Tag: Cosco

COSCO Takes Delivery Of Multi-Purpose Ship
August 16, 2023 No Responses

COSCO Takes Delivery Of Multi-Purpose Ship

COSCO Shipping Special Carriers have welcomed into the fleet its second 68,000-ton ice-class multi-purpose pulp ship, named Green Kotka. The methanol-ready ship was built by Dalian COSCO KHI Ship Engineering Co., Ltd. (DACKS) shipyard. The Green Kotka is designed to...
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Cosco Stakes $1.49b On Ten Containerships
July 17, 2021 No Responses

Cosco Stakes $1.49b On Ten Containerships

Chinese shipping major, Cosco Shipping Holdings has signed an agreement with affiliate shipbuilder Cosco Shipping Heavy Industry Yangzhou for the construction of ten containerships.  On 15 July 2021, Cosco sealed the deal with the shipyard splashing out a...
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Firm Extends Charter Period With COSCO For 17 Ships
June 28, 2021 No Responses

Firm Extends Charter Period With COSCO For 17 Ships

Hong Kong-based containership owner Seaspan Corporation has forward fixed contracts, extending current lease terms for 17 containerships with China’s COSCO Shipping Line. The vessels were initially scheduled to conclude current charters with COSCO for a...
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COSCO Mulls Acquisition Of Container Terminal
June 11, 2021 No Responses

COSCO Mulls Acquisition Of Container Terminal

Hong Kong-based COSCO Shipping Ports Limited has revealed that  it started negotiations with German container terminal operator Hamburger Hafen und Logistik AG (HHLA) to potentially acquire a minority stake in HHLA Container Terminal Tollerort (CTT)....
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Cosco Starts Conversion Work On Large Crude Carrier Into FPSO
April 2, 2021 No Responses

Cosco Starts Conversion Work On Large Crude Carrier Into FPSO

Chinese shipyard Cosco Shipping Heavy has started working on a conversion of a very large crude carrier (VLCC) into floating production storage and offloading (FPSO) vessel for the Woodside-operated Sangomar project located offshore Senegal. Woodside informed ...
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Shippers’ Council Decries Indiscriminate Charges By Shipping Firms
August 19, 2020 No Responses

Shippers’ Council Decries Indiscriminate Charges By Shipping Firms

The Management of Nigerian Shippers’ Council (NSC) on Wednesday described as ‘unreasonable and unacceptable the indiscriminate’ high surcharges by multinational shipping firms on Nigerian-bound cargoes.   The Executive Secretary of NSC, Mr Hassan Bello,...
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Cosco Shipping, Firm Seal LNG Deals
May 20, 2020 No Responses

Cosco Shipping, Firm Seal LNG Deals

Chinese shipbuilder, Cosco Shipping Heavy Industry has signed LNG cooperation agreements with compatriot Hudong-Zhonghua Shipbuilding and France’s GTT. Under the deal with Hudong-Zhonghua signed on Tuesday, the two shipbuilders aim to join forces in the fiel...
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COSCO Shipping Declares 5.4 Per Cent Increase In Throughput
August 31, 2019 No Responses

COSCO Shipping Declares 5.4 Per Cent Increase In Throughput

Despite the ongoing trade war between China and the US, Hong Kong-based port operator COSCO Shipping Ports ended the first six months of this year with a total throughput rise of 5.4 percent year on year (yoy). The total container...
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Crane Manufacturer Acquires $62.8M Of COSCO Shares
March 2, 2019 No Responses

Crane Manufacturer Acquires $62.8M Of COSCO Shares

China’s crane manufacturer Shanghai Zhenhua Heavy Industries (ZPMC) has decided to invest in compatriot shipping company COSCO Shipping Holdings by acquiring CNY 419.9 million (USD 62.8 million) worth of COSCO shares.  ZPMC recently signed the share sub...
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Nigeria Lifts Suspension On Maersk Line, Cosco, Two Others
July 24, 2018 No Responses

Nigeria Lifts Suspension On Maersk Line, Cosco, Two Others

The Management of Nigerian Ports Authority (NPA) has ordered restoration of services to the four shipping Companies whose operations were suspended for their alleged failure to comply with the directive of acquiring and operating holding bays for their contain...
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COSCO Acquires Another 14,500 TEU Boxship
June 22, 2018 No Responses

COSCO Acquires Another 14,500 TEU Boxship

China’s COSCO Shipping Lines has welcomed to its fleet another 14,500 TEU newbuild, COSCO Shipping Denali. Flying the flag of Hong Kong, the newbuild has a length of 366 meters and a width of 51.2 meters. Its market value currently...
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SINOPEC Gets Final LNG Carrier
June 3, 2018 No Responses

SINOPEC Gets Final LNG Carrier

  Chinese shipbuilder Hudong-Zhonghua Shipbuilding delivered CESI Lianyungang, the final LNG carrier built for SINOPEC’s LNG project, on May 31.  Ordered by the joint venture of Mitsui O.S.K. Lines (MOL), China COSCO Shipping Corporation Limited (CCSC) and...
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COSCO Takes Delivery of Third 20,000 TEU
May 31, 2018 No Responses

COSCO Takes Delivery of Third 20,000 TEU

Chinese container shipping major COSCO Shipping Corporation has taken delivery of its fifth 20,000 TEU containership, COSCO Shipping Virgo. Built by Shanghai Waigaoqiao Shipbuilding, the ship is 399.8 meters long and 58.6 meters wide. It boasts a deck area equ...
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COSCO Shipping Records 33 Per Cent Drop In QI Profit
May 1, 2018 No Responses

COSCO Shipping Records 33 Per Cent Drop In QI Profit

Shanghai-listed COSCO Shipping Holdings saw its profit plunge by 33 percent in the first quarter ended March 31, 2018. The company’s net profit dropped to CNY 180.8 million (USD 28.4 million) in the period, from CNY 270.1 million (USD 42.5 million)...
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