Monday, January 18, 2016
Piraeus Port
Maritime News

Greece Asks COSCO to Improve Bid for Piraeus Port

By Angeliki Koutantou ATHENS, Jan 18 (Reuters) – Greece will evaluate on Wednesday an improved bid that China’s Cosco is due to submit for a majority stake in Piraeus Port,...

January 18, 2016
Total Views: 5

Tuesday, January 12, 2016
Piraeus Port
Maritime News

China COSCO Emerges as Sole Bidder in Piraeus Port Sale

ATHENS, Jan 12 (Reuters) – Greece only received a bid from China’s Cosco Group for a majority stake in Piraeus Port Authority, the operator of the country’s biggest port, the...

January 12, 2016
Total Views: 2

Monday, January 4, 2016
Maritime News

COSCO, China Shipping Merger to Result in New Company, Regulator Says

SHANGHAI, Jan 4 (Reuters) – China Ocean Shipping Group Co (COSCO) and China Shipping Group Co will become a new entity after merging, led by the latter’s current chairman, China’s...

January 4, 2016
Total Views: 1

Saturday, December 26, 2015
Maritime News

China Shipping Shares Diverge After Consolidation Plan

By Bloomberg News (Bloomberg) — Chinese investors got their first opportunity to react to a plan for consolidating the nation’s two state-owned shipping groups when shares of their listed units...

December 26, 2015
Total Views: 11

Wednesday, December 23, 2015
Maritime News

COSCO Singapore Explores Ways to Help Shipbuilding Business

By Kyunghee Park (Bloomberg) — Cosco Corp. Singapore Ltd., the shipbuilding arm of China Ocean Shipping Group, is exploring options to support its business as a slump in commodities trading...

December 23, 2015
Total Views: 2

Monday, December 14, 2015
Maritime News

China Shipping Reform Fails to Enthuse Investors

By Bloomberg News (Bloomberg) — China’s biggest shipping reform failed to enthuse investors as two major companies lost more than $850 million in total market value after the government proposed...

December 14, 2015
Total Views: 7

Friday, December 11, 2015
Maritime News

It’s Official: China Confirms COSCO, China Shipping Merger

By Bloomberg News (Bloomberg) — China announced plans to reorganize two major shipping groups with combined revenue of more than $40 billion, paving the way for the creation of one...

December 11, 2015
Total Views: 21

Thursday, December 10, 2015
Maritime News

China Approves COSCO, China Shipping Merger, Announcement Expected Soon -Report

The Chinese government has reportedly approved the long-anticipated merger between two of China’s largest shipping groups, China Ocean Shipping Group Co (COSCO) and China Shipping Group, according to a report Beijing-based Caixin...

December 10, 2015
Total Views: 16

Wednesday, September 16, 2015
Maritime News

COSCO, China Shipping Admit Possible ‘Asset Restructuring’

  SHANGHAI, Sept 16 (Reuters) – China Ocean Shipping (Group) Company (COSCO) and China Shipping Group, two of the country’s largest shipping firms, said shares in their listed companies would...

September 16, 2015
Total Views: 6

Wednesday, September 9, 2015
Maritime News

China COSCO Orders Ultra-Large Containerships for $1.5 Billion to Cut Costs

  By Joshua Fellman (Bloomberg) — China COSCO Holdings Co., one of the nation’s biggest shipping companies, agreed to have 11 new container vessels built for $1.51 billion, as it...

September 9, 2015
Total Views: 9

Tuesday, August 11, 2015

COSCO and China Shipping Group In Merger Talks, Sources Say

  By Brenda Goh SHANGHAI, Aug 11 (Reuters) – China Ocean Shipping (Group) Company (COSCO) and China Shipping Group are in talks over a possible merger, a person with direct...

August 11, 2015
Total Views: 4

Monday, August 10, 2015
cscl containership

China Considers Merging CSCL and COSCO in Major State-Owned Overhaul -REPORT

  By Bloomberg News (Bloomberg) — China’s stocks rallied for their biggest gain in a month amid speculation the government will accelerate mergers of state-owned enterprises to bolster economic growth....

August 10, 2015
Total Views: 3

Monday, June 29, 2015

COSCO Group Among China State Firms That Falsified Revenue and Profit, Auditor Says

Some of China’s biggest state firms were found to have falsified revenue and profits, while some state lenders doled out loans to unqualified borrowers, the nation’s auditor said amid an intensifying crackdown on corruption.

June 29, 2015
Total Views: 10

Wednesday, June 10, 2015
Maritime News

Vale Says Iron to Tighten as China Buys More and Sells Less

(Bloomberg) The global iron-ore market is set to tighten in the second half of the year as China imports more and produces less, according to the biggest miner, Vale SA....

June 10, 2015
Total Views: 0

Thursday, April 30, 2015
COSCO Zhoushan

COSCO Corp Uncertain on Offshore Market Recovery, Profit Falls

Shipbuilder COSCO Corporation Singapore Ltd on Thursday posted a 94 percent slide in first-quarter profit, and said weak oil prices makes a recovery in the offshore marine market uncertain.

April 30, 2015
Total Views: 6

Friday, March 27, 2015
Maritime News

China COSCO Dry Bulk Shipping Losses Fall Sharply

China Cosco said losses in its main dry bulk shipping business fell sharply in 2014 and its container shipping gross profit grew amid a still subdued global shipping market.

March 27, 2015
Total Views: 0

Tuesday, February 10, 2015
Maritime News

Wärtsilä Joint Venture to Supply Gensets for Five COSCO Newbuilds

Finnish marine power solutions provider Wärtsilä says it has been selected to supply 20 generating sets for five newbuild 14,500 TEU containerships being built in China for China Ocean Shipping Group.

February 10, 2015
Total Views: 2

Saturday, January 24, 2015
Maritime News

China’s COSCO Group Returns to Profit in 2014

China Ocean Shipping Group Co (COSCO) returned to profit in 2014 after three years of losses, state media said on Saturday

January 24, 2015
Total Views: 0

Wednesday, November 5, 2014
Ma Zehua cosco
Maritime News

COSCO’s Chairman Sees Shipping Slump Persisting for Next 2 years

The global shipping market is unlikely to see a recovery in the next two years due to continuing oversupply of vessels, the chairman of China's largest shipping group said on Wednesday.

November 5, 2014
Total Views: 0

Friday, October 10, 2014
Maritime News

Valemax Iron Ore Carrier Docks at China Port After Deals

A giant iron-ore freighter owned by Vale SA was allowed to dock at a Chinese port last week, Reuters data showed, the first since the Brazilian miner signed deals with two of China's largest shipping groups in what was seen as a thawing of relations.

October 10, 2014
Total Views: 10