Latest news from Heavy Lift & Project Forwarding International Magazine

Cosco Shipping confirms acquisition plans

December 11 - COSCO Shipping Company (COSCOL) has confirmed that it plans to acquire full equity of Guangzhou Ocean Shipping from COSCO Group.

HLPFI understands that Guangzhou Ocean Shipping operates a varied fleet including ships capable of handling heavy lift cargoes and ro-ro shipments, and suspects that this move will help the company expand its fleet and special cargo shipping business, which it has said is an important part of its strategy for future development.

COSCO Shipping was jointly established by Guangzhou Ocean Shipping Company, Guangzhou Ocean Shipping Agency, Shenzhen Ocean Shipping Co Ltd and COSCO Guangzhou International Freight Forwarding Co Ltd in 1999.

In 2002, COSCO Shipping, with registered capital of RMB 468 million, was floated on the Shanghai Stock Exchange under the name of COSCO Shipping and became part of the Shanghai Stock Exchange 180 Index in 2003.

Guangzhou Ocean Shipping Company (Guangzhou COSCO) was established in 1961, as a closed subsidiary member of China Ocean Shipping (Group) Company and claims to be the largest bulk carrier company in China.

www.coscol.com.cn

Heavy Lift | News

FROM THE MAGAZINE: Maintenance buoys non-renewable market thumbnail image

FROM THE MAGAZINE: Maintenance buoys non-renewable market

June 27 - The need to maintain, rebuild or upgrade existing power plants to ensure they remain cost-effective and environmentally acceptable is generating significant logistics work for heavy lift service providers and project forwarders, writes Phil Hastings.
Views: 10
Ukraine court orders AN-124 arrest thumbnail image

Ukraine court orders AN-124 arrest

June 27 - The Podilskyi District Court in Kiev, Ukraine, has ordered the seizure of five AN-124 aircraft owned by Russia’s Volga-Dnepr Airlines.
Views: 52
Mozambique green-lights first LNG project thumbnail image

Mozambique green-lights first LNG project

June 27 - After years of delays and setbacks, US oil and natural gas exploration and production company, Anadarko, has been given the go-ahead to develop Mozambique’s first onshore LNG facility. 
Views: 79
Ematec develops traverse lifting system  thumbnail image

Ematec develops traverse lifting system 

June 27 - Ematec has developed its EMT lifting system – a traverse arrangement for stabilising and manipulating heavy loads weighing up to 250 tons (226.8 tonnes).
Views: 93

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