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

Cory moves to Ipswich office thumbnail image

Cory moves to Ipswich office

October 18 - UK-headquartered Cory Brothers has relocated its office in Felixstowe to Ipswich town centre.
Views: 428
Bichowski joins AMT thumbnail image

Bichowski joins AMT

October 18 - Switzerland-headquartered logistics and supply chain specialist AMT has appointed Frank Bichowski as its chief commercial and operations officer.
Views: 511
Hughes-Hallett passes after long illness thumbnail image

Hughes-Hallett passes after long illness

October 18 - James Hughes-Hallett, former chairman of Hong Kong’s Swire Group and London-based shipbroker Clarksons, has passed away at the age of 70.
Views: 483

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