Wan Hai and Cosco step up box ship 'arms race' with more newbuild orders
Taiwan’s Wan Hai Lines has returned to South Korea for more newbuilding containerships, as it ...
Cosco is to omit its CSCL Brisbane and YM Evolution services into Felixstowe next week, after the eight-day strike by dock workers begins on Sunday.
Unite union negotiators walked out on discussions with the port authority last week, rejecting a 7% wage increase and £500 ($600) lump sum as being “fairly far away” from what its 1,900 members were willing to accept. It claimed that, with inflation above 10%, it was “effectively, a pay cut”.
The carrier said: “The port of Felixstowe work ...
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