Cosco to increase arctic voyages this summer

Cosco to increase arctic voyages this summer

Cosco Shipping Specialized Carriers, the special purpose vessel unit of China Cosco Shipping, is going to deploy more than ten vessels on Arctic voyages between China and Europe this summer, the company revealed at the World Transport Convention in Beijing.

Since Cosco Shipping’s MPP vessel  Yong Sheng completed the company’s first Arctic voyage in 2013, the company has deployed 10 vessels in total on Arctic routes in the past few years, completing a total of 14 voyages.

Arctic voyage expansion is an important part of the company’s future development strategy, with an aim to commence routine navigation through Arctic waters.

China released its first official Arctic policy white paper in January this year. In the paper, the government said it would encourage enterprises to build infrastructure and conduct commercial trial voyages, paving the way for Arctic shipping routes that would form a “Polar Silk Road”.

Jason Jiang

Jason is one of the most prolific writers on the diverse China shipping & logistics industry and his access to the major maritime players with business in China has proved an invaluable source of exclusives. Having been working at Asia Shipping Media since inception, Jason is the chief correspondent of Splash and associate editor of Maritime CEO magazine. Previously he had written for a host of titles including Supply Chain Asia, Cargo Facts and Air Cargo Week.

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