China Cosco Shipping Corporation Limited (Cosco Shipping) has set up a logistics investment fund, backed by the provincial government, to raise around RMB6bn ($874.2m) for investments in areas including cold chain logistics, logistics...
China Cosco Shipping Corporation Limited (Cosco Shipping) has entered into a strategic partnership with China’s real estate developer Greenland Holdings Corp over assets investment and logstics development.
China’s state-owned entities China Cosco Shipping Corporation Limited (Cosco Shipping) and China Baowu Steel Group have inked a comprehensive strategic cooperation.
Cosco Shipping Energy Transportation Co has issued a positive profit alert for the financial ended 31 December 2016, but the earnings would be trimmed by loss-making chartering contracts.
Cosco Shipping Development Co has projected a profit for the financial year ended 31 December 2016, emerging from the loss registered in 2015.
Cosco Shipping Holdings, the Shanghai and Hong Kong-listed unit of China Cosco Shipping Corporation Limited (Cosco Shipping), is expecting to record a net loss for the financial year ended 31 December 2016.
Cosco Shipping Holdings Co has announced that it will send eight container vessels totaling 409,914 dwt to the scrapyard for a price of RMB212m ($30.9m).
Shanghai-listed Cosco Shipping Specialised Carriers has posted a sharp fall in net profit for 2016 compared to the previous financial year due to the sluggish shipping market.