Search results for: COSCOCS

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  • 18 March 2016
    Business & Finance

    The newly-created shipping major China COSCO Shipping Corporation (COSCOCS) has penned a 27-year agreement with Brazilian miner Vale that will see the Chinese shipping giant transport 16 million tons of iron ore for Vale on annual basis, the Chinese company said. The deal has been signed earlier today in Beijing and marks the first major deal COSCOCS has signed […]

  • 23 April 2019

    The 400,000-ton ore carrier was built by Shanghai Waigaoqiao Shipbuilding.

  • 23 February 2016
    Business & Finance

    China Ocean Shipping Corporation’s (Coscocs) plans to up the ante by reaching a 2 million TEUs operational capacity mark by the end of 2018 will not include new orders. Coscocs, created from a merger between China Shipping and Cosco, has no intention to order a substantial number of containership newbuildings now, to meet its target, DynaLiners […]

  • 17 June 2016
    Business & Finance

    China’s shipping major China Cosco Shipping Group (Coscocs) has officially established its dry bulk shipping arm, Coscocs Bulk Shipping in Guangzhou, China on Thursday. The newly established company owns and operates a fleet of over 380 bulk carriers, with a total of some 34.5 million deadweight tons. The new company was formed as a result of a structural reorganization following […]

  • 3 March 2016
    Business & Finance

    China’s shipping giants COSCO Container Lines (COSCON) and CSCL signed a series of leasing contracts of container ships and containers on March 1st, marking the official integration of the two companies in the sector. Under the new deals, from March 1st, COSCON will officially enter the integration transitional period, in which it will lease/operate CSCL container ships […]

  • 4 January 2017
    Business & Finance

    Shipping giant China Cosco Shipping Group (Coscocs) has entered into a strategic agreement with Chinese state-owned automaker FAW Group for the transportation of vehicles and components. Under the agreement, signed on January 3 in Shanghai, the parties also plan to strengthen their co-operation in warehousing, according to Coscocs. The company added that a partnership would be […]

  • 12 January 2018
    Business & Finance

    COSCOCS takes delivery of the first of ten 400,000 dwt very large ore carriers from Shanghai Waigaoqiao Shipbuilding.

  • 21 March 2016
    Business & Finance

    China Merchants Energy Shipping’s (CMES) subsidiary, Hong Kong Ming Wah Shipping, has signed a deal to transport iron ore for the Brazilian mining company Vale for a period of up to 27 years. The contract was signed by President of CMES, Xie Chunlin, and Vale’s Executive Manager for Shipping and Marketing Iron Ore, Luiz Meriz, in Beijing on March 21. The deal is […]

  • 22 June 2016
    Business & Finance

    The newly-created shipping major China COSCO Shipping Corporation (COSCOCS) has revealed its intention to launch cruise lines in the South China Sea starting from July, local media reported. Namely, the company’s first route would depart from China’s Sanya to the Yongle Island, part of the disputed Xisha Islands, which are also claimed by Vietnam and Taiwan. The inaugural route would reportedly be […]

  • 20 April 2016
    Business & Finance

    The newly-created shipping major China COSCO Shipping Corporation (COSCOCS), created from a merger between China Ocean Shipping and China Shipping Group, is set to announce members of its new container shipping alliance. The announcement is expected to be made today by China Shipping Cosco Group in Shanghai, the Wall Street Journal reports citing sources close […]

  • 8 April 2016
    Business & Finance

    Brazilian mining major Vale has signed a 27-year iron ore transport deal with ICBC Financial Leasing, the leasing arm of Industrial and Commercial Bank of China. Under the contract of affreightment (COA), ICBC will transport about 16 million tons of iron ore annually for Vale from Brazil to China starting from the first half of […]

  • 7 April 2016
    Business & Finance

    Taiwan’s shipping company Evergreen Line has chosen South Korea’s Busan New Container Terminal (BNTC) as its new home at Busan’s port. As part of the company’s two 5,600 TEU vessel deployment on the BEX2 service, the boxship Ever Utile made its first call at the terminal on April 5. Evergreen’s BEX2 service joins the existing PHEX Ocean 3 […]

