Report: Cosco Corp. to Sell Bulk Carriers

Tuesday, December 04, 2007
Cosco Corp (Singapore) reportedly will sell its fleet of 12 bulk carriers, according to a Reuters report.

The company is also mulling establishing bases in Vietnam and other Asian countries outside China.

Cosco, majority-owned by China Ocean Shipping (Group) Co, is focusing its resources on three main business lines: ship repair, new ship building and marine engineering, which includes the construction of oil rigs.

Since last year, Cosco has won a series of orders for conversion and construction of offshore oil and gas drilling rigs and vessels.

The firm has said it will bolster its ship repair capacity by expanding its Zhoushan shipyard with three new berths and three dry docks totaling 1 million deadweight tonnes docking capacity, for completion by 2010.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Ship Sales

Norwegian Car Carriers to Buy Two from Hyundai Samho

Oslo-listed Norwegian Car Carriers (NOCC) has signed a contract with Hyundai Samho Heavy Industries for the construction of two 6500 ceu Pure Car Truck Carrier (OCTCs).

Algoma Central Orders New Great Lakes Ships

Algoma Central Corporation announces $160 million investment in fleet expansion and fleet renewal   Algoma Central Corporation announced that it has acquired

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Maritime Standards Naval Architecture Navigation Offshore Oil Pod Propulsion Salvage Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0933 sec (11 req/sec)