COSCO launches new lines to S America

COSCO Shipping Specialized Carriers Co Ltd, the world's largest specialized shipping operator by fleet size, will add service routes from China to eastern regions of South America as well as Europe within this year to meet soaring transportation demand for large industrial goods and other oversized cargoes, said a senior executive on Thursday.

The State-owned company began to run a new shipping line from Taicang port, East China's Jiangsu province to Chile, South America on Thursday－a maritime route with severe capacity shortages under current market conditions.

With more than 1,000 commercial vehicles at its avail, new ports of call in South America are Valparaiso and Lirquen in Chile. Guangzhou-based CSSC said that monthly service will be available for its customers. It will add shifts based on market demand for these shipping routes in the coming months, said Cai Liancai, CSSC's vice-president.