Cosco Shipping Holdings announced a massive newbuild order for 12 methanol-fuelled, 24,000 teu containerships from Dalian Cosco KHI Shipping Engineering and Nantong KHI Shipping Engineering.
Cosco Shipping Logistics, global supply chain and infrastructure investment company GLP (Shanghai) and the Chinese retailer Zhejiang China Commodities City Group will establish joint venture to develop digital cross-border logistics services.
China’s largest shipping corporation, Cosco Shipping Group, claims to carry one-tenth of the world’s cargo and operates over 5% of the world’s fleet by deadweight.
Cosco Shipping Holdings announced that subsidiary OOIL has entered into a new shipbuilding contracts with domestic yards for the construction of ten 16,000teu containerships at a total cost of $1.576bn.