seeing Cosco ships making port calls at the DP World facility at Fairview Terminal; the regular transits for the shipping line on its other Trans-pacific routes will continue, only the express route has reportedly been curtailed by the company.
That is the case at the moment, with the COSCO Auckland currently in place until December 10th at Fairview North
The latest statistical review by the Prince Rupert Port Authority shows volumes down slightly at the DP Fairview Container Facility as of the end of October.
The North Coast Review has forwarded emails to both the Prince Rupert Port Authority and DP World to gain some insight into the impact on the local DP World Fairview Facility, but have not to this point received any reply.
We'll follow up on the story should some further details become available.
For more notes related to the Port and DP World see our archive pages below:
It is far from challenging financial times for ocean carriers.
ReplyDeleteThis is simply a right sizing of vessel allocation due to demand.
This expedited service was designed for beneficial cargo owners in the mid west who were looking to circumvent Long Beach & Oakland congestion. That congestion has subsided.
Helloooooo port employee!
DeleteI wonder if the Port will deny this as bad news because their poop simply cannot be allowed to stink!
ReplyDeleteCOSCO is part of the Ocean Alliance of carriers. Every year they update their routes and allocations. Last year they had 14 trans pacific, this year they will have 12.
Deletehttps://theloadstar.com/no-dramatic-change-to-ocean-alliance-network-but-capacity-set-to-spike/
Business as usual.