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HomeMaritime NewsRegionsAsiaChina Cosco scraps four vessels at a loss

China Cosco scraps four vessels at a loss

China Cosco scraps four vessels at a loss
China Cosco Group has sold four ships last month as part of the group’s fleet renewal plan.

During April this year, the state-owned shipping conglomerate disposed of two container vessels and two dry bulk carriers with a total tonnage of 261,800 dwt.

The disposals fetched a price of RMB65m ($10.5m) but led to a book loss of RMB59m.

The ships were owned by Cosco Bulk Carriers and Cosco Container Lines.

TAGS: Containers Dry Bulk COSCO ship recycling
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