Tag: COSCO

The CKYHE Alliance has announced that they will expand their cooperation scope to U.S. Trades

Evergreen Line is to adjust its existing joint service with COSCO as well as contribute vessels to the service currently operated by K Line, MOL and PIL

COSCO Reports Strong Profit Growth

The Board of Directors of COSCO Corporation (Singapore) Limited announced that shipyards have secured contracts valued at approximately USD300 million to build one accommodation barge and seven bulk carriers. Contracts from a European company to build one DP3 accommodation barge scheduled for delivery in 3Q2016 and an Asian company for two (2) 64,000DWT bulk carriers scheduled for delivery in 1H2016. Additionally, the contract under the second option cited in the announcement dated 12 September 2013 to build one 64,000DWT dry bulk carrier for a European company has been rendered effective. The bulk carrier is scheduled for delivery in 2Q2017. Contracts from an Asian company to build two 82,000DWT bulk carriers scheduled for delivery in 4Q2015 and 1Q2016 respectively; and a European company to build two 82,000DWT bulk carriers scheduled for delivery in 2Q2016 and 3Q2016 respectively. Save for their respective shareholdings in the Company, none of the directors or controlling shareholders of the Company has any interest, direct or indirect in the contracts. Barring any unforeseen circumstances, the above contracts are not expected to have a material impact on the net tangible assets and earnings per share of the Company for the year ending 31 December 2014. Source: COSCO Corporation  In ...

COSCO Corporation Limited announced that shipyards have secured contracts valued at approximately USD300 million

COSCO Shipyard Group has announced that it has been awarded options by the Singapore-based Chellsea Group for the construction of four platform supply vessels designed by Rolls-Royce. With this contract, COSCO has ordered integrated design and equipment packages for a total of eight Rolls-Royce UT 771 WP platform supply vessels, with an option for further two. The first four are currently under construction, while the subsequent four are scheduled for delivery between the second quarter of 2016 and the first quarter of 2017. All eight vessels will be added to the fleet of two UT 755 LN vessels that are already in operation with Chellsea. Ronny Pål Kvalsvik, Rolls-Royce, Vice President Sales and Contract - Offshore, said: "We have developed a very good relationship with COSCO and Chellsea, and are of course extremely pleased that they have reaffirmed their confidence in both us and the UT-design with this latest contract." The delivery from Rolls-Royce will comprise ship design and an extensive integrated systems package including MTU-engines, propulsion systems, power electrical systems, bulk handling systems, deck machinery, automation and control system and a dynamic positioning system that uses satellite technology to automatically maintain a vessels position without anchoring. Source: Rolls-Royce  In ...

COSCO awarded options by the Singapore-based Chellsea Group for the construction of four platform supply vessels designed by Rolls-Royce

COSCO Container Lines, MOL and Evergreen Line announced the launch of a weekly direct service from Asia to West Africa, branded the WA1'.

COSCON received the Port of Seattle's Green Gateway Silver Partner Award, which recognized our environmental achievements at the port during the 2013 year. COSCON has been a recipient of this award since its inception in 2011. In order to be considered for recognition, carriers must present environmental stewardship efforts that exceed existing environmental regulations and industry standards. Carriers must also participate in the At-Berth Clean Fuels Program to be considered. This year, COSCON scored particularly high in the Air & Energy category for our use of low-sulfur fuels. Port of Seattle's CEO, Mr. Tay Yoshitani, stressed the importance of these Green Gateway partnerships, stating, "These awards show that maritime businesses are doing the right thing for the environment every day. Their efforts have removed hundreds of tons of pollutants from Puget Sound air." Recognition as a Green Gateway Partner further reinforces COSCON's commitment to being an environmentally friendly carrier and reducing carbon footprint. Source: COSCON  In the onset, I was explicit with you propecia before and after has changed my being. It has become much more fun, and now I have to run. Just as it is incredible to sit.

COSCON received the Port of Seattle's Green Gateway Silver Partner Award, which recognized our environmental achievements at the port during the 2013 year. COSCON has been a recipient of this award since its inception in 2011