Cosco Scraps Seventeen

China Cosco Holdings had disassembled 17 vessels, including four container vessels and 13 bulk carriers in the fourth quarter of 2014, as part of its previously announced fleet renewal project

The vessels, with the aggregate capacity of 919,853 deadweight tons, were disposed of as scrapped vessels to different purchasers at a total consideration of approximately RMB 318.2 million (USD 51.2m).

The realized losses incurred from the disassembly of the vessels amounted to approximately RMB 124 million (USD 20m).

The decommissioned container vessels were previously owned by Cosco Container Lines, and the decommissioned bulk carriers were previously owned by China Cosco Bulk Shipping, both wholly-owned subsidiaries of Cosco.

Share this article

Follow World Maritime News

In Depth>

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

CWC World Gas & Power Series: Brazil & the Americas Summit is the perfect meeting place to make contacts…

read more >

FPSO Brazil Congress 2019

Charging ahead with 24 planned orders by 2022, Brazil has once again solidified its status as one of the world’s foremost oil and gas leaders…

read more >

Nor-Shipping 2019

Nor-Shipping’s conference and event programme is tailored to deliver the knowledge, value and networking to help you build your business.

read more >