CSP Abu Dhabi Terminal at Khalifa Port has received two of the world’s largest mega-vessels within less than a month. The two COSCO-owned ships, ‘SOLAR’ and ‘PISCES’, are the third and fourth main line vessels to pass through CSP Abu Dhabi Terminal.
COSCO confirmed its plans to increase transit shipments on the Northern Sea Route. The shipping giant aspires to operate in the Polar Silk Road and serve international trade between the North Atlantic region and the far east. Explaining why COSCO chose the Northern Sea Route, Chen Feng, General Director of COSCO Marketing and Sales, said that this route is smooth and fast.
COSCO Shipping Ports announced that the equity transaction of the project company responsible for its greenfield subsidiary at the Port of Chancay, Peru, is complete. The ceremony to highlight the transfer, attended President of Peru Martín Vizcarra and a number of high-ranking officials from the government, as well as Chairman of COSCO Shipping Corporation, Captain Xu Lirong.
COSCO Shipping International (Singapore) informed it is taking steps to expand its business in Malaysia by obtaining a lease of a piece of land in Port Klang and constructing a warehouse of approximately 300,000 square feet on the land for the Group’s operations.
China COSCO Shipping Corporations (COSCOCS) conducted a naming ceremony for its sixth Valemax very large ore carrier (VLOC) in Yangzhou on Thursday, April 18. The 400,000 dwt ‘Yuan Shen Hai’ is one of ten VLOCs Shanghai Waigaoqiao Shipbuilding (SWS) will deliver to COSCO under a contract 2016.
The video, issued by oil and gas company Energean, depicts the hull keel laying of the FPSO ‘Energean Power’ that took place on 13 April at COSCO Zhoushan yard, China. This comes as the company announced this week a significant gas discovery at the Karish North exploration well.
Cosco’s investment plan for the port of Piraeus may become history under archaeological threats. After a meeting that was conducted on April 2, Greece’s powerful Central Archaeological Council (KAS) struck a major blow to the Cosco-owned Piraeus Port Authority’s (PPA) $675m master plan by characterising a large part of Piraeus as an area of archaeological interest that must be protected.
COSCO Shipping Ports announced that it signed an investment agreement of COSCO SHIPPING Ports Supply Chain Project with Guangzhou Nansha Economic and Technology Development Zone Commercial Bureau. The agreement regards the development of the first phase of terminal extended business in the land near Nansha Stevedoring Corporation Limited of Port of Guangzhou and Guangzhou South China Oceangate Container Terminal Company.
Hong Kong-based OOIL announced the signing of an investment and cooperation agreement, through its subsidiary Gold Talent, with COSCO Shipping Logistics and JD Logistics, pursuant to which the Parties have agreed to establish a joint venture investing in COSCO’s online logistics platform Eshipping.
Seaspan Corporation announced a framework agreement on April 2, regarding a strategic cooperation with COSCO SHIPPING Energy Transportation Co., Ltd. The two companies will enhance their collaboration regarding LNG investments, LNG projects, LNG transportation, ethane transportation, or other related and mutually beneficial projects.
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