China Cosco Holdings Co., the nation’s largest container-ship operator, expects to win its targeted rate increase in new contracts as world trade rebounds and shipping lines curb capacity. “I’m full of confidence” about the on-going annual contract negotiations, the Cosco President said in a March 12 interview in Beijing. “The full recovery has yet to come but we are on the road to recovery.” … The Transpacific Stabilization Agreement group of shipping lines has agreed to seek an $800 increase in contracts due to start around May 1. Other members include Maersk, Evergreen Marine Corp., Asia’s biggest container-shipping line, and China Shipping’s container unit.
