Pasha/Costco terminates Transpacific service

Pasha has ended its involvement on the transpacific service operated exclusively for Costco with the last voyage made by the 2,756 teu CAPE ALTIUS that ended at Yantian on 1 June 2023. The ship has been re-let to Hapag-Lloyd for the remainder of its 40-44 month lease that started in March 2023. It is the last of the 11 ships that were chartered by Pasha on behalf of Costco for the Asia to US trade. Costco recorded a $93m charge in the fiscal quarter that ended on 20 November 2022 for the termin


Pasha to upgrade Costco Transpacific service

The transpacific extra loader service operated by Pasha exclusively for US warehouse retailer Costco will be upgraded to a regular service later this year. The Pasha/Costco service was launched on 12 August 2021 with the 2,741 teu POSEN, followed by the 2,741 teu AS CARLOTTA on 1 September 2021 and 2,194 teu QUEEN ESTHER on 3 October 2021. The 3 ships were chartered by Pasha on initial periods of 12 months at between $70,ooo and $80,000 per day. The service currently runs on an irregular sche

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