ContainersGreater China
Cosco sells five boxships for scrap
Cosco Holdings has announced the sale of five containerships for scrapping as part of its fleet optimization plan.
The total sales price for the vessels is RMB90m ($13.5m) and Cosco said the sale has resulted in a net loss of RMB341m ($51m).
The five vessels Na Xi He, Bu Yi He, Yu Gu He, Ha Ni He and Jing Po He have a total capacity of 224,560dwt and used to serve in Cosco subsidiary Shanghai Pan Asia Shipping.