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China Cosco scraps four vessels at a lossChina Cosco scraps four vessels at a loss
China Cosco Group has sold four ships last month as part of the group’s fleet renewal plan.
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Kalyakan - stock.adobe.com
During April this year, the state-owned shipping conglomerate disposed of two container vessels and two dry bulk carriers with a total tonnage of 261,800 dwt.
The disposals fetched a price of RMB65m ($10.5m) but led to a book loss of RMB59m.
The ships were owned by Cosco Bulk Carriers and Cosco Container Lines.
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