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News

Cosco to add two more vessels on Yangluo-Yangshan shuttle

28 November 2012
Cosco has told YBS that it plans to increase its capacity on the Yangluo-Yangshan shuttle service by adding two new vessels around April or May next year. The new vessels, each capable of carrying 350-400 TEU, will allow the shipping line to increase its number of shuttle services between Wuhan and Shanghai from two to three weekly.

Yin Tao, head of Cosco’s inland shipping service in Wuhan, said that business on the route was good, with a 95 per cent full-load rate outbound for Shanghai and 90 per cent inbound. At the moment, Cosco deploys a fleet of three vessels on the route, with a total capacity of 900 TEU.

The Yangluo-Yangshan shuttle service, operated by four shipping lines including Cosco, is subsidised by Wuhan New Port Authorities in its efforts to improve reliability for shippers. Shipping lines are awarded Rmb60,000 per journey on condition that 85 per cent of their services over a period of three months achieve a target of reaching Shanghai within 72 hours.

     
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