Cosco Shipping Specialized Carriers has exercised its options at Dalian Cosco Shipping Heavy Industry to build four multi-purpose pulp carriers.
Cosco Shipping Ports and Peruvian mining company Volcan Compañía Minera have entered into the subscription and investment agreement with Terminales Portuarios Chancay (TPCH), the Chinese company’s first investment in South America.
China’s central government is planning the consolidation for several industry sectors to optimise the state-owned regional assets structure and reduce horizontal competition.
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).