Monday, January 18, 2016
Tuesday, January 12, 2016
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...
Monday, January 4, 2016
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...
Saturday, December 26, 2015
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...
Wednesday, December 23, 2015
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...
Monday, December 14, 2015
Friday, December 11, 2015
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...
Thursday, December 10, 2015
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...
Wednesday, September 16, 2015
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...
Wednesday, September 9, 2015
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...
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...
Monday, August 10, 2015
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....
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.
Wednesday, June 10, 2015
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....
Thursday, April 30, 2015
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.
Friday, March 27, 2015
Tuesday, February 10, 2015
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.
Saturday, January 24, 2015
Wednesday, November 5, 2014
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.
Friday, October 10, 2014
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.
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