Cosco Shipping International Strikes Off Two More Subsidiaries

Cosco Shipping International (Singapore) has applied to the Accounting and Corporate Regulatory Authority of Singapore (ACRA) to remove its two subsidiaries Cos Orchid Shipping and Cos Prosperity Shipping from the register.

The above striking off has been pursued after Cos Orchid Shipping and Cos Prosperity Shipping had transferred the vessels owned by them.

The two companies owned the 2004-built Cos Orchid and 2006-built Cos Prosperity bulk carriers.

“The striking off of Cos Orchid Shipping and Cos Prosperity Shipping are not expected to have any material impact on the net tangible assets and earnings per share of the company for the
financial year ending 31 December 2017,” the company said.

The two companies join their predecessors Cos Fair Shipping, Cos Glory Shipping and Cos Lucky Shipping, also owners of bulk carriers, that have been shut down earlier this year.

 

Share this article

Follow World Maritime News

In Depth>

Events>

<< Jun 2019 >>
MTWTFSS
27 28 29 30 31 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

The Smart Ship Exchange

The Exchange will look at the issues involved with increasing autonomy in shipping with an introduction to the concept…

read more >

Electric & Hybrid Marine World Expo Conference 2019

Electric & Hybrid Marine World Expo Conference is the world’s only international conference…

read more >

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 >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >