The Loadstar





Subsidies from China keeping ambitious Cosco in calm financial waters

Cosco Shipping’s $251m net profit last year was largely thanks to $230m of subsidies from the Chinese government, according to Alphaliner
The consultant said the financial aid included $122m for vessel demolition and $107m in “other unspecified government subsidies”.
Alphaliner …


Australian truckers furious at more ‘unregulated’ port surcharge hikes

Truckers in Australia have lashed out over the latest round of controversial “port infrastructure” surcharges imposed by stevedores.
According to Peter Anderson, chief executive of the Victorian Transport Association (VTA), landside logistics operators are reeling from “huge” increases in surcharges …