Greater China

Cosco scraps eight vessels

Shanghai: Following the order of five 14,500 teu containerships, Cosco Group announced that it has sold eight old bulkers with a total capacity of 553,798 dwt for scrapping at a total price of RMB155m.

Cosco has made plans to scrap a total of 41 vessels this year as part of its fleet optimization plan. [19/09/14]

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