Chinese container carrier Cosco Shipping is thirsty for expansion and will raise CNY 12.9billion (USD 2billion) in new capital, according to Reuters report. The money will go to the construction of 20 new vessels.
News ID: 77066 Publish Date : 2017/10/31
COSCO Shipping International (Singapore), an offshore marine engineering, shipbuilding, and dry bulk shipping group, recorded a net loss of SGD 20.8 million in Q2 2017, down from a net loss of SGD 36.8 million in Q2 2016.
News ID: 75548 Publish Date : 2017/08/13
China Cosco Shipping Corporation Limited (Cosco Shipping) has offered to acquire Orient Overseas (International) Limited (OOIL) at a price of $6.3bn, confirming earlier rumours of the takeover deal that has been circulated since January this year.
News ID: 74973 Publish Date : 2017/07/16
China COSCO Shipping Corp has embarked on a major shopping spree, adding 14 ultra large containership newbuilds to its fleet.
News ID: 74641 Publish Date : 2017/06/25
Cosco Shipping Holdings has posted a profit for the first quarter, reversing from a loss-making position in the year-ago period, thanks to an improved container shipping market and income from investment.
News ID: 73728 Publish Date : 2017/05/02
COSCO Shipping Holdings, the world’s fourth largest boxship owner, is delaying the delivery of six 20,000 teu containerships on order from 2018 to 2019, as part of an effort to fend off another price war on Asia-Europe trades.
News ID: 73198 Publish Date : 2017/04/04
Cosco Shipping International (Hong Kong) Co has reported a fall in annual net profit on the back of the downturn in the international shipping industry marked by lingering oversupply.
News ID: 73122 Publish Date : 2017/03/26
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 infrastructure, industrial parks, and e-commerce.
News ID: 72456 Publish Date : 2017/02/19
China’s state-owned entities China Cosco Shipping Corporation Limited (Cosco Shipping) and China Baowu Steel Group have inked a comprehensive strategic cooperation.
News ID: 72211 Publish Date : 2017/02/09
Cosco Shipping Ports and CMA Terminals Holding have signed a memorandum of understanding (MOU) in Shanghai to reinforce their strategic cooperation on port operations and investments.
News ID: 71929 Publish Date : 2017/01/28
COSCO Shipping Holdings announced the disposal of eight containerships with an aggregate tonnage of 409,914 dwt over the fourth quarter of 2016.
News ID: 71828 Publish Date : 2017/01/24
Orient Overseas International Ltd (OOIL) has denied knowledge of any potential bid for its container shipping business Orient Overseas Container Line (OOCL).
News ID: 71777 Publish Date : 2017/01/22
China Cosco Shipping Corporation Limited (Cosco Shipping) is reportedly a contender to buy Hong Kong-based Orient Overseas Container Line (OOCL) in a deal valued at more than $4bn, Wall Street Journal reported.
News ID: 71718 Publish Date : 2017/01/19
China’s COSCO Shipping Development Co Ltd announced a proposed nonpublic issuance of about 3.28 billion shares to specific investors, including its parent company, to raise up to 12 billion yuan ($1.79 billion), reports China Daily.
News ID: 69537 Publish Date : 2016/10/30
China COSCO Shipping will not raise its shipping prices as it had planned, reports Caixin quoting shipping agency representatives at Shanghai’s port.
News ID: 69105 Publish Date : 2016/09/29
Cosco announced it has recently scrapped five container ships for a total of RMB90m ($13.5m) to save fuel and meet the overall environmental friendliness of its fleet.
News ID: 68794 Publish Date : 2016/09/10
COSCO Shipping , the specialised vessel arm of China Cosco Shipping Group, has ordered four asphalt carriers via a subsidiary at Chengxi Shipyard, the owner said in a statement.
News ID: 68407 Publish Date : 2016/08/23