Cosco Shipping has established a dedicated timber shipping department in order to optimize operations of the business.
The department has integrated Cosco Far Reaching Shipping, a timber shipping subsidiary of Cosco and Cosco Shipping’s timber carrier assets on the Africa routes. It will manage the entire timber shipping business and vessels used for carrying timber within the group. In addition, some heavy lift vessels and multi-purpose vessels of Cosco Shipping will be transferred to the department.
Cosco Shipping currently operates 13 timber carriers with total capacity of 395,000dwt, and primarily offers timber shipping services between China and Africa.