China is closing in on Japan as the world’s largest importer of LNG mainly driven by the government’s environmental protection requirements, the increasing demands of LNG consumption, and the development of new LNG terminals.
China’s Cosco Shipping Lines is planning to complete the installation of scrubbers on 10 of its existing containerships by this year, ahead of the IMO 2020 sulphur cap regulation.
Political and financial interests remain at loggerheads over the future China's Cosco Shipping’s investment plan for Piraeus, one of the leading Mediterranean leading container ports.
Cosco Shipping Lines, the container shipping arm of Cosco Shipping Group, is to launch a service from Yangpu in Hainan, China to Yangon, Myanmar on 18 June.
Cosco Shipping Specialized Carriers is setting up a European office in Rotterdam.
Singamas Container Holdings has entered into an agreement with Cosco Shipping Financial Holdings to sell its entire interest in five of its companies in China for a total of RMB3.8bn ($565m) in cash.
Cosco Shipping Bulk has inked a contract for eight 210,000 dwt bulk carriers newbuildings, plus options for two more with Cosco Shipping Heavy Industry in Yangzhou, Jiangsu province.
Cosco Shipping’s ‘honeymoon period’ between it and the Greek state is essentially over, following the rejection by the state of much of Cosco’s investment plan for Piraeus port.
China Cosco Shipping Corporation has officially established Cosco Shipping Investment (Dalian) with an aim to invest in and develop new businesses in Northeast China.
Greek businesses and Chinese scholars voiced confidence in the prospects of Sino-Greek cooperation in the context of the Belt and Road Initiative (BRI) during a forum in Piraeus, Greece’s largest port which in recent years has become a strong symbol of the win-win bilateral cooperation between the two countries.