Cosco Shipping Bulk has inked a contract for eight 210,000 dwt bulk carriers newbuildings, plus options for two more with Cosco Shipping Heavy Industry in Yangzhou, Jiangsu province.

While Cosco Shipping’s massive investment plan for the port of Piraeus is not yet ancient history it is certainly under threat of becoming part of Greece’s modern history.

Orient Overseas (International) Limited (OOIL) subsidiary Gold Talent has entered into the investment and cooperation agreement with Cosco Shipping Logistics and JD Logistics to establish the joint venture for e-commence market expansion.

Container shipping tonnage provider Seaspan Corp is looking to diversify into LNG with a cooperation agreement with Cosco Shipping Energy Transportation.

Expanded Cosco Shipping Holdings remained in the black in 2018 with a RMB1.23bn ($183.4m) profit and both its container lines, Cosco Shipping Lines and Orient Overseas International Ltd (OOIL), were profitable and reported significant improvement.

Cosco Shipping Lines signed low sulphur fuel oil (LSFO) supply agreement with Double Rich Limited to meet the IMO 2020 sulphur cap.

Thailand’s Regional Container Lines (RCL) is revamping and restructuring a number of services with its partners.

Cosco Shipping Specialized Carriers has exercised its options at Dalian Cosco Shipping Heavy Industry to build four multi-purpose pulp carriers.

Cosco Shipping Ports and Peruvian mining company Volcan Compañía Minera have entered into the subscription and investment agreement with Terminales Portuarios Chancay (TPCH), the Chinese company’s first investment in South America.

China’s central government is planning the consolidation for several industry sectors to optimise the state-owned regional assets structure and reduce horizontal competition.