COSCO is set to launch more mega box ships in Q2 this year boosting capacity on the Asia-Europe trade
Capacity will be boosted on the Asia-Europe trade in Q2 with COSCO launching more mega box ships.
COSCO will phase in three more 20,998-TEU newbuilds in April and May after their delivery by Shanghai Waigaoqiao Shipbuilding.
COSCO Shipping Galaxy and COSCO Shipping Solar will be phased into the OCEAN Alliance NEU1 Asia-Europe service in April, according to PR News Service, while the third vessel, COSCO Shipping Star is slated to be phased into the same service n May. The trio of vessels will replace vessels of 18,900 TEU.
At least two of the 18,900-TEU vessels replaced on the NEU1 service by this move will be switched to the Asia-Middle East trade, bringing about a substantial increase in weekly capacity, reported PR News service.
This follows other moves by COSCO to boost capacity on the Asia-Europe trade. The final two 20,000-TEU COSCO newbuilds have now been phased onto the FAL2/AEU3/LL2/FX2/NE3 service leading to 11 20,000-TEU ships, boosting weekly capacity by 40.4% at the end of October 2018 compared to January 2018.