The new office will be a joint investment by COSCOL (Hong Kong) Investment and Development, a subsidiary of the company, and Cosco Shipping South American Company. The total investment capital is $360,000.
The company plans to develop the new office to be its business operation platform in South America and strengthen its position in the region.
To further optimize the company’s fleet structure and improve the competitiveness, the company also announced the plan to dispose ten old vessels in 2020, including three multi-purpose vessels, three logs carriers and four asphalt carriers.
Cosco Shipping Specialized Carriers is dedicated to the operations and management of more than a hundred vessels, including multi-purpose and heavy lift vessels, semi-submersible vessels, pure car carriers, logs carriers as well as asphalt carriers.
The scale of the company’s specialized vessel fleet ranks it as the largest in the world.
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