Latest news from Heavy Lift & Project Forwarding International Magazine

COSCOL confirms price paid for Guangzhou Ocean Shipping

December 12 - Further to our report from earlier this week, COSCO Shipping Company (COSCOL) has advised that its acquisition of 100 percent of the shares in Guangzhou Ocean Shipping from China Ocean Shipping (Group) Company on December 5, was completed wi

An official statement says of the acquisition that: "In general, it is of great significance for COSCOL to speed up, despite (the) market slump, the realisation of its strategic goal of becoming the greatest competitor of the global specialised shipping market."

The statement adds that the acquisition includes 26 vessels of 486,000 dwt in total. With the acquisition, the fleet of COSCOL specialised cargo ships has been expanded from 69 to 95 ships; with an increase total tonnage from 1.559 million dwt to 2.045 million dwt.

Heavy Lift | News

Breakbulk Europe kicks off thumbnail image

Breakbulk Europe kicks off

May 21 - More than 550 exhibitors are preparing for the start of this year’s Breakbulk Europe exhibition, which kicks off later today in Bremen. 
Views: 106
Multipurpose charter rates dip thumbnail image

Multipurpose charter rates dip

May 21 - Time charter rates in the multipurpose shipping sector have declined over the last month, according to the latest data from shipbroker Toepfer Transport.
Views: 135
Drake closes Cometto deal for ANI thumbnail image

Drake closes Cometto deal for ANI

May 20 - The Drake Group, in its capacity as representative of the Cometto brand in Australia, has received an order from Australian Naval Infrastructure (ANI) for 16 self-propelled MSPE modules.
Views: 243

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