Seatrade Maritime is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Cosco restructures $5bn Philippines project

Cosco restructures $5bn Philippines project

Beijing: China Ocean Shipping (Group) Company (COSCO) has made the decision to restructure its proposed $5bn plan for a logistics and shipping hub in the Phillipines. Space constraints at the Subic and nearby Sangley Point deepwater ports may force the shipping giant to build its shipyard at a different location to the logistics hub, although the original plans called for the facilities to be built adjoining each other. According to local media other areas under consideration include the Bataan and Quezon provinces in Luzon and a small island in the south.

The project is being overseen by its joint venture with Bantayog Ocean Shipping that has been named COSCO Philippines Shipping.  [12/10/07]

Hide comments
account-default-image

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish