Cosco Shipping will begin to transfer its intra-European feeder operations to a newly founded German subsidiary from the middle of next week.
The Chinese shipping giant will hand its European feeder business to Hamburg-based Diamond Line on 15 January.
The new company will take intra-European shipments which were previously handled by Cosco Shipping Lines (Europe).
Diamond was incorporated in Germany in July 2019 and is seen as a statement of Cosco’s ambition to strengthen its foothold in the intra-European liner sector.
