Freight News, Sea


Lines sign Sino-European shipping deal

[ November 8, 2023   //   ]

Varamar DMCC has signed a commercial partnership with COSCO Shipping group company ASL Shipping & Logistics to strengthen their respective trades.

Varamar, a liner and tramp carrier that specialises in breakbulk, dry-bulk, oversized and containerized cargo, has up to now focussed on trade lanes connecting Europe with the Middle East, Asia and Far East, and also to Africa and the Americas. The recent expansion of Varamar to 10 international branches, in Antwerp, Hamburg, Genoa, Athens, Odessa, Istanbul, Dubai, Shanghai, Houston and Vancouver, has given it new ambitions. Varamar operates mainly in the 3,000-30,000 dwt tonnage size.

 The COSCO Shipping group, on the other hand, owns and operates larger (28,000 dwt- 60,000 dwt), bulk, multi-purpose and semi-submersible vessels, primarily focused at operating in Asia, the Middle East, Africa and the Americas.

As well as acting to help each other gain market share, the two entities will promote each other’s schedules, cooperate with joint marketing initiatives and share information on open tonnage.

The COSCO and Varamar fleets and schedules will be represented on the Shipnext platform.

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