  • 12 January 2017
    Business & Finance

    Shipping giant China Cosco Shipping Group (Coscocs) has entered into a CNY 180 billion (USD 26 billion) financing agreement with China Development Bank (CDB), according to information provided by the company. The financing deal, which will cover the period of the next five years until 2021, would be mostly used to boost China’s One Belt, One […]

  • 19 July 2016
    Business & Finance

    The US Port of Boston welcomed its largest ever cargo ship on Sunday, July 17, when the 8,530 TEU container ship Xin Mei Zhou docked at the Conley Terminal as part of the CKYHE Alliance’s recently upgraded Asia – US East Coast service, the Massachusetts Port Authority reports. Following the opening of the expanded Panama Canal on June 26, COSCOCS and its partners […]

  • 23 June 2016

    Due to the large volume of international maritime trade passing through the South China Sea, the European Commission said that freedom of navigation and overflight must remain in the area. As China continues constructing islands in the area, the EU expressed its concerns about the situation in the East and South China Seas, and added that the EU […]

  • 1 April 2016
    Business & Finance

    China’s newly established shipping major, China COSCO Shipping Corporation (COSCOCS) has signed a contract with China State Shipbuilding Corporation (CSSC) in Shanghai that will see the construction of ten 400,000-tonne VLOCs. The ore carriers will be built by the group’s Shanghai Waigaoqiao Shipbuilding and are intended to be employed for ore transportation the group agreed […]

  • 23 May 2017
    Business & Finance

    Image Courtesy: Autonomous Port of Abidjan While docking at the Port of Abidjan’s container terminal on May 18, a cargo vessel hit Pier 21 and collided with a gantry crane, causing it to collapse. The vessel in question is Da Zhi, according to Blueoceania Incorporated. The 28,000 dwt multipurpose (MPP) ship is owned by China’s COSCOCS […]

  • 7 November 2016
    Business & Finance

    Whilst freight rates have improved marginally from the extreme lows seen over the middle of the year, the entire container shipping industry remains under significant pressure, according to Maritime Strategies International. As most liner companies are now breaking even, with weaker lines still probably in a loss-making position, the situation is even worse for charter owners, […]

  • 13 November 2013
    Business & Finance

    On November 6, the christening ceremony of 13386-TEU container ship MV. COSCO NETHERLANDS was grandly held at Nantong COSCO KHI Ship Engineering. Mr. Han Chengmin, President of NACKS, Mr. Hou Liping, Deputy Managing Director of COSCON and other guests from COSCON and COSCO Mercury attended and witnessed the ceremony. Ms. Mu Wen, Executive Vice President […]

  • 6 March 2013
    Business & Finance

    On February 28, the Christening ceremony of 13,386-TEU container ship MV. COSCO BELGIUM was grandly held at Nantong COSCO KHI Ship Engineering Co.,Ltd (NACKS) . Mr. Li Yunpeng, Executive Vice President of COSCO Group, Mr. Wan Min, Managing Director of COSCON, Mr. Gao Ping, Secretary of Party Committee of COSCON, Mr. Nobumitsu Kambayashi, the Senior […]

  • 13 November 2013

    Nantong COSCO KHI Ship Engineering, a large-scale shipbuilding joint venture between China Ocean Shipping (Group) Company (COSCO) and Kawasaki Heavy Industries Ltd. (KHI), has christened the 13386-TEU container ship MV Cosco NETHERLANDS. Mr. Han Chengmin, President of NACKS, Mr. Hou Liping, Deputy Managing Director of COSCON and other guests from COSCON and COSCO Mercury attended and […]

  • 24 April 2014
    Business & Finance

    Nantong COSCO KHI Ship Engineering (NACKS), a few days ago, held a christening ceremony for COSCON’s state-of-the-art 13386-TEU container ship, the COSCO ITALY. Ms. Yu Tao, Assistant Managing Director of COSCON, christened the new ship on April 18. Mr. Han Chengmin, President of NACKS, Mr. Deng Huangjun, Chief Financial Officer of COSCON and other guests […]