In a year of consolidation the biggest and most complex was the merger of Chinese shipping giants Cosco and China Shipping. The deal spanned almost every aspect of the shipping and maritime industries including dry bulk, containers, tankers, LNG...
China Cosco Shipping Corporation (Cosco Shipping) and China Development Bank (CDB) have penned a five-year financing cooperation involving RMB180bn ($26bn), reports said.
China Cosco Shipping Corporation Limited (Cosco Shipping) has splashed out RMB4.6bn ($660m) to acquire a 10% stake in Shanghai Rural Commercial Bank (SRCB) from Australia and New Zealand Banking Group (ANZ).
Cosco Shipping International (Hong Kong) Co (CSIHKC) has announced a plan to acquire CSHT Marine Machinery Suppliers from China Merchants Hoi Tung Trading Company and Cosco Shipping Financial Holdings Co.
Cosco International Holdings Limited has proposed to change its name to Cosco Shipping International (Hong Kong) Co to reflect the company’s future strategic positioning.
China Cosco Shipping Corporation (Cosco Shipping) may consider acquiring Hanjin Shipping’s port assets, but it has no desire to buy any distressed ships from the Korean line, reports said.
Cosco Shipping Ports Ltd (CSPL SPV) has won a 35-year concession with a five year option to operate a container terminal at Abu Dhabi Ports’ flagship Khalifa Port.
China’s single largest shipping conglomerate China Cosco Shipping Corporation Limited has held a rebranding ceremony on Wednesday in Shanghai, with chairman Xu Lirong reiterating the group’s vision of transforming to become an influential player...