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

Marine insurance: Reducing costs and capacity thumbnail image

Marine insurance: Reducing costs and capacity

September 19 - Marine insurance providers are commoditising their products in order to reduce costs. The result, according to the International Union of Marine Insurance (IUMI), is a loss of expertise.
Views: 294
Zeaborn forms JV with MPC thumbnail image

Zeaborn forms JV with MPC

September 18 - Zeaborn Group has formed a joint venture with MPC Capital Group to handle the chartering and commercial management of a fleet of more than 160 container and bulk carriers.
Views: 678
DHL strengthens network in Middle East and Africa thumbnail image

DHL strengthens network in Middle East and Africa

September 18 - DHL Industrial Projects is opening a centre of excellence (COE) in Dubai as well as offices in Egypt, Ethiopia, Kenya and Turkey to coordinate complex logistics projects in the Middle East and Africa.
Views: 783
ALE plans Swedish branch thumbnail image

ALE plans Swedish branch

September 18 - ALE will open an office in Sweden during the last quarter of 2019 as it looks to expand its operations in Scandinavia.
Views: 542

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