Container Tracking Startup Raises $240m From Softbank
By Douglas Busvine (Reuters) – Forto has raised $240 million from investors led by Softbank, the freight technology startup said on Monday, and will invest in expanding its platform for...
China COSCO’s fleet upgrade program continues today with an order for ten more bulk carriers including six of 81,600 dwt and four of 208,000 dwt. The orders were placed at CSSC’s Chengxi Shipyard and Waigaoqiao Shipbuilding for a total consideration of US$188.88 million and USD $231.6 million, respectively.
The orders were made via COSCO’s wholly-owned investment vehicle Prosperity Investment and follows a similar order for 10 ships placed by Prosperity in July.
Deliveries of the vessels are planned between 2016 and 2017.
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