Since it’s a state-owned enterprise, so COSCO has to take more social responsibility than foreign shipping companies and control more tightly on the price. Freight rates are regulated, especially by COSCO. Why can ship owners increase freight rates at will, and increase freight rates to sky-high prices?Īnswer: It is impossible for any ship owner to do so. The only difference is that the factory and foreign trade companies book the space for themselves, and the freight forwarder will resell the space.ĬOSCO and freight forwarder are only the relationship of carrier and principal, so COSCO has no supervisory right over freight forwarder. So COSCO can not restrict them.
If the freight forwarder raises the price, why doesn’t COSCO restrict them?Īnswer: The freight forwarder is also regarded as the customer of COSCO.įrom the view of COSCO, freight forwarders, like factories and foreign trade companies, are all COSCO customers. Whether it is a large freight forwarding company, a small factory, or even a self-employed person, you can contact COSCO to book the space by yourself. Anyone can consult, book and feedback through COSCO’s public official account, website, and 400 hotline. (COSCO contact info listed at bottom)ĬOSCO treats all customers equally. Does COSCO have a agent/dealer?Īnswer: No, COSCO does not have a “exclusive agent” or other agents.ĬOSCO is an open platform. Can we get the owner’s price by booking directly with COSCO?Īnswer: COSCO SHIPPING Lines is mainly engaged in international maritime container transport services and related businesses.Why can ship owners increase freight rates at will, and increase freight rates to sky-high prices?.If the freight forwarder raises the price, why doesn’t COSCO restrict them?.
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