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The heads of three subcommittees want greater scrutiny of the carrier’s vessels used on US services after a recent media report quoted Trump administration officials accusing China-backed Cosco of espionage in US ports.

The South Korean carrier gave no details on the price of each ship or the shipyards that will build and supply the vessels, but said delivery of all 12 is scheduled by December 2029, in line with its five-year 2030 growth blueprint.

While forwarders report a general easing of bottlenecks, they also point out there are still specific terminal hotspots within individual ports such as Shanghai where berthing delays exist.

Breakbulk-carrying ship capacity is being artificially skewed by global disruptions, leaving stowage space in high demand, attendees at the Port of Antwerp-Bruges Breakbulk Summit heard this week.

The company told analysts during its third-quarter earnings call some customers moved freight elsewhere after it increased truckload rates, only to return through mini-bids as they reassessed capacity and pricing.

Easing fuel prices and a rebound in discounting activity offered shippers relief in Q3, but peak season surcharges will turn up the heat.

“There are so many more opportunities today than there were when I started my business,” the managing director of Logistics Trends & Insights told Supply Chain Dive.