Cosco Shipping Development has announced that the company has entered into the sale and leaseback arrangement for four container ships via its subsidiary to provide funds and expand financing channels.
Cosco Shipping International has warned of a significant decrease in revenue amid an alleged fraud involving debts owed by its indirect wholly-owned subsidiary to embattled bunker supplier Coastal Oil Singapore.
Cosco Shipping Energy Transportation announced has organisation restructuring plan with newly named departments for VLCCs and tanker operations.
Abu Dhabi Ports and China Cosco Shipping subsidiary, Cosco Shipping Ports, have inaugurated the $300m CSP Abu Dhabi Terminal at Khalifa Port in the UAE, an investment that ties the emirate into Beijing’s Belt and Road Initiative (BRI).
Cosco Shipping Ports (CSP) is adding two more berths to its joint venture terminal in Singapore with PSA Corp.
China and Greece intend to use the shipping industry to expand relations between the two with China's Transport Minister, Li Xiaopeng saying his country made the geo-strategic choice to strengthen bilateral economic and trade cooperation with Greece.
The Piraeus Port Authority (PPA) reported record profits for the first half of the year, and though the upward trend continues the Cosco Shipping-controlled port company's ceo warned official foot-dragging is holding back development plans.