Greater China

Cosco scraps eight vessels

Shanghai: Following the recent announcement ordering 10 drybulk  vessels, Cosco Group has announced that it has disposed of eight old vessels for demolition with a total capacity of 331,300dwt.
The eight vessels include four containerships and four bulkers, sold t for RMB124m in total.
Cosco said the update of fleet has decreased the average age of its fleet which will increase the competitiveness of its operation. [15/07/14]


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